YieldMax MSTR Short Option Income Strategy ETF (WNTR) Performance
WNTR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −26.5% since Dec 31, 2025
- 1 year
- +13.6% total return
- Since first price
- +13.5% since 2025
WNTR trailing returns vs SPY, QQQ, AGG
| Period | WNTR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +8.3% | +1.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −33.6% | −44.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −4.0% | −34.7% | +7.8% | +8.4% | −1.5% |
| YTD | −26.5% | −61.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.6% | −50.2% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 27, 2025 | +13.5% | −69.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: WNTR vs SPY
From Mar 27, 2025: WNTR grew to $11,353, SPY to $13,624.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
WNTR returns by calendar year
2026 is year to date.
WNTR annual returns table
| Year | WNTR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −26.5% | −45.8% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
WNTR largest drawdowns
Now 40.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 5, 2026 | −45.8% | Sep 21, 2026 | not yet | 7 months | 9 months so far |
| Apr 8, 2025 | −38.6% | Jul 16, 2025 | Nov 13, 2025 | 3 months | 7 months |
| Dec 31, 2025 | −12.2% | Jan 14, 2026 | Jan 29, 2026 | 14 days | 29 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
WNTR risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +2.6% |
| Volatility (annualized) | 61.1% |
| Sharpe ratio | 0.26 |
| Sortino ratio | 0.43 |
| Best month | +43.3% |
| Worst month | −26.5% |
| Best 12 months | +116.9% |
| Worst 12 months | +20.6% |
| Positive months | 50% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
WNTR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 8 | +8.9% | +43.8% | +116.9% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
WNTR performance overview
YieldMax MSTR Short Option Income Strategy ETF (WNTR) returned +13.6% over the past year, with distributions reinvested. Since its first recorded price on Mar 27, 2025 it has returned +13.5%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −45.8%, from Feb 5, 2026 to Sep 21, 2026; the fund has not yet regained that high. Volatility has been 61.1% a year.
Related: WNTR chart, WNTR dividends. See the WNTR overview for the latest quote and fund facts.
WNTR performance FAQ
What is the WNTR return over the past year?
WNTR returned +13.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 50.2%.
How much would $10,000 invested in WNTR be worth?
$10,000 invested in WNTR at its first recorded close on March 27, 2025 would be worth about $11,353 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of WNTR?
The largest peak-to-trough decline was −45.8% between February 5, 2026 and September 21, 2026. It has not yet recovered to that high; it is 40.0% below its peak.
How volatile is WNTR?
Over the past history WNTR had an annualized volatility of 61.1% and a Sharpe ratio of 0.26 (excess return over 1–3 month T-bills per unit of risk).