IWMW vs. IVVW
Compare and contrast key facts about iShares Russell 2000 BuyWrite ETF (IWMW) and iShares S&P 500 BuyWrite ETF (IVVW).
IWMW and IVVW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both IWMW and IVVW 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: IWMW or IVVW.
Key characteristics
| IWMW | IVVW | |
|---|---|---|
| Daily Std Dev | 14.06% | 9.66% |
| Max Drawdown | -8.36% | -6.20% |
| Current Drawdown | -1.33% | 0.00% |
Correlation
The correlation between IWMW and IVVW 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
IWMW vs. IVVW - 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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IWMW vs. IVVW - Expense Ratio Comparison
IWMW has a 0.39% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Risk-Adjusted Performance
IWMW vs. IVVW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 BuyWrite ETF (IWMW) and iShares S&P 500 BuyWrite ETF (IVVW). 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
IWMW vs. IVVW - Dividend Comparison
IWMW's dividend yield for the trailing twelve months is around 8.68%, more than IVVW's 7.32% yield.
| TTM | |
|---|---|
IWMW iShares Russell 2000 BuyWrite ETF | 8.68% |
IVVW iShares S&P 500 BuyWrite ETF | 7.32% |
Drawdowns
IWMW vs. IVVW - Drawdown Comparison
The maximum IWMW drawdown since its inception was -8.36%, which is greater than IVVW's maximum drawdown of -6.20%. Use the drawdown chart below to compare losses from any high point for IWMW and IVVW. For additional features, visit the drawdowns tool.
Volatility
IWMW vs. IVVW - Volatility Comparison
iShares Russell 2000 BuyWrite ETF (IWMW) has a higher volatility of 2.38% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 1.87%. This indicates that IWMW's price experiences larger fluctuations and is considered to be riskier than IVVW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.