SDVD vs. IVVW

Last updated Jun 4, 2026

SDVD (FT Vest SMID Rising Dividend Achievers Target Income ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds - SDVD tracks the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index while IVVW tracks the Cboe S&P 500 Enhanced 1% OTM BuyWrite Index. Both are passively managed. Over the past year, SDVD returned 19.64% vs 20.07% for IVVW. A 0.60 correlation means they provide meaningful diversification when combined. SDVD charges 0.85%/yr vs 0.25%/yr for IVVW.

Performance

SDVD vs. IVVW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) 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, SDVD achieves a 7.75% return, which is significantly higher than IVVW's 4.84% return.

SDVD

• 1D: -0.22%
• 1M: -1.53%
• YTD: 7.75%
• 6M: 8.14%
• 1Y: 19.64%
• 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)

SDVD vs. IVVW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF	7.75%	8.66%	10.22%
IVVW iShares S&P 500 BuyWrite ETF	4.84%	11.71%	12.90%

Correlation

The correlation between SDVD and IVVW is 0.54, 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	0.54
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024	0.60

The correlation between SDVD and IVVW has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.

Return for Risk

SDVD vs. IVVW — Risk / Return Rank

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

SDVD

SDVD Risk / Return Rank: 43
SDVD Sharpe Ratio Rank: 39
SDVD Sortino Ratio Rank: 43
SDVD Omega Ratio Rank: 38
SDVD Calmar Ratio Rank: 47
SDVD Martin Ratio Rank: 47

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.

SDVD vs. IVVW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) 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.

	SDVD	IVVW	Difference
Sharpe ratio: Return per unit of total volatility	1.38	2.73	-1.34
Sortino ratio: Return per unit of downside risk	2.13	3.77	-1.64
Omega ratio: Gain probability vs. loss probability	1.25	1.61	-0.36
Calmar ratio: Return relative to maximum drawdown	2.25	3.47	-1.22
Martin ratio: Return relative to average drawdown	7.65	19.13	-11.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDVD vs. IVVW - Sharpe Ratio Comparison

The current SDVD Sharpe Ratio is 1.38, which is lower than the IVVW Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of SDVD 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

	SDVD	IVVW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	2.73	-1.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	1.07	-0.30

Drawdowns

SDVD vs. IVVW - Drawdown Comparison

The maximum SDVD drawdown since its inception was -24.17%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for SDVD and IVVW.

Drawdown Indicators

	SDVD	IVVW	Difference
Max Drawdown Largest peak-to-trough decline	-24.17%	-16.79%	-7.38%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-5.81%	-2.95%
Current Drawdown Current decline from peak	-3.31%	-0.09%	-3.22%
Average Drawdown Average peak-to-trough decline	-4.86%	-1.75%	-3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	1.05%	+1.52%

Volatility

SDVD vs. IVVW - Volatility Comparison

FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) has a higher volatility of 3.78% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 1.13%. This indicates that SDVD'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

	SDVD	IVVW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	1.13%	+2.65%
Volatility (6M) Calculated over the trailing 6-month period	10.33%	6.07%	+4.26%
Volatility (1Y) Calculated over the trailing 1-year period	14.31%	7.40%	+6.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.19%	12.66%	+5.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	12.66%	+5.53%

SDVD vs. IVVW - Expense Ratio Comparison

SDVD has a 0.85% expense ratio, which is higher than IVVW's 0.25% expense ratio.

Dividends

SDVD vs. IVVW - Dividend Comparison

SDVD's dividend yield for the trailing twelve months is around 8.95%, less than IVVW's 19.70% yield.

Position	TTM	2025	2024	2023
IVVW iShares S&P 500 BuyWrite ETF	19.70%	18.55%	13.72%	0.00%
SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF	8.95%	8.36%	9.26%	3.18%

Frequently Asked Questions

Can I hold both SDVD and IVVW in my portfolio?

SDVD and IVVW have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDVD or IVVW?

SDVD has higher volatility (3.78%) compared to IVVW (1.13%). In terms of maximum drawdown, SDVD dropped -24.17% vs IVVW's -16.79%.

Which ETF is better, SDVD or IVVW?

On 1-year performance, IVVW leads with 20.07% vs 19.64% for SDVD. On fees, IVVW is cheaper at 0.25% per year. On volatility, IVVW has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDVD or IVVW?

Over the 1-year period, IVVW has performed better with a 20.07% return vs 19.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDVD or IVVW?

IVVW is cheaper with a 0.25% expense ratio, compared with 0.85% for SDVD.

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

IVVW has the higher dividend yield at 19.70%, compared with 8.95% for SDVD.

What is the main difference between SDVD and IVVW?

SDVD tracks Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, while IVVW tracks Cboe S&P 500 Enhanced 1% OTM BuyWrite Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.85% for SDVD and 0.25% for IVVW.

Which has better risk-adjusted returns?

IVVW currently has the higher Sharpe Ratio (2.73 vs 1.38), 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.