DISO vs. IVVW
DISO (YieldMax DIS Option Income Strategy ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. DISO is actively managed, while IVVW is passively managed. Over the past year, DISO returned -7.64% vs 20.33% for IVVW. At a 0.41 correlation, their price movements are largely independent. DISO charges 1.01%/yr vs 0.25%/yr for IVVW.
Performance
DISO vs. IVVW - Performance Comparison
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Returns By Period
In the year-to-date period, DISO achieves a -11.11% return, which is significantly lower than IVVW's 5.13% return.
DISO
- 1D
- -0.13%
- 1M
- -0.51%
- YTD
- -11.11%
- 6M
- -4.70%
- 1Y
- -7.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- 0.27%
- 1M
- 1.98%
- YTD
- 5.13%
- 6M
- 6.73%
- 1Y
- 20.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DISO vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DISO YieldMax DIS Option Income Strategy ETF | -11.11% | 2.12% | 1.06% |
IVVW iShares S&P 500 BuyWrite ETF | 5.13% | 11.71% | 12.90% |
Correlation
The correlation between DISO and IVVW is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024 | 0.41 |
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Return for Risk
DISO vs. IVVW — Risk / Return Rank
DISO
IVVW
DISO vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax DIS Option Income Strategy ETF (DISO) 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.
| DISO | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.14 | ||
| Sortino ratioReturn per unit of downside risk | -4.22 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.62 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 3.51 | -3.94 |
| Martin ratioReturn relative to average drawdown | -0.96 | 19.38 | -20.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DISO | IVVW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.38 | 2.76 | -3.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 1.08 | -0.86 |
Drawdowns
DISO vs. IVVW - Drawdown Comparison
The maximum DISO drawdown since its inception was -26.62%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for DISO and IVVW.
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Drawdown Indicators
| DISO | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -16.79% | -9.83% |
Max Drawdown (1Y)Largest decline over 1 year | -18.08% | -5.81% | -12.27% |
Current DrawdownCurrent decline from peak | -13.58% | 0.00% | -13.58% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -1.75% | -5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.96% | 1.05% | +6.91% |
Volatility
DISO vs. IVVW - Volatility Comparison
YieldMax DIS Option Income Strategy ETF (DISO) has a higher volatility of 8.96% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 1.14%. This indicates that DISO'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
| DISO | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.96% | 1.14% | +7.82% |
Volatility (6M)Calculated over the trailing 6-month period | 16.07% | 6.07% | +10.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.22% | 7.40% | +12.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 12.65% | +8.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.52% | 12.65% | +8.87% |
DISO vs. IVVW - Expense Ratio Comparison
DISO has a 1.01% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
DISO vs. IVVW - Dividend Comparison
DISO's dividend yield for the trailing twelve months is around 45.81%, more than IVVW's 19.65% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DISO YieldMax DIS Option Income Strategy ETF | 45.81% | 38.87% | 37.33% | 6.87% |
IVVW iShares S&P 500 BuyWrite ETF | 19.65% | 18.55% | 13.72% | 0.00% |
Frequently Asked Questions
DISO and IVVW have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DISO has higher volatility (8.96%) compared to IVVW (1.14%). In terms of maximum drawdown, DISO dropped -26.62% vs IVVW's -16.79%.
On 1-year performance, IVVW leads with 20.33% vs -7.64% for DISO. 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.
Over the 1-year period, IVVW has performed better with a 20.33% return vs -7.64%. 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 1.01% for DISO.
DISO has the higher dividend yield at 45.81%, compared with 19.65% for IVVW.
They also come from different issuers: YieldMax and iShares. Their fees differ too: 1.01% for DISO and 0.25% for IVVW.
IVVW currently has the higher Sharpe Ratio (2.76 vs -0.38), 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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