- CUSIP
- 46438G711
- Issuer
- iShares
- Inception Date
- Mar 14, 2024
- Category
- Derivative Income, S&P 500
- Leveraged
- 1x (No leverage)
- Index Tracked
- Cboe S&P 500 Enhanced 1% OTM BuyWrite Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $287M
Share Price Chart
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Performance
IVVW Performance Chart
iShares S&P 500 BuyWrite ETF (IVVW) is up 3.5% since the beginning of the year. IVVW is currently trading at $44 per share.
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Returns By Period
iShares S&P 500 BuyWrite ETF (IVVW) has returned 3.49% so far this year and 17.91% over the past 12 months.
iShares S&P 500 BuyWrite ETF
- 1D
- -1.56%
- 1M
- -0.03%
- YTD
- 3.49%
- 6M
- 4.99%
- 1Y
- 17.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- -0.21%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
IVVW Monthly Returns History
Based on dividend-adjusted daily data since Mar 15, 2024, IVVW's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, an investment would double in approximately 5.9 years.
Historically, 71% of months were positive and 29% were negative. The best month was Nov 2024 with a return of +5.0%, while the worst month was Mar 2025 at -4.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, IVVW closed higher 63% of trading days. The best single day was Apr 9, 2025 with a return of +10.0%, while the worst single day was Apr 4, 2025 at -5.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.79% | 0.39% | -2.87% | 4.55% | 1.92% | -1.18% | 3.49% | ||||||
| 2025 | 2.72% | -1.00% | -4.93% | -1.56% | 1.80% | 3.67% | 1.37% | 1.46% | 2.47% | 2.66% | 0.91% | 1.87% | 11.71% |
| 2024 | 1.97% | -2.25% | 1.82% | 2.31% | 1.68% | 1.80% | 1.29% | -0.44% | 4.95% | -0.74% | 12.90% |
Benchmark Metrics
iShares S&P 500 BuyWrite ETF has an annualized alpha of -0.20%, beta of 0.73, and R2 of 0.84 versus S&P 500 Index. Calculated based on daily prices since March 18, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (59.76%) than losses (56.17%) - typical of diversified or defensive assets.
- Alpha
- -0.20%
- Beta
- 0.73
- R²
- 0.84
- Upside Capture
- 59.76%
- Downside Capture
- 56.17%
Expense Ratio
IVVW has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
IVVW ranks 83 for risk / return — in the top 83% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares S&P 500 BuyWrite ETF (IVVW) and compare them to S&P 500 Index.
| IVVW | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.36 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 2.69 | +0.53 |
| Martin ratioReturn relative to average drawdown | 17.67 | 12.34 | +5.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
iShares S&P 500 BuyWrite ETF provided a 19.96% dividend yield over the last twelve months, with an annual payout of $8.72 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $8.72 | $8.45 | $6.72 |
Dividend yield | 19.96% | 18.55% | 13.72% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares S&P 500 BuyWrite ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.58 | $0.55 | $0.85 | $0.59 | $0.83 | $3.40 | ||||||
| 2025 | $0.00 | $0.55 | $0.33 | $0.81 | $0.68 | $0.75 | $0.66 | $0.64 | $0.49 | $0.72 | $0.73 | $2.08 | $8.45 |
| 2024 | $0.67 | $0.62 | $0.41 | $0.57 | $0.36 | $1.01 | $1.01 | $0.62 | $1.44 | $6.72 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares S&P 500 BuyWrite ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares S&P 500 BuyWrite ETF was 16.79%, occurring on Apr 8, 2025. Recovery took 105 trading sessions.
The current iShares S&P 500 BuyWrite ETF drawdown is 1.56%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -16.79%Apr 2025 | 1mo 18d | 5mo 4d | 6mo 22dFeb 2025 - Sep 2025 |
2024 pullback2024 | -6.20%Aug 2024 | 13d | 10d | 23dJul 2024 - Aug 2024 |
2026 pullback2026 | -5.81%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
2024 pullback2024 | -3.67%Apr 2024 | 18d | 1mo 17d | 2mo 5dApr 2024 - Jun 2024 |
2024 pullback2024 | -2.59%Dec 2024 | 2d | 29d | 1mo 1dDec 2024 - Jan 2025 |
Drawdown Indicators
| IVVW | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.79% | -56.78% | +39.99% |
Max Drawdown (1Y)Largest decline over 1 year | -5.81% | -9.10% | +3.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.56% | -2.97% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -10.72% | +8.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.97% | -0.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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