MSR vs. IVVW
MSR (GraniteShares Autocallable MSTR ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. MSR is actively managed, while IVVW is passively managed. At a 0.50 correlation, their price movements are largely independent. MSR charges 1.07%/yr vs 0.25%/yr for IVVW.
Performance
MSR vs. IVVW - Performance Comparison
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Returns By Period
MSR
- 1D
- 12.47%
- 1M
- -40.75%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- -0.02%
- 1M
- 0.38%
- YTD
- 5.13%
- 6M
- 5.14%
- 1Y
- 17.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSR vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MSR GraniteShares Autocallable MSTR ETF | -43.03% |
IVVW iShares S&P 500 BuyWrite ETF | 1.53% |
Correlation
The correlation between MSR and IVVW is 0.50, 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 May 12, 2026 | 0.50 |
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Return for Risk
MSR vs. IVVW — Risk / Return Rank
MSR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IVVW
MSR vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable MSTR ETF (MSR) 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.
| MSR | 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 | — | 2.98 | — |
| Martin ratioReturn relative to average drawdown | — | 15.80 | — |
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Drawdowns
MSR vs. IVVW - Drawdown Comparison
The maximum MSR drawdown since its inception was -50.94%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for MSR and IVVW.
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Drawdown Indicators
| MSR | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.94% | -16.79% | -34.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.81% | — |
Current DrawdownCurrent decline from peak | -44.83% | -0.31% | -44.52% |
Average DrawdownAverage peak-to-trough decline | -19.69% | -1.73% | -17.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.09% | — |
Volatility
MSR vs. IVVW - Volatility Comparison
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Volatility by Period
| MSR | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 73.91% | 8.10% | +65.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.91% | 12.67% | +61.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.91% | 12.67% | +61.24% |
MSR vs. IVVW - Expense Ratio Comparison
MSR has a 1.07% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
MSR vs. IVVW - Dividend Comparison
MSR's dividend yield for the trailing twelve months is around 5.39%, less than IVVW's 19.65% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.65% | 18.55% | 13.72% |
MSR GraniteShares Autocallable MSTR ETF | 5.39% | 0.00% | 0.00% |
Frequently Asked Questions
MSR and IVVW have a correlation of 0.50, 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 MSR.
IVVW has the higher dividend yield at 19.65%, compared with 5.39% for MSR.
They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.07% for MSR and 0.25% for IVVW.
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