URNM vs. WNTR

Last updated Jun 26, 2026

URNM (Sprott Uranium Miners ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - URNM is a Uranium fund tracking the VettaFi Global Uranium Miners Index, while WNTR is a Derivative Income fund actively managed by YieldMax. URNM is passively managed, while WNTR is actively managed. Over the past year, URNM returned 19.11% vs 115.98% for WNTR. At a correlation of -0.32, they often move in opposite directions. URNM charges 0.85%/yr vs 1.01%/yr for WNTR.

Performance

URNM vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Uranium Miners ETF (URNM) 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, URNM achieves a -2.97% return, which is significantly lower than WNTR's 17.65% return.

URNM

• 1D: -1.90%
• 1M: -12.52%
• YTD: -2.97%
• 6M: -5.87%
• 1Y: 19.11%
• 3Y*: 21.25%
• 5Y*: 14.14%
• 10Y*: —

WNTR

• 1D: 6.51%
• 1M: 45.64%
• YTD: 17.65%
• 6M: 21.49%
• 1Y: 115.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

URNM vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
URNM Sprott Uranium Miners ETF	-2.97%	65.21%
WNTR YieldMax Short MSTR Option Income Strategy ETF	17.65%	52.78%

Correlation

The correlation between URNM and WNTR is -0.34, 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	-0.34
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.32

Return for Risk

URNM vs. WNTR — Risk / Return Rank

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

URNM

URNM Risk / Return Rank: 15
URNM Sharpe Ratio Rank: 14
URNM Sortino Ratio Rank: 17
URNM Omega Ratio Rank: 16
URNM Calmar Ratio Rank: 15
URNM Martin Ratio Rank: 14

WNTR

WNTR Risk / Return Rank: 63
WNTR Sharpe Ratio Rank: 80
WNTR Sortino Ratio Rank: 60
WNTR Omega Ratio Rank: 64
WNTR Calmar Ratio Rank: 64
WNTR Martin Ratio Rank: 47

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.

URNM vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Uranium Miners ETF (URNM) 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.

	URNM	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	0.37	2.20	-1.83
Sortino ratio: Return per unit of downside risk	0.89	2.46	-1.57
Omega ratio: Gain probability vs. loss probability	1.10	1.33	-0.23
Calmar ratio: Return relative to maximum drawdown	0.50	2.73	-2.24
Martin ratio: Return relative to average drawdown	1.14	6.99	-5.85

URNM vs. WNTR - Sharpe Ratio Comparison

The current URNM Sharpe Ratio is 0.37, which is lower than the WNTR Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of URNM 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

URNM vs. WNTR - Drawdown Comparison

The maximum URNM drawdown since its inception was -50.78%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for URNM and WNTR.

Drawdown Indicators

	URNM	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-50.78%	-42.65%	-8.13%
Max Drawdown (1Y) Largest decline over 1 year	-38.72%	-42.65%	+3.93%
Max Drawdown (3Y) Largest decline over 3 years	-50.78%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-50.78%	—	—
Current Drawdown Current decline from peak	-36.59%	-4.02%	-32.57%
Average Drawdown Average peak-to-trough decline	-18.16%	-20.87%	+2.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.85%	16.66%	+0.19%

Volatility

URNM vs. WNTR - Volatility Comparison

Sprott Uranium Miners ETF (URNM) and YieldMax Short MSTR Option Income Strategy ETF (WNTR) have volatilities of 17.44% and 18.14%, 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

	URNM	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.44%	18.14%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	41.53%	46.41%	-4.88%
Volatility (1Y) Calculated over the trailing 1-year period	52.39%	53.16%	-0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.57%	53.31%	-4.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.02%	53.31%	-6.29%

URNM vs. WNTR - Expense Ratio Comparison

URNM has a 0.85% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

URNM vs. WNTR - Dividend Comparison

URNM's dividend yield for the trailing twelve months is around 3.27%, less than WNTR's 94.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
URNM Sprott Uranium Miners ETF	3.27%	3.18%	3.18%	3.63%	0.00%	6.70%	2.57%
WNTR YieldMax Short MSTR Option Income Strategy ETF	94.34%	58.56%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both URNM and WNTR in my portfolio?

URNM and WNTR have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URNM or WNTR?

WNTR has higher volatility (18.14%) compared to URNM (17.44%). In terms of maximum drawdown, URNM dropped -50.78% vs WNTR's -42.65%.

Which ETF is better, URNM or WNTR?

On 1-year performance, WNTR leads with 115.98% vs 19.11% for URNM. On fees, URNM is cheaper at 0.85% per year. On volatility, URNM has been the lower-risk option at 17.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URNM or WNTR?

Over the 1-year period, WNTR has performed better with a 115.98% return vs 19.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URNM or WNTR?

URNM is cheaper with a 0.85% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 94.34%, compared with 3.27% for URNM.

What is the main difference between URNM and WNTR?

URNM is categorized as Uranium, while WNTR is Derivative Income. They also come from different issuers: Sprott and YieldMax. Their fees differ too: 0.85% for URNM and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.20 vs 0.37), 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.