YINN vs. WNTR

Last updated Jul 16, 2026

YINN (Direxion Daily China 3x Bull Shares) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - YINN is a China Equities fund tracking the FTSE China 50 Index (300%), while WNTR is a Derivative Income fund actively managed by YieldMax. YINN is passively managed, while WNTR is actively managed. Over the past year, YINN returned -36.89% vs 117.98% for WNTR. At a correlation of -0.29, they often move in opposite directions. YINN charges 1.52%/yr vs 1.01%/yr for WNTR.

Performance

YINN vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily China 3x Bull Shares (YINN) 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, YINN achieves a -35.64% return, which is significantly lower than WNTR's 6.35% return.

YINN

• 1D: 4.55%
• 1M: -8.89%
• 6M: -42.95%
• YTD: -35.64%
• 1Y: -36.89%
• 3Y*: -8.66%
• 5Y*: -38.06%
• 10Y*: -20.77%

WNTR

• 1D: 0.37%
• 1M: 20.43%
• 6M: 21.18%
• YTD: 6.35%
• 1Y: 117.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YINN vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
YINN Direxion Daily China 3x Bull Shares	-35.64%	-0.27%
WNTR YieldMax Short MSTR Option Income Strategy ETF	6.35%	52.78%

Correlation

The correlation between YINN and WNTR is -0.29, 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	-0.29
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.29

Return for Risk

YINN vs. WNTR — Risk / Return Rank

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

YINN

YINN Risk / Return Rank: 4
YINN Sharpe Ratio Rank: 4
YINN Sortino Ratio Rank: 5
YINN Omega Ratio Rank: 5
YINN Calmar Ratio Rank: 4
YINN Martin Ratio Rank: 3

WNTR

WNTR Risk / Return Rank: 69
WNTR Sharpe Ratio Rank: 86
WNTR Sortino Ratio Rank: 66
WNTR Omega Ratio Rank: 70
WNTR Calmar Ratio Rank: 69
WNTR Martin Ratio Rank: 51

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.

YINN vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily China 3x Bull Shares (YINN) 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.

	YINN	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	2.21	-2.83
Sortino ratio: Return per unit of downside risk	-0.67	2.44	-3.10
Omega ratio: Gain probability vs. loss probability	0.92	1.33	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.60	2.78	-3.38
Martin ratio: Return relative to average drawdown	-1.22	7.13	-8.35

YINN vs. WNTR - Sharpe Ratio Comparison

The current YINN Sharpe Ratio is -0.62, which is lower than the WNTR Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of YINN 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

YINN vs. WNTR - Drawdown Comparison

The maximum YINN drawdown since its inception was -98.87%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for YINN and WNTR.

Drawdown Indicators

	YINN	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-98.87%	-42.65%	-56.22%
Max Drawdown (1Y) Largest decline over 1 year	-61.64%	-42.65%	-18.99%
Max Drawdown (3Y) Largest decline over 3 years	-69.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-95.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-98.59%	—	—
Current Drawdown Current decline from peak	-97.72%	-13.23%	-84.49%
Average Drawdown Average peak-to-trough decline	-68.66%	-20.49%	-48.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.24%	16.62%	+13.62%

Volatility

YINN vs. WNTR - Volatility Comparison

Direxion Daily China 3x Bull Shares (YINN) and YieldMax Short MSTR Option Income Strategy ETF (WNTR) have volatilities of 18.79% and 18.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YINN	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.79%	18.90%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	42.66%	47.35%	-4.69%
Volatility (1Y) Calculated over the trailing 1-year period	59.57%	53.75%	+5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.21%	53.51%	+40.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.55%	53.51%	+28.04%

YINN vs. WNTR - Expense Ratio Comparison

YINN has a 1.52% expense ratio, which is higher than WNTR's 1.01% expense ratio.

Dividends

YINN vs. WNTR - Dividend Comparison

YINN's dividend yield for the trailing twelve months is around 1.39%, less than WNTR's 105.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
WNTR YieldMax Short MSTR Option Income Strategy ETF	105.78%	58.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YINN Direxion Daily China 3x Bull Shares	1.39%	1.12%	1.81%	4.17%	1.16%	0.73%	0.76%	1.38%	1.02%	1.11%

Frequently Asked Questions

Can I hold both YINN and WNTR in my portfolio?

YINN and WNTR have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YINN or WNTR?

WNTR has higher volatility (18.90%) compared to YINN (18.79%). In terms of maximum drawdown, YINN dropped -98.87% vs WNTR's -42.65%.

Which ETF is better, YINN or WNTR?

On 1-year performance, WNTR leads with 117.98% vs -36.89% for YINN. On fees, WNTR is cheaper at 1.01% per year. On volatility, YINN has been the lower-risk option at 18.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YINN or WNTR?

Over the 1-year period, WNTR has performed better with a 117.98% return vs -36.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YINN or WNTR?

WNTR is cheaper with a 1.01% expense ratio, compared with 1.52% for YINN.

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

WNTR has the higher dividend yield at 105.78%, compared with 1.39% for YINN.

What is the main difference between YINN and WNTR?

YINN is categorized as China Equities, while WNTR is Derivative Income. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 1.52% for YINN and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.21 vs -0.62), 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.