IWMY vs. TLTW
Compare and contrast key facts about Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW).
IWMY and TLTW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWMY is a passively managed fund by Defiance that tracks the performance of the Russell 2000 Index. It was launched on Oct 30, 2023. TLTW is a passively managed fund by iShares that tracks the performance of the CBOE TLT 2% OTM Buywrite Index (USD). It was launched on Jun 18, 2022. Both IWMY and TLTW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IWMY vs. TLTW - Performance Comparison
Loading graphics...
IWMY vs. TLTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | -1.55% | 10.18% | 5.56% | 9.74% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 1.44% | 11.36% | -2.18% | 7.67% |
Returns By Period
In the year-to-date period, IWMY achieves a -1.55% return, which is significantly lower than TLTW's 1.44% return.
IWMY
- 1D
- 3.43%
- 1M
- -5.25%
- YTD
- -1.55%
- 6M
- -5.22%
- 1Y
- 11.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLTW
- 1D
- 0.22%
- 1M
- -2.98%
- YTD
- 1.44%
- 6M
- 2.22%
- 1Y
- 7.46%
- 3Y*
- 0.70%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IWMY vs. TLTW - Expense Ratio Comparison
IWMY has a 0.99% expense ratio, which is higher than TLTW's 0.35% expense ratio.
Return for Risk
IWMY vs. TLTW — Risk / Return Rank
IWMY
TLTW
IWMY vs. TLTW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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.
| IWMY | TLTW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.65 | 0.84 | -0.19 |
Sortino ratioReturn per unit of downside risk | 0.91 | 1.17 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.15 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.42 | -0.50 |
Martin ratioReturn relative to average drawdown | 2.87 | 3.74 | -0.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IWMY | TLTW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.84 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | -0.03 | +0.67 |
Correlation
The correlation between IWMY and TLTW is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IWMY vs. TLTW - Dividend Comparison
IWMY's dividend yield for the trailing twelve months is around 57.87%, more than TLTW's 13.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 57.87% | 63.33% | 107.92% | 11.34% | 0.00% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 13.66% | 14.82% | 14.47% | 19.59% | 8.71% |
Drawdowns
IWMY vs. TLTW - Drawdown Comparison
The maximum IWMY drawdown since its inception was -18.72%, roughly equal to the maximum TLTW drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for IWMY and TLTW.
Loading graphics...
Drawdown Indicators
| IWMY | TLTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.72% | -18.61% | -0.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -5.80% | -6.75% |
Current DrawdownCurrent decline from peak | -8.54% | -2.98% | -5.56% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -8.49% | +5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 2.20% | +1.81% |
Volatility
IWMY vs. TLTW - Volatility Comparison
Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) has a higher volatility of 7.36% compared to iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) at 3.46%. This indicates that IWMY's price experiences larger fluctuations and is considered to be riskier than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| IWMY | TLTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.36% | 3.46% | +3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 5.80% | +6.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.73% | 8.91% | +8.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 11.55% | +4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.63% | 11.55% | +4.08% |