BIGY vs. IVVW

Last updated Jun 5, 2026

BIGY ( YieldMax Target 12™ Big 50 Option Income ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. BIGY is actively managed, while IVVW is passively managed. Over the past year, BIGY returned 25.81% vs 20.33% for IVVW. Their correlation of 0.87 suggests significant overlap in exposure. BIGY charges 0.99%/yr vs 0.25%/yr for IVVW.

Performance

BIGY vs. IVVW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Target 12™ Big 50 Option Income ETF (BIGY) 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, BIGY achieves a 7.08% return, which is significantly higher than IVVW's 5.13% return.

BIGY

• 1D: 0.39%
• 1M: 3.13%
• YTD: 7.08%
• 6M: 7.27%
• 1Y: 25.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

BIGY vs. IVVW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BIGY YieldMax Target 12™ Big 50 Option Income ETF	7.08%	19.14%	0.22%
IVVW iShares S&P 500 BuyWrite ETF	5.13%	11.71%	0.60%

Correlation

The correlation between BIGY and IVVW is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Nov 22, 2024	0.87

The correlation between BIGY and IVVW has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

BIGY vs. IVVW - Sectors Allocation Comparison

Sectors	BIGY	IVVW
Technology	34.5%	35.6%
Communication Services	12.1%	11.2%
Financial Services	11.8%	11.8%
Consumer Defensive	11.4%	4.9%
Healthcare	10.8%	8.5%
Consumer Cyclical	10.2%	10.1%
Energy	4.5%	3.5%
Industrials	4.4%	8.3%
Basic Materials	-	1.8%
Real Estate	-	1.9%
Utilities	-	2.4%

Return for Risk

BIGY vs. IVVW — Risk / Return Rank

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

BIGY

BIGY Risk / Return Rank: 71
BIGY Sharpe Ratio Rank: 76
BIGY Sortino Ratio Rank: 75
BIGY Omega Ratio Rank: 76
BIGY Calmar Ratio Rank: 63
BIGY Martin Ratio Rank: 67

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.

BIGY vs. IVVW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Target 12™ Big 50 Option Income ETF (BIGY) 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.

	BIGY	IVVW	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.76	-0.33
Sortino ratio: Return per unit of downside risk	3.32	3.82	-0.49
Omega ratio: Gain probability vs. loss probability	1.44	1.62	-0.18
Calmar ratio: Return relative to maximum drawdown	3.11	3.51	-0.40
Martin ratio: Return relative to average drawdown	12.20	19.38	-7.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIGY vs. IVVW - Sharpe Ratio Comparison

The current BIGY Sharpe Ratio is 2.43, which is comparable to the IVVW Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of BIGY 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

	BIGY	IVVW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.76	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	1.08	-0.03

Drawdowns

BIGY vs. IVVW - Drawdown Comparison

The maximum BIGY drawdown since its inception was -18.93%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for BIGY and IVVW.

Drawdown Indicators

	BIGY	IVVW	Difference
Max Drawdown Largest peak-to-trough decline	-18.93%	-16.79%	-2.14%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-5.81%	-2.53%
Current Drawdown Current decline from peak	-0.15%	0.00%	-0.15%
Average Drawdown Average peak-to-trough decline	-2.55%	-1.75%	-0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	1.05%	+1.07%

Volatility

BIGY vs. IVVW - Volatility Comparison

YieldMax Target 12™ Big 50 Option Income ETF (BIGY) has a higher volatility of 1.99% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 1.14%. This indicates that BIGY'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

	BIGY	IVVW	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.99%	1.14%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	7.73%	6.07%	+1.66%
Volatility (1Y) Calculated over the trailing 1-year period	10.66%	7.40%	+3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.76%	12.65%	+4.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.76%	12.65%	+4.11%

BIGY vs. IVVW - Expense Ratio Comparison

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

Dividends

BIGY vs. IVVW - Dividend Comparison

BIGY's dividend yield for the trailing twelve months is around 11.65%, less than IVVW's 19.65% yield.

Position	TTM	2025	2024
BIGY YieldMax Target 12™ Big 50 Option Income ETF	11.65%	12.49%	0.00%
IVVW iShares S&P 500 BuyWrite ETF	19.65%	18.55%	13.72%

Frequently Asked Questions

Can I hold both BIGY and IVVW in my portfolio?

BIGY and IVVW have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIGY or IVVW?

BIGY has higher volatility (1.99%) compared to IVVW (1.14%). In terms of maximum drawdown, BIGY dropped -18.93% vs IVVW's -16.79%.

Which ETF is better, BIGY or IVVW?

On 1-year performance, BIGY leads with 25.81% vs 20.33% for IVVW. On fees, IVVW is cheaper at 0.25% per year. On volatility, IVVW has been the lower-risk option at 1.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BIGY or IVVW?

Over the 1-year period, BIGY has performed better with a 25.81% return vs 20.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BIGY or IVVW?

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

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

IVVW has the higher dividend yield at 19.65%, compared with 11.65% for BIGY.

What is the main difference between BIGY and IVVW?

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

Which has better risk-adjusted returns?

IVVW currently has the higher Sharpe Ratio (2.76 vs 2.43), 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.