IVRS vs. WNTR
IVRS (iShares Future Metaverse Tech And Communications ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - IVRS is a Technology Equities fund tracking the Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while WNTR is a Derivative Income fund actively managed by YieldMax. IVRS is passively managed, while WNTR is actively managed. Over the past year, IVRS returned -11.56% vs 106.92% for WNTR. Their -0.57 correlation means they have often moved in opposite directions in the past. IVRS charges 0.47%/yr vs 1.00%/yr for WNTR.
Performance
IVRS vs. WNTR - Performance Comparison
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Returns By Period
In the year-to-date period, IVRS achieves a -7.07% return, which is significantly lower than WNTR's 10.51% return.
IVRS
- 1D
- 2.16%
- 1M
- 0.63%
- 6M
- -1.65%
- YTD
- -7.07%
- 1Y
- -11.56%
- 3Y*
- 7.73%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.16%
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) |
|---|---|---|---|
| $45.64K | $34.99K | $21.63K | |
| $3.92M | $3.66M | $3.95M |
IVRS vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IVRS iShares Future Metaverse Tech And Communications ETF | -7.07% | 9.31% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 10.51% | 52.78% |
Correlation
The correlation between IVRS and WNTR is -0.59, 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. | -0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.57 |
The correlation between IVRS and WNTR has been stable across timeframes, ranging from -0.59 to -0.57 - a consistent structural relationship.
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Return for Risk
IVRS vs. WNTR — Risk / Return Rank
IVRS
WNTR
IVRS vs. WNTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Future Metaverse Tech And Communications ETF (IVRS) 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.
| IVRS | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.30 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 2.52 | -2.89 |
| Martin ratioReturn relative to average drawdown | -0.69 | 6.38 | -7.07 |
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Drawdowns
IVRS vs. WNTR - Drawdown Comparison
The maximum IVRS drawdown since its inception was -31.43%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for IVRS and WNTR.
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Drawdown Indicators
| IVRS | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.43% | -42.65% | +11.22% |
Max Drawdown (1Y)Largest decline over 1 year | -31.43% | -42.65% | +11.22% |
Max Drawdown (3Y)Largest decline over 3 years | -31.43% | — | — |
Current DrawdownCurrent decline from peak | -20.06% | -9.84% | -10.22% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -20.15% | +13.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.79% | 16.83% | -0.04% |
Volatility
IVRS vs. WNTR - Volatility Comparison
The current volatility for iShares Future Metaverse Tech And Communications ETF (IVRS) is 7.97%, while YieldMax MSTR Short Option Income Strategy ETF (WNTR) has a volatility of 13.00%. This indicates that IVRS 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
| IVRS | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.97% | 13.00% | -5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 19.96% | 47.22% | -27.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.89% | 54.66% | -30.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.88% | 53.34% | -32.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.88% | 53.34% | -32.46% |
IVRS vs. WNTR - Expense Ratio Comparison
IVRS has a 0.47% expense ratio, which is lower than WNTR's 1.00% expense ratio.
Dividends
IVRS vs. WNTR - Dividend Comparison
IVRS's dividend yield for the trailing twelve months is around 8.62%, less than WNTR's 107.26% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IVRS iShares Future Metaverse Tech And Communications ETF | 8.62% | 7.88% | 6.65% | 0.48% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 107.26% | 58.56% | 0.00% | 0.00% |
Frequently Asked Questions
IVRS and WNTR have a correlation of -0.59, 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 IVRS (7.97%). In terms of maximum drawdown, IVRS dropped -31.43% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 106.92% vs -11.56% for IVRS. On fees, IVRS is cheaper at 0.47% per year. On volatility, IVRS has been the lower-risk option at 7.97%. 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 -11.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVRS is cheaper with a 0.47% expense ratio, compared with 1.00% for WNTR.
WNTR has the higher dividend yield at 107.26%, compared with 8.62% for IVRS.
IVRS is categorized as Technology Equities, while WNTR is Derivative Income. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.47% for IVRS and 1.00% for WNTR.
WNTR currently has the higher Sharpe Ratio (1.97 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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