LITP vs. WNTR

Last updated Jul 3, 2026

LITP (Sprott Lithium Miners ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - LITP is a Lithium & Battery Metals fund tracking the Nasdaq Sprott Lithium Miners Index - Benchmark TR Gross, while WNTR is a Derivative Income fund actively managed by YieldMax. LITP is passively managed, while WNTR is actively managed. Over the past year, LITP returned 117.95% vs 91.95% for WNTR. At a correlation of -0.24, they often move in opposite directions. LITP charges 0.65%/yr vs 1.01%/yr for WNTR.

Performance

LITP vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Lithium Miners ETF (LITP) and YieldMax Short MSTR Option Income Strategy ETF (WNTR). 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 LITP having a 2.42% return and WNTR slightly higher at 2.43%.

LITP

• 1D: -1.09%
• 1M: -24.29%
• 6M: 2.42%
• YTD: 2.42%
• 1Y: 117.95%
• 3Y*: -8.88%
• 5Y*: —
• 10Y*: —

WNTR

• 1D: -6.59%
• 1M: 15.70%
• 6M: 2.43%
• YTD: 2.43%
• 1Y: 91.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LITP vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
LITP Sprott Lithium Miners ETF	2.42%	107.04%
WNTR YieldMax Short MSTR Option Income Strategy ETF	2.43%	52.78%

Correlation

The correlation between LITP and WNTR is -0.21, 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	-0.21
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.24

Return for Risk

LITP vs. WNTR — Risk / Return Rank

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

LITP

LITP Risk / Return Rank: 67
LITP Sharpe Ratio Rank: 74
LITP Sortino Ratio Rank: 64
LITP Omega Ratio Rank: 56
LITP Calmar Ratio Rank: 80
LITP Martin Ratio Rank: 63

WNTR

WNTR Risk / Return Rank: 51
WNTR Sharpe Ratio Rank: 62
WNTR Sortino Ratio Rank: 49
WNTR Omega Ratio Rank: 52
WNTR Calmar Ratio Rank: 52
WNTR Martin Ratio Rank: 41

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.

LITP vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Lithium Miners ETF (LITP) 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.

	LITP	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.72	+0.25
Sortino ratio: Return per unit of downside risk	2.49	2.09	+0.40
Omega ratio: Gain probability vs. loss probability	1.29	1.28	+0.01
Calmar ratio: Return relative to maximum drawdown	3.54	2.17	+1.37
Martin ratio: Return relative to average drawdown	9.45	5.57	+3.88

LITP vs. WNTR - Sharpe Ratio Comparison

The current LITP Sharpe Ratio is 1.97, which is comparable to the WNTR Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of LITP 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

LITP vs. WNTR - Drawdown Comparison

The maximum LITP drawdown since its inception was -74.94%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for LITP and WNTR.

Drawdown Indicators

	LITP	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-74.94%	-42.65%	-32.29%
Max Drawdown (1Y) Largest decline over 1 year	-33.53%	-42.65%	+9.12%
Max Drawdown (3Y) Largest decline over 3 years	-74.31%	—	—
Current Drawdown Current decline from peak	-32.08%	-16.44%	-15.64%
Average Drawdown Average peak-to-trough decline	-42.32%	-20.68%	-21.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.52%	16.56%	-4.04%

Volatility

LITP vs. WNTR - Volatility Comparison

The current volatility for Sprott Lithium Miners ETF (LITP) is 17.92%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 21.44%. This indicates that LITP 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

	LITP	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.92%	21.44%	-3.52%
Volatility (6M) Calculated over the trailing 6-month period	42.10%	47.80%	-5.70%
Volatility (1Y) Calculated over the trailing 1-year period	60.35%	53.98%	+6.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.74%	53.90%	-6.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.74%	53.90%	-6.16%

LITP vs. WNTR - Expense Ratio Comparison

LITP has a 0.65% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

LITP vs. WNTR - Dividend Comparison

LITP's dividend yield for the trailing twelve months is around 7.23%, less than WNTR's 113.05% yield.

Position	TTM	2025	2024	2023
LITP Sprott Lithium Miners ETF	7.23%	7.41%	6.55%	2.80%
WNTR YieldMax Short MSTR Option Income Strategy ETF	113.05%	58.56%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LITP and WNTR in my portfolio?

LITP and WNTR have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LITP or WNTR?

WNTR has higher volatility (21.44%) compared to LITP (17.92%). In terms of maximum drawdown, LITP dropped -74.94% vs WNTR's -42.65%.

Which ETF is better, LITP or WNTR?

On 1-year performance, LITP leads with 117.95% vs 91.95% for WNTR. On fees, LITP is cheaper at 0.65% per year. On volatility, LITP has been the lower-risk option at 17.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LITP or WNTR?

Over the 1-year period, LITP has performed better with a 117.95% return vs 91.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LITP or WNTR?

LITP is cheaper with a 0.65% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 113.05%, compared with 7.23% for LITP.

What is the main difference between LITP and WNTR?

LITP is categorized as Lithium & Battery Metals, while WNTR is Derivative Income. They also come from different issuers: Sprott and YieldMax. Their fees differ too: 0.65% for LITP and 1.01% for WNTR.

Which has better risk-adjusted returns?

LITP currently has the higher Sharpe Ratio (1.97 vs 1.72), 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.