LCOW vs. WNTR

Last updated Aug 1, 2026

LCOW (Pacer S&P 500 Quality FCF Aristocrats ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - LCOW is a Quality Factor fund tracking the S&P 500 Quality FCF Aristocrats Index, while WNTR is a Derivative Income fund actively managed by YieldMax. LCOW is passively managed, while WNTR is actively managed. Over the past year, LCOW returned 19.31% vs 107.38% for WNTR. Their -0.35 correlation means they have often moved in opposite directions in the past. LCOW charges 0.49%/yr vs 1.00%/yr for WNTR.

Performance

LCOW vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer S&P 500 Quality FCF Aristocrats ETF (LCOW) 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, LCOW achieves a 8.56% return, which is significantly lower than WNTR's 10.75% return.

LCOW

• 1D: 0.52%
• 1M: 1.05%
• 6M: 8.03%
• YTD: 8.56%
• 1Y: 19.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.36%

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)
LCOW Pacer S&P 500 Quality FCF Aristocrats ETF	$104.13K	$83.33K	$122.50K
WNTR YieldMax MSTR Short Option Income Strategy ETF	$4.02M	$3.86M	$3.95M

LCOW vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
LCOW Pacer S&P 500 Quality FCF Aristocrats ETF	8.56%	20.51%
WNTR YieldMax MSTR Short Option Income Strategy ETF	10.75%	85.69%

Correlation

The correlation between LCOW and WNTR is -0.36, 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.	-0.36
Correlation (All Time) Calculated using the full available price history since May 7, 2025	-0.35

Return for Risk

LCOW vs. WNTR — Risk / Return Rank

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

LCOW

LCOW Risk / Return Rank: 58
LCOW Sharpe Ratio Rank: 62
LCOW Sortino Ratio Rank: 62
LCOW Omega Ratio Rank: 57
LCOW Calmar Ratio Rank: 48
LCOW Martin Ratio Rank: 59

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.

LCOW vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer S&P 500 Quality FCF Aristocrats ETF (LCOW) 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.

	LCOW	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	1.45	2.12	-0.67
Sortino ratio: Return per unit of downside risk	2.07	2.37	-0.31
Omega ratio: Gain probability vs. loss probability	1.25	1.32	-0.06
Calmar ratio: Return relative to maximum drawdown	1.75	2.71	-0.96
Martin ratio: Return relative to average drawdown	7.12	6.87	+0.25

LCOW vs. WNTR - Sharpe Ratio Comparison

The current LCOW Sharpe Ratio is 1.45, which is lower than the WNTR Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of LCOW 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

LCOW vs. WNTR - Drawdown Comparison

The maximum LCOW drawdown since its inception was -10.34%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for LCOW and WNTR.

Drawdown Indicators

	LCOW	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-10.34%	-42.65%	+32.31%
Max Drawdown (1Y) Largest decline over 1 year	-10.34%	-42.65%	+32.31%
Current Drawdown Current decline from peak	-0.83%	-9.64%	+8.81%
Average Drawdown Average peak-to-trough decline	-1.38%	-20.18%	+18.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	16.81%	-14.27%

Volatility

LCOW vs. WNTR - Volatility Comparison

The current volatility for Pacer S&P 500 Quality FCF Aristocrats ETF (LCOW) is 2.89%, while YieldMax MSTR Short Option Income Strategy ETF (WNTR) has a volatility of 14.85%. This indicates that LCOW 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

	LCOW	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	14.85%	-11.96%
Volatility (6M) Calculated over the trailing 6-month period	9.71%	47.43%	-37.72%
Volatility (1Y) Calculated over the trailing 1-year period	12.50%	54.68%	-42.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.38%	53.42%	-41.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.38%	53.42%	-41.04%

LCOW vs. WNTR - Expense Ratio Comparison

LCOW has a 0.49% expense ratio, which is lower than WNTR's 1.00% expense ratio.

Dividends

LCOW vs. WNTR - Dividend Comparison

LCOW's dividend yield for the trailing twelve months is around 0.62%, less than WNTR's 107.02% yield.

Position	TTM	2025
LCOW Pacer S&P 500 Quality FCF Aristocrats ETF	0.62%	0.43%
WNTR YieldMax MSTR Short Option Income Strategy ETF	107.02%	58.56%

Frequently Asked Questions

Can I hold both LCOW and WNTR in my portfolio?

LCOW and WNTR have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCOW or WNTR?

WNTR has higher volatility (14.85%) compared to LCOW (2.89%). In terms of maximum drawdown, LCOW dropped -10.34% vs WNTR's -42.65%.

Which ETF is better, LCOW or WNTR?

On 1-year performance, WNTR leads with 107.38% vs 19.31% for LCOW. On fees, LCOW is cheaper at 0.49% per year. On volatility, LCOW has been the lower-risk option at 2.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LCOW or WNTR?

Over the 1-year period, WNTR has performed better with a 107.38% return vs 19.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCOW or WNTR?

LCOW is cheaper with a 0.49% expense ratio, compared with 1.00% for WNTR.

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

WNTR has the higher dividend yield at 107.02%, compared with 0.62% for LCOW.

What is the main difference between LCOW and WNTR?

LCOW is categorized as Quality Factor, while WNTR is Derivative Income. They also come from different issuers: Pacer and YieldMax. Their fees differ too: 0.49% for LCOW and 1.00% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.12 vs 1.45), 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.