ODTE vs. BUYW
ODTE (VegaShares SPX NDX RTY Premium Income ETF) and BUYW (Main Buywrite ETF) are both Derivative Income funds. Both are actively managed. Their 0.33 correlation means their historical movements had little consistent relationship. ODTE charges 0.76%/yr vs 1.29%/yr for BUYW.
Performance
ODTE vs. BUYW - Performance Comparison
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Returns By Period
ODTE
- 1D
- 0.36%
- 1M
- -2.35%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BUYW
- 1D
- -0.21%
- 1M
- 0.36%
- 6M
- 4.27%
- YTD
- 4.80%
- 1Y
- 9.05%
- 3Y*
- 8.70%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.69M | $5.12M | $4.85M | |
| $150.19K | $175.13K | $172.74K |
ODTE vs. BUYW - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ODTE VegaShares SPX NDX RTY Premium Income ETF | 8.63% |
BUYW Main Buywrite ETF | 4.77% |
Correlation
The correlation between ODTE and BUYW is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026 | 0.33 |
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Return for Risk
ODTE vs. BUYW — Risk / Return Rank
ODTE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BUYW
ODTE vs. BUYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VegaShares SPX NDX RTY Premium Income ETF (ODTE) and Main Buywrite ETF (BUYW). 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.
| ODTE | BUYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.42 | — |
| Martin ratioReturn relative to average drawdown | — | 18.22 | — |
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Drawdowns
ODTE vs. BUYW - Drawdown Comparison
The maximum ODTE drawdown since its inception was -7.04%, smaller than the maximum BUYW drawdown of -9.36%. Use the drawdown chart below to compare losses from any high point for ODTE and BUYW.
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Drawdown Indicators
| ODTE | BUYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.04% | -9.36% | +2.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.59% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.36% | — |
Current DrawdownCurrent decline from peak | -5.25% | -0.21% | -5.04% |
Average DrawdownAverage peak-to-trough decline | -1.77% | -0.59% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.49% | — |
Volatility
ODTE vs. BUYW - Volatility Comparison
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Volatility by Period
| ODTE | BUYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.91% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.09% | 4.86% | +10.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.09% | 8.34% | +6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.09% | 8.34% | +6.75% |
ODTE vs. BUYW - Expense Ratio Comparison
ODTE has a 0.76% expense ratio, which is lower than BUYW's 1.29% expense ratio.
Dividends
ODTE vs. BUYW - Dividend Comparison
ODTE's dividend yield for the trailing twelve months is around 4.54%, less than BUYW's 5.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BUYW Main Buywrite ETF | 5.92% | 5.89% | 5.93% | 5.95% | 0.50% |
ODTE VegaShares SPX NDX RTY Premium Income ETF | 4.54% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ODTE and BUYW have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ODTE is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ODTE is cheaper with a 0.76% expense ratio, compared with 1.29% for BUYW.
BUYW has the higher dividend yield at 5.92%, compared with 4.54% for ODTE.
They also come from different issuers: VegaShares and Main. Their fees differ too: 0.76% for ODTE and 1.29% for BUYW.
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