RTYY vs. IVVW

Last updated Jun 4, 2026

RTYY (GraniteShares YieldBOOST RIOT ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. RTYY is actively managed, while IVVW is passively managed. A 0.57 correlation means they provide meaningful diversification when combined. RTYY charges 1.07%/yr vs 0.25%/yr for IVVW.

Performance

RTYY vs. IVVW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST RIOT ETF (RTYY) 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, RTYY achieves a 7.96% return, which is significantly higher than IVVW's 4.84% return.

RTYY

• 1D: 0.89%
• 1M: 4.83%
• YTD: 7.96%
• 6M: -8.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVVW

• 1D: -0.02%
• 1M: 1.90%
• YTD: 4.84%
• 6M: 6.58%
• 1Y: 20.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RTYY vs. IVVW - Yearly Performance Comparison

	2026 (YTD)	2025
RTYY GraniteShares YieldBOOST RIOT ETF	7.96%	-13.78%
IVVW iShares S&P 500 BuyWrite ETF	4.84%	1.79%

Correlation

The correlation between RTYY and IVVW is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	0.57

Return for Risk

RTYY vs. IVVW — Risk / Return Rank

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

IVVW

IVVW Risk / Return Rank: 82
IVVW Sharpe Ratio Rank: 82
IVVW Sortino Ratio Rank: 83
IVVW Omega Ratio Rank: 91
IVVW Calmar Ratio Rank: 69
IVVW Martin Ratio Rank: 87

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.

RTYY vs. IVVW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST RIOT ETF (RTYY) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	RTYY	IVVW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.43	1.07	-1.50

Drawdowns

RTYY vs. IVVW - Drawdown Comparison

The maximum RTYY drawdown since its inception was -22.42%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for RTYY and IVVW.

Drawdown Indicators

	RTYY	IVVW	Difference
Max Drawdown Largest peak-to-trough decline	-22.42%	-16.79%	-5.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.81%	—
Current Drawdown Current decline from peak	-8.04%	-0.09%	-7.95%
Average Drawdown Average peak-to-trough decline	-11.79%	-1.75%	-10.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.05%	—

Volatility

Volatility by Period

	RTYY	IVVW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	31.44%	7.40%	+24.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.44%	12.66%	+18.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.44%	12.66%	+18.78%

RTYY vs. IVVW - Expense Ratio Comparison

RTYY has a 1.07% expense ratio, which is higher than IVVW's 0.25% expense ratio.

Dividends

RTYY vs. IVVW - Dividend Comparison

RTYY's dividend yield for the trailing twelve months is around 82.61%, more than IVVW's 19.70% yield.

Position	TTM	2025	2024
IVVW iShares S&P 500 BuyWrite ETF	19.70%	18.55%	13.72%
RTYY GraniteShares YieldBOOST RIOT ETF	82.61%	13.45%	0.00%

Frequently Asked Questions

Can I hold both RTYY and IVVW in my portfolio?

RTYY and IVVW have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RTYY or IVVW?

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.

Which ETF is cheaper, RTYY or IVVW?

IVVW is cheaper with a 0.25% expense ratio, compared with 1.07% for RTYY.

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

RTYY has the higher dividend yield at 82.61%, compared with 19.70% for IVVW.

What is the main difference between RTYY and IVVW?

They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.07% for RTYY and 0.25% for IVVW.