XNTK vs. WNTR

Last updated Jun 25, 2026

XNTK (State Street SPDR NYSE Technology ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - XNTK is a Technology Equities fund tracking the NYSE Technology Index, while WNTR is a Derivative Income fund actively managed by YieldMax. XNTK is passively managed, while WNTR is actively managed. Over the past year, XNTK returned 57.75% vs 97.02% for WNTR. At a correlation of -0.49, they often move in opposite directions. XNTK charges 0.35%/yr vs 1.01%/yr for WNTR.

Performance

XNTK vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR NYSE Technology ETF (XNTK) 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, XNTK achieves a 32.47% return, which is significantly higher than WNTR's 10.46% return.

XNTK

• 1D: -0.19%
• 1M: 5.52%
• YTD: 32.47%
• 6M: 30.27%
• 1Y: 57.75%
• 3Y*: 39.42%
• 5Y*: 19.18%
• 10Y*: 25.64%

WNTR

• 1D: 6.01%
• 1M: 37.47%
• YTD: 10.46%
• 6M: 14.06%
• 1Y: 97.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XNTK vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
XNTK State Street SPDR NYSE Technology ETF	32.47%	38.19%
WNTR YieldMax Short MSTR Option Income Strategy ETF	10.46%	52.78%

Correlation

The correlation between XNTK and WNTR is -0.47, 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	-0.47
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.49

Return for Risk

XNTK vs. WNTR — Risk / Return Rank

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

XNTK

XNTK Risk / Return Rank: 71
XNTK Sharpe Ratio Rank: 77
XNTK Sortino Ratio Rank: 65
XNTK Omega Ratio Rank: 71
XNTK Calmar Ratio Rank: 74
XNTK Martin Ratio Rank: 68

WNTR

WNTR Risk / Return Rank: 51
WNTR Sharpe Ratio Rank: 63
WNTR Sortino Ratio Rank: 49
WNTR Omega Ratio Rank: 52
WNTR Calmar Ratio Rank: 51
WNTR Martin Ratio Rank: 40

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.

XNTK vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR NYSE Technology ETF (XNTK) 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.

	XNTK	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	2.19	1.85	+0.34
Sortino ratio: Return per unit of downside risk	2.67	2.20	+0.47
Omega ratio: Gain probability vs. loss probability	1.37	1.30	+0.08
Calmar ratio: Return relative to maximum drawdown	3.41	2.29	+1.13
Martin ratio: Return relative to average drawdown	11.05	5.85	+5.20

XNTK vs. WNTR - Sharpe Ratio Comparison

The current XNTK Sharpe Ratio is 2.19, which is comparable to the WNTR Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of XNTK 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

XNTK vs. WNTR - Drawdown Comparison

The maximum XNTK drawdown since its inception was -72.38%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for XNTK and WNTR.

Drawdown Indicators

	XNTK	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-72.38%	-42.65%	-29.73%
Max Drawdown (1Y) Largest decline over 1 year	-17.00%	-42.65%	+25.65%
Max Drawdown (3Y) Largest decline over 3 years	-28.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.28%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.28%	—	—
Current Drawdown Current decline from peak	-5.60%	-9.88%	+4.28%
Average Drawdown Average peak-to-trough decline	-21.26%	-20.93%	-0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.24%	16.70%	-11.46%

Volatility

XNTK vs. WNTR - Volatility Comparison

The current volatility for State Street SPDR NYSE Technology ETF (XNTK) is 14.82%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 17.54%. This indicates that XNTK 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

	XNTK	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.82%	17.54%	-2.72%
Volatility (6M) Calculated over the trailing 6-month period	21.98%	45.99%	-24.01%
Volatility (1Y) Calculated over the trailing 1-year period	26.69%	52.83%	-26.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.51%	53.10%	-24.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.91%	53.10%	-26.19%

XNTK vs. WNTR - Expense Ratio Comparison

XNTK has a 0.35% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

XNTK vs. WNTR - Dividend Comparison

XNTK's dividend yield for the trailing twelve months is around 0.15%, less than WNTR's 96.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WNTR YieldMax Short MSTR Option Income Strategy ETF	96.66%	58.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XNTK State Street SPDR NYSE Technology ETF	0.15%	0.23%	0.42%	0.34%	0.85%	0.34%	0.30%	0.61%	29.64%	1.29%	0.81%	0.93%

Frequently Asked Questions

Can I hold both XNTK and WNTR in my portfolio?

XNTK and WNTR have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XNTK or WNTR?

WNTR has higher volatility (17.54%) compared to XNTK (14.82%). In terms of maximum drawdown, XNTK dropped -72.38% vs WNTR's -42.65%.

Which ETF is better, XNTK or WNTR?

On 1-year performance, WNTR leads with 97.02% vs 57.75% for XNTK. On fees, XNTK is cheaper at 0.35% per year. On volatility, XNTK has been the lower-risk option at 14.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XNTK or WNTR?

Over the 1-year period, WNTR has performed better with a 97.02% return vs 57.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XNTK or WNTR?

XNTK is cheaper with a 0.35% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 96.66%, compared with 0.15% for XNTK.

What is the main difference between XNTK and WNTR?

XNTK is categorized as Technology Equities, while WNTR is Derivative Income. They also come from different issuers: State Street and YieldMax. Their fees differ too: 0.35% for XNTK and 1.01% for WNTR.

Which has better risk-adjusted returns?

XNTK currently has the higher Sharpe Ratio (2.19 vs 1.85), 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.