GIF vs. IVVW
GIF (REX Growth & Income Universe ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. GIF is actively managed, while IVVW is passively managed. A 0.57 correlation means they provide meaningful diversification when combined. GIF charges 0.99%/yr vs 0.25%/yr for IVVW.
Performance
GIF vs. IVVW - Performance Comparison
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Returns By Period
GIF
- 1D
- 0.00%
- 1M
- 12,389.21%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- -0.02%
- 1M
- 0.80%
- 6M
- 5.70%
- YTD
- 5.70%
- 1Y
- 17.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GIF vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GIF REX Growth & Income Universe ETF | 12,941.67% |
IVVW iShares S&P 500 BuyWrite ETF | 3.81% |
Correlation
The correlation between GIF and IVVW is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026 | 0.57 |
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Return for Risk
GIF vs. IVVW — Risk / Return Rank
GIF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IVVW
GIF vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for REX Growth & Income Universe ETF (GIF) 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.
| GIF | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.47 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.00 | — |
| Martin ratioReturn relative to average drawdown | — | 15.95 | — |
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Drawdowns
GIF vs. IVVW - Drawdown Comparison
The maximum GIF drawdown since its inception was -12.61%, smaller than the maximum IVVW drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for GIF and IVVW.
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Drawdown Indicators
| GIF | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.61% | -16.79% | +4.18% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.81% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.02% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -1.72% | -2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.09% | — |
Volatility
GIF vs. IVVW - Volatility Comparison
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Volatility by Period
| GIF | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.61% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23,333.19% | 8.09% | +23,325.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23,333.19% | 12.64% | +23,320.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23,333.19% | 12.64% | +23,320.55% |
GIF vs. IVVW - Expense Ratio Comparison
GIF has a 0.99% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
GIF vs. IVVW - Dividend Comparison
GIF's dividend yield for the trailing twelve months is around 109.48%, more than IVVW's 19.26% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GIF REX Growth & Income Universe ETF | 109.48% | 0.00% | 0.00% |
IVVW iShares S&P 500 BuyWrite ETF | 19.26% | 18.55% | 13.72% |
Frequently Asked Questions
GIF and IVVW have a correlation of 0.57, 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 0.99% for GIF.
GIF has the higher dividend yield at 109.48%, compared with 19.26% for IVVW.
They also come from different issuers: REX and iShares. Their fees differ too: 0.99% for GIF and 0.25% for IVVW.
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