IVVW vs. IWMW
Compare and contrast key facts about iShares S&P 500 BuyWrite ETF (IVVW) and iShares Russell 2000 BuyWrite ETF (IWMW).
IVVW and IWMW 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. IWMW is a passively managed fund by iShares that tracks the performance of the Cboe FTSE Russell IWM 2% OTM BuyWrite Index - Benchmark TR Gross. It was launched on Mar 14, 2024. Both IVVW and IWMW 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 IWMW.
Key characteristics
| IVVW | IWMW | |
|---|---|---|
| Daily Std Dev | 9.66% | 14.06% |
| Max Drawdown | -6.20% | -8.36% |
| Current Drawdown | 0.00% | -1.33% |
Correlation
The correlation between IVVW and IWMW is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IVVW vs. IWMW - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IVVW vs. IWMW - Expense Ratio Comparison
IVVW has a 0.25% expense ratio, which is lower than IWMW's 0.39% expense ratio.
Risk-Adjusted Performance
IVVW vs. IWMW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 BuyWrite ETF (IVVW) and iShares Russell 2000 BuyWrite ETF (IWMW). 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.
Not enough dataDividends
IVVW vs. IWMW - Dividend Comparison
IVVW's dividend yield for the trailing twelve months is around 7.32%, less than IWMW's 8.68% yield.
| TTM | |
|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 7.32% |
IWMW iShares Russell 2000 BuyWrite ETF | 8.68% |
Drawdowns
IVVW vs. IWMW - Drawdown Comparison
The maximum IVVW drawdown since its inception was -6.20%, smaller than the maximum IWMW drawdown of -8.36%. Use the drawdown chart below to compare losses from any high point for IVVW and IWMW. For additional features, visit the drawdowns tool.
Volatility
IVVW vs. IWMW - Volatility Comparison
The current volatility for iShares S&P 500 BuyWrite ETF (IVVW) is 1.87%, while iShares Russell 2000 BuyWrite ETF (IWMW) has a volatility of 2.38%. This indicates that IVVW experiences smaller price fluctuations and is considered to be less risky than IWMW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.