OSCV vs. IWMW

Last updated Jun 3, 2026

OSCV (Opus Small Cap Value Plus ETF) and IWMW (iShares Russell 2000 BuyWrite ETF) are both exchange-traded funds - OSCV is a Small Cap Blend Equities fund actively managed by Aptus Capital Advisors, while IWMW is a Derivative Income fund tracking the Cboe FTSE Russell IWM 2% OTM BuyWrite Index. OSCV is actively managed, while IWMW is passively managed. Over the past year, OSCV returned 15.66% vs 26.41% for IWMW. A 0.78 correlation means they provide meaningful diversification when combined. OSCV charges 0.79%/yr vs 0.39%/yr for IWMW.

Performance

OSCV vs. IWMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Opus Small Cap Value Plus ETF (OSCV) and iShares Russell 2000 BuyWrite ETF (IWMW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with OSCV having a 9.18% return and IWMW slightly lower at 8.86%.

OSCV

• 1D: 0.45%
• 1M: -2.06%
• YTD: 9.18%
• 6M: 8.64%
• 1Y: 15.66%
• 3Y*: 10.33%
• 5Y*: 5.36%
• 10Y*: —

IWMW

• 1D: 0.29%
• 1M: 3.05%
• YTD: 8.86%
• 6M: 9.65%
• 1Y: 26.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OSCV vs. IWMW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OSCV Opus Small Cap Value Plus ETF	9.18%	1.35%	7.59%
IWMW iShares Russell 2000 BuyWrite ETF	8.86%	7.82%	6.09%

Correlation

The correlation between OSCV and IWMW is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024	0.78

The correlation between OSCV and IWMW has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.

OSCV vs. IWMW - Sectors Allocation Comparison

Sectors	OSCV	IWMW
Financial Services	27.6%	16.0%
Industrials	17.0%	17.6%
Energy	11.3%	6.4%
Consumer Cyclical	9.9%	7.8%
Real Estate	8.5%	5.8%
Healthcare	8.3%	16.6%
Basic Materials	5.6%	4.8%
Utilities	3.1%	3.1%
Consumer Defensive	2.0%	2.2%
Technology	2.0%	19.2%
Communication Services	-	2.0%

Return for Risk

OSCV vs. IWMW — Risk / Return Rank

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

OSCV

OSCV Risk / Return Rank: 35
OSCV Sharpe Ratio Rank: 33
OSCV Sortino Ratio Rank: 35
OSCV Omega Ratio Rank: 31
OSCV Calmar Ratio Rank: 40
OSCV Martin Ratio Rank: 37

IWMW

IWMW Risk / Return Rank: 68
IWMW Sharpe Ratio Rank: 64
IWMW Sortino Ratio Rank: 62
IWMW Omega Ratio Rank: 71
IWMW Calmar Ratio Rank: 74
IWMW Martin Ratio Rank: 69

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.

OSCV vs. IWMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Opus Small Cap Value Plus ETF (OSCV) and iShares Russell 2000 BuyWrite ETF (IWMW). 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.

	OSCV	IWMW	Difference
Sharpe ratio Return per unit of total volatility	1.18	2.15	-0.98
Sortino ratio Return per unit of downside risk	1.83	2.92	-1.09
Omega ratio Gain probability vs. loss probability	1.21	1.43	-0.22
Calmar ratio Return relative to maximum drawdown	2.02	3.80	-1.78
Martin ratio Return relative to average drawdown	5.97	13.17	-7.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OSCV vs. IWMW - Sharpe Ratio Comparison

The current OSCV Sharpe Ratio is 1.18, which is lower than the IWMW Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of OSCV and IWMW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OSCV	IWMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	2.15	-0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.65	-0.29

Drawdowns

OSCV vs. IWMW - Drawdown Comparison

The maximum OSCV drawdown since its inception was -42.40%, which is greater than IWMW's maximum drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for OSCV and IWMW.

Drawdown Indicators

	OSCV	IWMW	Difference
Max Drawdown Largest peak-to-trough decline	-42.40%	-21.82%	-20.58%
Max Drawdown (1Y) Largest decline over 1 year	-7.55%	-6.94%	-0.61%
Max Drawdown (3Y) Largest decline over 3 years	-22.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.92%	—	—
Current Drawdown Current decline from peak	-2.71%	0.00%	-2.71%
Average Drawdown Average peak-to-trough decline	-7.60%	-3.85%	-3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	2.00%	+0.55%

Volatility

OSCV vs. IWMW - Volatility Comparison

Opus Small Cap Value Plus ETF (OSCV) has a higher volatility of 3.54% compared to iShares Russell 2000 BuyWrite ETF (IWMW) at 3.03%. This indicates that OSCV's price experiences larger fluctuations and is considered to be riskier than IWMW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OSCV	IWMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	3.03%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	9.43%	8.74%	+0.69%
Volatility (1Y) Calculated over the trailing 1-year period	13.35%	12.31%	+1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.25%	16.13%	+1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.91%	16.13%	+4.78%

OSCV vs. IWMW - Expense Ratio Comparison

OSCV has a 0.79% expense ratio, which is higher than IWMW's 0.39% expense ratio.

Dividends

OSCV vs. IWMW - Dividend Comparison

OSCV's dividend yield for the trailing twelve months is around 1.10%, less than IWMW's 24.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IWMW iShares Russell 2000 BuyWrite ETF	24.00%	20.98%	17.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OSCV Opus Small Cap Value Plus ETF	1.10%	1.23%	1.29%	1.55%	1.12%	1.06%	1.11%	1.75%	0.25%

Frequently Asked Questions

Can I hold both OSCV and IWMW in my portfolio?

OSCV and IWMW have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OSCV or IWMW?

OSCV has higher volatility (3.54%) compared to IWMW (3.03%). In terms of maximum drawdown, OSCV dropped -42.40% vs IWMW's -21.82%.

Which ETF is better, OSCV or IWMW?

On 1-year performance, IWMW leads with 26.41% vs 15.66% for OSCV. On fees, IWMW is cheaper at 0.39% per year. On volatility, IWMW has been the lower-risk option at 3.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OSCV or IWMW?

Over the 1-year period, IWMW has performed better with a 26.41% return vs 15.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OSCV or IWMW?

IWMW is cheaper with a 0.39% expense ratio, compared with 0.79% for OSCV.

Which ETF pays a higher dividend yield, OSCV or IWMW?

IWMW has the higher dividend yield at 24.00%, compared with 1.10% for OSCV.

What is the main difference between OSCV and IWMW?

OSCV is categorized as Small Cap Blend Equities, while IWMW is Derivative Income. They also come from different issuers: Aptus Capital Advisors and iShares. Their fees differ too: 0.79% for OSCV and 0.39% for IWMW.

Which has better risk-adjusted returns?

IWMW currently has the higher Sharpe Ratio (2.15 vs 1.18), 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.