NUKX vs. IVVW

Last updated Jul 14, 2026

NUKX (Nicholas Nuclear Income ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. NUKX is actively managed, while IVVW is passively managed. A 0.62 correlation means they provide meaningful diversification when combined. NUKX charges 1.07%/yr vs 0.25%/yr for IVVW.

Performance

NUKX vs. IVVW - Performance Comparison

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

Returns By Period

NUKX

• 1D: -4.10%
• 1M: -5.88%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVVW

• 1D: -0.45%
• 1M: 1.92%
• 6M: 5.75%
• YTD: 6.45%
• 1Y: 17.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NUKX vs. IVVW - Yearly Performance Comparison

	2026 (YTD)
NUKX Nicholas Nuclear Income ETF	-20.21%
IVVW iShares S&P 500 BuyWrite ETF	5.05%

Correlation

The correlation between NUKX 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 (All Time) Calculated using the full available price history since Mar 3, 2026	0.62

NUKX vs. IVVW - Sectors Allocation Comparison

Sectors	NUKX	IVVW
Utilities	38.2%	2.1%
Financial Services	16.9%	11.0%
Energy	16.2%	3.2%
Industrials	8.0%	7.9%
Consumer Cyclical	4.2%	10.0%
Consumer Defensive	4.1%	4.6%
Basic Materials	-	1.7%
Communication Services	-	10.8%
Healthcare	-	8.4%
Real Estate	-	1.8%
Technology	-	38.4%

Return for Risk

NUKX vs. IVVW — Risk / Return Rank

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

NUKX

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

IVVW

IVVW Risk / Return Rank: 86
IVVW Sharpe Ratio Rank: 86
IVVW Sortino Ratio Rank: 85
IVVW Omega Ratio Rank: 91
IVVW Calmar Ratio Rank: 76
IVVW Martin Ratio Rank: 91

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.

NUKX vs. IVVW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nicholas Nuclear Income ETF (NUKX) 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.

	NUKX	IVVW	Difference
Sharpe ratio: Return per unit of total volatility	—	2.20	—
Sortino ratio: Return per unit of downside risk	—	3.03	—
Omega ratio: Gain probability vs. loss probability	—	1.47	—
Calmar ratio: Return relative to maximum drawdown	—	3.09	—
Martin ratio: Return relative to average drawdown	—	16.40	—

Drawdowns

NUKX vs. IVVW - Drawdown Comparison

The maximum NUKX drawdown since its inception was -26.61%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for NUKX and IVVW.

Drawdown Indicators

	NUKX	IVVW	Difference
Max Drawdown Largest peak-to-trough decline	-26.61%	-16.79%	-9.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.81%	—
Current Drawdown Current decline from peak	-26.61%	-0.45%	-26.16%
Average Drawdown Average peak-to-trough decline	-10.97%	-1.70%	-9.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.09%	—

Volatility

Volatility by Period

	NUKX	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	49.87%	8.18%	+41.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.87%	12.60%	+37.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.87%	12.60%	+37.27%

NUKX vs. IVVW - Expense Ratio Comparison

NUKX has a 1.07% expense ratio, which is higher than IVVW's 0.25% expense ratio.

Dividends

NUKX vs. IVVW - Dividend Comparison

NUKX's dividend yield for the trailing twelve months is around 5.89%, less than IVVW's 19.13% yield.

Position	TTM	2025	2024
IVVW iShares S&P 500 BuyWrite ETF	19.13%	18.55%	13.72%
NUKX Nicholas Nuclear Income ETF	5.89%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NUKX and IVVW in my portfolio?

NUKX 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.

Which ETF is better, NUKX or IVVW?

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.

Which ETF is cheaper, NUKX or IVVW?

IVVW is cheaper with a 0.25% expense ratio, compared with 1.07% for NUKX.

Which ETF pays a higher dividend yield, NUKX or IVVW?

IVVW has the higher dividend yield at 19.13%, compared with 5.89% for NUKX.

What is the main difference between NUKX and IVVW?

They also come from different issuers: Nicholas Wealth and iShares. Their fees differ too: 1.07% for NUKX and 0.25% for IVVW.