IDEC vs. WNTR

Last updated Jul 1, 2026

IDEC (Innovator International Developed Power Buffer ETF - December) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - IDEC is a Options Trading fund actively managed by Innovator, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, IDEC returned 14.22% vs 116.89% for WNTR. At a correlation of -0.36, they often move in opposite directions. IDEC charges 0.85%/yr vs 1.01%/yr for WNTR.

Performance

IDEC vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Power Buffer ETF - December (IDEC) and YieldMax Short MSTR Option Income Strategy ETF (WNTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDEC achieves a 6.27% return, which is significantly lower than WNTR's 14.89% return.

IDEC

• 1D: 0.29%
• 1M: 0.64%
• YTD: 6.27%
• 6M: 6.02%
• 1Y: 14.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WNTR

• 1D: 2.53%
• 1M: 43.34%
• YTD: 14.89%
• 6M: 16.59%
• 1Y: 116.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IDEC vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
IDEC Innovator International Developed Power Buffer ETF - December	6.27%	14.38%
WNTR YieldMax Short MSTR Option Income Strategy ETF	14.89%	52.78%

Correlation

The correlation between IDEC and WNTR is -0.35, 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	-0.35
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.36

Return for Risk

IDEC vs. WNTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IDEC

IDEC Risk / Return Rank: 55
IDEC Sharpe Ratio Rank: 55
IDEC Sortino Ratio Rank: 57
IDEC Omega Ratio Rank: 59
IDEC Calmar Ratio Rank: 48
IDEC Martin Ratio Rank: 57

WNTR

WNTR Risk / Return Rank: 64
WNTR Sharpe Ratio Rank: 81
WNTR Sortino Ratio Rank: 61
WNTR Omega Ratio Rank: 65
WNTR Calmar Ratio Rank: 65
WNTR Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IDEC vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - December (IDEC) 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.

	IDEC	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	1.60	2.20	-0.59
Sortino ratio: Return per unit of downside risk	2.34	2.45	-0.11
Omega ratio: Gain probability vs. loss probability	1.31	1.33	-0.02
Calmar ratio: Return relative to maximum drawdown	2.08	2.76	-0.68
Martin ratio: Return relative to average drawdown	8.45	7.04	+1.41

IDEC vs. WNTR - Sharpe Ratio Comparison

The current IDEC Sharpe Ratio is 1.60, which is comparable to the WNTR Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of IDEC and WNTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IDEC vs. WNTR - Drawdown Comparison

The maximum IDEC drawdown since its inception was -8.51%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for IDEC and WNTR.

Drawdown Indicators

	IDEC	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-8.51%	-42.65%	+34.14%
Max Drawdown (1Y) Largest decline over 1 year	-6.87%	-42.65%	+35.78%
Current Drawdown Current decline from peak	-0.40%	-6.27%	+5.87%
Average Drawdown Average peak-to-trough decline	-1.51%	-20.73%	+19.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	16.67%	-14.98%

Volatility

IDEC vs. WNTR - Volatility Comparison

The current volatility for Innovator International Developed Power Buffer ETF - December (IDEC) is 3.13%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 19.68%. This indicates that IDEC 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.

Volatility by Period

	IDEC	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.13%	19.68%	-16.55%
Volatility (6M) Calculated over the trailing 6-month period	7.89%	47.06%	-39.17%
Volatility (1Y) Calculated over the trailing 1-year period	8.91%	53.70%	-44.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.69%	53.56%	-43.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.69%	53.56%	-43.87%

IDEC vs. WNTR - Expense Ratio Comparison

IDEC has a 0.85% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

IDEC vs. WNTR - Dividend Comparison

IDEC has not paid dividends to shareholders, while WNTR's dividend yield for the trailing twelve months is around 96.61%.

Position	TTM	2025
IDEC Innovator International Developed Power Buffer ETF - December	0.00%	0.00%
WNTR YieldMax Short MSTR Option Income Strategy ETF	96.61%	58.56%

Frequently Asked Questions

Can I hold both IDEC and WNTR in my portfolio?

IDEC and WNTR have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDEC or WNTR?

WNTR has higher volatility (19.68%) compared to IDEC (3.13%). In terms of maximum drawdown, IDEC dropped -8.51% vs WNTR's -42.65%.

Which ETF is better, IDEC or WNTR?

On 1-year performance, WNTR leads with 116.89% vs 14.22% for IDEC. On fees, IDEC is cheaper at 0.85% per year. On volatility, IDEC has been the lower-risk option at 3.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDEC or WNTR?

Over the 1-year period, WNTR has performed better with a 116.89% return vs 14.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDEC or WNTR?

IDEC is cheaper with a 0.85% expense ratio, compared with 1.01% for WNTR.

Which ETF pays a higher dividend yield, IDEC or WNTR?

WNTR has the higher dividend yield at 96.61%, compared with 0.00% for IDEC.

What is the main difference between IDEC and WNTR?

IDEC is categorized as Options Trading, while WNTR is Derivative Income. They also come from different issuers: Innovator and YieldMax. Their fees differ too: 0.85% for IDEC and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.20 vs 1.60), 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.