YieldMax ETFsDerivative IncomeWNTR · NYSE Arca

YieldMax MSTR Short Option Income Strategy ETF (WNTR)

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Price: $15.20; —25 Sept 2026
Assets: $66.3M; Total net assets
Expense ratio: 1.00%; Category 0.88%
Yield: 55.48%; Trailing distributions

1Y return: 9.8%-3.8%; Category 13.6%
3Y CAGR: —; Category 18.0%
5Y CAGR: —; Category 9.5%

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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	-21.7%	-43.0%	-34.4%	-31.2%	+9.8%	—	—	—	+4.1%
Derivative Income average	1.6%	6.5%	19.5%	10.3%	13.6%	18.0%	9.5%	8.5%	9.4%
Difference	-23.2%	-49.5%	-53.9%	-41.5%	-3.8%	—	—	—	-5.2%

Holdings

The 1 largest positions make up 17.0% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
FGXXX	First American Government Obligs X	17.04%

Credit quality

Share of the bonds by rating.

US government76.9%

Asset mix

Cash39.5%
Other32.3%
Bonds25.5%
Stocks2.8%

ETF details

Issuer: YieldMax ETFs
Category: Equity · Derivative Income
Ticker: WNTR
Exchange: NYSE Arca
Inception: 26 Mar 2025 (1.5 years)
Structure: Exchange Traded Fund
Expense ratio: 1.00% (category 0.88%)
Holdings turnover: 0% (category 68%)
Distribution yield: 55.48%
Beta, 3 years: 0.00
Total net assets: $66.3M
Average maturity: 9.85 years

Prices and returns as of 25 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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