AGM vs. IVVW

Last updated Jun 5, 2026

AGM (Federal Agricultural Mortgage Corporation) is a stock, while IVVW (iShares S&P 500 BuyWrite ETF) is Derivative Income fund tracking the Cboe S&P 500 Enhanced 1% OTM BuyWrite Index. Over the past year, AGM returned 0.16% vs 20.33% for IVVW. At a 0.38 correlation, their price movements are largely independent.

Performance

AGM vs. IVVW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federal Agricultural Mortgage Corporation (AGM) and iShares S&P 500 BuyWrite ETF (IVVW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGM achieves a 4.84% return, which is significantly lower than IVVW's 5.13% return.

AGM

• 1D: 4.25%
• 1M: 6.33%
• YTD: 4.84%
• 6M: 5.52%
• 1Y: 0.16%
• 3Y*: 13.04%
• 5Y*: 16.37%
• 10Y*: 21.35%

IVVW

• 1D: 0.27%
• 1M: 1.98%
• YTD: 5.13%
• 6M: 6.73%
• 1Y: 20.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AGM vs. IVVW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AGM Federal Agricultural Mortgage Corporation	4.84%	-7.96%	6.97%
IVVW iShares S&P 500 BuyWrite ETF	5.13%	11.71%	12.90%

Correlation

The correlation between AGM and IVVW is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024	0.38

Return for Risk

AGM vs. IVVW — Risk / Return Rank

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

AGM

AGM Risk / Return Rank: 39
AGM Sharpe Ratio Rank: 42
AGM Sortino Ratio Rank: 36
AGM Omega Ratio Rank: 36
AGM Calmar Ratio Rank: 41
AGM Martin Ratio Rank: 41

IVVW

IVVW Risk / Return Rank: 85
IVVW Sharpe Ratio Rank: 85
IVVW Sortino Ratio Rank: 86
IVVW Omega Ratio Rank: 92
IVVW Calmar Ratio Rank: 72
IVVW Martin Ratio Rank: 88

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.

AGM vs. IVVW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federal Agricultural Mortgage Corporation (AGM) 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.

	AGM	IVVW	Difference
Sharpe ratio: Return per unit of total volatility	0.01	2.76	-2.76
Sortino ratio: Return per unit of downside risk	0.22	3.82	-3.60
Omega ratio: Gain probability vs. loss probability	1.03	1.62	-0.59
Calmar ratio: Return relative to maximum drawdown	0.01	3.51	-3.51
Martin ratio: Return relative to average drawdown	0.01	19.38	-19.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGM vs. IVVW - Sharpe Ratio Comparison

The current AGM Sharpe Ratio is 0.01, which is lower than the IVVW Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of AGM and IVVW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AGM	IVVW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.01	2.76	-2.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	1.08	-0.75

Drawdowns

AGM vs. IVVW - Drawdown Comparison

The maximum AGM drawdown since its inception was -94.63%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for AGM and IVVW.

Drawdown Indicators

	AGM	IVVW	Difference
Max Drawdown Largest peak-to-trough decline	-94.63%	-16.79%	-77.84%
Max Drawdown (1Y) Largest decline over 1 year	-31.94%	-5.81%	-26.13%
Max Drawdown (3Y) Largest decline over 3 years	-32.54%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.54%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-53.30%	—	—
Current Drawdown Current decline from peak	-11.62%	0.00%	-11.62%
Average Drawdown Average peak-to-trough decline	-27.87%	-1.75%	-26.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.83%	1.05%	+15.78%

Volatility

AGM vs. IVVW - Volatility Comparison

Federal Agricultural Mortgage Corporation (AGM) has a higher volatility of 10.18% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 1.14%. This indicates that AGM's price experiences larger fluctuations and is considered to be riskier than IVVW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGM	IVVW	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.18%	1.14%	+9.04%
Volatility (6M) Calculated over the trailing 6-month period	25.01%	6.07%	+18.94%
Volatility (1Y) Calculated over the trailing 1-year period	32.24%	7.40%	+24.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.92%	12.65%	+17.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.52%	12.65%	+21.87%

Dividends

AGM vs. IVVW - Dividend Comparison

AGM's dividend yield for the trailing twelve months is around 3.35%, less than IVVW's 19.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGM Federal Agricultural Mortgage Corporation	3.35%	3.42%	2.84%	2.30%	3.37%	2.84%	4.31%	3.35%	3.84%	1.84%	1.82%	2.03%
IVVW iShares S&P 500 BuyWrite ETF	19.65%	18.55%	13.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AGM and IVVW in my portfolio?

AGM and IVVW have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGM or IVVW?

AGM has higher volatility (10.18%) compared to IVVW (1.14%). In terms of maximum drawdown, AGM dropped -94.63% vs IVVW's -16.79%.

Which has better risk-adjusted returns?

IVVW currently has the higher Sharpe Ratio (2.76 vs 0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.