WDTE vs. WNTR

Last updated Aug 4, 2026

WDTE (Defiance S&P 500 Weekly Distribution ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, WDTE returned 18.84% vs 106.92% for WNTR. Their -0.47 correlation means they have often moved in opposite directions in the past. WDTE charges 1.03%/yr vs 1.00%/yr for WNTR.

Performance

WDTE vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance S&P 500 Weekly Distribution ETF (WDTE) 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, WDTE achieves a 11.48% return, which is significantly higher than WNTR's 10.51% return.

WDTE

• 1D: 1.35%
• 1M: 1.73%
• 6M: 9.63%
• YTD: 11.48%
• 1Y: 18.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.37%

WNTR

• 1D: -0.22%
• 1M: 7.89%
• 6M: 8.31%
• YTD: 10.51%
• 1Y: 106.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.29%

*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)
WDTE Defiance S&P 500 Weekly Distribution ETF	$430.65K	$531.30K	$694.88K
WNTR YieldMax MSTR Short Option Income Strategy ETF	$3.92M	$3.66M	$3.95M

WDTE vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
WDTE Defiance S&P 500 Weekly Distribution ETF	11.48%	15.03%
WNTR YieldMax MSTR Short Option Income Strategy ETF	10.51%	52.78%

Correlation

The correlation between WDTE and WNTR is -0.44, 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.	-0.44
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.47

Return for Risk

WDTE vs. WNTR — Risk / Return Rank

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

WDTE

WDTE Risk / Return Rank: 72
WDTE Sharpe Ratio Rank: 72
WDTE Sortino Ratio Rank: 66
WDTE Omega Ratio Rank: 75
WDTE Calmar Ratio Rank: 69
WDTE Martin Ratio Rank: 80

WNTR

WNTR Risk / Return Rank: 69
WNTR Sharpe Ratio Rank: 83
WNTR Sortino Ratio Rank: 67
WNTR Omega Ratio Rank: 71
WNTR Calmar Ratio Rank: 70
WNTR Martin Ratio Rank: 53

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.

WDTE vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance S&P 500 Weekly Distribution ETF (WDTE) 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.

	WDTE	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.97	-0.28
Sortino ratio: Return per unit of downside risk	2.25	2.27	-0.02
Omega ratio: Gain probability vs. loss probability	1.32	1.30	+0.02
Calmar ratio: Return relative to maximum drawdown	2.47	2.52	-0.05
Martin ratio: Return relative to average drawdown	10.83	6.38	+4.45

WDTE vs. WNTR - Sharpe Ratio Comparison

The current WDTE Sharpe Ratio is 1.69, which is comparable to the WNTR Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of WDTE 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

WDTE vs. WNTR - Drawdown Comparison

The maximum WDTE drawdown since its inception was -15.85%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for WDTE and WNTR.

Drawdown Indicators

	WDTE	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-15.85%	-42.65%	+26.80%
Max Drawdown (1Y) Largest decline over 1 year	-7.65%	-42.65%	+35.00%
Current Drawdown Current decline from peak	0.00%	-9.84%	+9.84%
Average Drawdown Average peak-to-trough decline	-1.82%	-20.15%	+18.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	16.83%	-15.09%

Volatility

WDTE vs. WNTR - Volatility Comparison

The current volatility for Defiance S&P 500 Weekly Distribution ETF (WDTE) is 3.11%, while YieldMax MSTR Short Option Income Strategy ETF (WNTR) has a volatility of 13.00%. This indicates that WDTE 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

	WDTE	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.11%	13.00%	-9.89%
Volatility (6M) Calculated over the trailing 6-month period	9.38%	47.22%	-37.84%
Volatility (1Y) Calculated over the trailing 1-year period	11.24%	54.66%	-43.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.44%	53.34%	-41.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.44%	53.34%	-41.90%

WDTE vs. WNTR - Expense Ratio Comparison

WDTE has a 1.03% expense ratio, which is higher than WNTR's 1.00% expense ratio.

Dividends

WDTE vs. WNTR - Dividend Comparison

WDTE's dividend yield for the trailing twelve months is around 32.49%, less than WNTR's 107.26% yield.

Position	TTM	2025	2024	2023
WDTE Defiance S&P 500 Weekly Distribution ETF	32.49%	35.78%	51.80%	16.41%
WNTR YieldMax MSTR Short Option Income Strategy ETF	107.26%	58.56%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WDTE and WNTR in my portfolio?

WDTE and WNTR have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WDTE or WNTR?

WNTR has higher volatility (13.00%) compared to WDTE (3.11%). In terms of maximum drawdown, WDTE dropped -15.85% vs WNTR's -42.65%.

Which ETF is better, WDTE or WNTR?

On 1-year performance, WNTR leads with 106.92% vs 18.84% for WDTE. On fees, WNTR is cheaper at 1.00% per year. On volatility, WDTE has been the lower-risk option at 3.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WDTE or WNTR?

Over the 1-year period, WNTR has performed better with a 106.92% return vs 18.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WDTE or WNTR?

WNTR is cheaper with a 1.00% expense ratio, compared with 1.03% for WDTE.

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

WNTR has the higher dividend yield at 107.26%, compared with 32.49% for WDTE.

What is the main difference between WDTE and WNTR?

They also come from different issuers: Defiance and YieldMax. Their fees differ too: 1.03% for WDTE and 1.00% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (1.97 vs 1.69), 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.