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. At a 0.34 correlation, their price movements are largely independent. 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
- 0.69%
- 1M
- 0.50%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BUYW
- 1D
- -0.14%
- 1M
- 0.57%
- YTD
- 3.32%
- 6M
- 4.49%
- 1Y
- 9.37%
- 3Y*
- 8.49%
- 5Y*
- —
- 10Y*
- —
ODTE vs. BUYW - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ODTE VegaShares SPX NDX RTY Premium Income ETF | 12.03% |
BUYW Main Buywrite ETF | 3.30% |
Correlation
The correlation between ODTE and BUYW is 0.34, 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 Apr 2, 2026 | 0.34 |
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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 | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.63 | — |
| Martin ratioReturn relative to average drawdown | — | 19.46 | — |
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Drawdowns
ODTE vs. BUYW - Drawdown Comparison
The maximum ODTE drawdown since its inception was -4.67%, 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 | -4.67% | -9.36% | +4.69% |
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 | -2.28% | -0.35% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -0.74% | -0.60% | -0.14% |
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 | — | 1.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 4.86% | +10.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 8.45% | +6.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 8.45% | +6.46% |
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 2.43%, less than BUYW's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BUYW Main Buywrite ETF | 5.91% | 5.89% | 5.93% | 5.95% | 0.50% |
ODTE VegaShares SPX NDX RTY Premium Income ETF | 2.43% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ODTE and BUYW have a correlation of 0.34, 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 5.91%, compared with 2.43% for ODTE.
They also come from different issuers: VegaShares and Main Funds. Their fees differ too: 0.76% for ODTE and 1.29% for BUYW.
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