ROCQ vs. WNTR

Last updated Aug 6, 2026

ROCQ (JPMorgan Nasdaq Equity Premium Yield ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - ROCQ is a Nasdaq-100 fund actively managed by JPMorgan, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Their -0.52 correlation means they have often moved in opposite directions in the past. ROCQ charges 0.35%/yr vs 1.00%/yr for WNTR.

Performance

ROCQ vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ) and YieldMax MSTR Short Option Income Strategy ETF (WNTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ROCQ

• 1D: -0.23%
• 1M: -0.06%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

WNTR

• 1D: -1.10%
• 1M: 5.18%
• 6M: -1.23%
• YTD: 6.73%
• 1Y: 100.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 43.34%

*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)
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	$14.07M	$10.89M	$11.61M
WNTR YieldMax MSTR Short Option Income Strategy ETF	$4.24M	$3.75M	$3.99M

ROCQ vs. WNTR - Yearly Performance Comparison

	2026 (YTD)
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	16.68%
WNTR YieldMax MSTR Short Option Income Strategy ETF	8.55%

Correlation

The correlation between ROCQ 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 Mar 19, 2026	-0.52

Return for Risk

ROCQ vs. WNTR — Risk / Return Rank

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

ROCQ

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

WNTR

WNTR Risk / Return Rank: 58
WNTR Sharpe Ratio Rank: 70
WNTR Sortino Ratio Rank: 55
WNTR Omega Ratio Rank: 58
WNTR Calmar Ratio Rank: 58
WNTR Martin Ratio Rank: 46

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.

ROCQ vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ) 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.

	ROCQ	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.85	—
Sortino ratio: Return per unit of downside risk	—	2.18	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.36	—
Martin ratio: Return relative to average drawdown	—	5.96	—

Drawdowns

ROCQ vs. WNTR - Drawdown Comparison

The maximum ROCQ drawdown since its inception was -8.05%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for ROCQ and WNTR.

Drawdown Indicators

	ROCQ	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-8.05%	-42.65%	+34.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.65%	—
Current Drawdown Current decline from peak	-1.67%	-12.93%	+11.26%
Average Drawdown Average peak-to-trough decline	-1.58%	-20.10%	+18.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.86%	—

Volatility

Volatility by Period

	ROCQ	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.93%	54.57%	-34.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.93%	53.24%	-33.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.93%	53.24%	-33.31%

ROCQ vs. WNTR - Expense Ratio Comparison

ROCQ has a 0.35% expense ratio, which is lower than WNTR's 1.00% expense ratio.

Dividends

ROCQ vs. WNTR - Dividend Comparison

ROCQ's dividend yield for the trailing twelve months is around 4.31%, less than WNTR's 111.06% yield.

Position	TTM	2025
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	4.31%	0.00%
WNTR YieldMax MSTR Short Option Income Strategy ETF	111.06%	58.56%

Frequently Asked Questions

Can I hold both ROCQ and WNTR in my portfolio?

ROCQ 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, ROCQ or WNTR?

On fees, ROCQ is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ROCQ or WNTR?

ROCQ is cheaper with a 0.35% expense ratio, compared with 1.00% for WNTR.

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

WNTR has the higher dividend yield at 111.06%, compared with 4.31% for ROCQ.

What is the main difference between ROCQ and WNTR?

ROCQ is categorized as Nasdaq-100, while WNTR is Derivative Income. They also come from different issuers: JPMorgan and YieldMax. Their fees differ too: 0.35% for ROCQ and 1.00% for WNTR.