IWMY vs. DIV

Last updated Jun 13, 2026

IWMY (Defiance R2000 Enhanced Options & 0DTE Income ETF) and DIV (Global X SuperDividend U.S. ETF) are both exchange-traded funds - IWMY is a Options Trading fund tracking the Russell 2000 Index, while DIV is a Mid Cap Value Equities fund tracking the Indxx SuperDividend® U.S. Low Volatility Index. Both are passively managed. Over the past year, IWMY returned 21.26% vs 15.73% for DIV. A 0.55 correlation means they provide meaningful diversification when combined. IWMY charges 0.99%/yr vs 0.45%/yr for DIV.

Performance

IWMY vs. DIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and Global X SuperDividend U.S. ETF (DIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWMY achieves a 13.70% return, which is significantly lower than DIV's 14.48% return.

IWMY

• 1D: 0.68%
• 1M: 2.79%
• YTD: 13.70%
• 6M: 10.66%
• 1Y: 21.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DIV

• 1D: 0.68%
• 1M: 1.40%
• YTD: 14.48%
• 6M: 13.33%
• 1Y: 15.73%
• 3Y*: 11.89%
• 5Y*: 5.31%
• 10Y*: 4.30%

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

IWMY vs. DIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	13.70%	10.18%	5.56%	10.06%
DIV Global X SuperDividend U.S. ETF	14.48%	3.10%	11.27%	12.66%

Correlation

The correlation between IWMY and DIV is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Oct 31, 2023	0.55

The correlation between IWMY and DIV shifts across timeframes, from 0.43 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IWMY vs. DIV — Risk / Return Rank

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

IWMY

IWMY Risk / Return Rank: 41
IWMY Sharpe Ratio Rank: 42
IWMY Sortino Ratio Rank: 39
IWMY Omega Ratio Rank: 38
IWMY Calmar Ratio Rank: 42
IWMY Martin Ratio Rank: 42

DIV

DIV Risk / Return Rank: 54
DIV Sharpe Ratio Rank: 51
DIV Sortino Ratio Rank: 51
DIV Omega Ratio Rank: 46
DIV Calmar Ratio Rank: 69
DIV Martin Ratio Rank: 55

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.

IWMY vs. DIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and Global X SuperDividend U.S. ETF (DIV). 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.

	IWMY	DIV	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.53	-0.22
Sortino ratio: Return per unit of downside risk	1.79	2.20	-0.42
Omega ratio: Gain probability vs. loss probability	1.23	1.26	-0.03
Calmar ratio: Return relative to maximum drawdown	1.85	3.02	-1.18
Martin ratio: Return relative to average drawdown	6.03	8.43	-2.40

IWMY vs. DIV - Sharpe Ratio Comparison

The current IWMY Sharpe Ratio is 1.31, which is comparable to the DIV Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of IWMY and DIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IWMY vs. DIV - Drawdown Comparison

The maximum IWMY drawdown since its inception was -18.72%, smaller than the maximum DIV drawdown of -52.74%. Use the drawdown chart below to compare losses from any high point for IWMY and DIV.

Drawdown Indicators

	IWMY	DIV	Difference
Max Drawdown Largest peak-to-trough decline	-18.72%	-52.74%	+34.02%
Max Drawdown (1Y) Largest decline over 1 year	-11.57%	-5.23%	-6.34%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.33%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-52.74%	—
Current Drawdown Current decline from peak	-0.12%	-0.73%	+0.61%
Average Drawdown Average peak-to-trough decline	-2.96%	-7.01%	+4.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	1.88%	+1.66%

Volatility

IWMY vs. DIV - Volatility Comparison

Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) has a higher volatility of 6.80% compared to Global X SuperDividend U.S. ETF (DIV) at 3.07%. This indicates that IWMY's price experiences larger fluctuations and is considered to be riskier than DIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWMY	DIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.80%	3.07%	+3.73%
Volatility (6M) Calculated over the trailing 6-month period	13.47%	7.08%	+6.39%
Volatility (1Y) Calculated over the trailing 1-year period	16.36%	10.32%	+6.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.94%	13.69%	+2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.94%	17.98%	-2.04%

IWMY vs. DIV - Expense Ratio Comparison

IWMY has a 0.99% expense ratio, which is higher than DIV's 0.45% expense ratio.

Dividends

IWMY vs. DIV - Dividend Comparison

IWMY's dividend yield for the trailing twelve months is around 44.61%, more than DIV's 6.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIV Global X SuperDividend U.S. ETF	6.61%	7.30%	5.74%	7.13%	6.62%	5.24%	8.01%	7.65%	7.08%	5.92%	6.78%	8.44%
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	44.61%	63.33%	107.92%	11.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IWMY and DIV in my portfolio?

IWMY and DIV have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IWMY or DIV?

IWMY has higher volatility (6.80%) compared to DIV (3.07%). In terms of maximum drawdown, IWMY dropped -18.72% vs DIV's -52.74%.

Which ETF is better, IWMY or DIV?

On 1-year performance, IWMY leads with 21.26% vs 15.73% for DIV. On fees, DIV is cheaper at 0.45% per year. On volatility, DIV has been the lower-risk option at 3.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWMY or DIV?

Over the 1-year period, IWMY has performed better with a 21.26% return vs 15.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWMY or DIV?

DIV is cheaper with a 0.45% expense ratio, compared with 0.99% for IWMY.

Which ETF pays a higher dividend yield, IWMY or DIV?

IWMY has the higher dividend yield at 44.61%, compared with 6.61% for DIV.

What is the main difference between IWMY and DIV?

IWMY is categorized as Options Trading, while DIV is Mid Cap Value Equities. IWMY tracks Russell 2000 Index, while DIV tracks Indxx SuperDividend® U.S. Low Volatility Index. They also come from different issuers: Defiance and Global X. Their fees differ too: 0.99% for IWMY and 0.45% for DIV.

Which has better risk-adjusted returns?

DIV currently has the higher Sharpe Ratio (1.53 vs 1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.