YOLO vs. WNTR

Last updated Jun 26, 2026

YOLO (AdvisorShares Pure Cannabis ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - YOLO is a Cannabis fund actively managed by AdvisorShares, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, YOLO returned 45.05% vs 115.98% for WNTR. At a correlation of -0.32, they often move in opposite directions. YOLO charges 0.75%/yr vs 1.01%/yr for WNTR.

Performance

YOLO vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Pure Cannabis ETF (YOLO) 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, YOLO achieves a -19.39% return, which is significantly lower than WNTR's 17.65% return.

YOLO

• 1D: 0.76%
• 1M: -8.90%
• YTD: -19.39%
• 6M: -20.60%
• 1Y: 45.05%
• 3Y*: 2.29%
• 5Y*: -32.89%
• 10Y*: —

WNTR

• 1D: 6.51%
• 1M: 45.64%
• YTD: 17.65%
• 6M: 21.49%
• 1Y: 115.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YOLO vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
YOLO AdvisorShares Pure Cannabis ETF	-19.39%	82.32%
WNTR YieldMax Short MSTR Option Income Strategy ETF	17.65%	52.78%

Correlation

The correlation between YOLO and WNTR is -0.31, 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	-0.31
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.32

Return for Risk

YOLO vs. WNTR — Risk / Return Rank

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

YOLO

YOLO Risk / Return Rank: 25
YOLO Sharpe Ratio Rank: 19
YOLO Sortino Ratio Rank: 31
YOLO Omega Ratio Rank: 29
YOLO Calmar Ratio Rank: 25
YOLO Martin Ratio Rank: 19

WNTR

WNTR Risk / Return Rank: 63
WNTR Sharpe Ratio Rank: 80
WNTR Sortino Ratio Rank: 60
WNTR Omega Ratio Rank: 64
WNTR Calmar Ratio Rank: 64
WNTR Martin Ratio Rank: 47

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.

YOLO vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure Cannabis ETF (YOLO) 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.

	YOLO	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	0.60	2.20	-1.59
Sortino ratio: Return per unit of downside risk	1.53	2.46	-0.93
Omega ratio: Gain probability vs. loss probability	1.18	1.33	-0.15
Calmar ratio: Return relative to maximum drawdown	1.10	2.73	-1.63
Martin ratio: Return relative to average drawdown	1.96	6.99	-5.03

YOLO vs. WNTR - Sharpe Ratio Comparison

The current YOLO Sharpe Ratio is 0.60, which is lower than the WNTR Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of YOLO 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

YOLO vs. WNTR - Drawdown Comparison

The maximum YOLO drawdown since its inception was -94.68%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for YOLO and WNTR.

Drawdown Indicators

	YOLO	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-94.68%	-42.65%	-52.03%
Max Drawdown (1Y) Largest decline over 1 year	-41.09%	-42.65%	+1.56%
Max Drawdown (3Y) Largest decline over 3 years	-66.45%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-92.37%	—	—
Current Drawdown Current decline from peak	-90.57%	-4.02%	-86.55%
Average Drawdown Average peak-to-trough decline	-69.08%	-20.87%	-48.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.05%	16.66%	+6.39%

Volatility

YOLO vs. WNTR - Volatility Comparison

The current volatility for AdvisorShares Pure Cannabis ETF (YOLO) is 13.28%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 18.14%. This indicates that YOLO 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

	YOLO	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.28%	18.14%	-4.86%
Volatility (6M) Calculated over the trailing 6-month period	37.37%	46.41%	-9.04%
Volatility (1Y) Calculated over the trailing 1-year period	74.99%	53.16%	+21.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.77%	53.31%	+0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.27%	53.31%	-2.04%

YOLO vs. WNTR - Expense Ratio Comparison

YOLO has a 0.75% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

YOLO vs. WNTR - Dividend Comparison

YOLO has not paid dividends to shareholders, while WNTR's dividend yield for the trailing twelve months is around 94.34%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
WNTR YieldMax Short MSTR Option Income Strategy ETF	94.34%	58.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YOLO AdvisorShares Pure Cannabis ETF	0.00%	0.00%	3.57%	1.17%	0.55%	3.93%	2.03%	4.52%

Frequently Asked Questions

Can I hold both YOLO and WNTR in my portfolio?

YOLO and WNTR have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YOLO or WNTR?

WNTR has higher volatility (18.14%) compared to YOLO (13.28%). In terms of maximum drawdown, YOLO dropped -94.68% vs WNTR's -42.65%.

Which ETF is better, YOLO or WNTR?

On 1-year performance, WNTR leads with 115.98% vs 45.05% for YOLO. On fees, YOLO is cheaper at 0.75% per year. On volatility, YOLO has been the lower-risk option at 13.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YOLO or WNTR?

Over the 1-year period, WNTR has performed better with a 115.98% return vs 45.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YOLO or WNTR?

YOLO is cheaper with a 0.75% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 94.34%, compared with 0.00% for YOLO.

What is the main difference between YOLO and WNTR?

YOLO is categorized as Cannabis, while WNTR is Derivative Income. They also come from different issuers: AdvisorShares and YieldMax. Their fees differ too: 0.75% for YOLO and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.20 vs 0.60), 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.