BUYW vs. VVR

Last updated Jun 4, 2026

BUYW (Main Buywrite ETF) is Derivative Income fund actively managed by Main Funds, while VVR (Invesco Senior Income Trust) is a stock. Over the past 3 years, BUYW returned 8.73%/yr vs 5.60%/yr for VVR. At a 0.29 correlation, their price movements are largely independent.

Performance

BUYW vs. VVR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Main Buywrite ETF (BUYW) and Invesco Senior Income Trust (VVR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUYW achieves a 3.39% return, which is significantly higher than VVR's -2.51% return.

BUYW

• 1D: 0.35%
• 1M: 0.99%
• YTD: 3.39%
• 6M: 4.27%
• 1Y: 9.76%
• 3Y*: 8.73%
• 5Y*: —
• 10Y*: —

VVR

• 1D: -1.95%
• 1M: -1.33%
• YTD: -2.51%
• 6M: -1.97%
• 1Y: -8.03%
• 3Y*: 5.60%
• 5Y*: 4.79%
• 10Y*: 5.98%

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

BUYW vs. VVR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BUYW Main Buywrite ETF	3.39%	9.08%	9.82%	12.80%	1.46%
VVR Invesco Senior Income Trust	-2.51%	-6.18%	8.97%	20.86%	6.63%

Correlation

The correlation between BUYW and VVR is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022	0.29

Return for Risk

BUYW vs. VVR — Risk / Return Rank

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

BUYW

BUYW Risk / Return Rank: 71
BUYW Sharpe Ratio Rank: 59
BUYW Sortino Ratio Rank: 66
BUYW Omega Ratio Rank: 66
BUYW Calmar Ratio Rank: 75
BUYW Martin Ratio Rank: 89

VVR

VVR Risk / Return Rank: 17
VVR Sharpe Ratio Rank: 17
VVR Sortino Ratio Rank: 16
VVR Omega Ratio Rank: 17
VVR Calmar Ratio Rank: 17
VVR Martin Ratio Rank: 20

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.

BUYW vs. VVR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Main Buywrite ETF (BUYW) and Invesco Senior Income Trust (VVR). 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.

	BUYW	VVR	Difference
Sharpe ratio: Return per unit of total volatility	2.03	-0.54	+2.56
Sortino ratio: Return per unit of downside risk	3.08	-0.69	+3.77
Omega ratio: Gain probability vs. loss probability	1.40	0.92	+0.49
Calmar ratio: Return relative to maximum drawdown	3.79	-0.64	+4.42
Martin ratio: Return relative to average drawdown	20.24	-1.00	+21.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BUYW vs. VVR - Sharpe Ratio Comparison

The current BUYW Sharpe Ratio is 2.03, which is higher than the VVR Sharpe Ratio of -0.54. The chart below compares the historical Sharpe Ratios of BUYW and VVR, 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

	BUYW	VVR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	-0.54	+2.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.30	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	0.19	+0.98

Drawdowns

BUYW vs. VVR - Drawdown Comparison

The maximum BUYW drawdown since its inception was -9.36%, smaller than the maximum VVR drawdown of -73.79%. Use the drawdown chart below to compare losses from any high point for BUYW and VVR.

Drawdown Indicators

	BUYW	VVR	Difference
Max Drawdown Largest peak-to-trough decline	-9.36%	-73.79%	+64.43%
Max Drawdown (1Y) Largest decline over 1 year	-2.59%	-12.65%	+10.06%
Max Drawdown (3Y) Largest decline over 3 years	-9.36%	-19.50%	+10.14%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-55.92%	—
Current Drawdown Current decline from peak	-0.21%	-14.56%	+14.35%
Average Drawdown Average peak-to-trough decline	-0.61%	-10.90%	+10.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.48%	8.05%	-7.57%

Volatility

BUYW vs. VVR - Volatility Comparison

The current volatility for Main Buywrite ETF (BUYW) is 1.02%, while Invesco Senior Income Trust (VVR) has a volatility of 4.34%. This indicates that BUYW experiences smaller price fluctuations and is considered to be less risky than VVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUYW	VVR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.02%	4.34%	-3.32%
Volatility (6M) Calculated over the trailing 6-month period	4.03%	11.83%	-7.80%
Volatility (1Y) Calculated over the trailing 1-year period	4.85%	15.05%	-10.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.47%	16.04%	-7.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.47%	23.59%	-15.12%

Dividends

BUYW vs. VVR - Dividend Comparison

BUYW's dividend yield for the trailing twelve months is around 5.91%, less than VVR's 14.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BUYW Main Buywrite ETF	5.91%	5.89%	5.93%	5.95%	0.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VVR Invesco Senior Income Trust	14.85%	13.94%	13.06%	11.54%	11.46%	7.22%	6.71%	6.22%	6.68%	5.95%	6.41%	7.97%

Frequently Asked Questions

Can I hold both BUYW and VVR in my portfolio?

BUYW and VVR have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUYW or VVR?

VVR has higher volatility (4.34%) compared to BUYW (1.02%). In terms of maximum drawdown, BUYW dropped -9.36% vs VVR's -73.79%.

Which has better risk-adjusted returns?

BUYW currently has the higher Sharpe Ratio (2.03 vs -0.54), 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.