ACEI vs. IVVW

Last updated Jun 4, 2026

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 0.40 correlation, their price movements are largely independent. ACEI charges 0.79%/yr vs 0.25%/yr for IVVW.

Performance

ACEI vs. IVVW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Autocallable Income Strategy ETF (ACEI) and iShares S&P 500 BuyWrite ETF (IVVW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ACEI having a 5.08% return and IVVW slightly lower at 4.84%.

ACEI

• 1D: -0.48%
• 1M: 2.64%
• YTD: 5.08%
• 6M: 5.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVVW

• 1D: -0.02%
• 1M: 1.90%
• YTD: 4.84%
• 6M: 6.58%
• 1Y: 20.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACEI vs. IVVW - Yearly Performance Comparison

	2026 (YTD)	2025
ACEI Innovator Equity Autocallable Income Strategy ETF	5.08%	0.81%
IVVW iShares S&P 500 BuyWrite ETF	4.84%	6.33%

Correlation

The correlation between ACEI and IVVW is 0.40, 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 26, 2025	0.40

Return for Risk

ACEI vs. IVVW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVVW

IVVW Risk / Return Rank: 82
IVVW Sharpe Ratio Rank: 82
IVVW Sortino Ratio Rank: 83
IVVW Omega Ratio Rank: 91
IVVW Calmar Ratio Rank: 69
IVVW Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ACEI	IVVW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	1.07	-0.40

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.

Drawdown Indicators

	ACEI	IVVW	Difference
Max Drawdown Largest peak-to-trough decline	-5.77%	-16.79%	+11.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.81%	—
Current Drawdown Current decline from peak	-0.61%	-0.09%	-0.52%
Average Drawdown Average peak-to-trough decline	-1.86%	-1.75%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.05%	—

Volatility

Volatility by Period

	ACEI	IVVW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	7.40%	+5.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.30%	12.66%	+0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.30%	12.66%	+0.64%

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 6.97%, less than IVVW's 19.70% yield.

Position	TTM	2025	2024
ACEI Innovator Equity Autocallable Income Strategy ETF	6.97%	2.11%	0.00%
IVVW iShares S&P 500 BuyWrite ETF	19.70%	18.55%	13.72%

Frequently Asked Questions

Can I hold both ACEI and IVVW in my portfolio?

ACEI and IVVW have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ACEI or IVVW?

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.

Which ETF is cheaper, ACEI or IVVW?

IVVW is cheaper with a 0.25% expense ratio, compared with 0.79% for ACEI.

Which ETF pays a higher dividend yield, ACEI or IVVW?

IVVW has the higher dividend yield at 19.70%, compared with 6.97% for ACEI.

What is the main difference between ACEI and IVVW?

They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for ACEI and 0.25% for IVVW.