IYG vs. WNTR
IYG (iShares U.S. Financial Services ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - IYG is a Financials Equities fund tracking the Dow Jones U.S. Financial Services TR, while WNTR is a Derivative Income fund actively managed by YieldMax. IYG is passively managed, while WNTR is actively managed. Over the past year, IYG returned 9.42% vs 97.02% for WNTR. At a correlation of -0.28, they often move in opposite directions. IYG charges 0.42%/yr vs 1.01%/yr for WNTR.
Performance
IYG vs. WNTR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IYG achieves a -1.05% return, which is significantly lower than WNTR's 10.46% return.
IYG
- 1D
- -0.52%
- 1M
- 3.92%
- YTD
- -1.05%
- 6M
- -2.97%
- 1Y
- 9.42%
- 3Y*
- 22.91%
- 5Y*
- 9.46%
- 10Y*
- 14.99%
WNTR
- 1D
- 6.01%
- 1M
- 37.47%
- YTD
- 10.46%
- 6M
- 14.06%
- 1Y
- 97.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYG vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYG iShares U.S. Financial Services ETF | -1.05% | 16.60% |
WNTR YieldMax Short MSTR Option Income Strategy ETF | 10.46% | 52.78% |
Correlation
The correlation between IYG and WNTR is -0.22, 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 | -0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.28 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IYG vs. WNTR — Risk / Return Rank
IYG
WNTR
IYG vs. WNTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financial Services ETF (IYG) 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.
| IYG | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.30 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 2.29 | -1.69 |
| Martin ratioReturn relative to average drawdown | 1.51 | 5.85 | -4.33 |
Loading charts...
Drawdowns
IYG vs. WNTR - Drawdown Comparison
The maximum IYG drawdown since its inception was -81.84%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for IYG and WNTR.
Loading charts...
Drawdown Indicators
| IYG | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.84% | -42.65% | -39.19% |
Max Drawdown (1Y)Largest decline over 1 year | -15.90% | -42.65% | +26.75% |
Max Drawdown (3Y)Largest decline over 3 years | -18.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.32% | — | — |
Current DrawdownCurrent decline from peak | -4.50% | -9.88% | +5.38% |
Average DrawdownAverage peak-to-trough decline | -20.71% | -20.93% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.23% | 16.70% | -10.47% |
Volatility
IYG vs. WNTR - Volatility Comparison
The current volatility for iShares U.S. Financial Services ETF (IYG) is 4.46%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 17.54%. This indicates that IYG 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.
Loading charts...
Volatility by Period
| IYG | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.46% | 17.54% | -13.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.15% | 45.99% | -33.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 52.83% | -37.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.42% | 53.10% | -32.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.44% | 53.10% | -29.66% |
IYG vs. WNTR - Expense Ratio Comparison
IYG has a 0.42% expense ratio, which is lower than WNTR's 1.01% expense ratio.
Dividends
IYG vs. WNTR - Dividend Comparison
IYG's dividend yield for the trailing twelve months is around 1.09%, less than WNTR's 96.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYG iShares U.S. Financial Services ETF | 1.09% | 1.00% | 1.16% | 1.77% | 2.07% | 1.25% | 1.71% | 1.59% | 1.81% | 1.24% | 1.28% | 1.33% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IYG and WNTR have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WNTR has higher volatility (17.54%) compared to IYG (4.46%). In terms of maximum drawdown, IYG dropped -81.84% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 97.02% vs 9.42% for IYG. On fees, IYG is cheaper at 0.42% per year. On volatility, IYG has been the lower-risk option at 4.46%. 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 97.02% return vs 9.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYG is cheaper with a 0.42% expense ratio, compared with 1.01% for WNTR.
WNTR has the higher dividend yield at 96.66%, compared with 1.09% for IYG.
IYG is categorized as Financials Equities, while WNTR is Derivative Income. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.42% for IYG and 1.01% for WNTR.
WNTR currently has the higher Sharpe Ratio (1.85 vs 0.61), 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.
Find the right allocation for IYG and WNTR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer