iShares Russell 2000 BuyWrite ETF (IWMW) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with IWMW. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to IWMW
IWMW charges 0.39% annually. There are 33 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.05M | Nov 2024 | IWMW vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | IWMW vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | IWMW vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | IWMW vs FYEE | |
| Parametric Equity Premium Income ETF | 0.29% | 438.36M | Oct 2023 | IWMW vs PAPI |
Best Risk-Adjusted Alternatives to IWMW
IWMW has a PortfoliosLab risk / return rank of 86. There are 19 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | IWMW vs THTA | |
| Global X S&P 500 Covered Call ETF | 92 | 3.24B | Jun 2013 | IWMW vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 92 | 358.08M | Dec 2007 | IWMW vs PBP | |
| Simplify Treasury Option Income ETF | 91 | 489.70M | Oct 2022 | IWMW vs BUCK | |
| Global X Russell 2000 Covered Call ETF | 90 | 1.37B | Apr 2019 | IWMW vs RYLD |
Top Performing IWMW Alternatives (YTD)
IWMW is at 16.00% YTD. There are 41 ETFs in the Derivative Income category with higher YTD returns, going as high as 184.82%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 184.82% | 22.04M | Oct 2025 | IWMW vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 175.61% | 114.09M | Jul 2025 | IWMW vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 105.10% | 382.78M | Sep 2023 | IWMW vs AMDY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 70.13% | 64.01M | Dec 2024 | IWMW vs SOXY | |
| YieldMax MRNA Option Income Strategy ETF | 67.49% | 106.87M | Oct 2023 | IWMW vs MRNY |
Lowest Volatility Alternatives to IWMW
IWMW has 12.61% 1-year volatility. There are 83 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.47% | 489.70M | Oct 2022 | IWMW vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | IWMW vs HYGW | |
| Janus Henderson Equity Linked Moderate Income ETF | 3.69% | — | Apr 2026 | IWMW vs JELM | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.79% | 289.20M | Apr 2026 | IWMW vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.28M | Feb 2025 | IWMW vs HYTI |
Lowest Drawdown Alternatives to IWMW
IWMW has a 1-year max drawdown of -6.94%. There are 38 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 489.70M | Oct 2022 | IWMW vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | IWMW vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | IWMW vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | IWMW vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | IWMW vs THTA |
Other ETFs from iShares
The 10 most viewed iShares ETFs shown here include SGOV, IBIT, SOXX and span 14 categories. AUM among these funds goes as high as $869B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | Ultrashort Bond | 100 | 2.14% | 99.95B | May 2020 | IWMW vs SGOV | |
| iShares Bitcoin Trust ETF | Cryptocurrency | 2 | -26.71% | 46.52B | Jan 2024 | IWMW vs IBIT | |
| iShares Semiconductor ETF | Semiconductors, Technology Equities | 90 | 80.24% | 44.69B | Jul 2001 | IWMW vs SOXX | |
| iShares Core S&P 500 ETF | S&P 500 | 72 | 13.72% | 869.20B | May 2000 | IWMW vs IVV | |
| iShares Core Dividend Growth ETF | Large Cap Growth Equities, Dividend | 91 | 15.02% | 42.77B | Jun 2014 | IWMW vs DGRO | |
| iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 7 | -2.43% | 41.54B | Jul 2002 | IWMW vs TLT | |
| iShares Silver Trust | Silver, Precious Metals | 33 | -16.42% | 28.08B | Apr 2006 | IWMW vs SLV | |
| iShares Gold Trust | Gold, Precious Metals | 26 | -5.52% | 59.74B | Jan 2005 | IWMW vs IAU | |
| iShares Russell 2000 ETF | Small Cap Blend Equities | 79 | 23.08% | 80.11B | May 2000 | IWMW vs IWM | |
| iShares MSCI ACWI ETF | Global Equities | 71 | 14.26% | 32.49B | Mar 2008 | IWMW vs ACWI |
Often Compared With IWMW
Investors most often compare IWMW with SCHD, QQQI, SPY. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare IWMW with Any Fund or Stock
Compare IWMW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair IWMW with funds that move differently
iShares Russell 2000 BuyWrite ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IWMW.
Explore IWMW Diversifiers