QQQU vs. WNTR

Last updated Jul 12, 2026

QQQU (Direxion Daily Magnificent 7 Bull 2X Shares) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - QQQU is a Leveraged Equities fund tracking the Indxx Magnificent 7 Index (200%), while WNTR is a Derivative Income fund actively managed by YieldMax. QQQU is passively managed, while WNTR is actively managed. Over the past year, QQQU returned 38.06% vs 116.49% for WNTR. At a correlation of -0.45, they often move in opposite directions. QQQU charges 0.98%/yr vs 1.01%/yr for WNTR.

Performance

QQQU vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) 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, QQQU achieves a 0.26% return, which is significantly lower than WNTR's 8.06% return.

QQQU

• 1D: 2.43%
• 1M: 7.72%
• 6M: -0.49%
• YTD: 0.26%
• 1Y: 38.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WNTR

• 1D: -0.43%
• 1M: 15.85%
• 6M: 10.45%
• YTD: 8.06%
• 1Y: 116.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQU vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	0.26%	77.53%
WNTR YieldMax Short MSTR Option Income Strategy ETF	8.06%	52.78%

Correlation

The correlation between QQQU and WNTR is -0.43, 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	-0.43
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.45

Return for Risk

QQQU vs. WNTR — Risk / Return Rank

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

QQQU

QQQU Risk / Return Rank: 29
QQQU Sharpe Ratio Rank: 31
QQQU Sortino Ratio Rank: 31
QQQU Omega Ratio Rank: 30
QQQU Calmar Ratio Rank: 27
QQQU Martin Ratio Rank: 28

WNTR

WNTR Risk / Return Rank: 65
WNTR Sharpe Ratio Rank: 81
WNTR Sortino Ratio Rank: 63
WNTR Omega Ratio Rank: 67
WNTR Calmar Ratio Rank: 65
WNTR Martin Ratio Rank: 49

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.

QQQU vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) 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.

	QQQU	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	0.93	2.06	-1.13
Sortino ratio: Return per unit of downside risk	1.43	2.34	-0.91
Omega ratio: Gain probability vs. loss probability	1.18	1.32	-0.14
Calmar ratio: Return relative to maximum drawdown	1.08	2.60	-1.52
Martin ratio: Return relative to average drawdown	3.07	6.69	-3.61

QQQU vs. WNTR - Sharpe Ratio Comparison

The current QQQU Sharpe Ratio is 0.93, which is lower than the WNTR Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of QQQU 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

QQQU vs. WNTR - Drawdown Comparison

The maximum QQQU drawdown since its inception was -53.70%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for QQQU and WNTR.

Drawdown Indicators

	QQQU	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-53.70%	-42.65%	-11.05%
Max Drawdown (1Y) Largest decline over 1 year	-36.29%	-42.65%	+6.36%
Current Drawdown Current decline from peak	-10.45%	-11.84%	+1.39%
Average Drawdown Average peak-to-trough decline	-13.44%	-20.57%	+7.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.76%	16.58%	-3.82%

Volatility

QQQU vs. WNTR - Volatility Comparison

The current volatility for Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) is 16.53%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 18.80%. This indicates that QQQU 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

	QQQU	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.53%	18.80%	-2.27%
Volatility (6M) Calculated over the trailing 6-month period	32.67%	47.57%	-14.90%
Volatility (1Y) Calculated over the trailing 1-year period	42.25%	53.81%	-11.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.19%	53.62%	-0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.19%	53.62%	-0.43%

QQQU vs. WNTR - Expense Ratio Comparison

QQQU has a 0.98% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

QQQU vs. WNTR - Dividend Comparison

QQQU's dividend yield for the trailing twelve months is around 9.52%, less than WNTR's 104.11% yield.

Position	TTM	2025	2024
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	9.52%	9.62%	2.75%
WNTR YieldMax Short MSTR Option Income Strategy ETF	104.11%	58.56%	0.00%

Frequently Asked Questions

Can I hold both QQQU and WNTR in my portfolio?

QQQU and WNTR have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQU or WNTR?

WNTR has higher volatility (18.80%) compared to QQQU (16.53%). In terms of maximum drawdown, QQQU dropped -53.70% vs WNTR's -42.65%.

Which ETF is better, QQQU or WNTR?

On 1-year performance, WNTR leads with 116.49% vs 38.06% for QQQU. On fees, QQQU is cheaper at 0.98% per year. On volatility, QQQU has been the lower-risk option at 16.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQU or WNTR?

Over the 1-year period, WNTR has performed better with a 116.49% return vs 38.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQU or WNTR?

QQQU is cheaper with a 0.98% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 104.11%, compared with 9.52% for QQQU.

What is the main difference between QQQU and WNTR?

QQQU is categorized as Leveraged Equities, while WNTR is Derivative Income. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 0.98% for QQQU and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.06 vs 0.93), 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.