IGV vs. WNTR
IGV (iShares Expanded Tech-Software Sector ETF) and WNTR (YieldMax Short MSTR 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 -14.12% vs 119.74% for WNTR. At a correlation of -0.43, they often move in opposite directions. IGV charges 0.39%/yr vs 1.01%/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 -11.39% return, which is significantly lower than WNTR's 5.96% return.
IGV
- 1D
- 1.00%
- 1M
- 3.25%
- 6M
- -9.39%
- YTD
- -11.39%
- 1Y
- -14.12%
- 3Y*
- 9.29%
- 5Y*
- 3.84%
- 10Y*
- 15.79%
WNTR
- 1D
- -3.79%
- 1M
- 13.60%
- 6M
- 16.72%
- YTD
- 5.96%
- 1Y
- 119.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGV vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | -11.39% | 12.28% |
WNTR YieldMax Short MSTR Option Income Strategy ETF | 5.96% | 52.78% |
Correlation
The correlation between IGV and WNTR is -0.41, 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 | -0.41 |
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 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.
| IGV | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.99 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.34 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 2.82 | -3.21 |
| Martin ratioReturn relative to average drawdown | -0.76 | 7.24 | -8.00 |
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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 | -20.50% | -13.55% | -6.95% |
Average DrawdownAverage peak-to-trough decline | -14.48% | -20.51% | +6.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.70% | 16.60% | +2.10% |
Volatility
IGV vs. WNTR - Volatility Comparison
The current volatility for iShares Expanded Tech-Software Sector ETF (IGV) is 8.01%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 19.07%. 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 | 8.01% | 19.07% | -11.06% |
Volatility (6M)Calculated over the trailing 6-month period | 25.35% | 47.38% | -22.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.70% | 53.89% | -25.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.10% | 53.60% | -25.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.41% | 53.60% | -27.19% |
IGV vs. WNTR - Expense Ratio Comparison
IGV has a 0.39% expense ratio, which is lower than WNTR's 1.01% 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 106.17% 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 Short MSTR Option Income Strategy ETF | 106.17% | 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 (19.07%) compared to IGV (8.01%). In terms of maximum drawdown, IGV dropped -63.45% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 119.74% vs -14.12% for IGV. On fees, IGV is cheaper at 0.39% per year. On volatility, IGV has been the lower-risk option at 8.01%. 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 119.74% return vs -14.12%. 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 1.01% for WNTR.
WNTR has the higher dividend yield at 106.17%, 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 1.01% for WNTR.
WNTR currently has the higher Sharpe Ratio (2.24 vs -0.49), 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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