IWMY vs. XIMR

Last updated Jun 25, 2026

IWMY (Defiance R2000 Enhanced Options & 0DTE Income ETF) and XIMR (FT Vest U.S. Equity Buffer & Premium Income ETF - March) are both Options Trading funds. IWMY is passively managed, while XIMR is actively managed. Over the past year, IWMY returned 21.49% vs 7.77% for XIMR. A 0.56 correlation means they provide meaningful diversification when combined. IWMY charges 0.99%/yr vs 0.85%/yr for XIMR.

Performance

IWMY vs. XIMR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and FT Vest U.S. Equity Buffer & Premium Income ETF - March (XIMR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWMY achieves a 15.11% return, which is significantly higher than XIMR's 4.18% return.

IWMY

• 1D: 0.15%
• 1M: 3.51%
• YTD: 15.11%
• 6M: 12.53%
• 1Y: 21.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XIMR

• 1D: 0.03%
• 1M: 0.15%
• YTD: 4.18%
• 6M: 4.31%
• 1Y: 7.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IWMY vs. XIMR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	15.11%	10.18%	5.71%
XIMR FT Vest U.S. Equity Buffer & Premium Income ETF - March	4.18%	6.80%	5.75%

Correlation

The correlation between IWMY and XIMR is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Mar 19, 2024	0.56

The correlation between IWMY and XIMR has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.

Return for Risk

IWMY vs. XIMR — Risk / Return Rank

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

IWMY

IWMY Risk / Return Rank: 40
IWMY Sharpe Ratio Rank: 41
IWMY Sortino Ratio Rank: 38
IWMY Omega Ratio Rank: 38
IWMY Calmar Ratio Rank: 41
IWMY Martin Ratio Rank: 41

XIMR

XIMR Risk / Return Rank: 97
XIMR Sharpe Ratio Rank: 97
XIMR Sortino Ratio Rank: 98
XIMR Omega Ratio Rank: 98
XIMR Calmar Ratio Rank: 95
XIMR Martin Ratio Rank: 98

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. XIMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and FT Vest U.S. Equity Buffer & Premium Income ETF - March (XIMR). 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	XIMR	Difference
Sharpe ratio: Return per unit of total volatility	1.32	3.82	-2.50
Sortino ratio: Return per unit of downside risk	1.82	6.91	-5.10
Omega ratio: Gain probability vs. loss probability	1.23	2.19	-0.96
Calmar ratio: Return relative to maximum drawdown	1.87	7.20	-5.34
Martin ratio: Return relative to average drawdown	6.09	57.80	-51.71

IWMY vs. XIMR - Sharpe Ratio Comparison

The current IWMY Sharpe Ratio is 1.32, which is lower than the XIMR Sharpe Ratio of 3.82. The chart below compares the historical Sharpe Ratios of IWMY and XIMR, 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. XIMR - Drawdown Comparison

The maximum IWMY drawdown since its inception was -18.72%, which is greater than XIMR's maximum drawdown of -5.12%. Use the drawdown chart below to compare losses from any high point for IWMY and XIMR.

Drawdown Indicators

	IWMY	XIMR	Difference
Max Drawdown Largest peak-to-trough decline	-18.72%	-5.12%	-13.60%
Max Drawdown (1Y) Largest decline over 1 year	-11.57%	-1.08%	-10.49%
Current Drawdown Current decline from peak	-0.65%	-0.27%	-0.38%
Average Drawdown Average peak-to-trough decline	-2.94%	-0.17%	-2.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	0.13%	+3.41%

Volatility

IWMY vs. XIMR - Volatility Comparison

Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) has a higher volatility of 6.15% compared to FT Vest U.S. Equity Buffer & Premium Income ETF - March (XIMR) at 0.78%. This indicates that IWMY's price experiences larger fluctuations and is considered to be riskier than XIMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWMY	XIMR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.15%	0.78%	+5.37%
Volatility (6M) Calculated over the trailing 6-month period	13.54%	1.79%	+11.75%
Volatility (1Y) Calculated over the trailing 1-year period	16.36%	2.04%	+14.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.93%	4.34%	+11.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.93%	4.34%	+11.59%

IWMY vs. XIMR - Expense Ratio Comparison

IWMY has a 0.99% expense ratio, which is higher than XIMR's 0.85% expense ratio.

Dividends

IWMY vs. XIMR - Dividend Comparison

IWMY's dividend yield for the trailing twelve months is around 43.68%, more than XIMR's 6.43% yield.

Position	TTM	2025	2024	2023
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	43.68%	63.33%	107.92%	11.34%
XIMR FT Vest U.S. Equity Buffer & Premium Income ETF - March	6.43%	6.41%	4.44%	0.00%

Frequently Asked Questions

Can I hold both IWMY and XIMR in my portfolio?

IWMY and XIMR have a correlation of 0.52, 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 XIMR?

IWMY has higher volatility (6.15%) compared to XIMR (0.78%). In terms of maximum drawdown, IWMY dropped -18.72% vs XIMR's -5.12%.

Which ETF is better, IWMY or XIMR?

On 1-year performance, IWMY leads with 21.49% vs 7.77% for XIMR. On fees, XIMR is cheaper at 0.85% per year. On volatility, XIMR has been the lower-risk option at 0.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWMY or XIMR?

Over the 1-year period, IWMY has performed better with a 21.49% return vs 7.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWMY or XIMR?

XIMR is cheaper with a 0.85% expense ratio, compared with 0.99% for IWMY.

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

IWMY has the higher dividend yield at 43.68%, compared with 6.43% for XIMR.

What is the main difference between IWMY and XIMR?

They also come from different issuers: Defiance and FT Vest. Their fees differ too: 0.99% for IWMY and 0.85% for XIMR.

Which has better risk-adjusted returns?

XIMR currently has the higher Sharpe Ratio (3.82 vs 1.32), 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.