WNTR vs. MSTR
WNTR (YieldMax Short MSTR 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 119.74% vs -78.36% for MSTR. At a correlation of -0.97, they often move in opposite directions.
Performance
WNTR vs. MSTR - Performance Comparison
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Returns By Period
In the year-to-date period, WNTR achieves a 5.96% return, which is significantly higher than MSTR's -35.78% return.
WNTR
- 1D
- -3.79%
- 1M
- 13.60%
- 6M
- 16.72%
- YTD
- 5.96%
- 1Y
- 119.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTR
- 1D
- 5.95%
- 1M
- -21.29%
- 6M
- -43.59%
- YTD
- -35.78%
- 1Y
- -78.36%
- 3Y*
- 28.60%
- 5Y*
- 12.52%
- 10Y*
- 17.95%
WNTR vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WNTR YieldMax Short MSTR Option Income Strategy ETF | 5.96% | 52.78% |
MSTR Strategy Inc | -35.78% | -53.86% |
Correlation
The correlation between WNTR and MSTR is -0.97, 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 | -0.97 |
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 Short MSTR 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 | +3.30 | ||
| Sortino ratioReturn per unit of downside risk | +4.80 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.76 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | -0.96 | +3.78 |
| Martin ratioReturn relative to average drawdown | 7.24 | -1.37 | +8.61 |
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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% | -81.95% | +39.30% |
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 | -13.55% | -79.41% | +65.86% |
Average DrawdownAverage peak-to-trough decline | -20.51% | -86.43% | +65.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.60% | 57.39% | -40.79% |
Volatility
WNTR vs. MSTR - Volatility Comparison
The current volatility for YieldMax Short MSTR Option Income Strategy ETF (WNTR) is 19.07%, while Strategy Inc (MSTR) has a volatility of 27.16%. 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 | 19.07% | 27.16% | -8.09% |
Volatility (6M)Calculated over the trailing 6-month period | 47.38% | 61.12% | -13.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.89% | 74.42% | -20.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.60% | 90.80% | -37.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.60% | 74.26% | -20.66% |
Dividends
WNTR vs. MSTR - Dividend Comparison
WNTR's dividend yield for the trailing twelve months is around 106.17%, while MSTR has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
MSTR Strategy Inc | 0.00% | 0.00% |
WNTR YieldMax Short MSTR Option Income Strategy ETF | 106.17% | 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 (27.16%) compared to WNTR (19.07%). In terms of maximum drawdown, WNTR dropped -42.65% vs MSTR's -99.86%.
WNTR currently has the higher Sharpe Ratio (2.24 vs -1.06), 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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