EPD vs. IWMY

Last updated Jun 13, 2026

EPD (Enterprise Products Partners L.P.) is a stock, while IWMY (Defiance R2000 Enhanced Options & 0DTE Income ETF) is Options Trading fund tracking the Russell 2000 Index. Over the past year, EPD returned 24.43% vs 21.26% for IWMY. At a 0.24 correlation, their price movements are largely independent.

Performance

EPD vs. IWMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Enterprise Products Partners L.P. (EPD) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPD achieves a 19.79% return, which is significantly higher than IWMY's 13.70% return.

EPD

• 1D: -0.08%
• 1M: -2.72%
• YTD: 19.79%
• 6M: 19.53%
• 1Y: 24.43%
• 3Y*: 20.73%
• 5Y*: 15.96%
• 10Y*: 10.61%

IWMY

• 1D: 0.68%
• 1M: 2.79%
• YTD: 13.70%
• 6M: 10.66%
• 1Y: 21.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EPD vs. IWMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EPD Enterprise Products Partners L.P.	19.79%	9.45%	28.00%	-0.34%
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	13.70%	10.18%	5.56%	10.06%

Correlation

The correlation between EPD and IWMY is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (All Time) Calculated using the full available price history since Oct 31, 2023	0.24

Over the past year, the correlation between EPD and IWMY has dropped to 0.02 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.

Return for Risk

EPD vs. IWMY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EPD

EPD Risk / Return Rank: 83
EPD Sharpe Ratio Rank: 84
EPD Sortino Ratio Rank: 81
EPD Omega Ratio Rank: 79
EPD Calmar Ratio Rank: 85
EPD Martin Ratio Rank: 88

IWMY

IWMY Risk / Return Rank: 41
IWMY Sharpe Ratio Rank: 42
IWMY Sortino Ratio Rank: 39
IWMY Omega Ratio Rank: 38
IWMY Calmar Ratio Rank: 42
IWMY Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EPD vs. IWMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enterprise Products Partners L.P. (EPD) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). 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.

	EPD	IWMY	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.31	+0.24
Sortino ratio: Return per unit of downside risk	2.24	1.79	+0.46
Omega ratio: Gain probability vs. loss probability	1.28	1.23	+0.05
Calmar ratio: Return relative to maximum drawdown	3.24	1.85	+1.40
Martin ratio: Return relative to average drawdown	9.50	6.03	+3.47

EPD vs. IWMY - Sharpe Ratio Comparison

The current EPD Sharpe Ratio is 1.54, which is comparable to the IWMY Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of EPD and IWMY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EPD vs. IWMY - Drawdown Comparison

The maximum EPD drawdown since its inception was -58.78%, which is greater than IWMY's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for EPD and IWMY.

Drawdown Indicators

	EPD	IWMY	Difference
Max Drawdown Largest peak-to-trough decline	-58.78%	-18.72%	-40.06%
Max Drawdown (1Y) Largest decline over 1 year	-7.56%	-11.57%	+4.01%
Max Drawdown (3Y) Largest decline over 3 years	-15.40%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.06%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-58.04%	—	—
Current Drawdown Current decline from peak	-6.41%	-0.12%	-6.29%
Average Drawdown Average peak-to-trough decline	-10.22%	-2.96%	-7.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	3.54%	-0.96%

Volatility

EPD vs. IWMY - Volatility Comparison

The current volatility for Enterprise Products Partners L.P. (EPD) is 6.00%, while Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) has a volatility of 6.80%. This indicates that EPD experiences smaller price fluctuations and is considered to be less risky than IWMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPD	IWMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	6.80%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	13.27%	13.47%	-0.20%
Volatility (1Y) Calculated over the trailing 1-year period	15.90%	16.36%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.23%	15.94%	+1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.14%	15.94%	+8.20%

Dividends

EPD vs. IWMY - Dividend Comparison

EPD's dividend yield for the trailing twelve months is around 5.88%, less than IWMY's 44.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPD Enterprise Products Partners L.P.	5.88%	6.74%	6.63%	7.51%	7.79%	8.20%	9.09%	6.23%	6.97%	6.29%	5.88%	5.90%
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	44.61%	63.33%	107.92%	11.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EPD and IWMY in my portfolio?

EPD and IWMY have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPD or IWMY?

IWMY has higher volatility (6.80%) compared to EPD (6.00%). In terms of maximum drawdown, EPD dropped -58.78% vs IWMY's -18.72%.

Which has better risk-adjusted returns?

EPD currently has the higher Sharpe Ratio (1.54 vs 1.31), 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.