WNTR vs. MSTR
WNTR (YieldMax MSTR Short Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while MSTR (Strategy Inc) is a stock. Over the past year, WNTR returned 106.98% vs -74.91% for MSTR. Their -0.97 correlation means they have often moved in opposite directions in the past.
Performance
WNTR vs. MSTR - Performance Comparison
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Returns By Period
In the year-to-date period, WNTR achieves a 7.92% return, which is significantly higher than MSTR's -35.74% return.
WNTR
- 1D
- -2.34%
- 1M
- 5.36%
- 6M
- 2.42%
- YTD
- 7.92%
- 1Y
- 106.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 44.62%
MSTR
- 1D
- 2.94%
- 1M
- -3.10%
- 6M
- -26.72%
- YTD
- -35.74%
- 1Y
- -74.91%
- 3Y*
- 37.34%
- 5Y*
- 6.41%
- 10Y*
- 19.36%
- ALL TIME*
- 9.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MSTR Strategy Inc | $1.45B | $1.54B | $2.37B |
| $3.95M | $3.66M | $3.95M |
WNTR vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WNTR YieldMax MSTR Short Option Income Strategy ETF | 7.92% | 52.78% |
MSTR Strategy Inc | -35.74% | -53.86% |
Correlation
The correlation between WNTR and MSTR is -0.97, 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. | -0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.97 |
The correlation between WNTR and MSTR has been stable across timeframes, ranging from -0.97 to -0.97 - a consistent structural relationship.
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Return for Risk
WNTR vs. MSTR — Risk / Return Rank
WNTR
MSTR
WNTR vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MSTR Short Option Income Strategy ETF (WNTR) and Strategy Inc (MSTR). 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 | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.98 | ||
| Sortino ratioReturn per unit of downside risk | +4.35 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.79 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | -0.94 | +3.47 |
| Martin ratioReturn relative to average drawdown | 6.38 | -1.34 | +7.71 |
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Drawdowns
WNTR vs. MSTR - Drawdown Comparison
The maximum WNTR drawdown since its inception was -42.65%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for WNTR and MSTR.
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Drawdown Indicators
| WNTR | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.65% | -99.86% | +57.21% |
Max Drawdown (1Y)Largest decline over 1 year | -42.65% | -79.53% | +36.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -82.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.27% | — |
Current DrawdownCurrent decline from peak | -11.95% | -79.39% | +67.44% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -86.42% | +66.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.84% | 56.04% | -39.20% |
Volatility
WNTR vs. MSTR - Volatility Comparison
The current volatility for YieldMax MSTR Short Option Income Strategy ETF (WNTR) is 13.23%, while Strategy Inc (MSTR) has a volatility of 17.20%. This indicates that WNTR experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WNTR | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.23% | 17.20% | -3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 46.95% | 60.13% | -13.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.62% | 74.85% | -20.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.31% | 89.93% | -36.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.31% | 74.36% | -21.05% |
Dividends
WNTR vs. MSTR - Dividend Comparison
WNTR's dividend yield for the trailing twelve months is around 109.83%, while MSTR has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
MSTR Strategy Inc | 0.00% | 0.00% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 109.83% | 58.56% |
Frequently Asked Questions
WNTR and MSTR have a correlation of -0.97, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (17.20%) compared to WNTR (13.23%). In terms of maximum drawdown, WNTR dropped -42.65% vs MSTR's -99.86%.
WNTR currently has the higher Sharpe Ratio (1.97 vs -1.01), 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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