KYLD vs. WNTR

Last updated Aug 1, 2026

KYLD (Kurv High Income ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Their -0.52 correlation means they have often moved in opposite directions in the past. Both charge a 1.00% expense ratio.

Performance

KYLD vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv High Income ETF (KYLD) and YieldMax MSTR Short 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, KYLD achieves a 10.14% return, which is significantly lower than WNTR's 10.75% return.

KYLD

• 1D: -1.70%
• 1M: -7.82%
• 6M: 11.05%
• YTD: 10.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

WNTR

• 1D: 3.26%
• 1M: 8.13%
• 6M: 14.92%
• YTD: 10.75%
• 1Y: 107.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KYLD Kurv High Income ETF	$1.07M	$1.06M	$870.61K
WNTR YieldMax MSTR Short Option Income Strategy ETF	$4.02M	$3.86M	$3.95M

KYLD vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
KYLD Kurv High Income ETF	10.14%	-11.41%
WNTR YieldMax MSTR Short Option Income Strategy ETF	10.75%	45.47%

Correlation

The correlation between KYLD and WNTR is -0.52, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 31, 2025	-0.52

Return for Risk

KYLD vs. WNTR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KYLD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

WNTR

WNTR Risk / Return Rank: 75
WNTR Sharpe Ratio Rank: 88
WNTR Sortino Ratio Rank: 74
WNTR Omega Ratio Rank: 77
WNTR Calmar Ratio Rank: 77
WNTR Martin Ratio Rank: 58

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KYLD vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv High Income ETF (KYLD) 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.

	KYLD	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	—	2.12	—
Sortino ratio: Return per unit of downside risk	—	2.37	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.71	—
Martin ratio: Return relative to average drawdown	—	6.87	—

Drawdowns

KYLD vs. WNTR - Drawdown Comparison

The maximum KYLD drawdown since its inception was -21.14%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for KYLD and WNTR.

Drawdown Indicators

	KYLD	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-21.14%	-42.65%	+21.51%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.65%	—
Current Drawdown Current decline from peak	-10.76%	-9.64%	-1.12%
Average Drawdown Average peak-to-trough decline	-8.03%	-20.18%	+12.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.81%	—

Volatility

Volatility by Period

	KYLD	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	47.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.81%	54.68%	-21.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.81%	53.42%	-20.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.81%	53.42%	-20.61%

KYLD vs. WNTR - Expense Ratio Comparison

Both KYLD and WNTR have an expense ratio of 1.00%.

Dividends

KYLD vs. WNTR - Dividend Comparison

KYLD's dividend yield for the trailing twelve months is around 22.96%, less than WNTR's 107.02% yield.

Position	TTM	2025
KYLD Kurv High Income ETF	22.96%	6.14%
WNTR YieldMax MSTR Short Option Income Strategy ETF	107.02%	58.56%

Frequently Asked Questions

Can I hold both KYLD and WNTR in my portfolio?

KYLD 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 ETF is better, KYLD or WNTR?

Both ETFs have the same 1.00% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KYLD or WNTR?

KYLD and WNTR have the same expense ratio: 1.00% per year.

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

WNTR has the higher dividend yield at 107.02%, compared with 22.96% for KYLD.

What is the main difference between KYLD and WNTR?

They also come from different issuers: Kurv and YieldMax.