SPCI vs. IVVW

Last updated Jun 24, 2026

SPCI (Tuttle Capital Space Industry Income Blast ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds - SPCI tracks the Syntax Space Industry Index while IVVW tracks the Cboe S&P 500 Enhanced 1% OTM BuyWrite Index. Both are passively managed. At a 0.42 correlation, their price movements are largely independent. SPCI charges 0.99%/yr vs 0.25%/yr for IVVW.

Performance

SPCI vs. IVVW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital Space Industry Income Blast ETF (SPCI) and iShares S&P 500 BuyWrite ETF (IVVW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPCI

• 1D: -2.83%
• 1M: -31.76%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVVW

• 1D: -1.24%
• 1M: 0.16%
• YTD: 4.01%
• 6M: 4.08%
• 1Y: 17.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPCI vs. IVVW - Yearly Performance Comparison

	2026 (YTD)
SPCI Tuttle Capital Space Industry Income Blast ETF	26.28%
IVVW iShares S&P 500 BuyWrite ETF	3.36%

Correlation

The correlation between SPCI and IVVW is 0.42, 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 Mar 12, 2026	0.42

Return for Risk

SPCI vs. IVVW — Risk / Return Rank

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

SPCI

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

IVVW

IVVW Risk / Return Rank: 73
IVVW Sharpe Ratio Rank: 71
IVVW Sortino Ratio Rank: 69
IVVW Omega Ratio Rank: 83
IVVW Calmar Ratio Rank: 63
IVVW Martin Ratio Rank: 83

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.

SPCI vs. IVVW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Space Industry Income Blast ETF (SPCI) 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.

	SPCI	IVVW	Difference
Sharpe ratio: Return per unit of total volatility	—	2.16	—
Sortino ratio: Return per unit of downside risk	—	2.95	—
Omega ratio: Gain probability vs. loss probability	—	1.47	—
Calmar ratio: Return relative to maximum drawdown	—	2.99	—
Martin ratio: Return relative to average drawdown	—	15.95	—

Drawdowns

SPCI vs. IVVW - Drawdown Comparison

The maximum SPCI drawdown since its inception was -41.78%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for SPCI and IVVW.

Drawdown Indicators

	SPCI	IVVW	Difference
Max Drawdown Largest peak-to-trough decline	-41.78%	-16.79%	-24.99%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.81%	—
Current Drawdown Current decline from peak	-41.78%	-1.37%	-40.41%
Average Drawdown Average peak-to-trough decline	-10.13%	-1.73%	-8.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.09%	—

Volatility

Volatility by Period

	SPCI	IVVW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	97.57%	8.05%	+89.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.57%	12.69%	+84.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.57%	12.69%	+84.88%

SPCI vs. IVVW - Expense Ratio Comparison

SPCI has a 0.99% expense ratio, which is higher than IVVW's 0.25% expense ratio.

Dividends

SPCI vs. IVVW - Dividend Comparison

SPCI's dividend yield for the trailing twelve months is around 10.13%, less than IVVW's 19.86% yield.

Position	TTM	2025	2024
IVVW iShares S&P 500 BuyWrite ETF	19.86%	18.55%	13.72%
SPCI Tuttle Capital Space Industry Income Blast ETF	10.13%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPCI and IVVW in my portfolio?

SPCI and IVVW have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPCI 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, SPCI or IVVW?

IVVW is cheaper with a 0.25% expense ratio, compared with 0.99% for SPCI.

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

IVVW has the higher dividend yield at 19.86%, compared with 10.13% for SPCI.

What is the main difference between SPCI and IVVW?

SPCI tracks Syntax Space Industry Index, while IVVW tracks Cboe S&P 500 Enhanced 1% OTM BuyWrite Index. They also come from different issuers: Tuttle and iShares. Their fees differ too: 0.99% for SPCI and 0.25% for IVVW.