SYZ vs. IWMW
SYZ (Lazard US Systematic Small Cap Equity ETF) and IWMW (iShares Russell 2000 BuyWrite ETF) are both exchange-traded funds - SYZ is a Small Cap Blend Equities fund actively managed by Lazard, while IWMW is a Derivative Income fund tracking the Cboe FTSE Russell IWM 2% OTM BuyWrite Index. SYZ is actively managed, while IWMW is passively managed. Their correlation of 0.84 suggests significant overlap in exposure. SYZ charges 0.60%/yr vs 0.39%/yr for IWMW.
Performance
SYZ vs. IWMW - Performance Comparison
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Returns By Period
In the year-to-date period, SYZ achieves a 19.52% return, which is significantly higher than IWMW's 11.78% return.
SYZ
- 1D
- -0.80%
- 1M
- 3.17%
- YTD
- 19.52%
- 6M
- 17.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWMW
- 1D
- -0.44%
- 1M
- 4.25%
- YTD
- 11.78%
- 6M
- 10.58%
- 1Y
- 25.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SYZ vs. IWMW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SYZ Lazard US Systematic Small Cap Equity ETF | 19.52% | 0.54% |
IWMW iShares Russell 2000 BuyWrite ETF | 11.78% | 2.44% |
Correlation
The correlation between SYZ and IWMW is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025 | 0.84 |
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Return for Risk
SYZ vs. IWMW — Risk / Return Rank
SYZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWMW
SYZ vs. IWMW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard US Systematic Small Cap Equity ETF (SYZ) and iShares Russell 2000 BuyWrite ETF (IWMW). 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.
| SYZ | IWMW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.41 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.68 | — |
| Martin ratioReturn relative to average drawdown | — | 12.71 | — |
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Drawdowns
SYZ vs. IWMW - Drawdown Comparison
The maximum SYZ drawdown since its inception was -8.00%, smaller than the maximum IWMW drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for SYZ and IWMW.
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Drawdown Indicators
| SYZ | IWMW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.00% | -21.82% | +13.82% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.94% | — |
Current DrawdownCurrent decline from peak | -0.80% | -0.44% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -3.76% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.01% | — |
Volatility
SYZ vs. IWMW - Volatility Comparison
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Volatility by Period
| SYZ | IWMW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.43% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.31% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.89% | 12.50% | +4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.89% | 16.06% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.89% | 16.06% | +0.83% |
SYZ vs. IWMW - Expense Ratio Comparison
SYZ has a 0.60% expense ratio, which is higher than IWMW's 0.39% expense ratio.
Dividends
SYZ vs. IWMW - Dividend Comparison
SYZ's dividend yield for the trailing twelve months is around 0.24%, less than IWMW's 21.74% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IWMW iShares Russell 2000 BuyWrite ETF | 21.74% | 20.98% | 17.73% |
SYZ Lazard US Systematic Small Cap Equity ETF | 0.24% | 0.00% | 0.00% |
Frequently Asked Questions
SYZ and IWMW have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWMW is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWMW is cheaper with a 0.39% expense ratio, compared with 0.60% for SYZ.
IWMW has the higher dividend yield at 21.74%, compared with 0.24% for SYZ.
SYZ is categorized as Small Cap Blend Equities, while IWMW is Derivative Income. They also come from different issuers: Lazard and iShares. Their fees differ too: 0.60% for SYZ and 0.39% for IWMW.
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