IVVW vs. BALI
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.
Correlation
The correlation between IVVW and BALI is 0.91, 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.
Performance
IVVW vs. BALI - Performance Comparison
Key characteristics
IVVW:
0.45
BALI:
0.54
IVVW:
0.77
BALI:
0.83
IVVW:
1.14
BALI:
1.13
IVVW:
0.46
BALI:
0.54
IVVW:
1.94
BALI:
2.06
IVVW:
3.96%
BALI:
4.33%
IVVW:
16.97%
BALI:
16.63%
IVVW:
-16.79%
BALI:
-16.65%
IVVW:
-7.73%
BALI:
-7.75%
Returns By Period
The year-to-date returns for both stocks are quite close, with IVVW having a -4.08% return and BALI slightly lower at -4.25%.
IVVW
-4.08%
8.45%
-2.77%
7.10%
N/A
N/A
BALI
-4.25%
9.48%
-4.99%
7.70%
N/A
N/A
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IVVW vs. BALI - Expense Ratio Comparison
IVVW has a 0.25% expense ratio, which is lower than BALI's 0.35% expense ratio.
Risk-Adjusted Performance
IVVW vs. BALI — Risk-Adjusted Performance Rank
IVVW
BALI
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.
Dividends
IVVW vs. BALI - Dividend Comparison
IVVW's dividend yield for the trailing twelve months is around 17.47%, more than BALI's 8.91% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 17.47% | 13.72% | 0.00% |
BALI Blackrock Advantage Large Cap Income ETF | 8.91% | 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. For additional features, visit the drawdowns tool.
Volatility
IVVW vs. BALI - Volatility Comparison
iShares S&P 500 BuyWrite ETF (IVVW) has a higher volatility of 11.53% compared to Blackrock Advantage Large Cap Income ETF (BALI) at 9.63%. This indicates that IVVW's price experiences larger fluctuations and is considered to be riskier than BALI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.