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 -16.47% vs 18.56% for IVVW. Their 0.48 correlation means their historical movements had little consistent relationship. 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 -23.00% return, which is significantly lower than IVVW's 7.09% return.
PLTY
- 1D
- 1.10%
- 1M
- -2.83%
- 6M
- -8.14%
- YTD
- -23.00%
- 1Y
- -16.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 50.31%
IVVW
- 1D
- 0.65%
- 1M
- 1.31%
- 6M
- 6.25%
- YTD
- 7.09%
- 1Y
- 18.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.59M | $1.91M | $2.60M | |
| $4.74M | $3.96M | $6.06M |
PLTY vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLTY YieldMax PLTR Option Income Strategy ETF | -23.00% | 78.06% | 52.50% |
IVVW iShares S&P 500 BuyWrite ETF | 7.09% | 11.71% | 3.89% |
Correlation
The correlation between PLTY and IVVW is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2024 | 0.48 |
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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 | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.14 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.43 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 3.02 | -3.46 |
| Martin ratioReturn relative to average drawdown | -0.83 | 15.69 | -16.52 |
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Drawdowns
PLTY vs. IVVW - Drawdown Comparison
The maximum PLTY drawdown since its inception was -41.36%, 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 | -41.36% | -16.79% | -24.57% |
Max Drawdown (1Y)Largest decline over 1 year | -41.36% | -5.81% | -35.55% |
Current DrawdownCurrent decline from peak | -33.22% | -0.11% | -33.11% |
Average DrawdownAverage peak-to-trough decline | -14.41% | -1.68% | -12.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.78% | 1.12% | +20.66% |
Volatility
PLTY vs. IVVW - Volatility Comparison
YieldMax PLTR Option Income Strategy ETF (PLTY) has a higher volatility of 11.37% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 2.90%. 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 | 11.37% | 2.90% | +8.47% |
Volatility (6M)Calculated over the trailing 6-month period | 34.16% | 7.28% | +26.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.02% | 8.56% | +35.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.23% | 12.56% | +39.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.23% | 12.56% | +39.67% |
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 123.19%, more than IVVW's 19.01% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.01% | 18.55% | 13.72% |
PLTY YieldMax PLTR Option Income Strategy ETF | 123.19% | 112.44% | 7.85% |
Frequently Asked Questions
PLTY and IVVW have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTY has higher volatility (11.37%) compared to IVVW (2.90%). In terms of maximum drawdown, PLTY dropped -41.36% vs IVVW's -16.79%.
On 1-year performance, IVVW leads with 18.56% vs -16.47% for PLTY. On fees, IVVW is cheaper at 0.25% per year. On volatility, IVVW has been the lower-risk option at 2.90%. 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 18.56% return vs -16.47%. 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 123.19%, compared with 19.01% 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 (2.05 vs -0.41), 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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