ILIT vs. WNTR

Last updated Aug 4, 2026

ILIT (Ishares Lithium Miners And Producers ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - ILIT is a Lithium & Battery Metals fund tracking the STOXX Global Lithium Miners and Producers Index - USD - Benchmark TR Net, while WNTR is a Derivative Income fund actively managed by YieldMax. ILIT is passively managed, while WNTR is actively managed. Over the past year, ILIT returned 60.15% vs 106.92% for WNTR. Their -0.27 correlation means they have often moved in opposite directions in the past. ILIT charges 0.47%/yr vs 1.00%/yr for WNTR.

Performance

ILIT vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ishares Lithium Miners And Producers ETF (ILIT) 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, ILIT achieves a -12.80% return, which is significantly lower than WNTR's 10.51% return.

ILIT

• 1D: 1.04%
• 1M: -21.07%
• 6M: -17.72%
• YTD: -12.80%
• 1Y: 60.15%
• 3Y*: -13.40%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -14.33%

WNTR

• 1D: -0.22%
• 1M: 7.89%
• 6M: 8.31%
• YTD: 10.51%
• 1Y: 106.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.29%

*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)
ILIT Ishares Lithium Miners And Producers ETF	$172.10K	$273.29K	$648.98K
WNTR YieldMax MSTR Short Option Income Strategy ETF	$3.92M	$3.66M	$3.95M

ILIT vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
ILIT Ishares Lithium Miners And Producers ETF	-12.80%	84.64%
WNTR YieldMax MSTR Short Option Income Strategy ETF	10.51%	52.78%

Correlation

The correlation between ILIT and WNTR is -0.25, 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.	-0.25
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.27

Return for Risk

ILIT vs. WNTR — Risk / Return Rank

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

ILIT

ILIT Risk / Return Rank: 43
ILIT Sharpe Ratio Rank: 46
ILIT Sortino Ratio Rank: 50
ILIT Omega Ratio Rank: 45
ILIT Calmar Ratio Rank: 38
ILIT Martin Ratio Rank: 37

WNTR

WNTR Risk / Return Rank: 69
WNTR Sharpe Ratio Rank: 83
WNTR Sortino Ratio Rank: 67
WNTR Omega Ratio Rank: 71
WNTR Calmar Ratio Rank: 70
WNTR Martin Ratio Rank: 53

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.

ILIT vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Lithium Miners And Producers ETF (ILIT) 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.

	ILIT	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.97	-0.78
Sortino ratio: Return per unit of downside risk	1.83	2.27	-0.44
Omega ratio: Gain probability vs. loss probability	1.22	1.30	-0.09
Calmar ratio: Return relative to maximum drawdown	1.38	2.52	-1.14
Martin ratio: Return relative to average drawdown	3.91	6.38	-2.47

ILIT vs. WNTR - Sharpe Ratio Comparison

The current ILIT Sharpe Ratio is 1.20, which is lower than the WNTR Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of ILIT 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

ILIT vs. WNTR - Drawdown Comparison

The maximum ILIT drawdown since its inception was -73.69%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for ILIT and WNTR.

Drawdown Indicators

	ILIT	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-73.69%	-42.65%	-31.04%
Max Drawdown (1Y) Largest decline over 1 year	-43.92%	-42.65%	-1.27%
Max Drawdown (3Y) Largest decline over 3 years	-70.05%	—	—
Current Drawdown Current decline from peak	-42.95%	-9.84%	-33.11%
Average Drawdown Average peak-to-trough decline	-45.08%	-20.15%	-24.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.45%	16.83%	-1.38%

Volatility

ILIT vs. WNTR - Volatility Comparison

The current volatility for Ishares Lithium Miners And Producers ETF (ILIT) is 11.17%, while YieldMax MSTR Short Option Income Strategy ETF (WNTR) has a volatility of 13.00%. This indicates that ILIT 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

	ILIT	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.17%	13.00%	-1.83%
Volatility (6M) Calculated over the trailing 6-month period	33.89%	47.22%	-13.33%
Volatility (1Y) Calculated over the trailing 1-year period	50.66%	54.66%	-4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.98%	53.34%	-11.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.98%	53.34%	-11.36%

ILIT vs. WNTR - Expense Ratio Comparison

ILIT has a 0.47% expense ratio, which is lower than WNTR's 1.00% expense ratio.

Dividends

ILIT vs. WNTR - Dividend Comparison

ILIT's dividend yield for the trailing twelve months is around 2.36%, less than WNTR's 107.26% yield.

Position	TTM	2025	2024	2023
ILIT Ishares Lithium Miners And Producers ETF	2.36%	2.27%	6.48%	0.69%
WNTR YieldMax MSTR Short Option Income Strategy ETF	107.26%	58.56%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ILIT and WNTR in my portfolio?

ILIT and WNTR have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ILIT or WNTR?

WNTR has higher volatility (13.00%) compared to ILIT (11.17%). In terms of maximum drawdown, ILIT dropped -73.69% vs WNTR's -42.65%.

Which ETF is better, ILIT or WNTR?

On 1-year performance, WNTR leads with 106.92% vs 60.15% for ILIT. On fees, ILIT is cheaper at 0.47% per year. On volatility, ILIT has been the lower-risk option at 11.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ILIT or WNTR?

Over the 1-year period, WNTR has performed better with a 106.92% return vs 60.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ILIT or WNTR?

ILIT is cheaper with a 0.47% expense ratio, compared with 1.00% for WNTR.

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

WNTR has the higher dividend yield at 107.26%, compared with 2.36% for ILIT.

What is the main difference between ILIT and WNTR?

ILIT is categorized as Lithium & Battery Metals, while WNTR is Derivative Income. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.47% for ILIT and 1.00% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (1.97 vs 1.20), 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.