IVVB vs. CTIF
IVVB (iShares Large Cap Deep Buffer ETF) and CTIF (Castellan Targeted Income ETF) are both exchange-traded funds - IVVB is a Options Trading fund actively managed by iShares, while CTIF is a Derivative Income fund actively managed by Castellan. Both are actively managed. Over the past year, IVVB returned 13.63% vs 14.52% for CTIF. Their 0.66 correlation means they have sometimes moved together and sometimes differently. IVVB charges 0.50%/yr vs 0.45%/yr for CTIF.
Performance
IVVB vs. CTIF - Performance Comparison
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Returns By Period
In the year-to-date period, IVVB achieves a 5.99% return, which is significantly lower than CTIF's 10.45% return.
IVVB
- 1D
- 0.95%
- 1M
- 1.30%
- 6M
- 4.20%
- YTD
- 5.99%
- 1Y
- 13.63%
- 3Y*
- 12.04%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.87%
CTIF
- 1D
- 1.03%
- 1M
- 5.15%
- 6M
- 7.21%
- YTD
- 10.45%
- 1Y
- 14.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $144.86K | $160.90K | $259.16K | |
| $481.69K | $525.72K | $902.08K |
IVVB vs. CTIF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IVVB iShares Large Cap Deep Buffer ETF | 5.99% | 8.08% |
CTIF Castellan Targeted Income ETF | 10.45% | 3.87% |
Correlation
The correlation between IVVB and CTIF is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025 | 0.66 |
The correlation between IVVB and CTIF has been stable across timeframes, ranging from 0.66 to 0.67 - a consistent structural relationship.
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Return for Risk
IVVB vs. CTIF — Risk / Return Rank
IVVB
CTIF
IVVB vs. CTIF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Deep Buffer ETF (IVVB) and Castellan Targeted Income ETF (CTIF). 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.
| IVVB | CTIF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.20 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 1.55 | +0.84 |
| Martin ratioReturn relative to average drawdown | 9.97 | 5.63 | +4.34 |
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Drawdowns
IVVB vs. CTIF - Drawdown Comparison
The maximum IVVB drawdown since its inception was -13.08%, which is greater than CTIF's maximum drawdown of -9.43%. Use the drawdown chart below to compare losses from any high point for IVVB and CTIF.
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Drawdown Indicators
| IVVB | CTIF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.08% | -9.43% | -3.65% |
Max Drawdown (1Y)Largest decline over 1 year | -5.75% | -9.43% | +3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -13.08% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -1.75% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 2.59% | -1.22% |
Volatility
IVVB vs. CTIF - Volatility Comparison
The current volatility for iShares Large Cap Deep Buffer ETF (IVVB) is 2.57%, while Castellan Targeted Income ETF (CTIF) has a volatility of 3.91%. This indicates that IVVB experiences smaller price fluctuations and is considered to be less risky than CTIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVVB | CTIF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 3.91% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 5.53% | 9.80% | -4.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.70% | 12.71% | -5.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.20% | 12.63% | -3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.20% | 12.63% | -3.43% |
IVVB vs. CTIF - Expense Ratio Comparison
IVVB has a 0.50% expense ratio, which is higher than CTIF's 0.45% expense ratio.
Dividends
IVVB vs. CTIF - Dividend Comparison
IVVB's dividend yield for the trailing twelve months is around 1.16%, less than CTIF's 4.70% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CTIF Castellan Targeted Income ETF | 4.70% | 2.55% | 0.00% |
IVVB iShares Large Cap Deep Buffer ETF | 1.16% | 1.22% | 0.87% |
Frequently Asked Questions
IVVB and CTIF have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CTIF has higher volatility (3.91%) compared to IVVB (2.57%). In terms of maximum drawdown, IVVB dropped -13.08% vs CTIF's -9.43%.
On 1-year performance, CTIF leads with 14.52% vs 13.63% for IVVB. On fees, CTIF is cheaper at 0.45% per year. On volatility, IVVB has been the lower-risk option at 2.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CTIF has performed better with a 14.52% return vs 13.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CTIF is cheaper with a 0.45% expense ratio, compared with 0.50% for IVVB.
CTIF has the higher dividend yield at 4.70%, compared with 1.16% for IVVB.
IVVB is categorized as Options Trading, while CTIF is Derivative Income. They also come from different issuers: iShares and Castellan. Their fees differ too: 0.50% for IVVB and 0.45% for CTIF.
IVVB currently has the higher Sharpe Ratio (1.78 vs 1.15), 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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