IDEQ vs. WNTR

Last updated Aug 2, 2026

IDEQ (Lazard International Dynamic Equity ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - IDEQ is a Foreign Large Cap Equities fund actively managed by Lazard, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Their -0.37 correlation means they have often moved in opposite directions in the past. IDEQ charges 0.40%/yr vs 1.00%/yr for WNTR.

Performance

IDEQ vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard International Dynamic Equity ETF (IDEQ) and YieldMax MSTR Short 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, IDEQ achieves a 14.92% return, which is significantly higher than WNTR's 10.75% return.

IDEQ

• 1D: -0.43%
• 1M: -0.46%
• 6M: 6.56%
• YTD: 14.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

WNTR

• 1D: 3.26%
• 1M: 8.13%
• 6M: 14.92%
• YTD: 10.75%
• 1Y: 107.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IDEQ Lazard International Dynamic Equity ETF	$8.07M	$9.61M	$11.09M
WNTR YieldMax MSTR Short Option Income Strategy ETF	$4.02M	$3.86M	$3.95M

IDEQ vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
IDEQ Lazard International Dynamic Equity ETF	14.92%	12.10%
WNTR YieldMax MSTR Short Option Income Strategy ETF	10.75%	74.38%

Correlation

The correlation between IDEQ and WNTR is -0.37, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 29, 2025	-0.37

Return for Risk

IDEQ vs. WNTR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IDEQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

WNTR

WNTR Risk / Return Rank: 75
WNTR Sharpe Ratio Rank: 88
WNTR Sortino Ratio Rank: 74
WNTR Omega Ratio Rank: 77
WNTR Calmar Ratio Rank: 77
WNTR Martin Ratio Rank: 58

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IDEQ vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard International Dynamic Equity ETF (IDEQ) and YieldMax MSTR Short 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.

	IDEQ	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	—	2.12	—
Sortino ratio: Return per unit of downside risk	—	2.37	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.71	—
Martin ratio: Return relative to average drawdown	—	6.87	—

Drawdowns

IDEQ vs. WNTR - Drawdown Comparison

The maximum IDEQ drawdown since its inception was -12.95%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for IDEQ and WNTR.

Drawdown Indicators

	IDEQ	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-12.95%	-42.65%	+29.70%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.65%	—
Current Drawdown Current decline from peak	-3.65%	-9.64%	+5.99%
Average Drawdown Average peak-to-trough decline	-2.28%	-20.18%	+17.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.81%	—

Volatility

Volatility by Period

	IDEQ	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	47.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.58%	54.68%	-35.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.58%	53.42%	-33.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.58%	53.42%	-33.84%

IDEQ vs. WNTR - Expense Ratio Comparison

IDEQ has a 0.40% expense ratio, which is lower than WNTR's 1.00% expense ratio.

Dividends

IDEQ vs. WNTR - Dividend Comparison

IDEQ's dividend yield for the trailing twelve months is around 1.35%, less than WNTR's 107.02% yield.

Position	TTM	2025
IDEQ Lazard International Dynamic Equity ETF	1.35%	0.60%
WNTR YieldMax MSTR Short Option Income Strategy ETF	107.02%	58.56%

Frequently Asked Questions

Can I hold both IDEQ and WNTR in my portfolio?

IDEQ and WNTR have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDEQ or WNTR?

On fees, IDEQ is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IDEQ or WNTR?

IDEQ is cheaper with a 0.40% expense ratio, compared with 1.00% for WNTR.

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

WNTR has the higher dividend yield at 107.02%, compared with 1.35% for IDEQ.

What is the main difference between IDEQ and WNTR?

IDEQ is categorized as Foreign Large Cap Equities, while WNTR is Derivative Income. They also come from different issuers: Lazard and YieldMax. Their fees differ too: 0.40% for IDEQ and 1.00% for WNTR.