SHOC vs. WNTR

Last updated Aug 2, 2026

SHOC (Strive U.S. Semiconductor ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - SHOC is a Semiconductors fund tracking the Bloomberg US Listed Semiconductors Select Index, while WNTR is a Derivative Income fund actively managed by YieldMax. SHOC is passively managed, while WNTR is actively managed. Over the past year, SHOC returned 85.23% vs 107.38% for WNTR. Their -0.35 correlation means they have often moved in opposite directions in the past. SHOC charges 0.40%/yr vs 1.00%/yr for WNTR.

Performance

SHOC vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive U.S. Semiconductor ETF (SHOC) and YieldMax MSTR Short 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, SHOC achieves a 46.90% return, which is significantly higher than WNTR's 10.75% return.

SHOC

• 1D: 0.16%
• 1M: -7.69%
• 6M: 32.26%
• YTD: 46.90%
• 1Y: 85.23%
• 3Y*: 40.54%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 44.63%

WNTR

• 1D: 3.26%
• 1M: 8.13%
• 6M: 14.92%
• YTD: 10.75%
• 1Y: 107.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.89%

*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)
SHOC Strive U.S. Semiconductor ETF	$1.25M	$1.87M	$2.57M
WNTR YieldMax MSTR Short Option Income Strategy ETF	$4.02M	$3.86M	$3.95M

SHOC vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
SHOC Strive U.S. Semiconductor ETF	46.90%	64.61%
WNTR YieldMax MSTR Short Option Income Strategy ETF	10.75%	52.78%

Correlation

The correlation between SHOC and WNTR is -0.35, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.35
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.35

Return for Risk

SHOC vs. WNTR — Risk / Return Rank

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

SHOC

SHOC Risk / Return Rank: 84
SHOC Sharpe Ratio Rank: 87
SHOC Sortino Ratio Rank: 78
SHOC Omega Ratio Rank: 79
SHOC Calmar Ratio Rank: 86
SHOC Martin Ratio Rank: 89

WNTR

WNTR Risk / Return Rank: 75
WNTR Sharpe Ratio Rank: 88
WNTR Sortino Ratio Rank: 74
WNTR Omega Ratio Rank: 77
WNTR Calmar Ratio Rank: 77
WNTR Martin Ratio Rank: 58

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.

SHOC vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Semiconductor ETF (SHOC) 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.

	SHOC	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	2.07	2.12	-0.04
Sortino ratio: Return per unit of downside risk	2.50	2.37	+0.13
Omega ratio: Gain probability vs. loss probability	1.33	1.32	+0.01
Calmar ratio: Return relative to maximum drawdown	3.29	2.71	+0.58
Martin ratio: Return relative to average drawdown	13.55	6.87	+6.68

SHOC vs. WNTR - Sharpe Ratio Comparison

The current SHOC Sharpe Ratio is 2.07, which is comparable to the WNTR Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of SHOC 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

SHOC vs. WNTR - Drawdown Comparison

The maximum SHOC drawdown since its inception was -37.54%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for SHOC and WNTR.

Drawdown Indicators

	SHOC	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-37.54%	-42.65%	+5.11%
Max Drawdown (1Y) Largest decline over 1 year	-25.20%	-42.65%	+17.45%
Max Drawdown (3Y) Largest decline over 3 years	-37.54%	—	—
Current Drawdown Current decline from peak	-19.15%	-9.64%	-9.51%
Average Drawdown Average peak-to-trough decline	-7.59%	-20.18%	+12.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.11%	16.81%	-10.70%

Volatility

SHOC vs. WNTR - Volatility Comparison

Strive U.S. Semiconductor ETF (SHOC) has a higher volatility of 16.48% compared to YieldMax MSTR Short Option Income Strategy ETF (WNTR) at 14.85%. This indicates that SHOC's price experiences larger fluctuations and is considered to be riskier than WNTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHOC	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.48%	14.85%	+1.63%
Volatility (6M) Calculated over the trailing 6-month period	34.09%	47.43%	-13.34%
Volatility (1Y) Calculated over the trailing 1-year period	40.12%	54.68%	-14.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.87%	53.42%	-16.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.87%	53.42%	-16.55%

SHOC vs. WNTR - Expense Ratio Comparison

SHOC has a 0.40% expense ratio, which is lower than WNTR's 1.00% expense ratio.

Dividends

SHOC vs. WNTR - Dividend Comparison

SHOC's dividend yield for the trailing twelve months is around 0.14%, less than WNTR's 107.02% yield.

Position	TTM	2025	2024	2023	2022
SHOC Strive U.S. Semiconductor ETF	0.14%	0.23%	0.35%	0.65%	0.24%
WNTR YieldMax MSTR Short Option Income Strategy ETF	107.02%	58.56%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SHOC and WNTR in my portfolio?

SHOC and WNTR have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHOC or WNTR?

SHOC has higher volatility (16.48%) compared to WNTR (14.85%). In terms of maximum drawdown, SHOC dropped -37.54% vs WNTR's -42.65%.

Which ETF is better, SHOC or WNTR?

On 1-year performance, WNTR leads with 107.38% vs 85.23% for SHOC. On fees, SHOC is cheaper at 0.40% per year. On volatility, WNTR has been the lower-risk option at 14.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHOC or WNTR?

Over the 1-year period, WNTR has performed better with a 107.38% return vs 85.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHOC or WNTR?

SHOC is cheaper with a 0.40% expense ratio, compared with 1.00% for WNTR.

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

WNTR has the higher dividend yield at 107.02%, compared with 0.14% for SHOC.

What is the main difference between SHOC and WNTR?

SHOC is categorized as Semiconductors, while WNTR is Derivative Income. They also come from different issuers: Strive and YieldMax. Their fees differ too: 0.40% for SHOC and 1.00% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.12 vs 2.07), 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.