LFGY vs. IVVW
LFGY (YieldMax Crypto Industry & Tech Portfolio Option Income ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. LFGY is actively managed, while IVVW is passively managed. Over the past year, LFGY returned -1.80% vs 16.51% for IVVW. A 0.65 correlation means they provide meaningful diversification when combined. LFGY charges 1.02%/yr vs 0.25%/yr for IVVW.
Performance
LFGY vs. IVVW - Performance Comparison
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Returns By Period
In the year-to-date period, LFGY achieves a 10.26% return, which is significantly higher than IVVW's 4.04% return.
LFGY
- 1D
- -2.04%
- 1M
- -7.41%
- YTD
- 10.26%
- 6M
- 6.48%
- 1Y
- -1.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- -0.02%
- 1M
- -0.15%
- YTD
- 4.04%
- 6M
- 3.95%
- 1Y
- 16.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LFGY vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF | 10.26% | -9.35% |
IVVW iShares S&P 500 BuyWrite ETF | 4.04% | 11.88% |
Correlation
The correlation between LFGY and IVVW is 0.62, 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 | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025 | 0.65 |
The correlation between LFGY and IVVW has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.
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Return for Risk
LFGY vs. IVVW — Risk / Return Rank
LFGY
IVVW
LFGY vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) 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.
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.
| LFGY | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.45 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.85 | -2.90 |
| Martin ratioReturn relative to average drawdown | -0.11 | 15.15 | -15.26 |
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Drawdowns
LFGY vs. IVVW - Drawdown Comparison
The maximum LFGY drawdown since its inception was -35.94%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for LFGY and IVVW.
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Drawdown Indicators
| LFGY | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.94% | -16.79% | -19.15% |
Max Drawdown (1Y)Largest decline over 1 year | -35.94% | -5.81% | -30.13% |
Current DrawdownCurrent decline from peak | -15.78% | -1.35% | -14.43% |
Average DrawdownAverage peak-to-trough decline | -13.95% | -1.73% | -12.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.69% | 1.09% | +15.60% |
Volatility
LFGY vs. IVVW - Volatility Comparison
YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) has a higher volatility of 13.75% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 3.42%. This indicates that LFGY's price experiences larger fluctuations and is considered to be riskier than IVVW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LFGY | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.75% | 3.42% | +10.33% |
Volatility (6M)Calculated over the trailing 6-month period | 31.52% | 6.89% | +24.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.63% | 8.02% | +30.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.38% | 12.67% | +29.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.38% | 12.67% | +29.71% |
LFGY vs. IVVW - Expense Ratio Comparison
LFGY has a 1.02% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
LFGY vs. IVVW - Dividend Comparison
LFGY's dividend yield for the trailing twelve months is around 87.63%, more than IVVW's 19.86% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.86% | 18.55% | 13.72% |
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF | 87.63% | 94.90% | 0.00% |
Frequently Asked Questions
LFGY and IVVW have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LFGY has higher volatility (13.75%) compared to IVVW (3.42%). In terms of maximum drawdown, LFGY dropped -35.94% vs IVVW's -16.79%.
On 1-year performance, IVVW leads with 16.51% vs -1.80% for LFGY. On fees, IVVW is cheaper at 0.25% per year. On volatility, IVVW has been the lower-risk option at 3.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVVW has performed better with a 16.51% return vs -1.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVVW is cheaper with a 0.25% expense ratio, compared with 1.02% for LFGY.
LFGY has the higher dividend yield at 87.63%, compared with 19.86% for IVVW.
They also come from different issuers: YieldMax and iShares. Their fees differ too: 1.02% for LFGY and 0.25% for IVVW.
IVVW currently has the higher Sharpe Ratio (2.07 vs -0.05), 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.
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