VFMF vs. WNTR

Last updated Jun 25, 2026

VFMF (Vanguard U.S. Multifactor ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - VFMF is a Multi-factor fund actively managed by Vanguard, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, VFMF returned 33.74% vs 97.02% for WNTR. At a correlation of -0.37, they often move in opposite directions. VFMF charges 0.18%/yr vs 1.01%/yr for WNTR.

Performance

VFMF vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard U.S. Multifactor ETF (VFMF) 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, VFMF achieves a 16.90% return, which is significantly higher than WNTR's 10.46% return.

VFMF

• 1D: 0.02%
• 1M: 2.82%
• YTD: 16.90%
• 6M: 15.05%
• 1Y: 33.74%
• 3Y*: 22.48%
• 5Y*: 13.67%
• 10Y*: —

WNTR

• 1D: 6.01%
• 1M: 37.47%
• YTD: 10.46%
• 6M: 14.06%
• 1Y: 97.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VFMF vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
VFMF Vanguard U.S. Multifactor ETF	16.90%	18.74%
WNTR YieldMax Short MSTR Option Income Strategy ETF	10.46%	52.78%

Correlation

The correlation between VFMF and WNTR is -0.32, 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	-0.32
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.37

Return for Risk

VFMF vs. WNTR — Risk / Return Rank

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

VFMF

VFMF Risk / Return Rank: 88
VFMF Sharpe Ratio Rank: 88
VFMF Sortino Ratio Rank: 90
VFMF Omega Ratio Rank: 84
VFMF Calmar Ratio Rank: 89
VFMF Martin Ratio Rank: 89

WNTR

WNTR Risk / Return Rank: 51
WNTR Sharpe Ratio Rank: 63
WNTR Sortino Ratio Rank: 49
WNTR Omega Ratio Rank: 52
WNTR Calmar Ratio Rank: 51
WNTR Martin Ratio Rank: 40

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.

VFMF vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Multifactor ETF (VFMF) 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.

	VFMF	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	2.57	1.85	+0.73
Sortino ratio: Return per unit of downside risk	3.68	2.20	+1.48
Omega ratio: Gain probability vs. loss probability	1.45	1.30	+0.16
Calmar ratio: Return relative to maximum drawdown	4.79	2.29	+2.50
Martin ratio: Return relative to average drawdown	18.00	5.85	+12.15

VFMF vs. WNTR - Sharpe Ratio Comparison

The current VFMF Sharpe Ratio is 2.57, which is higher than the WNTR Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of VFMF 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

VFMF vs. WNTR - Drawdown Comparison

The maximum VFMF drawdown since its inception was -41.34%, roughly equal to the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for VFMF and WNTR.

Drawdown Indicators

	VFMF	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-41.34%	-42.65%	+1.31%
Max Drawdown (1Y) Largest decline over 1 year	-7.08%	-42.65%	+35.57%
Max Drawdown (3Y) Largest decline over 3 years	-20.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.57%	—	—
Current Drawdown Current decline from peak	-0.76%	-9.88%	+9.12%
Average Drawdown Average peak-to-trough decline	-5.70%	-20.93%	+15.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	16.70%	-14.82%

Volatility

VFMF vs. WNTR - Volatility Comparison

The current volatility for Vanguard U.S. Multifactor ETF (VFMF) is 3.52%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 17.54%. This indicates that VFMF experiences smaller price fluctuations and is considered to be less risky than WNTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFMF	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	17.54%	-14.02%
Volatility (6M) Calculated over the trailing 6-month period	9.30%	45.99%	-36.69%
Volatility (1Y) Calculated over the trailing 1-year period	13.18%	52.83%	-39.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.05%	53.10%	-35.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.11%	53.10%	-31.99%

VFMF vs. WNTR - Expense Ratio Comparison

VFMF has a 0.18% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

VFMF vs. WNTR - Dividend Comparison

VFMF's dividend yield for the trailing twelve months is around 1.00%, less than WNTR's 96.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
VFMF Vanguard U.S. Multifactor ETF	1.00%	1.54%	1.60%	1.78%	2.21%	1.39%	1.56%	1.61%	1.22%
WNTR YieldMax Short MSTR Option Income Strategy ETF	96.66%	58.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VFMF and WNTR in my portfolio?

VFMF and WNTR have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VFMF or WNTR?

WNTR has higher volatility (17.54%) compared to VFMF (3.52%). In terms of maximum drawdown, VFMF dropped -41.34% vs WNTR's -42.65%.

Which ETF is better, VFMF or WNTR?

On 1-year performance, WNTR leads with 97.02% vs 33.74% for VFMF. On fees, VFMF is cheaper at 0.18% per year. On volatility, VFMF has been the lower-risk option at 3.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VFMF or WNTR?

Over the 1-year period, WNTR has performed better with a 97.02% return vs 33.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VFMF or WNTR?

VFMF is cheaper with a 0.18% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 96.66%, compared with 1.00% for VFMF.

What is the main difference between VFMF and WNTR?

VFMF is categorized as Multi-factor, while WNTR is Derivative Income. They also come from different issuers: Vanguard and YieldMax. Their fees differ too: 0.18% for VFMF and 1.01% for WNTR.

Which has better risk-adjusted returns?

VFMF currently has the higher Sharpe Ratio (2.57 vs 1.85), 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.