IWMW vs. IPDP

Last updated Jun 4, 2026

IWMW (iShares Russell 2000 BuyWrite ETF) and IPDP (Dividend Performers ETF) are both Derivative Income funds. IWMW is passively managed, while IPDP is actively managed. IWMW charges 0.39%/yr vs 1.52%/yr for IPDP.

Performance

IWMW vs. IPDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 2000 BuyWrite ETF (IWMW) and Dividend Performers ETF (IPDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IWMW

• 1D: -0.34%
• 1M: 3.04%
• YTD: 8.49%
• 6M: 8.94%
• 1Y: 24.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPDP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IWMW vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
IWMW iShares Russell 2000 BuyWrite ETF	5.32%
IPDP Dividend Performers ETF	0.00%

IWMW vs. IPDP - Sectors Allocation Comparison

Sectors	IWMW	IPDP
Technology	19.2%	13.1%
Industrials	17.6%	45.1%
Healthcare	16.6%	13.6%
Financial Services	16.0%	18.6%
Consumer Cyclical	7.8%	3.6%
Energy	6.4%	-
Real Estate	5.8%	-
Basic Materials	4.8%	1.5%
Utilities	3.1%	-
Consumer Defensive	2.2%	3.9%
Communication Services	2.0%	-

Return for Risk

IWMW vs. IPDP — Risk / Return Rank

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

IWMW

IWMW Risk / Return Rank: 64
IWMW Sharpe Ratio Rank: 59
IWMW Sortino Ratio Rank: 57
IWMW Omega Ratio Rank: 66
IWMW Calmar Ratio Rank: 71
IWMW Martin Ratio Rank: 67

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. IPDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 BuyWrite ETF (IWMW) and Dividend Performers ETF (IPDP). 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.

	IWMW	IPDP	Difference
Sharpe ratio: Return per unit of total volatility	2.01	—	—
Sortino ratio: Return per unit of downside risk	2.75	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	3.56	—	—
Martin ratio: Return relative to average drawdown	12.33	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IWMW	IPDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	—	—

Drawdowns

IWMW vs. IPDP - Drawdown Comparison

The maximum IWMW drawdown since its inception was -21.82%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IWMW and IPDP.

Drawdown Indicators

	IWMW	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-21.82%	0.00%	-21.82%
Max Drawdown (1Y) Largest decline over 1 year	-6.94%	—	—
Current Drawdown Current decline from peak	-0.34%	0.00%	-0.34%
Average Drawdown Average peak-to-trough decline	-3.85%	0.00%	-3.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	—	—

Volatility

Volatility by Period

	IWMW	IPDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.32%	0.00%	+12.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	0.00%	+16.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.12%	0.00%	+16.12%

IWMW vs. IPDP - Expense Ratio Comparison

IWMW has a 0.39% expense ratio, which is lower than IPDP's 1.52% expense ratio.

Dividends

IWMW vs. IPDP - Dividend Comparison

IWMW's dividend yield for the trailing twelve months is around 22.40%, while IPDP has not paid dividends to shareholders.

Position	TTM	2025	2024
IPDP Dividend Performers ETF	0.00%	0.00%	0.00%
IWMW iShares Russell 2000 BuyWrite ETF	22.40%	20.98%	17.73%

Frequently Asked Questions

Which ETF is better, IWMW or IPDP?

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 IPDP?

IWMW is cheaper with a 0.39% expense ratio, compared with 1.52% for IPDP.

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

IWMW has the higher dividend yield at 22.40%, compared with 0.00% for IPDP.

What is the main difference between IWMW and IPDP?

They also come from different issuers: iShares and Innovative Portfolios. Their fees differ too: 0.39% for IWMW and 1.52% for IPDP.