MSTW vs. IVVW
MSTW (Roundhill MSTR WeeklyPay™ ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. MSTW is actively managed, while IVVW is passively managed. Over the past year, MSTW returned -83.12% vs 18.56% for IVVW. Their 0.45 correlation means their historical movements had little consistent relationship. MSTW charges 0.99%/yr vs 0.25%/yr for IVVW.
Performance
MSTW vs. IVVW - Performance Comparison
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Returns By Period
In the year-to-date period, MSTW achieves a -49.11% return, which is significantly lower than IVVW's 7.09% return.
MSTW
- 1D
- -5.03%
- 1M
- -9.33%
- 6M
- -47.69%
- YTD
- -49.11%
- 1Y
- -83.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -84.93%
IVVW
- 1D
- 0.65%
- 1M
- 1.31%
- 6M
- 6.25%
- YTD
- 7.09%
- 1Y
- 18.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.59M | $1.91M | $2.60M | |
| $1.36M | $1.35M | $3.08M |
MSTW vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTW Roundhill MSTR WeeklyPay™ ETF | -49.11% | -71.40% |
IVVW iShares S&P 500 BuyWrite ETF | 7.09% | 9.98% |
Correlation
The correlation between MSTW and IVVW is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.45 |
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Return for Risk
MSTW vs. IVVW — Risk / Return Rank
MSTW
IVVW
MSTW vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay™ ETF (MSTW) 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.
| MSTW | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.99 | ||
| Sortino ratioReturn per unit of downside risk | -5.11 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.43 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 3.02 | -4.00 |
| Martin ratioReturn relative to average drawdown | -1.35 | 15.69 | -17.04 |
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Drawdowns
MSTW vs. IVVW - Drawdown Comparison
The maximum MSTW drawdown since its inception was -87.29%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for MSTW and IVVW.
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Drawdown Indicators
| MSTW | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.29% | -16.79% | -70.50% |
Max Drawdown (1Y)Largest decline over 1 year | -86.75% | -5.81% | -80.94% |
Current DrawdownCurrent decline from peak | -85.46% | -0.11% | -85.35% |
Average DrawdownAverage peak-to-trough decline | -58.78% | -1.68% | -57.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 63.15% | 1.12% | +62.03% |
Volatility
MSTW vs. IVVW - Volatility Comparison
Roundhill MSTR WeeklyPay™ ETF (MSTW) has a higher volatility of 21.78% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 2.90%. This indicates that MSTW'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
| MSTW | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.78% | 2.90% | +18.88% |
Volatility (6M)Calculated over the trailing 6-month period | 73.44% | 7.28% | +66.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 91.22% | 8.56% | +82.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.37% | 12.56% | +77.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.37% | 12.56% | +77.81% |
MSTW vs. IVVW - Expense Ratio Comparison
MSTW has a 0.99% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
MSTW vs. IVVW - Dividend Comparison
MSTW's dividend yield for the trailing twelve months is around 422.50%, more than IVVW's 19.01% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.01% | 18.55% | 13.72% |
MSTW Roundhill MSTR WeeklyPay™ ETF | 422.50% | 106.94% | 0.00% |
Frequently Asked Questions
MSTW and IVVW have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTW has higher volatility (21.78%) compared to IVVW (2.90%). In terms of maximum drawdown, MSTW dropped -87.29% vs IVVW's -16.79%.
On 1-year performance, IVVW leads with 18.56% vs -83.12% for MSTW. On fees, IVVW is cheaper at 0.25% per year. On volatility, IVVW has been the lower-risk option at 2.90%. 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 18.56% return vs -83.12%. 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 0.99% for MSTW.
MSTW has the higher dividend yield at 422.50%, compared with 19.01% for IVVW.
They also come from different issuers: Roundhill and iShares. Their fees differ too: 0.99% for MSTW and 0.25% for IVVW.
IVVW currently has the higher Sharpe Ratio (2.05 vs -0.93), 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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