WLDR vs. WNTR

Last updated Jul 14, 2026

WLDR (Affinity World Leaders Equity ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - WLDR is a Global Equities fund tracking the Thomson Reuters StarMine Affinity World Leaders Index, while WNTR is a Derivative Income fund actively managed by YieldMax. WLDR is passively managed, while WNTR is actively managed. Over the past year, WLDR returned 48.86% vs 120.64% for WNTR. At a correlation of -0.38, they often move in opposite directions. WLDR charges 0.67%/yr vs 1.01%/yr for WNTR.

Performance

WLDR vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Affinity World Leaders Equity ETF (WLDR) 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, WLDR achieves a 27.97% return, which is significantly higher than WNTR's 10.13% return.

WLDR

• 1D: -1.39%
• 1M: -1.46%
• 6M: 23.30%
• YTD: 27.97%
• 1Y: 48.86%
• 3Y*: 29.21%
• 5Y*: 18.29%
• 10Y*: —

WNTR

• 1D: 1.92%
• 1M: 18.08%
• 6M: 14.43%
• YTD: 10.13%
• 1Y: 120.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WLDR vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
WLDR Affinity World Leaders Equity ETF	27.97%	30.75%
WNTR YieldMax Short MSTR Option Income Strategy ETF	10.13%	52.78%

Correlation

The correlation between WLDR and WNTR is -0.37, 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	-0.37
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.38

Return for Risk

WLDR vs. WNTR — Risk / Return Rank

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

WLDR

WLDR Risk / Return Rank: 94
WLDR Sharpe Ratio Rank: 95
WLDR Sortino Ratio Rank: 94
WLDR Omega Ratio Rank: 92
WLDR Calmar Ratio Rank: 94
WLDR Martin Ratio Rank: 94

WNTR

WNTR Risk / Return Rank: 70
WNTR Sharpe Ratio Rank: 88
WNTR Sortino Ratio Rank: 67
WNTR Omega Ratio Rank: 72
WNTR Calmar Ratio Rank: 71
WNTR Martin Ratio Rank: 54

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.

WLDR vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Affinity World Leaders Equity ETF (WLDR) 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.

	WLDR	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	2.89	2.26	+0.63
Sortino ratio: Return per unit of downside risk	3.84	2.47	+1.36
Omega ratio: Gain probability vs. loss probability	1.48	1.34	+0.15
Calmar ratio: Return relative to maximum drawdown	5.54	2.84	+2.70
Martin ratio: Return relative to average drawdown	20.71	7.31	+13.40

WLDR vs. WNTR - Sharpe Ratio Comparison

The current WLDR Sharpe Ratio is 2.89, which is comparable to the WNTR Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of WLDR 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

WLDR vs. WNTR - Drawdown Comparison

The maximum WLDR drawdown since its inception was -44.69%, roughly equal to the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for WLDR and WNTR.

Drawdown Indicators

	WLDR	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-44.69%	-42.65%	-2.04%
Max Drawdown (1Y) Largest decline over 1 year	-8.86%	-42.65%	+33.79%
Max Drawdown (3Y) Largest decline over 3 years	-20.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.77%	—	—
Current Drawdown Current decline from peak	-3.71%	-10.15%	+6.44%
Average Drawdown Average peak-to-trough decline	-8.55%	-20.53%	+11.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	16.58%	-14.21%

Volatility

WLDR vs. WNTR - Volatility Comparison

The current volatility for Affinity World Leaders Equity ETF (WLDR) is 7.61%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 18.84%. This indicates that WLDR 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

	WLDR	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.61%	18.84%	-11.23%
Volatility (6M) Calculated over the trailing 6-month period	14.23%	47.46%	-33.23%
Volatility (1Y) Calculated over the trailing 1-year period	17.01%	53.83%	-36.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.54%	53.56%	-36.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.03%	53.56%	-32.53%

WLDR vs. WNTR - Expense Ratio Comparison

WLDR has a 0.67% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

WLDR vs. WNTR - Dividend Comparison

WLDR's dividend yield for the trailing twelve months is around 7.27%, less than WNTR's 102.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
WLDR Affinity World Leaders Equity ETF	7.27%	9.01%	13.99%	2.28%	2.10%	7.55%	1.80%	2.48%	2.82%
WNTR YieldMax Short MSTR Option Income Strategy ETF	102.14%	58.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WLDR and WNTR in my portfolio?

WLDR and WNTR have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WLDR or WNTR?

WNTR has higher volatility (18.84%) compared to WLDR (7.61%). In terms of maximum drawdown, WLDR dropped -44.69% vs WNTR's -42.65%.

Which ETF is better, WLDR or WNTR?

On 1-year performance, WNTR leads with 120.64% vs 48.86% for WLDR. On fees, WLDR is cheaper at 0.67% per year. On volatility, WLDR has been the lower-risk option at 7.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WLDR or WNTR?

Over the 1-year period, WNTR has performed better with a 120.64% return vs 48.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WLDR or WNTR?

WLDR is cheaper with a 0.67% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 102.14%, compared with 7.27% for WLDR.

What is the main difference between WLDR and WNTR?

WLDR is categorized as Global Equities, while WNTR is Derivative Income. They also come from different issuers: Regents Park Funds and YieldMax. Their fees differ too: 0.67% for WLDR and 1.01% for WNTR.

Which has better risk-adjusted returns?

WLDR currently has the higher Sharpe Ratio (2.89 vs 2.26), 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.