IVV vs. IWMY
IVV (iShares Core S&P 500 ETF) and IWMY (Defiance R2000 Enhanced Options & 0DTE Income ETF) are both exchange-traded funds - IVV is a S&P 500 fund tracking the S&P 500 Index, while IWMY is a Options Trading fund tracking the Russell 2000 Index. Both are passively managed. Over the past year, IVV returned 24.89% vs 19.66% for IWMY. A 0.74 correlation means they provide meaningful diversification when combined. IVV charges 0.03%/yr vs 0.99%/yr for IWMY.
Performance
IVV vs. IWMY - Performance Comparison
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Returns By Period
In the year-to-date period, IVV achieves a 8.72% return, which is significantly lower than IWMY's 10.55% return.
IVV
- 1D
- 0.24%
- 1M
- 0.23%
- YTD
- 8.72%
- 6M
- 8.76%
- 1Y
- 24.89%
- 3Y*
- 21.44%
- 5Y*
- 13.50%
- 10Y*
- 15.32%
IWMY
- 1D
- 0.63%
- 1M
- -0.57%
- YTD
- 10.55%
- 6M
- 8.47%
- 1Y
- 19.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVV vs. IWMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 8.72% | 17.85% | 24.93% | 14.88% |
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 10.55% | 10.18% | 5.56% | 10.06% |
Correlation
The correlation between IVV and IWMY is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2023 | 0.74 |
The correlation between IVV and IWMY has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.
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Return for Risk
IVV vs. IWMY — Risk / Return Rank
IVV
IWMY
IVV vs. IWMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) 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.
| IVV | IWMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.21 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 1.71 | +1.11 |
| Martin ratioReturn relative to average drawdown | 12.97 | 5.59 | +7.38 |
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
| IVV | IWMY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.23 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.90 | -0.45 |
Drawdowns
IVV vs. IWMY - Drawdown Comparison
The maximum IVV drawdown since its inception was -55.25%, which is greater than IWMY's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for IVV and IWMY.
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Drawdown Indicators
| IVV | IWMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.25% | -18.72% | -36.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -11.57% | +2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | — | — |
Current DrawdownCurrent decline from peak | -2.67% | -2.89% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -2.98% | -7.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 3.53% | -1.61% |
Volatility
IVV vs. IWMY - Volatility Comparison
The current volatility for iShares Core S&P 500 ETF (IVV) is 3.77%, while Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) has a volatility of 6.26%. This indicates that IVV 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.
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Volatility by Period
| IVV | IWMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 6.26% | -2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 13.20% | -3.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 16.15% | -4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 15.90% | +1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 15.90% | +2.17% |
IVV vs. IWMY - Expense Ratio Comparison
IVV has a 0.03% expense ratio, which is lower than IWMY's 0.99% expense ratio.
Dividends
IVV vs. IWMY - Dividend Comparison
IVV's dividend yield for the trailing twelve months is around 1.09%, less than IWMY's 46.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 1.09% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 46.29% | 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
IVV and IWMY have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWMY has higher volatility (6.26%) compared to IVV (3.77%). In terms of maximum drawdown, IVV dropped -55.25% vs IWMY's -18.72%.
On 1-year performance, IVV leads with 24.89% vs 19.66% for IWMY. On fees, IVV is cheaper at 0.03% per year. On volatility, IVV has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVV has performed better with a 24.89% return vs 19.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVV is cheaper with a 0.03% expense ratio, compared with 0.99% for IWMY.
IWMY has the higher dividend yield at 46.29%, compared with 1.09% for IVV.
IVV is categorized as S&P 500, while IWMY is Options Trading. IVV tracks S&P 500 Index, while IWMY tracks Russell 2000 Index. They also come from different issuers: iShares and Defiance. Their fees differ too: 0.03% for IVV and 0.99% for IWMY.
IVV currently has the higher Sharpe Ratio (2.07 vs 1.23), 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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