WNTR vs. BTC-USD
WNTR (YieldMax Short MSTR Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, WNTR returned 67.27% vs -39.53% for BTC-USD. At a correlation of -0.58, they often move in opposite directions.
Performance
WNTR vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, WNTR achieves a -8.84% return, which is significantly higher than BTC-USD's -27.60% return.
WNTR
- 1D
- -1.46%
- 1M
- 26.14%
- YTD
- -8.84%
- 6M
- 8.17%
- 1Y
- 67.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.08%
- 1M
- -21.71%
- YTD
- -27.60%
- 6M
- -31.22%
- 1Y
- -39.53%
- 3Y*
- 35.01%
- 5Y*
- 12.25%
- 10Y*
- 59.71%
WNTR vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WNTR YieldMax Short MSTR Option Income Strategy ETF | -8.84% | 54.43% |
BTC-USD Bitcoin | -27.60% | 0.32% |
Correlation
The correlation between WNTR and BTC-USD is -0.61, 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 | -0.61 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025 | -0.58 |
The correlation between WNTR and BTC-USD has been stable across timeframes, ranging from -0.61 to -0.58 - a consistent structural relationship.
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Return for Risk
WNTR vs. BTC-USD — Risk / Return Rank
WNTR
BTC-USD
WNTR vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Short MSTR Option Income Strategy ETF (WNTR) and Bitcoin (BTC-USD). 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.
| WNTR | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.26 | ||
| Sortino ratioReturn per unit of downside risk | +3.06 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.87 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | -0.80 | +2.38 |
| Martin ratioReturn relative to average drawdown | 4.19 | -1.39 | +5.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WNTR | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | -0.92 | +2.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.13 | -0.49 |
Drawdowns
WNTR vs. BTC-USD - Drawdown Comparison
The maximum WNTR drawdown since its inception was -42.65%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for WNTR and BTC-USD.
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Drawdown Indicators
| WNTR | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.65% | -85.30% | +42.65% |
Max Drawdown (1Y)Largest decline over 1 year | -42.65% | -49.65% | +7.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -25.63% | -49.21% | +23.58% |
Average DrawdownAverage peak-to-trough decline | -20.99% | -42.28% | +21.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.10% | 33.87% | -17.77% |
Volatility
WNTR vs. BTC-USD - Volatility Comparison
YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a higher volatility of 12.99% compared to Bitcoin (BTC-USD) at 10.14%. This indicates that WNTR's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WNTR | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.99% | 10.14% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 44.23% | 34.17% | +10.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.69% | 35.51% | +15.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.35% | 44.98% | +7.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.35% | 56.69% | -4.34% |
Frequently Asked Questions
WNTR and BTC-USD have a correlation of -0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WNTR has higher volatility (12.99%) compared to BTC-USD (10.14%). In terms of maximum drawdown, WNTR dropped -42.65% vs BTC-USD's -85.30%.
WNTR currently has the higher Sharpe Ratio (1.33 vs -0.92), 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.
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