GLDW vs. IVVW
GLDW (Roundhill Gold WeeklyPay ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. GLDW is actively managed, while IVVW is passively managed. At a 0.36 correlation, their price movements are largely independent. GLDW charges 0.99%/yr vs 0.25%/yr for IVVW.
Performance
GLDW vs. IVVW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GLDW achieves a -8.13% return, which is significantly lower than IVVW's 4.01% return.
GLDW
- 1D
- -1.99%
- 1M
- -10.73%
- YTD
- -8.13%
- 6M
- -12.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- -1.24%
- 1M
- 0.16%
- YTD
- 4.01%
- 6M
- 4.08%
- 1Y
- 17.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDW vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | -8.13% | 9.36% |
IVVW iShares S&P 500 BuyWrite ETF | 4.01% | 2.67% |
Correlation
The correlation between GLDW and IVVW is 0.36, 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 Oct 30, 2025 | 0.36 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GLDW vs. IVVW — Risk / Return Rank
GLDW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IVVW
GLDW vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) 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.
| GLDW | 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 | — | 2.99 | — |
| Martin ratioReturn relative to average drawdown | — | 15.95 | — |
Loading charts...
Drawdowns
GLDW vs. IVVW - Drawdown Comparison
The maximum GLDW drawdown since its inception was -30.07%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for GLDW and IVVW.
Loading charts...
Drawdown Indicators
| GLDW | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.07% | -16.79% | -13.28% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.81% | — |
Current DrawdownCurrent decline from peak | -29.51% | -1.37% | -28.14% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -1.73% | -8.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.09% | — |
Volatility
GLDW vs. IVVW - Volatility Comparison
Loading charts...
Volatility by Period
| GLDW | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.45% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.91% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 37.17% | 8.05% | +29.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.17% | 12.69% | +24.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.17% | 12.69% | +24.48% |
GLDW vs. IVVW - Expense Ratio Comparison
GLDW has a 0.99% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
GLDW vs. IVVW - Dividend Comparison
GLDW's dividend yield for the trailing twelve months is around 23.10%, more than IVVW's 19.86% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 23.10% | 3.75% | 0.00% |
IVVW iShares S&P 500 BuyWrite ETF | 19.86% | 18.55% | 13.72% |
Frequently Asked Questions
GLDW 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.
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 GLDW.
GLDW has the higher dividend yield at 23.10%, compared with 19.86% for IVVW.
They also come from different issuers: State Street and iShares. Their fees differ too: 0.99% for GLDW and 0.25% for IVVW.
Find the right allocation for GLDW and IVVW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer