KGLD vs. IVVW

Last updated Apr 1, 2026

Compare and contrast key facts about Kurv Gold Enhanced Income ETF (KGLD) and iShares S&P 500 BuyWrite ETF (IVVW).

KGLD and IVVW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KGLD is an actively managed fund by Kurv. It was launched on Jul 7, 2025. IVVW is a passively managed fund by iShares that tracks the performance of the Cboe S&P 500 Enhanced 1% OTM BuyWrite Index. It was launched on Mar 14, 2024.

Performance

KGLD vs. IVVW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Gold Enhanced Income ETF (KGLD) and iShares S&P 500 BuyWrite ETF (IVVW). The values are adjusted to include any dividend payments, if applicable.

KGLD vs. IVVW - Yearly Performance Comparison

	2026 (YTD)	2025
KGLD Kurv Gold Enhanced Income ETF	10.03%	29.75%
IVVW iShares S&P 500 BuyWrite ETF	-1.71%	10.91%

Returns By Period

In the year-to-date period, KGLD achieves a 10.03% return, which is significantly higher than IVVW's -1.71% return.

KGLD

• 1D: 3.96%
• 1M: -11.65%
• YTD: 10.03%
• 6M: 23.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVVW

• 1D: 2.49%
• 1M: -2.87%
• YTD: -1.71%
• 6M: 3.73%
• 1Y: 13.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KGLD vs. IVVW - Expense Ratio Comparison

KGLD has a 1.00% expense ratio, which is higher than IVVW's 0.25% expense ratio.

KGLD

Kurv Gold Enhanced Income ETF

IVVW

iShares S&P 500 BuyWrite ETF

Return for Risk

KGLD vs. IVVW — Risk / Return Rank

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

IVVW

IVVW Risk / Return Rank: 62
IVVW Sharpe Ratio Rank: 51
IVVW Sortino Ratio Rank: 55
IVVW Omega Ratio Rank: 76
IVVW Calmar Ratio Rank: 52
IVVW Martin Ratio Rank: 74

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.

KGLD vs. IVVW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Gold Enhanced Income ETF (KGLD) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	KGLD	IVVW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.08	0.85	+1.23

Correlation

The correlation between KGLD and IVVW is 0.19, 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

KGLD vs. IVVW - Dividend Comparison

KGLD's dividend yield for the trailing twelve months is around 7.52%, less than IVVW's 19.90% yield.

	TTM	2025	2024
KGLD Kurv Gold Enhanced Income ETF	7.52%	4.59%	0.00%
IVVW iShares S&P 500 BuyWrite ETF	19.90%	18.55%	13.72%

Drawdowns

KGLD vs. IVVW - Drawdown Comparison

The maximum KGLD drawdown since its inception was -20.29%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for KGLD and IVVW.

Drawdown Indicators

	KGLD	IVVW	Difference
Max Drawdown Largest peak-to-trough decline	-20.29%	-16.79%	-3.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.21%	—
Current Drawdown Current decline from peak	-13.89%	-3.47%	-10.42%
Average Drawdown Average peak-to-trough decline	-3.88%	-1.87%	-2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.87%	—

Volatility

Volatility by Period

	KGLD	IVVW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	30.29%	15.56%	+14.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.29%	13.11%	+17.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.29%	13.11%	+17.18%