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IVVW vs. BALI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IVVW and BALI is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

IVVW vs. BALI

Last updated May 30, 2025

Compare and contrast key facts about iShares S&P 500 BuyWrite ETF (IVVW) and Blackrock Advantage Large Cap Income ETF (BALI).

IVVW and BALI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IVVW is a passively managed fund by iShares that tracks the performance of the Cboe S&P 500 Enhanced 1% OTM BuyWrite Index - Benchmark TR Gross. It was launched on Mar 14, 2024. BALI is an actively managed fund by BlackRock. It was launched on Sep 26, 2023.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IVVW or BALI.

Performance

IVVW vs. BALI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 BuyWrite ETF (IVVW) and Blackrock Advantage Large Cap Income ETF (BALI). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

IVVW:

0.46

BALI:

0.68

Sortino Ratio

IVVW:

0.74

BALI:

0.98

Omega Ratio

IVVW:

1.13

BALI:

1.15

Calmar Ratio

IVVW:

0.44

BALI:

0.65

Martin Ratio

IVVW:

1.70

BALI:

2.41

Ulcer Index

IVVW:

4.34%

BALI:

4.49%

Daily Std Dev

IVVW:

17.06%

BALI:

16.99%

Max Drawdown

IVVW:

-16.79%

BALI:

-16.65%

Current Drawdown

IVVW:

-6.90%

BALI:

-3.66%

Returns By Period

IVVW

YTD

-3.21%

1M

1.71%

6M

-3.67%

1Y

7.86%

3Y*

N/A

5Y*

N/A

10Y*

N/A

BALI

YTD

0.00%

1M

5.34%

6M

-2.27%

1Y

11.52%

3Y*

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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iShares S&P 500 BuyWrite ETF

Blackrock Advantage Large Cap Income ETF

IVVW vs. BALI - Expense Ratio Comparison

IVVW has a 0.25% expense ratio, which is lower than BALI's 0.35% expense ratio.

BALI
Blackrock Advantage Large Cap Income ETF
IVVW
iShares S&P 500 BuyWrite ETF
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

IVVW vs. BALI — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVVW
The Risk-Adjusted Performance Rank of IVVW is 4747
Overall Rank
The Sharpe Ratio Rank of IVVW is 4444
Sharpe Ratio Rank
The Sortino Ratio Rank of IVVW is 4141
Sortino Ratio Rank
The Omega Ratio Rank of IVVW is 5555
Omega Ratio Rank
The Calmar Ratio Rank of IVVW is 4747
Calmar Ratio Rank
The Martin Ratio Rank of IVVW is 4747
Martin Ratio Rank
BALI
The Risk-Adjusted Performance Rank of BALI is 6060
Overall Rank
The Sharpe Ratio Rank of BALI is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of BALI is 5555
Sortino Ratio Rank
The Omega Ratio Rank of BALI is 6161
Omega Ratio Rank
The Calmar Ratio Rank of BALI is 6363
Calmar Ratio Rank
The Martin Ratio Rank of BALI is 6060
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IVVW vs. BALI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 BuyWrite ETF (IVVW) and Blackrock Advantage Large Cap Income ETF (BALI). 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.

The current IVVW Sharpe Ratio is 0.46, which is lower than the BALI Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of IVVW and BALI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

IVVW vs. BALI - Dividend Comparison

IVVW's dividend yield for the trailing twelve months is around 17.31%, more than BALI's 8.53% yield.

TTM20242023
IVVW
iShares S&P 500 BuyWrite ETF		17.31%13.72%0.00%
BALI
Blackrock Advantage Large Cap Income ETF		8.53%7.13%2.13%

Drawdowns

IVVW vs. BALI - Drawdown Comparison

The maximum IVVW drawdown since its inception was -16.79%, roughly equal to the maximum BALI drawdown of -16.65%. Use the drawdown chart below to compare losses from any high point for IVVW and BALI.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

IVVW vs. BALI - Volatility Comparison

The current volatility for iShares S&P 500 BuyWrite ETF (IVVW) is 1.99%, while Blackrock Advantage Large Cap Income ETF (BALI) has a volatility of 3.96%. This indicates that IVVW experiences smaller price fluctuations and is considered to be less risky than BALI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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