SCA vs. IVVW
SCA (GraniteShares Autocallable SMCI ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. SCA is actively managed, while IVVW is passively managed. A 0.52 correlation means they provide meaningful diversification when combined. SCA charges 1.07%/yr vs 0.25%/yr for IVVW.
Performance
SCA vs. IVVW - Performance Comparison
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Returns By Period
SCA
- 1D
- -0.88%
- 1M
- -19.12%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- -0.02%
- 1M
- 0.82%
- 6M
- 5.66%
- YTD
- 5.70%
- 1Y
- 17.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCA vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SCA GraniteShares Autocallable SMCI ETF | -15.79% |
IVVW iShares S&P 500 BuyWrite ETF | 1.45% |
Correlation
The correlation between SCA and IVVW is 0.52, 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 May 27, 2026 | 0.52 |
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Return for Risk
SCA vs. IVVW — Risk / Return Rank
SCA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IVVW
SCA vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable SMCI ETF (SCA) 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.
| SCA | 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 | — | 3.00 | — |
| Martin ratioReturn relative to average drawdown | — | 15.95 | — |
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Drawdowns
SCA vs. IVVW - Drawdown Comparison
The maximum SCA drawdown since its inception was -20.09%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for SCA and IVVW.
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Drawdown Indicators
| SCA | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.09% | -16.79% | -3.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.81% | — |
Current DrawdownCurrent decline from peak | -20.09% | -0.02% | -20.07% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -1.72% | -7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.09% | — |
Volatility
SCA vs. IVVW - Volatility Comparison
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Volatility by Period
| SCA | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.61% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 49.51% | 8.09% | +41.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.51% | 12.64% | +36.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.51% | 12.64% | +36.87% |
SCA vs. IVVW - Expense Ratio Comparison
SCA has a 1.07% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
SCA vs. IVVW - Dividend Comparison
SCA's dividend yield for the trailing twelve months is around 8.21%, less than IVVW's 19.26% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.26% | 18.55% | 13.72% |
SCA GraniteShares Autocallable SMCI ETF | 8.21% | 0.00% | 0.00% |
Frequently Asked Questions
SCA and IVVW have a correlation of 0.52, 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 1.07% for SCA.
IVVW has the higher dividend yield at 19.26%, compared with 8.21% for SCA.
They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.07% for SCA and 0.25% for IVVW.
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