YieldMax ETFsInverse EquityWNTR · NYSE Arca

YieldMax MSTR Short Option Income Strategy ETF (WNTR)

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Price: $17.43; —12 Nov 2026
Assets: $56.1M; Total net assets
Expense ratio: 1.00%; Category 0.88%
Yield: 56.96%; Trailing distributions

1Y return: 15.6%+44.6%; Category -29.0%
3Y CAGR: —; Category -35.8%
5Y CAGR: —; Category -23.7%

$17.43—12 Nov 2026

Fund

Assets: $56.1M
Expense: 1.00%
Categ. exp: 0.88%
Yield: 56.96%

ReturnFundCateg.

1Y15.6%-29.0%

3Y—-35.8%

5Y—-23.7%

Launch20.7%—

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YieldMax MSTR Short Option Income Strategy ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+22.5%	-19.8%	+20.6%	-12.0%	+15.6%	—	—	—	+20.7%
Inverse Equity average	11.5%	8.2%	-9.1%	-31.0%	-29.0%	-35.8%	-23.7%	-29.3%	-37.1%
Difference	+11.0%	-28.0%	+29.7%	+19.0%	+44.6%	—	—	—	+57.9%

Holdings

The 1 largest positions make up 15.1% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
FGXXX	First American Government Obligs X	15.06%

Credit quality

Share of the bonds by rating.

US government110.5%

Asset mix

Bonds77.1%
Cash52.5%
Other2.9%

ETF details

Issuer: YieldMax ETFs
Category: Equity · Inverse Equity
Ticker: WNTR
Exchange: NYSE Arca
Inception: 26 Mar 2025 (1.6 years)
Structure: Exchange Traded Fund
Expense ratio: 1.00% (category 0.88%)
Holdings turnover: 123% (category 68%)
Distribution yield: 56.96%
Beta, 3 years: 0.00
Total net assets: $56.1M
Average maturity: 9.79 years

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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