ACEI vs. IVVW
ACEI (Innovator Equity Autocallable Income Strategy ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. ACEI is actively managed, while IVVW is passively managed. At a 0.43 correlation, their price movements are largely independent. ACEI charges 0.79%/yr vs 0.25%/yr for IVVW.
Performance
ACEI vs. IVVW - Performance Comparison
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Returns By Period
In the year-to-date period, ACEI achieves a 0.11% return, which is significantly lower than IVVW's 4.01% return.
ACEI
- 1D
- -0.61%
- 1M
- -3.64%
- YTD
- 0.11%
- 6M
- 0.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- -1.24%
- 1M
- 0.16%
- YTD
- 4.01%
- 6M
- 4.08%
- 1Y
- 17.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ACEI vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ACEI Innovator Equity Autocallable Income Strategy ETF | 0.11% | 0.65% |
IVVW iShares S&P 500 BuyWrite ETF | 4.01% | 6.21% |
Correlation
The correlation between ACEI and IVVW is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025 | 0.43 |
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Return for Risk
ACEI vs. IVVW — Risk / Return Rank
ACEI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IVVW
ACEI vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Autocallable Income Strategy ETF (ACEI) and iShares S&P 500 BuyWrite ETF (IVVW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ACEI | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.47 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.99 | — |
| Martin ratioReturn relative to average drawdown | — | 15.95 | — |
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Drawdowns
ACEI vs. IVVW - Drawdown Comparison
The maximum ACEI drawdown since its inception was -5.77%, smaller than the maximum IVVW drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for ACEI and IVVW.
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Drawdown Indicators
| ACEI | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.77% | -16.79% | +11.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.81% | — |
Current DrawdownCurrent decline from peak | -5.31% | -1.37% | -3.94% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -1.73% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.09% | — |
Volatility
ACEI vs. IVVW - Volatility Comparison
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Volatility by Period
| ACEI | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.45% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.91% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.38% | 8.05% | +5.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.38% | 12.69% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.38% | 12.69% | +0.69% |
ACEI vs. IVVW - Expense Ratio Comparison
ACEI has a 0.79% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
ACEI vs. IVVW - Dividend Comparison
ACEI's dividend yield for the trailing twelve months is around 7.32%, less than IVVW's 19.86% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ACEI Innovator Equity Autocallable Income Strategy ETF | 7.32% | 2.11% | 0.00% |
IVVW iShares S&P 500 BuyWrite ETF | 19.86% | 18.55% | 13.72% |
Frequently Asked Questions
ACEI and IVVW have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IVVW is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IVVW is cheaper with a 0.25% expense ratio, compared with 0.79% for ACEI.
IVVW has the higher dividend yield at 19.86%, compared with 7.32% for ACEI.
They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for ACEI and 0.25% for IVVW.
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