KOMP vs. WNTR

Last updated Jun 25, 2026

KOMP (SPDR S&P Kensho New Economies Composite ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - KOMP is a Mid Cap Growth Equities fund tracking the S&P Kensho New Economies Composite Index, while WNTR is a Derivative Income fund actively managed by YieldMax. KOMP is passively managed, while WNTR is actively managed. Over the past year, KOMP returned 30.32% vs 97.02% for WNTR. At a correlation of -0.55, they often move in opposite directions. KOMP charges 0.20%/yr vs 1.01%/yr for WNTR.

Performance

KOMP vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Kensho New Economies Composite ETF (KOMP) 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, KOMP achieves a 14.25% return, which is significantly higher than WNTR's 10.46% return.

KOMP

• 1D: -1.25%
• 1M: -3.38%
• YTD: 14.25%
• 6M: 11.15%
• 1Y: 30.32%
• 3Y*: 18.25%
• 5Y*: 1.68%
• 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)

KOMP vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
KOMP SPDR S&P Kensho New Economies Composite ETF	14.25%	25.09%
WNTR YieldMax Short MSTR Option Income Strategy ETF	10.46%	52.78%

Correlation

The correlation between KOMP and WNTR is -0.55, 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	-0.55
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.55

The correlation between KOMP and WNTR has been stable across timeframes, ranging from -0.55 to -0.55 - a consistent structural relationship.

Return for Risk

KOMP vs. WNTR — Risk / Return Rank

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

KOMP

KOMP Risk / Return Rank: 39
KOMP Sharpe Ratio Rank: 38
KOMP Sortino Ratio Rank: 36
KOMP Omega Ratio Rank: 35
KOMP Calmar Ratio Rank: 43
KOMP Martin Ratio Rank: 41

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.

KOMP vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho New Economies Composite ETF (KOMP) 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.

	KOMP	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.85	-0.61
Sortino ratio: Return per unit of downside risk	1.73	2.20	-0.47
Omega ratio: Gain probability vs. loss probability	1.22	1.30	-0.08
Calmar ratio: Return relative to maximum drawdown	1.96	2.29	-0.32
Martin ratio: Return relative to average drawdown	6.05	5.85	+0.20

KOMP vs. WNTR - Sharpe Ratio Comparison

The current KOMP Sharpe Ratio is 1.23, which is lower than the WNTR Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of KOMP 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

KOMP vs. WNTR - Drawdown Comparison

The maximum KOMP drawdown since its inception was -50.06%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for KOMP and WNTR.

Drawdown Indicators

	KOMP	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-50.06%	-42.65%	-7.41%
Max Drawdown (1Y) Largest decline over 1 year	-15.50%	-42.65%	+27.15%
Max Drawdown (3Y) Largest decline over 3 years	-24.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.38%	—	—
Current Drawdown Current decline from peak	-9.46%	-9.88%	+0.42%
Average Drawdown Average peak-to-trough decline	-21.57%	-20.93%	-0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.03%	16.70%	-11.67%

Volatility

KOMP vs. WNTR - Volatility Comparison

The current volatility for SPDR S&P Kensho New Economies Composite ETF (KOMP) is 10.58%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 17.54%. This indicates that KOMP 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

	KOMP	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.58%	17.54%	-6.96%
Volatility (6M) Calculated over the trailing 6-month period	19.78%	45.99%	-26.21%
Volatility (1Y) Calculated over the trailing 1-year period	24.74%	52.83%	-28.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.09%	53.10%	-28.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.13%	53.10%	-25.97%

KOMP vs. WNTR - Expense Ratio Comparison

KOMP has a 0.20% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

KOMP vs. WNTR - Dividend Comparison

KOMP's dividend yield for the trailing twelve months is around 1.53%, less than WNTR's 96.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
KOMP SPDR S&P Kensho New Economies Composite ETF	1.53%	1.84%	1.04%	1.27%	1.47%	1.44%	0.69%	0.81%	0.13%
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 KOMP and WNTR in my portfolio?

KOMP and WNTR have a correlation of -0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KOMP or WNTR?

WNTR has higher volatility (17.54%) compared to KOMP (10.58%). In terms of maximum drawdown, KOMP dropped -50.06% vs WNTR's -42.65%.

Which ETF is better, KOMP or WNTR?

On 1-year performance, WNTR leads with 97.02% vs 30.32% for KOMP. On fees, KOMP is cheaper at 0.20% per year. On volatility, KOMP has been the lower-risk option at 10.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KOMP or WNTR?

Over the 1-year period, WNTR has performed better with a 97.02% return vs 30.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KOMP or WNTR?

KOMP is cheaper with a 0.20% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 96.66%, compared with 1.53% for KOMP.

What is the main difference between KOMP and WNTR?

KOMP is categorized as Mid Cap Growth Equities, while WNTR is Derivative Income. They also come from different issuers: State Street and YieldMax. Their fees differ too: 0.20% for KOMP and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (1.85 vs 1.23), 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.