IRBO vs. WNTR

Last updated Jun 25, 2026

IRBO (iShares Future AI & Tech ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - IRBO is a Robotics fund tracking the Morningstar Global Artificial Intelligence Select Index, while WNTR is a Derivative Income fund actively managed by YieldMax. IRBO is passively managed, while WNTR is actively managed. Over the past year, IRBO returned 86.57% vs 97.02% for WNTR. At a correlation of -0.46, they often move in opposite directions. IRBO charges 0.47%/yr vs 1.01%/yr for WNTR.

Performance

IRBO vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Future AI & Tech ETF (IRBO) 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, IRBO achieves a 53.58% return, which is significantly higher than WNTR's 10.46% return.

IRBO

• 1D: -0.63%
• 1M: 7.58%
• YTD: 53.58%
• 6M: 52.53%
• 1Y: 86.57%
• 3Y*: 32.76%
• 5Y*: 11.45%
• 10Y*: —

WNTR

• 1D: 6.01%
• 1M: 37.47%
• YTD: 10.46%
• 6M: 14.06%
• 1Y: 97.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IRBO vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
IRBO iShares Future AI & Tech ETF	53.58%	43.99%
WNTR YieldMax Short MSTR Option Income Strategy ETF	10.46%	52.78%

Correlation

The correlation between IRBO and WNTR is -0.46, 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	-0.46
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.46

Return for Risk

IRBO vs. WNTR — Risk / Return Rank

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

IRBO

IRBO Risk / Return Rank: 81
IRBO Sharpe Ratio Rank: 87
IRBO Sortino Ratio Rank: 73
IRBO Omega Ratio Rank: 76
IRBO Calmar Ratio Rank: 88
IRBO Martin Ratio Rank: 83

WNTR

WNTR Risk / Return Rank: 51
WNTR Sharpe Ratio Rank: 63
WNTR Sortino Ratio Rank: 49
WNTR Omega Ratio Rank: 52
WNTR Calmar Ratio Rank: 51
WNTR Martin Ratio Rank: 40

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.

IRBO vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Future AI & Tech ETF (IRBO) 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.

	IRBO	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	2.55	1.85	+0.70
Sortino ratio: Return per unit of downside risk	2.92	2.20	+0.71
Omega ratio: Gain probability vs. loss probability	1.40	1.30	+0.10
Calmar ratio: Return relative to maximum drawdown	4.63	2.29	+2.34
Martin ratio: Return relative to average drawdown	15.07	5.85	+9.23

IRBO vs. WNTR - Sharpe Ratio Comparison

The current IRBO Sharpe Ratio is 2.55, which is higher than the WNTR Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of IRBO 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

IRBO vs. WNTR - Drawdown Comparison

The maximum IRBO drawdown since its inception was -54.50%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for IRBO and WNTR.

Drawdown Indicators

	IRBO	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-54.50%	-42.65%	-11.85%
Max Drawdown (1Y) Largest decline over 1 year	-18.81%	-42.65%	+23.84%
Max Drawdown (3Y) Largest decline over 3 years	-32.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-50.53%	—	—
Current Drawdown Current decline from peak	-8.37%	-9.88%	+1.51%
Average Drawdown Average peak-to-trough decline	-19.75%	-20.93%	+1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.76%	16.70%	-10.94%

Volatility

IRBO vs. WNTR - Volatility Comparison

iShares Future AI & Tech ETF (IRBO) has a higher volatility of 19.33% compared to YieldMax Short MSTR Option Income Strategy ETF (WNTR) at 17.54%. This indicates that IRBO's price experiences larger fluctuations and is considered to be riskier than WNTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IRBO	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.33%	17.54%	+1.79%
Volatility (6M) Calculated over the trailing 6-month period	29.98%	45.99%	-16.01%
Volatility (1Y) Calculated over the trailing 1-year period	34.23%	52.83%	-18.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.56%	53.10%	-23.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.29%	53.10%	-24.81%

IRBO vs. WNTR - Expense Ratio Comparison

IRBO has a 0.47% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

IRBO vs. WNTR - Dividend Comparison

IRBO's dividend yield for the trailing twelve months is around 0.06%, less than WNTR's 96.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IRBO iShares Future AI & Tech ETF	0.06%	0.00%	0.50%	0.88%	0.75%	2.41%	0.53%	0.69%	0.34%
WNTR YieldMax Short MSTR Option Income Strategy ETF	96.66%	58.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IRBO and WNTR in my portfolio?

IRBO and WNTR have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IRBO or WNTR?

IRBO has higher volatility (19.33%) compared to WNTR (17.54%). In terms of maximum drawdown, IRBO dropped -54.50% vs WNTR's -42.65%.

Which ETF is better, IRBO or WNTR?

On 1-year performance, WNTR leads with 97.02% vs 86.57% for IRBO. On fees, IRBO is cheaper at 0.47% per year. On volatility, WNTR has been the lower-risk option at 17.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IRBO or WNTR?

Over the 1-year period, WNTR has performed better with a 97.02% return vs 86.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IRBO or WNTR?

IRBO is cheaper with a 0.47% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 96.66%, compared with 0.06% for IRBO.

What is the main difference between IRBO and WNTR?

IRBO is categorized as Robotics, while WNTR is Derivative Income. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.47% for IRBO and 1.01% for WNTR.

Which has better risk-adjusted returns?

IRBO currently has the higher Sharpe Ratio (2.55 vs 1.85), 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.