CRCO vs. IVVW
CRCO (YieldMax CRCL Option Income Strategy ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. CRCO is actively managed, while IVVW is passively managed. At a 0.40 correlation, their price movements are largely independent. CRCO charges 1.01%/yr vs 0.25%/yr for IVVW.
Performance
CRCO vs. IVVW - Performance Comparison
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Returns By Period
In the year-to-date period, CRCO achieves a -10.55% return, which is significantly lower than IVVW's 6.92% return.
CRCO
- 1D
- 0.89%
- 1M
- -15.21%
- 6M
- -15.09%
- YTD
- -10.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- 0.25%
- 1M
- 3.03%
- 6M
- 6.25%
- YTD
- 6.92%
- 1Y
- 18.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRCO vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCO YieldMax CRCL Option Income Strategy ETF | -10.55% | -38.00% |
IVVW iShares S&P 500 BuyWrite ETF | 6.92% | 5.67% |
Correlation
The correlation between CRCO and IVVW is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025 | 0.40 |
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Return for Risk
CRCO vs. IVVW — Risk / Return Rank
CRCO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IVVW
CRCO vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax CRCL Option Income Strategy ETF (CRCO) 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.
| CRCO | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.49 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.17 | — |
| Martin ratioReturn relative to average drawdown | — | 16.80 | — |
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Drawdowns
CRCO vs. IVVW - Drawdown Comparison
The maximum CRCO drawdown since its inception was -61.75%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for CRCO and IVVW.
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Drawdown Indicators
| CRCO | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.75% | -16.79% | -44.96% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.81% | — |
Current DrawdownCurrent decline from peak | -49.70% | 0.00% | -49.70% |
Average DrawdownAverage peak-to-trough decline | -34.62% | -1.70% | -32.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.09% | — |
Volatility
CRCO vs. IVVW - Volatility Comparison
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Volatility by Period
| CRCO | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 85.06% | 8.15% | +76.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.06% | 12.60% | +72.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.06% | 12.60% | +72.46% |
CRCO vs. IVVW - Expense Ratio Comparison
CRCO has a 1.01% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
CRCO vs. IVVW - Dividend Comparison
CRCO's dividend yield for the trailing twelve months is around 139.69%, more than IVVW's 19.04% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CRCO YieldMax CRCL Option Income Strategy ETF | 139.69% | 35.79% | 0.00% |
IVVW iShares S&P 500 BuyWrite ETF | 19.04% | 18.55% | 13.72% |
Frequently Asked Questions
CRCO and IVVW have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IVVW is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IVVW is cheaper with a 0.25% expense ratio, compared with 1.01% for CRCO.
CRCO has the higher dividend yield at 139.69%, compared with 19.04% for IVVW.
They also come from different issuers: YieldMax and iShares. Their fees differ too: 1.01% for CRCO and 0.25% for IVVW.
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