SHOC vs. WNTR

Last updated Jul 12, 2026

SHOC (Strive U.S. Semiconductor ETF) and WNTR (YieldMax Short MSTR 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 107.46% vs 116.49% for WNTR. At a correlation of -0.34, they often move in opposite directions. SHOC charges 0.40%/yr vs 1.01%/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 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, SHOC achieves a 65.08% return, which is significantly higher than WNTR's 8.06% return.

SHOC

• 1D: 0.57%
• 1M: -1.46%
• 6M: 53.84%
• YTD: 65.08%
• 1Y: 107.46%
• 3Y*: 49.17%
• 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)

SHOC vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
SHOC Strive U.S. Semiconductor ETF	65.08%	64.61%
WNTR YieldMax Short MSTR Option Income Strategy ETF	8.06%	52.78%

Correlation

The correlation between SHOC and WNTR is -0.31, 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	-0.31
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.34

Return for Risk

SHOC vs. WNTR — Risk / Return Rank

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

SHOC

SHOC Risk / Return Rank: 92
SHOC Sharpe Ratio Rank: 94
SHOC Sortino Ratio Rank: 87
SHOC Omega Ratio Rank: 88
SHOC Calmar Ratio Rank: 96
SHOC Martin Ratio Rank: 95

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.

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 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.

	SHOC	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	2.87	2.06	+0.81
Sortino ratio: Return per unit of downside risk	3.12	2.34	+0.78
Omega ratio: Gain probability vs. loss probability	1.43	1.32	+0.11
Calmar ratio: Return relative to maximum drawdown	7.40	2.60	+4.79
Martin ratio: Return relative to average drawdown	23.33	6.69	+16.64

SHOC vs. WNTR - Sharpe Ratio Comparison

The current SHOC Sharpe Ratio is 2.87, which is higher than the WNTR Sharpe Ratio of 2.06. 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	-14.59%	-42.65%	+28.06%
Max Drawdown (3Y) Largest decline over 3 years	-37.54%	—	—
Current Drawdown Current decline from peak	-9.14%	-11.84%	+2.70%
Average Drawdown Average peak-to-trough decline	-7.45%	-20.57%	+13.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.62%	16.58%	-11.96%

Volatility

SHOC vs. WNTR - Volatility Comparison

Strive U.S. Semiconductor ETF (SHOC) and YieldMax Short MSTR Option Income Strategy ETF (WNTR) have volatilities of 19.18% and 18.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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	19.18%	18.80%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	31.55%	47.57%	-16.02%
Volatility (1Y) Calculated over the trailing 1-year period	37.60%	53.81%	-16.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.41%	53.62%	-17.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.41%	53.62%	-17.21%

SHOC vs. WNTR - Expense Ratio Comparison

SHOC has a 0.40% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

SHOC vs. WNTR - Dividend Comparison

SHOC's dividend yield for the trailing twelve months is around 0.12%, less than WNTR's 104.11% yield.

Position	TTM	2025	2024	2023	2022
SHOC Strive U.S. Semiconductor ETF	0.12%	0.23%	0.35%	0.65%	0.24%
WNTR YieldMax Short MSTR Option Income Strategy ETF	104.11%	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 -0.31, 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 (19.18%) compared to WNTR (18.80%). 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 116.49% vs 107.46% for SHOC. On fees, SHOC is cheaper at 0.40% per year. On volatility, WNTR has been the lower-risk option at 18.80%. 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 116.49% return vs 107.46%. 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 1.01% for WNTR.

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

WNTR has the higher dividend yield at 104.11%, compared with 0.12% 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 1.01% for WNTR.

Which has better risk-adjusted returns?

SHOC currently has the higher Sharpe Ratio (2.87 vs 2.06), 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.