MAAY vs. IVVW
MAAY (GraniteShares YieldBOOST MARA ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. MAAY is actively managed, while IVVW is passively managed. At a 0.39 correlation, their price movements are largely independent. MAAY charges 1.07%/yr vs 0.25%/yr for IVVW.
Performance
MAAY vs. IVVW - Performance Comparison
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Returns By Period
In the year-to-date period, MAAY achieves a -18.77% return, which is significantly lower than IVVW's 6.45% return.
MAAY
- 1D
- -0.86%
- 1M
- -2.89%
- 6M
- -26.94%
- YTD
- -18.77%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- -0.45%
- 1M
- 1.92%
- 6M
- 5.75%
- YTD
- 6.45%
- 1Y
- 17.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAAY vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MAAY GraniteShares YieldBOOST MARA ETF | -18.77% | -29.75% |
IVVW iShares S&P 500 BuyWrite ETF | 6.45% | 2.69% |
Correlation
The correlation between MAAY and IVVW is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025 | 0.39 |
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Return for Risk
MAAY vs. IVVW — Risk / Return Rank
MAAY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IVVW
MAAY vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST MARA ETF (MAAY) 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.
| MAAY | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.47 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.09 | — |
| Martin ratioReturn relative to average drawdown | — | 16.40 | — |
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Drawdowns
MAAY vs. IVVW - Drawdown Comparison
The maximum MAAY drawdown since its inception was -45.92%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for MAAY and IVVW.
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Drawdown Indicators
| MAAY | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.92% | -16.79% | -29.13% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.81% | — |
Current DrawdownCurrent decline from peak | -42.93% | -0.45% | -42.48% |
Average DrawdownAverage peak-to-trough decline | -33.51% | -1.70% | -31.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.09% | — |
Volatility
MAAY vs. IVVW - Volatility Comparison
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Volatility by Period
| MAAY | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.98% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 28.73% | 8.18% | +20.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.73% | 12.60% | +16.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.73% | 12.60% | +16.13% |
MAAY vs. IVVW - Expense Ratio Comparison
MAAY has a 1.07% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
MAAY vs. IVVW - Dividend Comparison
MAAY's dividend yield for the trailing twelve months is around 164.37%, more than IVVW's 19.13% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.13% | 18.55% | 13.72% |
MAAY GraniteShares YieldBOOST MARA ETF | 164.37% | 31.22% | 0.00% |
Frequently Asked Questions
MAAY and IVVW have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IVVW is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IVVW is cheaper with a 0.25% expense ratio, compared with 1.07% for MAAY.
MAAY has the higher dividend yield at 164.37%, compared with 19.13% for IVVW.
They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.07% for MAAY and 0.25% for IVVW.
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