YMAG.L vs. WINC.L
YMAG.L (YieldMax Big Tech Option Income UCITS ETF) and WINC.L (iShares World Equity High Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - YMAG.L is a Derivative Income fund actively managed by YieldMax, while WINC.L is a Dividend fund actively managed by iShares. Both are actively managed. Over the past year, YMAG.L returned -1.78% vs 21.03% for WINC.L. A 0.53 correlation means they provide meaningful diversification when combined. YMAG.L charges 0.99%/yr vs 0.35%/yr for WINC.L.
Performance
YMAG.L vs. WINC.L - Performance Comparison
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Different Trading Currencies
YMAG.L is traded in USD, while WINC.L is traded in GBP. To make them comparable, the WINC.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, YMAG.L achieves a -1.59% return, which is significantly lower than WINC.L's 9.65% return.
YMAG.L
- 1D
- 0.00%
- 1M
- -0.50%
- 6M
- -0.47%
- YTD
- -1.59%
- 1Y
- -1.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WINC.L
- 1D
- -1.83%
- 1M
- 0.19%
- 6M
- 8.05%
- YTD
- 9.65%
- 1Y
- 21.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YMAG.L vs. WINC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YMAG.L YieldMax Big Tech Option Income UCITS ETF | -1.59% | 23.49% |
WINC.L iShares World Equity High Income Active UCITS ETF USD (Dist) | 9.65% | 20.59% |
Correlation
The correlation between YMAG.L and WINC.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2025 | 0.53 |
The correlation between YMAG.L and WINC.L has been stable across timeframes, ranging from 0.52 to 0.53 - a consistent structural relationship.
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Return for Risk
YMAG.L vs. WINC.L — Risk / Return Rank
YMAG.L
WINC.L
YMAG.L vs. WINC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Big Tech Option Income UCITS ETF (YMAG.L) and iShares World Equity High Income Active UCITS ETF USD (Dist) (WINC.L). 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.
| YMAG.L | WINC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.81 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.35 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 3.00 | -3.08 |
| Martin ratioReturn relative to average drawdown | -0.18 | 12.99 | -13.17 |
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Drawdowns
YMAG.L vs. WINC.L - Drawdown Comparison
The maximum YMAG.L drawdown since its inception was -21.32%, which is greater than WINC.L's maximum drawdown of -15.16%. Use the drawdown chart below to compare losses from any high point for YMAG.L and WINC.L.
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Drawdown Indicators
| YMAG.L | WINC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.32% | -15.16% | -6.16% |
Max Drawdown (1Y)Largest decline over 1 year | -21.32% | -6.98% | -14.34% |
Current DrawdownCurrent decline from peak | -9.75% | -1.83% | -7.92% |
Average DrawdownAverage peak-to-trough decline | -6.35% | -1.47% | -4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.74% | 1.62% | +8.12% |
Volatility
YMAG.L vs. WINC.L - Volatility Comparison
YieldMax Big Tech Option Income UCITS ETF (YMAG.L) has a higher volatility of 6.29% compared to iShares World Equity High Income Active UCITS ETF USD (Dist) (WINC.L) at 3.54%. This indicates that YMAG.L's price experiences larger fluctuations and is considered to be riskier than WINC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YMAG.L | WINC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 3.54% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 15.50% | 8.59% | +6.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.09% | 10.94% | +9.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.05% | 12.65% | +9.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.05% | 12.65% | +9.40% |
YMAG.L vs. WINC.L - Expense Ratio Comparison
YMAG.L has a 0.99% expense ratio, which is higher than WINC.L's 0.35% expense ratio.
Dividends
YMAG.L vs. WINC.L - Dividend Comparison
YMAG.L's dividend yield for the trailing twelve months is around 30.00%, more than WINC.L's 9.95% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
WINC.L iShares World Equity High Income Active UCITS ETF USD (Dist) | 9.95% | 9.75% | 4.72% |
YMAG.L YieldMax Big Tech Option Income UCITS ETF | 30.00% | 17.22% | 0.00% |
Frequently Asked Questions
YMAG.L and WINC.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WINC.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WINC.L is cheaper with a 0.35% expense ratio, compared with 0.99% for YMAG.L.
YMAG.L is categorized as Derivative Income, while WINC.L is Dividend. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for YMAG.L and 0.35% for WINC.L.
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