Correlation
The correlation between IVVW and IVV 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. IVV
Compare and contrast key facts about iShares S&P 500 BuyWrite ETF (IVVW) and iShares Core S&P 500 ETF (IVV).
IVVW and IVV 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. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both IVVW and IVV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IVVW or IVV.
Performance
IVVW vs. IVV - Performance Comparison
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Key characteristics
IVVW:
0.46
IVV:
0.70
IVVW:
0.74
IVV:
1.05
IVVW:
1.13
IVV:
1.15
IVVW:
0.44
IVV:
0.69
IVVW:
1.70
IVV:
2.62
IVVW:
4.34%
IVV:
4.93%
IVVW:
17.06%
IVV:
19.73%
IVVW:
-16.79%
IVV:
-55.25%
IVVW:
-6.90%
IVV:
-3.45%
Returns By Period
In the year-to-date period, IVVW achieves a -3.21% return, which is significantly lower than IVV's 1.01% return.
IVVW
-3.21%
1.71%
-3.67%
7.86%
N/A
N/A
N/A
IVV
1.01%
6.43%
-0.85%
13.63%
14.12%
15.92%
12.79%
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IVVW vs. IVV - Expense Ratio Comparison
IVVW has a 0.25% expense ratio, which is higher than IVV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IVVW vs. IVV — Risk-Adjusted Performance Rank
IVVW
IVV
IVVW vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 BuyWrite ETF (IVVW) and iShares Core S&P 500 ETF (IVV). 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.
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Dividends
IVVW vs. IVV - Dividend Comparison
IVVW's dividend yield for the trailing twelve months is around 17.31%, more than IVV's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 17.31% | 13.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.31% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% |
Drawdowns
IVVW vs. IVV - Drawdown Comparison
The maximum IVVW drawdown since its inception was -16.79%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for IVVW and IVV.
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Volatility
IVVW vs. IVV - Volatility Comparison
The current volatility for iShares S&P 500 BuyWrite ETF (IVVW) is 1.99%, while iShares Core S&P 500 ETF (IVV) has a volatility of 4.81%. This indicates that IVVW experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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