LFGY vs. WDTE

Last updated Jul 21, 2026

LFGY (YieldMax Crypto Industry & Tech Portfolio Option Income ETF) and WDTE (Defiance S&P 500 Enhanced Options & 0DTE Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, LFGY returned -9.94% vs 16.38% for WDTE. A 0.62 correlation means they provide meaningful diversification when combined. LFGY charges 1.02%/yr vs 1.01%/yr for WDTE.

Performance

LFGY vs. WDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) and Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with LFGY having a 8.72% return and WDTE slightly higher at 9.15%.

LFGY

• 1D: 3.97%
• 1M: -9.03%
• 6M: -2.03%
• YTD: 8.72%
• 1Y: -9.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -0.96%

WDTE

• 1D: 0.23%
• 1M: -0.24%
• 6M: 7.58%
• YTD: 9.15%
• 1Y: 16.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.73%

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

LFGY vs. WDTE - Yearly Performance Comparison

	2026 (YTD)	2025
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF	8.72%	-9.35%
WDTE Defiance S&P 500 Enhanced Options & 0DTE Income ETF	9.15%	14.06%

Correlation

The correlation between LFGY and WDTE is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	0.62

The correlation between LFGY and WDTE has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.

LFGY vs. WDTE - Sectors Allocation Comparison

Sectors	LFGY	WDTE
Financial Services	55.3%	11.1%
Technology	34.1%	39.0%
Communication Services	6.7%	10.6%
Consumer Cyclical	4.0%	9.9%
Basic Materials	-	1.7%
Consumer Defensive	-	4.5%
Energy	-	3.1%
Healthcare	-	8.3%
Industrials	-	7.8%
Real Estate	-	1.8%
Utilities	-	2.1%

Return for Risk

LFGY vs. WDTE — Risk / Return Rank

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

LFGY

LFGY Risk / Return Rank: 8
LFGY Sharpe Ratio Rank: 7
LFGY Sortino Ratio Rank: 8
LFGY Omega Ratio Rank: 8
LFGY Calmar Ratio Rank: 7
LFGY Martin Ratio Rank: 7

WDTE

WDTE Risk / Return Rank: 61
WDTE Sharpe Ratio Rank: 60
WDTE Sortino Ratio Rank: 54
WDTE Omega Ratio Rank: 64
WDTE Calmar Ratio Rank: 57
WDTE Martin Ratio Rank: 72

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.

LFGY vs. WDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) and Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE). 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.

	LFGY	WDTE	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	1.49	-1.74
Sortino ratio: Return per unit of downside risk	-0.09	1.99	-2.08
Omega ratio: Gain probability vs. loss probability	0.99	1.29	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.28	2.15	-2.43
Martin ratio: Return relative to average drawdown	-0.58	9.56	-10.15

LFGY vs. WDTE - Sharpe Ratio Comparison

The current LFGY Sharpe Ratio is -0.25, which is lower than the WDTE Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of LFGY and WDTE, 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

LFGY vs. WDTE - Drawdown Comparison

The maximum LFGY drawdown since its inception was -35.94%, which is greater than WDTE's maximum drawdown of -15.85%. Use the drawdown chart below to compare losses from any high point for LFGY and WDTE.

Drawdown Indicators

	LFGY	WDTE	Difference
Max Drawdown Largest peak-to-trough decline	-35.94%	-15.85%	-20.09%
Max Drawdown (1Y) Largest decline over 1 year	-35.94%	-7.65%	-28.29%
Current Drawdown Current decline from peak	-16.95%	-1.82%	-15.13%
Average Drawdown Average peak-to-trough decline	-14.06%	-1.83%	-12.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.19%	1.72%	+15.47%

Volatility

LFGY vs. WDTE - Volatility Comparison

YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) has a higher volatility of 11.39% compared to Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE) at 2.64%. This indicates that LFGY's price experiences larger fluctuations and is considered to be riskier than WDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LFGY	WDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.39%	2.64%	+8.75%
Volatility (6M) Calculated over the trailing 6-month period	32.38%	9.36%	+23.02%
Volatility (1Y) Calculated over the trailing 1-year period	39.55%	11.09%	+28.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.27%	11.43%	+30.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.27%	11.43%	+30.84%

LFGY vs. WDTE - Expense Ratio Comparison

LFGY has a 1.02% expense ratio, which is higher than WDTE's 1.01% expense ratio.

Dividends

LFGY vs. WDTE - Dividend Comparison

LFGY's dividend yield for the trailing twelve months is around 85.09%, more than WDTE's 32.91% yield.

Position	TTM	2025	2024	2023
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF	85.09%	94.90%	0.00%	0.00%
WDTE Defiance S&P 500 Enhanced Options & 0DTE Income ETF	32.91%	35.78%	51.80%	16.41%

Frequently Asked Questions

Can I hold both LFGY and WDTE in my portfolio?

LFGY and WDTE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LFGY or WDTE?

LFGY has higher volatility (11.39%) compared to WDTE (2.64%). In terms of maximum drawdown, LFGY dropped -35.94% vs WDTE's -15.85%.

Which ETF is better, LFGY or WDTE?

On 1-year performance, WDTE leads with 16.38% vs -9.94% for LFGY. On fees, WDTE is cheaper at 1.01% per year. On volatility, WDTE has been the lower-risk option at 2.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LFGY or WDTE?

Over the 1-year period, WDTE has performed better with a 16.38% return vs -9.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LFGY or WDTE?

WDTE is cheaper with a 1.01% expense ratio, compared with 1.02% for LFGY.

Which ETF pays a higher dividend yield, LFGY or WDTE?

LFGY has the higher dividend yield at 85.09%, compared with 32.91% for WDTE.

What is the main difference between LFGY and WDTE?

They also come from different issuers: YieldMax and Defiance. Their fees differ too: 1.02% for LFGY and 1.01% for WDTE.

Which has better risk-adjusted returns?

WDTE currently has the higher Sharpe Ratio (1.49 vs -0.25), 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.