AMZW vs. IVVW

Last updated Jul 17, 2026

AMZW (Roundhill AMZN WeeklyPay ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. AMZW is actively managed, while IVVW is passively managed. Over the past year, AMZW returned 8.93% vs 18.13% for IVVW. A 0.51 correlation means they provide meaningful diversification when combined. AMZW charges 0.99%/yr vs 0.25%/yr for IVVW.

Performance

AMZW vs. IVVW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AMZN WeeklyPay ETF (AMZW) 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 AMZW having a 7.08% return and IVVW slightly lower at 6.76%.

AMZW

• 1D: -2.39%
• 1M: 1.52%
• 6M: 3.18%
• YTD: 7.08%
• 1Y: 8.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVVW

• 1D: -0.42%
• 1M: 1.37%
• 6M: 6.17%
• YTD: 6.76%
• 1Y: 18.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMZW vs. IVVW - Yearly Performance Comparison

	2026 (YTD)	2025
AMZW Roundhill AMZN WeeklyPay ETF	7.08%	7.33%
IVVW iShares S&P 500 BuyWrite ETF	6.76%	13.72%

Correlation

The correlation between AMZW and IVVW is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.51

The correlation between AMZW and IVVW has been stable across timeframes, ranging from 0.51 to 0.53 - a consistent structural relationship.

AMZW vs. IVVW - Sectors Allocation Comparison

Sectors	AMZW	IVVW
Consumer Cyclical	22.2%	10.0%
Basic Materials	-	1.7%
Communication Services	-	10.8%
Consumer Defensive	-	4.6%
Energy	-	3.2%
Financial Services	-	11.0%
Healthcare	-	8.4%
Industrials	-	7.9%
Real Estate	-	1.8%
Technology	-	38.4%
Utilities	-	2.1%

Return for Risk

AMZW vs. IVVW — Risk / Return Rank

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

AMZW

AMZW Risk / Return Rank: 14
AMZW Sharpe Ratio Rank: 13
AMZW Sortino Ratio Rank: 14
AMZW Omega Ratio Rank: 15
AMZW Calmar Ratio Rank: 14
AMZW Martin Ratio Rank: 13

IVVW

IVVW Risk / Return Rank: 86
IVVW Sharpe Ratio Rank: 86
IVVW Sortino Ratio Rank: 85
IVVW Omega Ratio Rank: 91
IVVW Calmar Ratio Rank: 77
IVVW Martin Ratio Rank: 91

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.

AMZW vs. IVVW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AMZN WeeklyPay ETF (AMZW) 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.

	AMZW	IVVW	Difference
Sharpe ratio: Return per unit of total volatility	0.24	2.22	-1.99
Sortino ratio: Return per unit of downside risk	0.60	3.06	-2.45
Omega ratio: Gain probability vs. loss probability	1.07	1.47	-0.40
Calmar ratio: Return relative to maximum drawdown	0.33	3.13	-2.80
Martin ratio: Return relative to average drawdown	0.72	16.61	-15.89

AMZW vs. IVVW - Sharpe Ratio Comparison

The current AMZW Sharpe Ratio is 0.24, which is lower than the IVVW Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of AMZW 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.

Drawdowns

AMZW vs. IVVW - Drawdown Comparison

The maximum AMZW drawdown since its inception was -26.79%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for AMZW and IVVW.

Drawdown Indicators

	AMZW	IVVW	Difference
Max Drawdown Largest peak-to-trough decline	-26.79%	-16.79%	-10.00%
Max Drawdown (1Y) Largest decline over 1 year	-26.79%	-5.81%	-20.98%
Current Drawdown Current decline from peak	-11.82%	-0.42%	-11.40%
Average Drawdown Average peak-to-trough decline	-9.49%	-1.69%	-7.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.41%	1.09%	+11.32%

Volatility

AMZW vs. IVVW - Volatility Comparison

Roundhill AMZN WeeklyPay ETF (AMZW) has a higher volatility of 11.54% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 2.51%. This indicates that AMZW'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

	AMZW	IVVW	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.54%	2.51%	+9.03%
Volatility (6M) Calculated over the trailing 6-month period	26.54%	7.10%	+19.44%
Volatility (1Y) Calculated over the trailing 1-year period	37.79%	8.19%	+29.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.08%	12.57%	+24.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.08%	12.57%	+24.51%

AMZW vs. IVVW - Expense Ratio Comparison

AMZW has a 0.99% expense ratio, which is higher than IVVW's 0.25% expense ratio.

Dividends

AMZW vs. IVVW - Dividend Comparison

AMZW's dividend yield for the trailing twelve months is around 45.90%, more than IVVW's 19.07% yield.

Position	TTM	2025	2024
AMZW Roundhill AMZN WeeklyPay ETF	45.90%	25.29%	0.00%
IVVW iShares S&P 500 BuyWrite ETF	19.07%	18.55%	13.72%

Frequently Asked Questions

Can I hold both AMZW and IVVW in my portfolio?

AMZW and IVVW have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMZW or IVVW?

AMZW has higher volatility (11.54%) compared to IVVW (2.51%). In terms of maximum drawdown, AMZW dropped -26.79% vs IVVW's -16.79%.

Which ETF is better, AMZW or IVVW?

On 1-year performance, IVVW leads with 18.13% vs 8.93% for AMZW. On fees, IVVW is cheaper at 0.25% per year. On volatility, IVVW has been the lower-risk option at 2.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZW or IVVW?

Over the 1-year period, IVVW has performed better with a 18.13% return vs 8.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZW or IVVW?

IVVW is cheaper with a 0.25% expense ratio, compared with 0.99% for AMZW.

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

AMZW has the higher dividend yield at 45.90%, compared with 19.07% for IVVW.

What is the main difference between AMZW and IVVW?

They also come from different issuers: Roundhill and iShares. Their fees differ too: 0.99% for AMZW and 0.25% for IVVW.

Which has better risk-adjusted returns?

IVVW currently has the higher Sharpe Ratio (2.22 vs 0.24), 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.