IGV vs. WNTR
IGV (iShares Expanded Tech-Software Sector ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - IGV is a Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while WNTR is a Derivative Income fund actively managed by YieldMax. IGV is passively managed, while WNTR is actively managed. Over the past year, IGV returned -10.30% vs 106.92% for WNTR. Their -0.43 correlation means they have often moved in opposite directions in the past. IGV charges 0.39%/yr vs 1.00%/yr for WNTR.
Performance
IGV vs. WNTR - Performance Comparison
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Returns By Period
In the year-to-date period, IGV achieves a -7.81% return, which is significantly lower than WNTR's 10.51% return.
IGV
- 1D
- 3.00%
- 1M
- 4.11%
- 6M
- 8.85%
- YTD
- -7.81%
- 1Y
- -10.30%
- 3Y*
- 12.00%
- 5Y*
- 3.63%
- 10Y*
- 16.04%
- ALL TIME*
- 9.49%
WNTR
- 1D
- -0.22%
- 1M
- 7.89%
- 6M
- 8.31%
- YTD
- 10.51%
- 1Y
- 106.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 47.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.47B | $1.27B | $1.69B | |
| $3.92M | $3.66M | $3.95M |
IGV vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | -7.81% | 12.28% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 10.51% | 52.78% |
Correlation
The correlation between IGV and WNTR is -0.41, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.41 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.43 |
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Return for Risk
IGV vs. WNTR — Risk / Return Rank
IGV
WNTR
IGV vs. WNTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) 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.
| IGV | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.30 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 2.52 | -2.80 |
| Martin ratioReturn relative to average drawdown | -0.53 | 6.38 | -6.91 |
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Drawdowns
IGV vs. WNTR - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for IGV and WNTR.
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Drawdown Indicators
| IGV | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -42.65% | -20.80% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -42.65% | +6.04% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | — | — |
Current DrawdownCurrent decline from peak | -17.28% | -9.84% | -7.44% |
Average DrawdownAverage peak-to-trough decline | -14.49% | -20.15% | +5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.38% | 16.83% | +2.55% |
Volatility
IGV vs. WNTR - Volatility Comparison
The current volatility for iShares Expanded Tech-Software Sector ETF (IGV) is 7.40%, while YieldMax MSTR Short Option Income Strategy ETF (WNTR) has a volatility of 13.00%. This indicates that IGV 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
| IGV | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 13.00% | -5.60% |
Volatility (6M)Calculated over the trailing 6-month period | 25.09% | 47.22% | -22.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.25% | 54.66% | -25.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.21% | 53.34% | -25.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.47% | 53.34% | -26.87% |
IGV vs. WNTR - Expense Ratio Comparison
IGV has a 0.39% expense ratio, which is lower than WNTR's 1.00% expense ratio.
Dividends
IGV vs. WNTR - Dividend Comparison
IGV's dividend yield for the trailing twelve months is around 0.02%, less than WNTR's 107.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | 0.02% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.35% | 0.02% | 0.16% | 0.09% | 0.82% | 0.22% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 107.26% | 58.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGV and WNTR have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WNTR has higher volatility (13.00%) compared to IGV (7.40%). In terms of maximum drawdown, IGV dropped -63.45% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 106.92% vs -10.30% for IGV. On fees, IGV is cheaper at 0.39% per year. On volatility, IGV has been the lower-risk option at 7.40%. 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 106.92% return vs -10.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGV is cheaper with a 0.39% expense ratio, compared with 1.00% for WNTR.
WNTR has the higher dividend yield at 107.26%, compared with 0.02% for IGV.
IGV is categorized as Technology Equities, while WNTR is Derivative Income. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.39% for IGV and 1.00% for WNTR.
WNTR currently has the higher Sharpe Ratio (1.97 vs -0.35), 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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