NYYY vs. IVVW
NYYY (xETFs NVDA Daily Income ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. NYYY is actively managed, while IVVW is passively managed. A 0.60 correlation means they provide meaningful diversification when combined. NYYY charges 0.99%/yr vs 0.25%/yr for IVVW.
Performance
NYYY vs. IVVW - Performance Comparison
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Returns By Period
NYYY
- 1D
- 0.39%
- 1M
- -4.80%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- -0.36%
- 1M
- 2.47%
- 6M
- 5.53%
- YTD
- 6.04%
- 1Y
- 17.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NYYY vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NYYY xETFs NVDA Daily Income ETF | -13.10% |
IVVW iShares S&P 500 BuyWrite ETF | 2.41% |
Correlation
The correlation between NYYY and IVVW is 0.60, 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 May 15, 2026 | 0.60 |
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Return for Risk
NYYY vs. IVVW — Risk / Return Rank
NYYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IVVW
NYYY vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for xETFs NVDA Daily Income ETF (NYYY) 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.
| NYYY | 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 | — | 3.06 | — |
| Martin ratioReturn relative to average drawdown | — | 16.25 | — |
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Drawdowns
NYYY vs. IVVW - Drawdown Comparison
The maximum NYYY drawdown since its inception was -14.30%, smaller than the maximum IVVW drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for NYYY and IVVW.
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Drawdown Indicators
| NYYY | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.30% | -16.79% | +2.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.81% | — |
Current DrawdownCurrent decline from peak | -13.19% | -0.36% | -12.83% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -1.71% | -5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.09% | — |
Volatility
NYYY vs. IVVW - Volatility Comparison
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Volatility by Period
| NYYY | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.68% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 34.44% | 8.13% | +26.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.44% | 12.63% | +21.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.44% | 12.63% | +21.81% |
NYYY vs. IVVW - Expense Ratio Comparison
NYYY has a 0.99% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
NYYY vs. IVVW - Dividend Comparison
NYYY's dividend yield for the trailing twelve months is around 2.47%, less than IVVW's 19.20% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.20% | 18.55% | 13.72% |
NYYY xETFs NVDA Daily Income ETF | 2.47% | 0.00% | 0.00% |
Frequently Asked Questions
NYYY and IVVW have a correlation of 0.60, 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 0.99% for NYYY.
IVVW has the higher dividend yield at 19.20%, compared with 2.47% for NYYY.
They also come from different issuers: xETFs and iShares. Their fees differ too: 0.99% for NYYY and 0.25% for IVVW.
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