RDTY vs. IVVW

Last updated Jun 5, 2026

RDTY (YieldMax™ R2000 0DTE Covered Call Strategy ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. RDTY is actively managed, while IVVW is passively managed. Over the past year, RDTY returned 25.49% vs 20.33% for IVVW. A 0.68 correlation means they provide meaningful diversification when combined. RDTY charges 1.01%/yr vs 0.25%/yr for IVVW.

Performance

RDTY vs. IVVW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) and iShares S&P 500 BuyWrite ETF (IVVW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDTY achieves a 13.72% return, which is significantly higher than IVVW's 5.13% return.

RDTY

• 1D: 0.72%
• 1M: 1.49%
• YTD: 13.72%
• 6M: 13.39%
• 1Y: 25.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVVW

• 1D: 0.27%
• 1M: 1.98%
• YTD: 5.13%
• 6M: 6.73%
• 1Y: 20.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RDTY vs. IVVW - Yearly Performance Comparison

	2026 (YTD)	2025
RDTY YieldMax™ R2000 0DTE Covered Call Strategy ETF	13.72%	10.73%
IVVW iShares S&P 500 BuyWrite ETF	5.13%	13.70%

Correlation

The correlation between RDTY and IVVW is 0.64, 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	0.64
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025	0.68

The correlation between RDTY and IVVW has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.

Return for Risk

RDTY vs. IVVW — Risk / Return Rank

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

RDTY

RDTY Risk / Return Rank: 48
RDTY Sharpe Ratio Rank: 44
RDTY Sortino Ratio Rank: 43
RDTY Omega Ratio Rank: 40
RDTY Calmar Ratio Rank: 57
RDTY Martin Ratio Rank: 55

IVVW

IVVW Risk / Return Rank: 85
IVVW Sharpe Ratio Rank: 85
IVVW Sortino Ratio Rank: 86
IVVW Omega Ratio Rank: 92
IVVW Calmar Ratio Rank: 72
IVVW Martin Ratio Rank: 88

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.

RDTY vs. IVVW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) 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.

	RDTY	IVVW	Difference
Sharpe ratio: Return per unit of total volatility	1.51	2.76	-1.25
Sortino ratio: Return per unit of downside risk	2.15	3.82	-1.67
Omega ratio: Gain probability vs. loss probability	1.26	1.62	-0.36
Calmar ratio: Return relative to maximum drawdown	2.78	3.51	-0.73
Martin ratio: Return relative to average drawdown	9.38	19.38	-10.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDTY vs. IVVW - Sharpe Ratio Comparison

The current RDTY Sharpe Ratio is 1.51, which is lower than the IVVW Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of RDTY and IVVW, 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

	RDTY	IVVW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	2.76	-1.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	1.08	-0.15

Drawdowns

RDTY vs. IVVW - Drawdown Comparison

The maximum RDTY drawdown since its inception was -17.31%, roughly equal to the maximum IVVW drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for RDTY and IVVW.

Drawdown Indicators

	RDTY	IVVW	Difference
Max Drawdown Largest peak-to-trough decline	-17.31%	-16.79%	-0.52%
Max Drawdown (1Y) Largest decline over 1 year	-9.20%	-5.81%	-3.39%
Current Drawdown Current decline from peak	-0.59%	0.00%	-0.59%
Average Drawdown Average peak-to-trough decline	-2.74%	-1.75%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	1.05%	+1.68%

Volatility

RDTY vs. IVVW - Volatility Comparison

YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) has a higher volatility of 5.92% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 1.14%. This indicates that RDTY'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.

Volatility by Period

	RDTY	IVVW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.92%	1.14%	+4.78%
Volatility (6M) Calculated over the trailing 6-month period	12.45%	6.07%	+6.38%
Volatility (1Y) Calculated over the trailing 1-year period	16.98%	7.40%	+9.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.05%	12.65%	+9.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.05%	12.65%	+9.40%

RDTY vs. IVVW - Expense Ratio Comparison

RDTY has a 1.01% expense ratio, which is higher than IVVW's 0.25% expense ratio.

Dividends

RDTY vs. IVVW - Dividend Comparison

RDTY's dividend yield for the trailing twelve months is around 43.97%, more than IVVW's 19.65% yield.

Position	TTM	2025	2024
IVVW iShares S&P 500 BuyWrite ETF	19.65%	18.55%	13.72%
RDTY YieldMax™ R2000 0DTE Covered Call Strategy ETF	43.97%	36.75%	0.00%

Frequently Asked Questions

Can I hold both RDTY and IVVW in my portfolio?

RDTY and IVVW have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDTY or IVVW?

RDTY has higher volatility (5.92%) compared to IVVW (1.14%). In terms of maximum drawdown, RDTY dropped -17.31% vs IVVW's -16.79%.

Which ETF is better, RDTY or IVVW?

On 1-year performance, RDTY leads with 25.49% vs 20.33% for IVVW. On fees, IVVW is cheaper at 0.25% per year. On volatility, IVVW has been the lower-risk option at 1.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDTY or IVVW?

Over the 1-year period, RDTY has performed better with a 25.49% return vs 20.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDTY or IVVW?

IVVW is cheaper with a 0.25% expense ratio, compared with 1.01% for RDTY.

Which ETF pays a higher dividend yield, RDTY or IVVW?

RDTY has the higher dividend yield at 43.97%, compared with 19.65% for IVVW.

What is the main difference between RDTY and IVVW?

They also come from different issuers: YieldMax and iShares. Their fees differ too: 1.01% for RDTY and 0.25% for IVVW.

Which has better risk-adjusted returns?

IVVW currently has the higher Sharpe Ratio (2.76 vs 1.51), 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.