UMAY vs WGMI
Innovator U.S. Equity Ultra Buffer ETF - May vs CoinShares Bitcoin Mining and Digital Power ETF
Which is better, UMAY or WGMI?
Each has led over a different period.
WGMI has a lower expense ratio. UMAY led over 1Y and the full window, WGMI over 3Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | UMAY | WGMI |
|---|---|---|
| Expense Ratio | 0.79% | 0.75%Best |
| AUM | $137M | $194M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 24 | 57 |
| YTD Return | +6.86%Best | -17.46% |
| 1Y Return | +8.99%Best | -47.33% |
| 3Y Return (annualized) | +11.78% | +56.58%Best |
| 5Y Return (annualized) | +6.64% | - |
| Volatility (annualized) | 6.9%Best | 92.5% |
| Max Drawdown | -12.1%Best | -85.8% |
| $10,000 over 4.7 years | $13,708Best | $12,919 |
| Fund Family | Innovator ETFs Trust | Valkyrie Funds |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Apr 30, 2020 | Feb 7, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Feb 8, 2022 to Oct 15, 2026 (4.7 years).
UMAY vs WGMI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.7 years both funds cover.
UMAY vs WGMI Performance
Innovator U.S. Equity Ultra Buffer ETF - May (UMAY) is an ETF from Innovator ETFs Trust and CoinShares Bitcoin Mining and Digital Power ETF (WGMI) is an ETF from Valkyrie Funds. Over the past year UMAY returned +8.99% while WGMI returned -47.33%. Year to date, UMAY is up 6.86% versus a loss of 17.46% for WGMI.
Over three years, UMAY compounded at +11.78% per year against +56.58% for WGMI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WGMI has been the more volatile fund, with annualized monthly volatility of 92.5% compared with 6.9% for UMAY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.1% for UMAY and -85.8% for WGMI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
UMAY charges 0.79% per year while WGMI charges 0.75%. On a $10,000 position that is $79 vs $75 annually, a gap of $4 per year that compounds over a long holding period. On income, UMAY currently yields 0.00% against 0.00% for WGMI.
Holdings Overlap
We hold position weights for 1 holding in UMAY and 28 in WGMI, totalling 101.0% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in UMAY and 28 in WGMI, against full books of 24 and 57.
You are not choosing between two funds in isolation.
Whichever of UMAY and WGMI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, UMAY or WGMI?
UMAY has an expense ratio of 0.79% while WGMI charges 0.75%. WGMI is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, UMAY or WGMI?
Over the past year UMAY returned +8.99% vs -47.33% for WGMI, so UMAY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, UMAY or WGMI?
WGMI has been the more volatile fund at 92.5% annualized versus 6.9% for UMAY. Worst drawdown: UMAY -12.1% vs WGMI -85.8%.
Should I hold both UMAY and WGMI?
UMAY and WGMI have a monthly-return correlation of 0.54, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, UMAY or WGMI?
UMAY yields 0.00% while WGMI yields 0.00%, so WGMI currently pays the higher dividend yield.
Is WGMI better than UMAY?
WGMI has a lower expense ratio. UMAY led over 1Y and the full window, WGMI over 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.