IAUM vs. WNTR
IAUM (iShares Gold Trust Micro) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - IAUM is a Gold fund tracking the LBMA Gold Price PM, while WNTR is a Derivative Income fund actively managed by YieldMax. IAUM is passively managed, while WNTR is actively managed. Over the past year, IAUM returned 20.69% vs 115.98% for WNTR. At a correlation of -0.15, they often move in opposite directions. IAUM charges 0.09%/yr vs 1.01%/yr for WNTR.
Performance
IAUM vs. WNTR - Performance Comparison
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Returns By Period
In the year-to-date period, IAUM achieves a -6.65% return, which is significantly lower than WNTR's 17.65% return.
IAUM
- 1D
- 1.01%
- 1M
- -10.66%
- YTD
- -6.65%
- 6M
- -10.14%
- 1Y
- 20.69%
- 3Y*
- 27.83%
- 5Y*
- —
- 10Y*
- —
WNTR
- 1D
- 6.51%
- 1M
- 45.64%
- YTD
- 17.65%
- 6M
- 21.49%
- 1Y
- 115.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAUM vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IAUM iShares Gold Trust Micro | -6.65% | 42.82% |
WNTR YieldMax Short MSTR Option Income Strategy ETF | 17.65% | 52.78% |
Correlation
The correlation between IAUM and WNTR is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.15 |
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Return for Risk
IAUM vs. WNTR — Risk / Return Rank
IAUM
WNTR
IAUM vs. WNTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) and YieldMax Short MSTR Option Income Strategy ETF (WNTR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IAUM | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.33 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 2.73 | -1.94 |
| Martin ratioReturn relative to average drawdown | 2.22 | 6.99 | -4.77 |
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Drawdowns
IAUM vs. WNTR - Drawdown Comparison
The maximum IAUM drawdown since its inception was -26.14%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for IAUM and WNTR.
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Drawdown Indicators
| IAUM | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.14% | -42.65% | +16.51% |
Max Drawdown (1Y)Largest decline over 1 year | -26.14% | -42.65% | +16.51% |
Max Drawdown (3Y)Largest decline over 3 years | -26.14% | — | — |
Current DrawdownCurrent decline from peak | -25.40% | -4.02% | -21.38% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -20.87% | +15.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.34% | 16.66% | -7.32% |
Volatility
IAUM vs. WNTR - Volatility Comparison
The current volatility for iShares Gold Trust Micro (IAUM) is 8.67%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 18.14%. This indicates that IAUM experiences smaller price fluctuations and is considered to be less risky than WNTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAUM | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.67% | 18.14% | -9.47% |
Volatility (6M)Calculated over the trailing 6-month period | 24.21% | 46.41% | -22.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.41% | 53.16% | -25.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 53.31% | -35.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.15% | 53.31% | -35.16% |
IAUM vs. WNTR - Expense Ratio Comparison
IAUM has a 0.09% expense ratio, which is lower than WNTR's 1.01% expense ratio.
Dividends
IAUM vs. WNTR - Dividend Comparison
IAUM has not paid dividends to shareholders, while WNTR's dividend yield for the trailing twelve months is around 94.34%.
| Position | TTM | 2025 |
|---|---|---|
IAUM iShares Gold Trust Micro | 0.00% | 0.00% |
WNTR YieldMax Short MSTR Option Income Strategy ETF | 94.34% | 58.56% |
Frequently Asked Questions
IAUM and WNTR have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WNTR has higher volatility (18.14%) compared to IAUM (8.67%). In terms of maximum drawdown, IAUM dropped -26.14% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 115.98% vs 20.69% for IAUM. On fees, IAUM is cheaper at 0.09% per year. On volatility, IAUM has been the lower-risk option at 8.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WNTR has performed better with a 115.98% return vs 20.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAUM is cheaper with a 0.09% expense ratio, compared with 1.01% for WNTR.
WNTR has the higher dividend yield at 94.34%, compared with 0.00% for IAUM.
IAUM is categorized as Gold, while WNTR is Derivative Income. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.09% for IAUM and 1.01% for WNTR.
WNTR currently has the higher Sharpe Ratio (2.20 vs 0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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