IWVG.L vs. YMAX
Compare and contrast key facts about iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) and YieldMax Universe Fund of Option Income ETFs (YMAX).
IWVG.L and YMAX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWVG.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Value NR USD. It was launched on Feb 23, 2018. YMAX is an actively managed fund by YieldMax. It was launched on Jan 16, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWVG.L or YMAX.
Key characteristics
| IWVG.L | YMAX | |
|---|---|---|
| Daily Std Dev | 10.58% | 18.47% |
| Max Drawdown | -28.07% | -12.78% |
| Current Drawdown | -3.23% | -6.93% |
Correlation
The correlation between IWVG.L and YMAX is 0.35, 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.
Performance
IWVG.L vs. YMAX - 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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IWVG.L vs. YMAX - Expense Ratio Comparison
IWVG.L has a 0.30% expense ratio, which is lower than YMAX's 1.28% expense ratio.
Risk-Adjusted Performance
IWVG.L vs. YMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) and YieldMax Universe Fund of Option Income ETFs (YMAX). 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
IWVG.L vs. YMAX - Dividend Comparison
IWVG.L's dividend yield for the trailing twelve months is around 3.06%, less than YMAX's 26.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 3.06% | 3.23% | 3.12% | 2.61% | 2.37% | 2.90% | 2.48% |
YMAX YieldMax Universe Fund of Option Income ETFs | 26.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IWVG.L vs. YMAX - Drawdown Comparison
The maximum IWVG.L drawdown since its inception was -28.07%, which is greater than YMAX's maximum drawdown of -12.78%. Use the drawdown chart below to compare losses from any high point for IWVG.L and YMAX. For additional features, visit the drawdowns tool.
Volatility
IWVG.L vs. YMAX - Volatility Comparison
The current volatility for iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) is 4.11%, while YieldMax Universe Fund of Option Income ETFs (YMAX) has a volatility of 5.73%. This indicates that IWVG.L experiences smaller price fluctuations and is considered to be less risky than YMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.