VPL vs. WNTR

Last updated Jul 9, 2026

VPL (Vanguard FTSE Pacific ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - VPL is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific Index, while WNTR is a Derivative Income fund actively managed by YieldMax. VPL is passively managed, while WNTR is actively managed. Over the past year, VPL returned 42.72% vs 101.27% for WNTR. At a correlation of -0.32, they often move in opposite directions. VPL charges 0.08%/yr vs 1.01%/yr for WNTR.

Performance

VPL vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Pacific ETF (VPL) 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, VPL achieves a 24.00% return, which is significantly higher than WNTR's 7.88% return.

VPL

• 1D: -0.17%
• 1M: 0.45%
• 6M: 19.87%
• YTD: 24.00%
• 1Y: 42.72%
• 3Y*: 21.23%
• 5Y*: 9.65%
• 10Y*: 10.23%

WNTR

• 1D: 2.46%
• 1M: 20.59%
• 6M: 11.69%
• YTD: 7.88%
• 1Y: 101.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VPL vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
VPL Vanguard FTSE Pacific ETF	24.00%	25.95%
WNTR YieldMax Short MSTR Option Income Strategy ETF	7.88%	52.78%

Correlation

The correlation between VPL 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	-0.32

Return for Risk

VPL vs. WNTR — Risk / Return Rank

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

VPL

VPL Risk / Return Rank: 73
VPL Sharpe Ratio Rank: 73
VPL Sortino Ratio Rank: 65
VPL Omega Ratio Rank: 74
VPL Calmar Ratio Rank: 77
VPL Martin Ratio Rank: 77

WNTR

WNTR Risk / Return Rank: 58
WNTR Sharpe Ratio Rank: 72
WNTR Sortino Ratio Rank: 56
WNTR Omega Ratio Rank: 59
WNTR Calmar Ratio Rank: 59
WNTR Martin Ratio Rank: 44

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.

VPL vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Pacific ETF (VPL) 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.

	VPL	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.89	+0.01
Sortino ratio: Return per unit of downside risk	2.48	2.22	+0.26
Omega ratio: Gain probability vs. loss probability	1.36	1.30	+0.06
Calmar ratio: Return relative to maximum drawdown	3.22	2.39	+0.83
Martin ratio: Return relative to average drawdown	11.70	6.14	+5.56

VPL vs. WNTR - Sharpe Ratio Comparison

The current VPL Sharpe Ratio is 1.90, which is comparable to the WNTR Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of VPL 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

VPL vs. WNTR - Drawdown Comparison

The maximum VPL drawdown since its inception was -55.49%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for VPL and WNTR.

Drawdown Indicators

	VPL	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-55.49%	-42.65%	-12.84%
Max Drawdown (1Y) Largest decline over 1 year	-13.33%	-42.65%	+29.32%
Max Drawdown (3Y) Largest decline over 3 years	-16.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.09%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.90%	—	—
Current Drawdown Current decline from peak	-7.15%	-11.98%	+4.83%
Average Drawdown Average peak-to-trough decline	-11.60%	-20.62%	+9.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	16.62%	-12.96%

Volatility

VPL vs. WNTR - Volatility Comparison

The current volatility for Vanguard FTSE Pacific ETF (VPL) is 10.59%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 21.10%. This indicates that VPL 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

	VPL	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.59%	21.10%	-10.51%
Volatility (6M) Calculated over the trailing 6-month period	20.48%	47.76%	-27.28%
Volatility (1Y) Calculated over the trailing 1-year period	22.63%	53.94%	-31.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.05%	53.79%	-35.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.57%	53.79%	-36.22%

VPL vs. WNTR - Expense Ratio Comparison

VPL has a 0.08% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

VPL vs. WNTR - Dividend Comparison

VPL's dividend yield for the trailing twelve months is around 2.70%, less than WNTR's 100.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VPL Vanguard FTSE Pacific ETF	2.70%	4.01%	3.15%	3.12%	2.75%	3.19%	1.81%	2.84%	3.06%	2.57%	2.65%	2.43%
WNTR YieldMax Short MSTR Option Income Strategy ETF	100.77%	58.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VPL and WNTR in my portfolio?

VPL 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, VPL or WNTR?

WNTR has higher volatility (21.10%) compared to VPL (10.59%). In terms of maximum drawdown, VPL dropped -55.49% vs WNTR's -42.65%.

Which ETF is better, VPL or WNTR?

On 1-year performance, WNTR leads with 101.27% vs 42.72% for VPL. On fees, VPL is cheaper at 0.08% per year. On volatility, VPL has been the lower-risk option at 10.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VPL or WNTR?

Over the 1-year period, WNTR has performed better with a 101.27% return vs 42.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VPL or WNTR?

VPL is cheaper with a 0.08% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 100.77%, compared with 2.70% for VPL.

What is the main difference between VPL and WNTR?

VPL is categorized as Asia Pacific Equities, while WNTR is Derivative Income. They also come from different issuers: Vanguard and YieldMax. Their fees differ too: 0.08% for VPL and 1.01% for WNTR.

Which has better risk-adjusted returns?

VPL currently has the higher Sharpe Ratio (1.90 vs 1.89), 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.