RDYY vs. IVVW
RDYY (YieldMax RDDT Option Income Strategy ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. RDYY is actively managed, while IVVW is passively managed. At a 0.41 correlation, their price movements are largely independent. RDYY charges 0.99%/yr vs 0.25%/yr for IVVW.
Performance
RDYY vs. IVVW - Performance Comparison
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Returns By Period
In the year-to-date period, RDYY achieves a -16.60% return, which is significantly lower than IVVW's 6.76% return.
RDYY
- 1D
- -5.19%
- 1M
- 4.81%
- 6M
- -15.11%
- YTD
- -16.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- -0.42%
- 1M
- 1.37%
- 6M
- 6.17%
- YTD
- 6.76%
- 1Y
- 18.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RDYY vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RDYY YieldMax RDDT Option Income Strategy ETF | -16.60% | -5.31% |
IVVW iShares S&P 500 BuyWrite ETF | 6.76% | 7.50% |
Correlation
The correlation between RDYY and IVVW is 0.41, 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 Sep 9, 2025 | 0.41 |
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Return for Risk
RDYY vs. IVVW — Risk / Return Rank
RDYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IVVW
RDYY vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax RDDT Option Income Strategy ETF (RDYY) 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.
| RDYY | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.47 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.13 | — |
| Martin ratioReturn relative to average drawdown | — | 16.61 | — |
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Drawdowns
RDYY vs. IVVW - Drawdown Comparison
The maximum RDYY drawdown since its inception was -51.16%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for RDYY and IVVW.
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Drawdown Indicators
| RDYY | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.16% | -16.79% | -34.37% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.81% | — |
Current DrawdownCurrent decline from peak | -28.87% | -0.42% | -28.45% |
Average DrawdownAverage peak-to-trough decline | -28.70% | -1.69% | -27.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.09% | — |
Volatility
RDYY vs. IVVW - Volatility Comparison
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Volatility by Period
| RDYY | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.51% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 55.59% | 8.19% | +47.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.59% | 12.57% | +43.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.59% | 12.57% | +43.02% |
RDYY vs. IVVW - Expense Ratio Comparison
RDYY has a 0.99% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
RDYY vs. IVVW - Dividend Comparison
RDYY's dividend yield for the trailing twelve months is around 99.32%, more than IVVW's 19.07% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.07% | 18.55% | 13.72% |
RDYY YieldMax RDDT Option Income Strategy ETF | 99.32% | 25.20% | 0.00% |
Frequently Asked Questions
RDYY 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.
On fees, IVVW is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IVVW is cheaper with a 0.25% expense ratio, compared with 0.99% for RDYY.
RDYY has the higher dividend yield at 99.32%, compared with 19.07% for IVVW.
They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for RDYY and 0.25% for IVVW.
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