KGRN vs. WNTR
KGRN (KraneShares MSCI China Clean Technology Index ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - KGRN is a China Equities fund tracking the MSCI China IMI Environment 10/40 Index, while WNTR is a Derivative Income fund actively managed by YieldMax. KGRN is passively managed, while WNTR is actively managed. Over the past year, KGRN returned -8.93% vs 107.38% for WNTR. Their -0.32 correlation means they have often moved in opposite directions in the past. KGRN charges 0.79%/yr vs 1.00%/yr for WNTR.
Performance
KGRN vs. WNTR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KGRN achieves a -9.74% return, which is significantly lower than WNTR's 10.75% return.
KGRN
- 1D
- -1.22%
- 1M
- 4.21%
- 6M
- -10.51%
- YTD
- -9.74%
- 1Y
- -8.93%
- 3Y*
- -6.00%
- 5Y*
- -11.72%
- 10Y*
- —
- ALL TIME*
- 1.06%
WNTR
- 1D
- 3.26%
- 1M
- 8.13%
- 6M
- 14.92%
- YTD
- 10.75%
- 1Y
- 107.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 47.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $273.80K | $295.76K | $430.09K | |
| $4.02M | $3.86M | $3.95M |
KGRN vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KGRN KraneShares MSCI China Clean Technology Index ETF | -9.74% | 4.44% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 10.75% | 52.78% |
Correlation
The correlation between KGRN and WNTR is -0.31, 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. | -0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.32 |
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
KGRN vs. WNTR — Risk / Return Rank
KGRN
WNTR
KGRN vs. WNTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI China Clean Technology Index ETF (KGRN) 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.
| KGRN | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.83 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.32 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 2.71 | -3.07 |
| Martin ratioReturn relative to average drawdown | -0.71 | 6.87 | -7.58 |
Loading charts...
Drawdowns
KGRN vs. WNTR - Drawdown Comparison
The maximum KGRN drawdown since its inception was -66.24%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for KGRN and WNTR.
Loading charts...
Drawdown Indicators
| KGRN | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.24% | -42.65% | -23.59% |
Max Drawdown (1Y)Largest decline over 1 year | -28.36% | -42.65% | +14.29% |
Max Drawdown (3Y)Largest decline over 3 years | -41.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -63.60% | — | — |
Current DrawdownCurrent decline from peak | -52.74% | -9.64% | -43.10% |
Average DrawdownAverage peak-to-trough decline | -34.28% | -20.18% | -14.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.13% | 16.81% | -2.68% |
Volatility
KGRN vs. WNTR - Volatility Comparison
The current volatility for KraneShares MSCI China Clean Technology Index ETF (KGRN) is 5.44%, while YieldMax MSTR Short Option Income Strategy ETF (WNTR) has a volatility of 14.85%. This indicates that KGRN 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
| KGRN | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 14.85% | -9.41% |
Volatility (6M)Calculated over the trailing 6-month period | 15.54% | 47.43% | -31.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.50% | 54.68% | -31.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.18% | 53.42% | -19.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.69% | 53.42% | -20.73% |
KGRN vs. WNTR - Expense Ratio Comparison
KGRN has a 0.79% expense ratio, which is lower than WNTR's 1.00% expense ratio.
Dividends
KGRN vs. WNTR - Dividend Comparison
KGRN's dividend yield for the trailing twelve months is around 0.95%, less than WNTR's 107.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
KGRN KraneShares MSCI China Clean Technology Index ETF | 0.95% | 0.85% | 1.49% | 0.74% | 1.98% | 0.41% | 0.01% | 5.88% | 2.04% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 107.02% | 58.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KGRN and WNTR have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WNTR has higher volatility (14.85%) compared to KGRN (5.44%). In terms of maximum drawdown, KGRN dropped -66.24% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 107.38% vs -8.93% for KGRN. On fees, KGRN is cheaper at 0.79% per year. On volatility, KGRN has been the lower-risk option at 5.44%. 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 107.38% return vs -8.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KGRN is cheaper with a 0.79% expense ratio, compared with 1.00% for WNTR.
WNTR has the higher dividend yield at 107.02%, compared with 0.95% for KGRN.
KGRN is categorized as China Equities, while WNTR is Derivative Income. They also come from different issuers: CICC and YieldMax. Their fees differ too: 0.79% for KGRN and 1.00% for WNTR.
WNTR currently has the higher Sharpe Ratio (2.12 vs -0.43), 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 KGRN 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