SCA vs. BUYW
SCA (GraniteShares Autocallable SMCI ETF) and BUYW (Main Buywrite ETF) are both Derivative Income funds. Both are actively managed. At a 0.03 correlation, their price movements are largely independent. SCA charges 1.07%/yr vs 1.29%/yr for BUYW.
Performance
SCA vs. BUYW - Performance Comparison
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Returns By Period
SCA
- 1D
- -0.32%
- 1M
- 0.59%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BUYW
- 1D
- -0.07%
- 1M
- 0.99%
- 6M
- 4.47%
- YTD
- 4.78%
- 1Y
- 9.27%
- 3Y*
- 8.72%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.63M | $4.45M | $4.81M | |
| $4.59K | $7.11K | $8.84K |
SCA vs. BUYW - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SCA GraniteShares Autocallable SMCI ETF | -6.10% |
BUYW Main Buywrite ETF | 1.34% |
Correlation
The correlation between SCA and BUYW is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 27, 2026 | 0.03 |
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Return for Risk
SCA vs. BUYW — Risk / Return Rank
SCA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BUYW
SCA vs. BUYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable SMCI ETF (SCA) and Main Buywrite ETF (BUYW). 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.
| SCA | BUYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.59 | — |
| Martin ratioReturn relative to average drawdown | — | 19.15 | — |
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Drawdowns
SCA vs. BUYW - Drawdown Comparison
The maximum SCA drawdown since its inception was -27.40%, which is greater than BUYW's maximum drawdown of -9.36%. Use the drawdown chart below to compare losses from any high point for SCA and BUYW.
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Drawdown Indicators
| SCA | BUYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.40% | -9.36% | -18.04% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.59% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.36% | — |
Current DrawdownCurrent decline from peak | -10.90% | -0.07% | -10.83% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -0.59% | -12.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.49% | — |
Volatility
SCA vs. BUYW - Volatility Comparison
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Volatility by Period
| SCA | BUYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.91% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 62.79% | 4.85% | +57.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.79% | 8.36% | +54.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.79% | 8.36% | +54.43% |
SCA vs. BUYW - Expense Ratio Comparison
SCA has a 1.07% expense ratio, which is lower than BUYW's 1.29% expense ratio.
Dividends
SCA vs. BUYW - Dividend Comparison
SCA's dividend yield for the trailing twelve months is around 7.36%, more than BUYW's 5.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BUYW Main Buywrite ETF | 5.88% | 5.89% | 5.93% | 5.95% | 0.50% |
SCA GraniteShares Autocallable SMCI ETF | 7.36% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCA and BUYW have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SCA is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SCA is cheaper with a 1.07% expense ratio, compared with 1.29% for BUYW.
SCA has the higher dividend yield at 7.36%, compared with 5.88% for BUYW.
They also come from different issuers: GraniteShares and Main Funds. Their fees differ too: 1.07% for SCA and 1.29% for BUYW.
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