COIW vs. IVVW
COIW (COIN WeeklyPay™ ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. COIW is actively managed, while IVVW is passively managed. Over the past year, COIW returned -69.57% vs 16.51% for IVVW. A 0.57 correlation means they provide meaningful diversification when combined. COIW charges 0.99%/yr vs 0.25%/yr for IVVW.
Performance
COIW vs. IVVW - Performance Comparison
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Returns By Period
In the year-to-date period, COIW achieves a -44.80% return, which is significantly lower than IVVW's 4.04% return.
COIW
- 1D
- -6.25%
- 1M
- -25.28%
- YTD
- -44.80%
- 6M
- -48.64%
- 1Y
- -69.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- -0.02%
- 1M
- -0.15%
- YTD
- 4.04%
- 6M
- 3.95%
- 1Y
- 16.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COIW vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
COIW COIN WeeklyPay™ ETF | -44.80% | -25.92% |
IVVW iShares S&P 500 BuyWrite ETF | 4.04% | 7.45% |
Correlation
The correlation between COIW and IVVW is 0.52, 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 | 0.52 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.57 |
The correlation between COIW and IVVW has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.
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Return for Risk
COIW vs. IVVW — Risk / Return Rank
COIW
IVVW
COIW vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for COIN WeeklyPay™ ETF (COIW) 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.
| COIW | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.92 | ||
| Sortino ratioReturn per unit of downside risk | -4.29 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.45 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 2.85 | -3.78 |
| Martin ratioReturn relative to average drawdown | -1.40 | 15.15 | -16.54 |
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Drawdowns
COIW vs. IVVW - Drawdown Comparison
The maximum COIW drawdown since its inception was -75.01%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for COIW and IVVW.
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Drawdown Indicators
| COIW | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.01% | -16.79% | -58.22% |
Max Drawdown (1Y)Largest decline over 1 year | -75.01% | -5.81% | -69.20% |
Current DrawdownCurrent decline from peak | -75.01% | -1.35% | -73.66% |
Average DrawdownAverage peak-to-trough decline | -39.52% | -1.73% | -37.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.83% | 1.09% | +48.74% |
Volatility
COIW vs. IVVW - Volatility Comparison
COIN WeeklyPay™ ETF (COIW) has a higher volatility of 23.13% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 3.42%. This indicates that COIW'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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Volatility by Period
| COIW | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.13% | 3.42% | +19.71% |
Volatility (6M)Calculated over the trailing 6-month period | 63.51% | 6.89% | +56.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.07% | 8.02% | +74.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.41% | 12.67% | +77.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.41% | 12.67% | +77.74% |
COIW vs. IVVW - Expense Ratio Comparison
COIW has a 0.99% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
COIW vs. IVVW - Dividend Comparison
COIW's dividend yield for the trailing twelve months is around 270.96%, more than IVVW's 19.86% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
COIW COIN WeeklyPay™ ETF | 270.96% | 120.37% | 0.00% |
IVVW iShares S&P 500 BuyWrite ETF | 19.86% | 18.55% | 13.72% |
Frequently Asked Questions
COIW and IVVW have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIW has higher volatility (23.13%) compared to IVVW (3.42%). In terms of maximum drawdown, COIW dropped -75.01% vs IVVW's -16.79%.
On 1-year performance, IVVW leads with 16.51% vs -69.57% for COIW. On fees, IVVW is cheaper at 0.25% per year. On volatility, IVVW has been the lower-risk option at 3.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVVW has performed better with a 16.51% return vs -69.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVVW is cheaper with a 0.25% expense ratio, compared with 0.99% for COIW.
COIW has the higher dividend yield at 270.96%, compared with 19.86% for IVVW.
They also come from different issuers: Roundhill and iShares. Their fees differ too: 0.99% for COIW and 0.25% for IVVW.
IVVW currently has the higher Sharpe Ratio (2.07 vs -0.85), 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.
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