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 -71.27% vs 17.31% 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
Loading charts...
Returns By Period
In the year-to-date period, COIW achieves a -38.16% return, which is significantly lower than IVVW's 6.01% return.
COIW
- 1D
- -2.97%
- 1M
- -6.46%
- 6M
- -42.90%
- YTD
- -38.16%
- 1Y
- -71.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- -0.70%
- 1M
- 1.46%
- 6M
- 5.16%
- YTD
- 6.01%
- 1Y
- 17.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COIW vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
COIW COIN WeeklyPay™ ETF | -38.16% | -25.92% |
IVVW iShares S&P 500 BuyWrite ETF | 6.01% | 7.45% |
Correlation
The correlation between COIW and IVVW is 0.54, 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 | 0.54 |
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 0.54 to 0.57 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -2.98 | ||
| Sortino ratioReturn per unit of downside risk | -4.47 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.44 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 2.99 | -3.94 |
| Martin ratioReturn relative to average drawdown | -1.35 | 15.82 | -17.17 |
Loading charts...
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.
Loading charts...
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 | -72.00% | -1.12% | -70.88% |
Average DrawdownAverage peak-to-trough decline | -40.87% | -1.69% | -39.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.78% | 1.10% | +51.68% |
Volatility
COIW vs. IVVW - Volatility Comparison
COIN WeeklyPay™ ETF (COIW) has a higher volatility of 19.80% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 2.61%. 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.
Loading charts...
Volatility by Period
| COIW | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.80% | 2.61% | +17.19% |
Volatility (6M)Calculated over the trailing 6-month period | 64.31% | 7.13% | +57.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.05% | 8.23% | +73.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.57% | 12.57% | +77.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.57% | 12.57% | +77.00% |
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 229.45%, more than IVVW's 19.20% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
COIW COIN WeeklyPay™ ETF | 229.45% | 120.37% | 0.00% |
IVVW iShares S&P 500 BuyWrite ETF | 19.20% | 18.55% | 13.72% |
Frequently Asked Questions
COIW and IVVW have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIW has higher volatility (19.80%) compared to IVVW (2.61%). In terms of maximum drawdown, COIW dropped -75.01% vs IVVW's -16.79%.
On 1-year performance, IVVW leads with 17.31% vs -71.27% for COIW. On fees, IVVW is cheaper at 0.25% per year. On volatility, IVVW has been the lower-risk option at 2.61%. 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 17.31% return vs -71.27%. 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 229.45%, compared with 19.20% 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 (2.11 vs -0.87), 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.
Find the right allocation for COIW and IVVW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer