EDGE vs. IVVW
EDGE (MRBL Enhanced Equity ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. EDGE is actively managed, while IVVW is passively managed. Over the past year, EDGE returned 25.77% vs 19.14% for IVVW. Their correlation of 0.90 means they have usually moved in the same direction. EDGE charges 0.74%/yr vs 0.25%/yr for IVVW.
Performance
EDGE vs. IVVW - Performance Comparison
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Returns By Period
In the year-to-date period, EDGE achieves a 13.32% return, which is significantly higher than IVVW's 8.65% return.
EDGE
- 1D
- 1.06%
- 1M
- 3.57%
- 6M
- 11.92%
- YTD
- 13.32%
- 1Y
- 25.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.49%
IVVW
- 1D
- 0.42%
- 1M
- 2.78%
- 6M
- 7.77%
- YTD
- 8.65%
- 1Y
- 19.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $38.14K | $142.84K | $123.15K | |
| $1.92M | $2.07M | $2.67M |
EDGE vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EDGE MRBL Enhanced Equity ETF | 13.32% | 12.94% |
IVVW iShares S&P 500 BuyWrite ETF | 8.65% | 9.00% |
Correlation
The correlation between EDGE and IVVW is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2025 | 0.90 |
The correlation between EDGE and IVVW has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
EDGE vs. IVVW — Risk / Return Rank
EDGE
IVVW
EDGE vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MRBL Enhanced Equity ETF (EDGE) 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.
| EDGE | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.47 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 3.31 | -0.43 |
| Martin ratioReturn relative to average drawdown | 14.45 | 17.16 | -2.71 |
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Drawdowns
EDGE vs. IVVW - Drawdown Comparison
The maximum EDGE drawdown since its inception was -20.66%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for EDGE and IVVW.
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Drawdown Indicators
| EDGE | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.66% | -16.79% | -3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -5.81% | -3.20% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -1.67% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.12% | +0.67% |
Volatility
EDGE vs. IVVW - Volatility Comparison
MRBL Enhanced Equity ETF (EDGE) has a higher volatility of 4.24% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 3.01%. This indicates that EDGE'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
| EDGE | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 3.01% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 10.51% | 7.33% | +3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 8.57% | +4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 12.56% | +3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 12.56% | +3.32% |
EDGE vs. IVVW - Expense Ratio Comparison
EDGE has a 0.74% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
EDGE vs. IVVW - Dividend Comparison
EDGE has not paid dividends to shareholders, while IVVW's dividend yield for the trailing twelve months is around 18.43%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EDGE MRBL Enhanced Equity ETF | 0.00% | 0.00% | 0.00% |
IVVW iShares S&P 500 BuyWrite ETF | 18.43% | 18.55% | 13.72% |
Frequently Asked Questions
With a correlation of 0.91, EDGE and IVVW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EDGE has higher volatility (4.24%) compared to IVVW (3.01%). In terms of maximum drawdown, EDGE dropped -20.66% vs IVVW's -16.79%.
On 1-year performance, EDGE leads with 25.77% vs 19.14% for IVVW. On fees, IVVW is cheaper at 0.25% per year. On volatility, IVVW has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EDGE has performed better with a 25.77% return vs 19.14%. 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 0.74% for EDGE.
IVVW has the higher dividend yield at 18.43%, compared with 0.00% for EDGE.
They also come from different issuers: MRBL and iShares. Their fees differ too: 0.74% for EDGE and 0.25% for IVVW.
IVVW currently has the higher Sharpe Ratio (2.26 vs 2.06), 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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