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 117.98% vs -45.20% for BTC-USD. At a correlation of -0.59, 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 6.35% return, which is significantly higher than BTC-USD's -26.24% return.
WNTR
- 1D
- 0.37%
- 1M
- 20.43%
- 6M
- 21.18%
- YTD
- 6.35%
- 1Y
- 117.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -0.69%
- 1M
- -2.62%
- 6M
- -33.43%
- YTD
- -26.24%
- 1Y
- -45.20%
- 3Y*
- 28.74%
- 5Y*
- 15.51%
- 10Y*
- 57.66%
WNTR vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WNTR YieldMax Short MSTR Option Income Strategy ETF | 6.35% | 52.78% |
BTC-USD Bitcoin | -26.24% | 0.66% |
Correlation
The correlation between WNTR and BTC-USD is -0.63, 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 | -0.63 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.59 |
The correlation between WNTR and BTC-USD has been stable across timeframes, ranging from -0.63 to -0.59 - 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.
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.
| WNTR | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.26 | ||
| Sortino ratioReturn per unit of downside risk | +4.01 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.84 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | -0.85 | +3.63 |
| Martin ratioReturn relative to average drawdown | 7.13 | -1.38 | +8.50 |
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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% | -53.08% | +10.43% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.08% | — |
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 | -13.23% | -48.25% | +35.02% |
Average DrawdownAverage peak-to-trough decline | -20.49% | -42.57% | +22.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.62% | 29.20% | -12.58% |
Volatility
WNTR vs. BTC-USD - Volatility Comparison
YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a higher volatility of 18.90% compared to Bitcoin (BTC-USD) at 9.75%. 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 | 18.90% | 9.75% | +9.15% |
Volatility (6M)Calculated over the trailing 6-month period | 47.35% | 34.90% | +12.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.75% | 35.75% | +18.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.51% | 43.96% | +9.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.51% | 56.34% | -2.83% |
Frequently Asked Questions
WNTR and BTC-USD have a correlation of -0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WNTR has higher volatility (18.90%) compared to BTC-USD (9.75%). In terms of maximum drawdown, WNTR dropped -42.65% vs BTC-USD's -85.30%.
WNTR currently has the higher Sharpe Ratio (2.21 vs -1.05), 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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