Correlation
The correlation between BALI and IVVW is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
BALI vs. IVVW
Compare and contrast key facts about Blackrock Advantage Large Cap Income ETF (BALI) and iShares S&P 500 BuyWrite ETF (IVVW).
BALI and IVVW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BALI is an actively managed fund by BlackRock. It was launched on Sep 26, 2023. IVVW is a passively managed fund by iShares that tracks the performance of the Cboe S&P 500 Enhanced 1% OTM BuyWrite Index - Benchmark TR Gross. It was launched on Mar 14, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BALI or IVVW.
Performance
BALI vs. IVVW - Performance Comparison
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Key characteristics
BALI:
0.56
IVVW:
0.38
BALI:
0.78
IVVW:
0.62
BALI:
1.12
IVVW:
1.11
BALI:
0.50
IVVW:
0.35
BALI:
1.85
IVVW:
1.36
BALI:
4.47%
IVVW:
4.28%
BALI:
16.91%
IVVW:
17.01%
BALI:
-16.65%
IVVW:
-16.79%
BALI:
-5.24%
IVVW:
-8.19%
Returns By Period
In the year-to-date period, BALI achieves a -1.64% return, which is significantly higher than IVVW's -4.55% return.
BALI
-1.64%
4.92%
-2.98%
8.97%
N/A
N/A
N/A
IVVW
-4.55%
1.29%
-4.31%
5.89%
N/A
N/A
N/A
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BALI vs. IVVW - Expense Ratio Comparison
BALI has a 0.35% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Risk-Adjusted Performance
BALI vs. IVVW — Risk-Adjusted Performance Rank
BALI
IVVW
BALI vs. IVVW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Advantage Large Cap Income ETF (BALI) 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.
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Dividends
BALI vs. IVVW - Dividend Comparison
BALI's dividend yield for the trailing twelve months is around 8.67%, less than IVVW's 17.55% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BALI Blackrock Advantage Large Cap Income ETF | 8.67% | 7.13% | 2.13% |
IVVW iShares S&P 500 BuyWrite ETF | 17.55% | 13.72% | 0.00% |
Drawdowns
BALI vs. IVVW - Drawdown Comparison
The maximum BALI drawdown since its inception was -16.65%, roughly equal to the maximum IVVW drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for BALI and IVVW.
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Volatility
BALI vs. IVVW - Volatility Comparison
Blackrock Advantage Large Cap Income ETF (BALI) has a higher volatility of 3.62% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 1.45%. This indicates that BALI'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.
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