JTEK vs. WNTR

Last updated Jun 25, 2026

JTEK (JPMorgan U.S. Tech Leaders ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - JTEK is a Technology Equities fund actively managed by JPMorgan, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, JTEK returned 26.71% vs 97.02% for WNTR. At a correlation of -0.52, they often move in opposite directions. JTEK charges 0.65%/yr vs 1.01%/yr for WNTR.

Performance

JTEK vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Tech Leaders ETF (JTEK) 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, JTEK achieves a 15.98% return, which is significantly higher than WNTR's 10.46% return.

JTEK

• 1D: -0.75%
• 1M: 0.44%
• YTD: 15.98%
• 6M: 13.56%
• 1Y: 26.71%
• 3Y*: —
• 5Y*: —
• 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)

JTEK vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
JTEK JPMorgan U.S. Tech Leaders ETF	15.98%	27.10%
WNTR YieldMax Short MSTR Option Income Strategy ETF	10.46%	52.78%

Correlation

The correlation between JTEK and WNTR is -0.52, 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	-0.52
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.52

The correlation between JTEK and WNTR has been stable across timeframes, ranging from -0.52 to -0.52 - a consistent structural relationship.

Return for Risk

JTEK vs. WNTR — Risk / Return Rank

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

JTEK

JTEK Risk / Return Rank: 28
JTEK Sharpe Ratio Rank: 30
JTEK Sortino Ratio Rank: 28
JTEK Omega Ratio Rank: 28
JTEK Calmar Ratio Rank: 27
JTEK Martin Ratio Rank: 28

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.

JTEK vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Tech Leaders ETF (JTEK) 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.

	JTEK	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.85	-0.84
Sortino ratio: Return per unit of downside risk	1.43	2.20	-0.77
Omega ratio: Gain probability vs. loss probability	1.18	1.30	-0.11
Calmar ratio: Return relative to maximum drawdown	1.22	2.29	-1.07
Martin ratio: Return relative to average drawdown	3.49	5.85	-2.36

JTEK vs. WNTR - Sharpe Ratio Comparison

The current JTEK Sharpe Ratio is 1.01, which is lower than the WNTR Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of JTEK 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

JTEK vs. WNTR - Drawdown Comparison

The maximum JTEK drawdown since its inception was -30.61%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for JTEK and WNTR.

Drawdown Indicators

	JTEK	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-30.61%	-42.65%	+12.04%
Max Drawdown (1Y) Largest decline over 1 year	-22.02%	-42.65%	+20.63%
Current Drawdown Current decline from peak	-6.01%	-9.88%	+3.87%
Average Drawdown Average peak-to-trough decline	-5.57%	-20.93%	+15.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.67%	16.70%	-9.03%

Volatility

JTEK vs. WNTR - Volatility Comparison

The current volatility for JPMorgan U.S. Tech Leaders ETF (JTEK) is 12.66%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 17.54%. This indicates that JTEK 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

	JTEK	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.66%	17.54%	-4.88%
Volatility (6M) Calculated over the trailing 6-month period	21.47%	45.99%	-24.52%
Volatility (1Y) Calculated over the trailing 1-year period	26.78%	52.83%	-26.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.98%	53.10%	-25.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.98%	53.10%	-25.12%

JTEK vs. WNTR - Expense Ratio Comparison

JTEK has a 0.65% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

JTEK vs. WNTR - Dividend Comparison

JTEK has not paid dividends to shareholders, while WNTR's dividend yield for the trailing twelve months is around 96.66%.

Position	TTM	2025
JTEK JPMorgan U.S. Tech Leaders ETF	0.00%	0.00%
WNTR YieldMax Short MSTR Option Income Strategy ETF	96.66%	58.56%

Frequently Asked Questions

Can I hold both JTEK and WNTR in my portfolio?

JTEK and WNTR have a correlation of -0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JTEK or WNTR?

WNTR has higher volatility (17.54%) compared to JTEK (12.66%). In terms of maximum drawdown, JTEK dropped -30.61% vs WNTR's -42.65%.

Which ETF is better, JTEK or WNTR?

On 1-year performance, WNTR leads with 97.02% vs 26.71% for JTEK. On fees, JTEK is cheaper at 0.65% per year. On volatility, JTEK has been the lower-risk option at 12.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JTEK or WNTR?

Over the 1-year period, WNTR has performed better with a 97.02% return vs 26.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JTEK or WNTR?

JTEK is cheaper with a 0.65% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 96.66%, compared with 0.00% for JTEK.

What is the main difference between JTEK and WNTR?

JTEK is categorized as Technology Equities, while WNTR is Derivative Income. They also come from different issuers: JPMorgan and YieldMax. Their fees differ too: 0.65% for JTEK and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (1.85 vs 1.01), 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.