IWMW vs. ACYS

Last updated Jul 15, 2026

IWMW (iShares Russell 2000 BuyWrite ETF) and ACYS (FT Vest Laddered Autocallable Barrier & Resilient Income ETF) are both Derivative Income funds. IWMW is passively managed, while ACYS is actively managed. At a 0.33 correlation, their price movements are largely independent. IWMW charges 0.39%/yr vs 0.75%/yr for ACYS.

Performance

IWMW vs. ACYS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 2000 BuyWrite ETF (IWMW) and FT Vest Laddered Autocallable Barrier & Resilient Income ETF (ACYS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IWMW

• 1D: 0.34%
• 1M: 3.14%
• 6M: 10.14%
• YTD: 13.26%
• 1Y: 24.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACYS

• 1D: 0.20%
• 1M: 0.90%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWMW vs. ACYS - Yearly Performance Comparison

	2026 (YTD)
IWMW iShares Russell 2000 BuyWrite ETF	8.68%
ACYS FT Vest Laddered Autocallable Barrier & Resilient Income ETF	2.20%

Correlation

The correlation between IWMW and ACYS is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 23, 2026	0.33

Return for Risk

IWMW vs. ACYS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWMW

IWMW Risk / Return Rank: 79
IWMW Sharpe Ratio Rank: 77
IWMW Sortino Ratio Rank: 74
IWMW Omega Ratio Rank: 82
IWMW Calmar Ratio Rank: 83
IWMW Martin Ratio Rank: 79

ACYS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWMW vs. ACYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 BuyWrite ETF (IWMW) and FT Vest Laddered Autocallable Barrier & Resilient Income ETF (ACYS). 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.

	IWMW	ACYS	Difference
Sharpe ratio: Return per unit of total volatility	1.93	—	—
Sortino ratio: Return per unit of downside risk	2.65	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	3.48	—	—
Martin ratio: Return relative to average drawdown	12.00	—	—

Drawdowns

IWMW vs. ACYS - Drawdown Comparison

The maximum IWMW drawdown since its inception was -21.82%, which is greater than ACYS's maximum drawdown of -0.63%. Use the drawdown chart below to compare losses from any high point for IWMW and ACYS.

Drawdown Indicators

	IWMW	ACYS	Difference
Max Drawdown Largest peak-to-trough decline	-21.82%	-0.63%	-21.19%
Max Drawdown (1Y) Largest decline over 1 year	-6.94%	—	—
Current Drawdown Current decline from peak	-0.28%	-0.05%	-0.23%
Average Drawdown Average peak-to-trough decline	-3.68%	-0.14%	-3.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	—	—

Volatility

Volatility by Period

	IWMW	ACYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.51%	3.44%	+9.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.90%	3.44%	+12.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.90%	3.44%	+12.46%

IWMW vs. ACYS - Expense Ratio Comparison

IWMW has a 0.39% expense ratio, which is lower than ACYS's 0.75% expense ratio.

Dividends

IWMW vs. ACYS - Dividend Comparison

IWMW's dividend yield for the trailing twelve months is around 21.21%, more than ACYS's 0.60% yield.

Position	TTM	2025	2024
ACYS FT Vest Laddered Autocallable Barrier & Resilient Income ETF	0.60%	0.00%	0.00%
IWMW iShares Russell 2000 BuyWrite ETF	21.21%	20.98%	17.73%

Frequently Asked Questions

Can I hold both IWMW and ACYS in my portfolio?

IWMW and ACYS have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWMW or ACYS?

On fees, IWMW is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWMW or ACYS?

IWMW is cheaper with a 0.39% expense ratio, compared with 0.75% for ACYS.

Which ETF pays a higher dividend yield, IWMW or ACYS?

IWMW has the higher dividend yield at 21.21%, compared with 0.60% for ACYS.

What is the main difference between IWMW and ACYS?

They also come from different issuers: iShares and First Trust. Their fees differ too: 0.39% for IWMW and 0.75% for ACYS.