SFYX vs. WNTR

Last updated Jul 15, 2026

SFYX (SoFi Next 500 ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - SFYX is a Mid Cap Growth Equities fund tracking the Solactive SoFi US Next 500 Growth Index, while WNTR is a Derivative Income fund actively managed by YieldMax. SFYX is passively managed, while WNTR is actively managed. At a correlation of -0.33, they often move in opposite directions. SFYX charges 0.00%/yr vs 1.01%/yr for WNTR.

Performance

SFYX vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SoFi Next 500 ETF (SFYX) and YieldMax Short MSTR Option Income Strategy ETF (WNTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SFYX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WNTR

• 1D: -3.79%
• 1M: 13.60%
• 6M: 16.72%
• YTD: 5.96%
• 1Y: 119.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SFYX vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
SFYX SoFi Next 500 ETF	5.66%	18.09%
WNTR YieldMax Short MSTR Option Income Strategy ETF	5.96%	52.78%

Correlation

The correlation between SFYX and WNTR is -0.26, 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	-0.26
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.33

Return for Risk

SFYX vs. WNTR — Risk / Return Rank

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

SFYX

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

WNTR

WNTR Risk / Return Rank: 70
WNTR Sharpe Ratio Rank: 87
WNTR Sortino Ratio Rank: 67
WNTR Omega Ratio Rank: 72
WNTR Calmar Ratio Rank: 71
WNTR Martin Ratio Rank: 53

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.

SFYX vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SoFi Next 500 ETF (SFYX) 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.

	SFYX	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	—	2.24	—
Sortino ratio: Return per unit of downside risk	—	2.46	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	2.82	—
Martin ratio: Return relative to average drawdown	—	7.24	—

Drawdowns

Drawdown Indicators

	SFYX	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	—	-42.65%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-42.65%	—
Current Drawdown Current decline from peak	—	-13.55%	—
Average Drawdown Average peak-to-trough decline	—	-20.51%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.60%	—

Volatility

Volatility by Period

	SFYX	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	47.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	53.89%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	53.60%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	53.60%	—

SFYX vs. WNTR - Expense Ratio Comparison

SFYX has a 0.00% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

SFYX vs. WNTR - Dividend Comparison

SFYX has not paid dividends to shareholders, while WNTR's dividend yield for the trailing twelve months is around 106.17%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
SFYX SoFi Next 500 ETF	0.67%	1.44%	1.25%	1.51%	1.56%	0.90%	1.16%	1.02%
WNTR YieldMax Short MSTR Option Income Strategy ETF	106.17%	58.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SFYX and WNTR in my portfolio?

SFYX and WNTR have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SFYX or WNTR?

On fees, SFYX is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SFYX or WNTR?

SFYX is cheaper with a 0.00% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 106.17%, compared with 0.67% for SFYX.

What is the main difference between SFYX and WNTR?

SFYX is categorized as Mid Cap Growth Equities, while WNTR is Derivative Income. They also come from different issuers: Toroso Investments and YieldMax. Their fees differ too: 0.00% for SFYX and 1.01% for WNTR.