PLTY vs. IVVW
PLTY (YieldMax PLTR Option Income Strategy ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. PLTY is actively managed, while IVVW is passively managed. Over the past year, PLTY returned -14.92% vs 17.28% for IVVW. A 0.50 correlation means they provide meaningful diversification when combined. PLTY charges 0.99%/yr vs 0.25%/yr for IVVW.
Performance
PLTY vs. IVVW - Performance Comparison
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Returns By Period
In the year-to-date period, PLTY achieves a -26.92% return, which is significantly lower than IVVW's 4.01% return.
PLTY
- 1D
- -2.42%
- 1M
- -12.09%
- YTD
- -26.92%
- 6M
- -32.83%
- 1Y
- -14.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- -1.24%
- 1M
- 0.16%
- YTD
- 4.01%
- 6M
- 4.08%
- 1Y
- 17.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTY vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLTY YieldMax PLTR Option Income Strategy ETF | -26.92% | 78.06% | 52.50% |
IVVW iShares S&P 500 BuyWrite ETF | 4.01% | 11.71% | 3.89% |
Correlation
The correlation between PLTY and IVVW is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2024 | 0.50 |
The correlation between PLTY and IVVW has been stable across timeframes, ranging from 0.44 to 0.50 - a consistent structural relationship.
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Return for Risk
PLTY vs. IVVW — Risk / Return Rank
PLTY
IVVW
PLTY vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax PLTR Option Income Strategy ETF (PLTY) 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.
| PLTY | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.51 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.47 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 2.99 | -3.39 |
| Martin ratioReturn relative to average drawdown | -0.79 | 15.95 | -16.74 |
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Drawdowns
PLTY vs. IVVW - Drawdown Comparison
The maximum PLTY drawdown since its inception was -36.62%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for PLTY and IVVW.
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Drawdown Indicators
| PLTY | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.62% | -16.79% | -19.83% |
Max Drawdown (1Y)Largest decline over 1 year | -36.62% | -5.81% | -30.81% |
Current DrawdownCurrent decline from peak | -36.62% | -1.37% | -35.25% |
Average DrawdownAverage peak-to-trough decline | -13.27% | -1.73% | -11.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.00% | 1.09% | +17.91% |
Volatility
PLTY vs. IVVW - Volatility Comparison
YieldMax PLTR Option Income Strategy ETF (PLTY) has a higher volatility of 16.40% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 3.45%. This indicates that PLTY's price experiences larger fluctuations and is considered to be riskier than IVVW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLTY | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.40% | 3.45% | +12.95% |
Volatility (6M)Calculated over the trailing 6-month period | 32.73% | 6.91% | +25.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.35% | 8.05% | +35.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.67% | 12.69% | +39.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.67% | 12.69% | +39.98% |
PLTY vs. IVVW - Expense Ratio Comparison
PLTY has a 0.99% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
PLTY vs. IVVW - Dividend Comparison
PLTY's dividend yield for the trailing twelve months is around 125.34%, more than IVVW's 19.86% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.86% | 18.55% | 13.72% |
PLTY YieldMax PLTR Option Income Strategy ETF | 125.34% | 112.44% | 7.85% |
Frequently Asked Questions
PLTY and IVVW have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTY has higher volatility (16.40%) compared to IVVW (3.45%). In terms of maximum drawdown, PLTY dropped -36.62% vs IVVW's -16.79%.
On 1-year performance, IVVW leads with 17.28% vs -14.92% for PLTY. On fees, IVVW is cheaper at 0.25% per year. On volatility, IVVW has been the lower-risk option at 3.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVVW has performed better with a 17.28% return vs -14.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVVW is cheaper with a 0.25% expense ratio, compared with 0.99% for PLTY.
PLTY has the higher dividend yield at 125.34%, compared with 19.86% for IVVW.
They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for PLTY and 0.25% for IVVW.
IVVW currently has the higher Sharpe Ratio (2.16 vs -0.35), 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.
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