AVGW vs. IVVW

Last updated Jun 4, 2026

AVGW (Roundhill AVGO WeeklyPay™ ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. AVGW is actively managed, while IVVW is passively managed. At a 0.46 correlation, their price movements are largely independent. AVGW charges 0.99%/yr vs 0.25%/yr for IVVW.

Performance

AVGW vs. IVVW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AVGO WeeklyPay™ ETF (AVGW) 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, AVGW achieves a 43.84% return, which is significantly higher than IVVW's 4.84% return.

AVGW

• 1D: -1.38%
• 1M: 17.30%
• YTD: 43.84%
• 6M: 27.58%
• 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)

AVGW vs. IVVW - Yearly Performance Comparison

	2026 (YTD)	2025
AVGW Roundhill AVGO WeeklyPay™ ETF	43.84%	20.91%
IVVW iShares S&P 500 BuyWrite ETF	4.84%	9.78%

Correlation

The correlation between AVGW and IVVW is 0.46, 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 Jul 25, 2025	0.46

AVGW vs. IVVW - Sectors Allocation Comparison

Sectors	AVGW	IVVW
Technology	33.2%	35.6%
Basic Materials	-	1.8%
Communication Services	-	11.2%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Financial Services	-	11.8%
Healthcare	-	8.5%
Industrials	-	8.3%
Real Estate	-	1.9%
Utilities	-	2.4%

Return for Risk

AVGW 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.

AVGW vs. IVVW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AVGO WeeklyPay™ ETF (AVGW) 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

	AVGW	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	1.69	1.07	+0.63

Drawdowns

AVGW vs. IVVW - Drawdown Comparison

The maximum AVGW drawdown since its inception was -34.65%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for AVGW and IVVW.

Drawdown Indicators

	AVGW	IVVW	Difference
Max Drawdown Largest peak-to-trough decline	-34.65%	-16.79%	-17.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.81%	—
Current Drawdown Current decline from peak	-1.38%	-0.09%	-1.29%
Average Drawdown Average peak-to-trough decline	-12.19%	-1.75%	-10.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.05%	—

Volatility

Volatility by Period

	AVGW	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	53.65%	7.40%	+46.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.65%	12.66%	+40.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.65%	12.66%	+40.99%

AVGW vs. IVVW - Expense Ratio Comparison

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

Dividends

AVGW vs. IVVW - Dividend Comparison

AVGW's dividend yield for the trailing twelve months is around 44.45%, more than IVVW's 19.70% yield.

Position	TTM	2025	2024
AVGW Roundhill AVGO WeeklyPay™ ETF	44.45%	31.15%	0.00%
IVVW iShares S&P 500 BuyWrite ETF	19.70%	18.55%	13.72%

Frequently Asked Questions

Can I hold both AVGW and IVVW in my portfolio?

AVGW and IVVW have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVGW 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, AVGW or IVVW?

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

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

AVGW has the higher dividend yield at 44.45%, compared with 19.70% for IVVW.

What is the main difference between AVGW and IVVW?

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