IVVW vs. IBIT
IVVW (iShares S&P 500 BuyWrite ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IVVW is a Derivative Income fund tracking the Cboe S&P 500 Enhanced 1% OTM BuyWrite Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, IVVW returned 19.78% vs -43.69% for IBIT. Their 0.40 correlation means their historical movements had little consistent relationship. Both charge a 0.25% expense ratio.
Performance
IVVW vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IVVW achieves a 8.19% return, which is significantly higher than IBIT's -27.17% return.
IVVW
- 1D
- 1.03%
- 1M
- 2.36%
- 6M
- 6.69%
- YTD
- 8.19%
- 1Y
- 19.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.86%
IBIT
- 1D
- 1.46%
- 1M
- 3.70%
- 6M
- -18.23%
- YTD
- -27.17%
- 1Y
- -43.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.33B | $1.34B | $1.65B | |
| $2.08M | $2.12M | $2.68M |
IVVW vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 8.19% | 11.71% | 12.76% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 34.27% |
Correlation
The correlation between IVVW and IBIT is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024 | 0.40 |
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Return for Risk
IVVW vs. IBIT — Risk / Return Rank
IVVW
IBIT
IVVW vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 BuyWrite ETF (IVVW) and iShares Bitcoin Trust ETF (IBIT). 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.
| IVVW | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.31 | ||
| Sortino ratioReturn per unit of downside risk | +4.64 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 0.84 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | -0.82 | +4.24 |
| Martin ratioReturn relative to average drawdown | 17.74 | -1.26 | +18.99 |
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Drawdowns
IVVW vs. IBIT - Drawdown Comparison
The maximum IVVW drawdown since its inception was -16.79%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for IVVW and IBIT.
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Drawdown Indicators
| IVVW | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.79% | -53.30% | +36.51% |
Max Drawdown (1Y)Largest decline over 1 year | -5.81% | -53.30% | +47.49% |
Current DrawdownCurrent decline from peak | 0.00% | -49.28% | +49.28% |
Average DrawdownAverage peak-to-trough decline | -1.68% | -18.29% | +16.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 34.80% | -33.68% |
Volatility
IVVW vs. IBIT - Volatility Comparison
The current volatility for iShares S&P 500 BuyWrite ETF (IVVW) is 3.05%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that IVVW experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVVW | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 8.98% | -5.93% |
Volatility (6M)Calculated over the trailing 6-month period | 7.34% | 33.79% | -26.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.58% | 44.48% | -35.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.57% | 49.57% | -37.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.57% | 49.57% | -37.00% |
IVVW vs. IBIT - Expense Ratio Comparison
Both IVVW and IBIT have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IVVW vs. IBIT - Dividend Comparison
IVVW's dividend yield for the trailing twelve months is around 18.82%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% |
IVVW iShares S&P 500 BuyWrite ETF | 18.82% | 18.55% | 13.72% |
Frequently Asked Questions
IVVW and IBIT have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.98%) compared to IVVW (3.05%). In terms of maximum drawdown, IVVW dropped -16.79% vs IBIT's -53.30%.
On 1-year performance, IVVW leads with 19.78% vs -43.69% for IBIT. Both ETFs have the same 0.25% expense ratio. On volatility, IVVW has been the lower-risk option at 3.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVVW has performed better with a 19.78% return vs -43.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVVW and IBIT have the same expense ratio: 0.25% per year.
IVVW has the higher dividend yield at 18.82%, compared with 0.00% for IBIT.
IVVW is categorized as Derivative Income, while IBIT is Cryptocurrency. IVVW tracks Cboe S&P 500 Enhanced 1% OTM BuyWrite Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant.
IVVW currently has the higher Sharpe Ratio (2.32 vs -0.99), 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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