TSYY vs. IVVW
TSYY (GraniteShares YieldBOOST TSLA ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. TSYY is actively managed, while IVVW is passively managed. Over the past year, TSYY returned -9.90% vs 18.56% for IVVW. Their 0.54 correlation means they have sometimes moved together and sometimes differently. TSYY charges 1.15%/yr vs 0.25%/yr for IVVW.
Performance
TSYY vs. IVVW - Performance Comparison
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Returns By Period
In the year-to-date period, TSYY achieves a -23.02% return, which is significantly lower than IVVW's 7.09% return.
TSYY
- 1D
- 0.67%
- 1M
- -6.99%
- 6M
- -22.45%
- YTD
- -23.02%
- 1Y
- -9.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -25.20%
IVVW
- 1D
- 0.65%
- 1M
- 1.31%
- 6M
- 6.25%
- YTD
- 7.09%
- 1Y
- 18.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.59M | $1.91M | $2.60M | |
| $760.06K | $828.41K | $1.81M |
TSYY vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSYY GraniteShares YieldBOOST TSLA ETF | -23.02% | -15.96% | -3.30% |
IVVW iShares S&P 500 BuyWrite ETF | 7.09% | 11.71% | -1.51% |
Correlation
The correlation between TSYY and IVVW is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024 | 0.54 |
The correlation between TSYY and IVVW has been stable across timeframes, ranging from 0.54 to 0.57 - a consistent structural relationship.
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Return for Risk
TSYY vs. IVVW — Risk / Return Rank
TSYY
IVVW
TSYY vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST TSLA ETF (TSYY) 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.
| TSYY | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -3.24 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.43 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 3.02 | -3.41 |
| Martin ratioReturn relative to average drawdown | -0.70 | 15.69 | -16.39 |
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Drawdowns
TSYY vs. IVVW - Drawdown Comparison
The maximum TSYY drawdown since its inception was -42.66%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for TSYY and IVVW.
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Drawdown Indicators
| TSYY | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.66% | -16.79% | -25.87% |
Max Drawdown (1Y)Largest decline over 1 year | -33.02% | -5.81% | -27.21% |
Current DrawdownCurrent decline from peak | -41.57% | -0.11% | -41.46% |
Average DrawdownAverage peak-to-trough decline | -27.05% | -1.68% | -25.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.04% | 1.12% | +16.92% |
Volatility
TSYY vs. IVVW - Volatility Comparison
GraniteShares YieldBOOST TSLA ETF (TSYY) has a higher volatility of 6.96% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 2.90%. This indicates that TSYY'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.
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Volatility by Period
| TSYY | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 2.90% | +4.06% |
Volatility (6M)Calculated over the trailing 6-month period | 17.02% | 7.28% | +9.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.54% | 8.56% | +20.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.41% | 12.56% | +23.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.41% | 12.56% | +23.85% |
TSYY vs. IVVW - Expense Ratio Comparison
TSYY has a 1.15% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
TSYY vs. IVVW - Dividend Comparison
TSYY's dividend yield for the trailing twelve months is around 256.16%, more than IVVW's 19.01% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.01% | 18.55% | 13.72% |
TSYY GraniteShares YieldBOOST TSLA ETF | 246.79% | 256.64% | 0.19% |
Frequently Asked Questions
TSYY and IVVW have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSYY has higher volatility (6.96%) compared to IVVW (2.90%). In terms of maximum drawdown, TSYY dropped -42.66% vs IVVW's -16.79%.
On 1-year performance, IVVW leads with 18.56% vs -9.90% for TSYY. On fees, IVVW is cheaper at 0.25% per year. On volatility, IVVW has been the lower-risk option at 2.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVVW has performed better with a 18.56% return vs -9.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVVW is cheaper with a 0.25% expense ratio, compared with 1.15% for TSYY.
TSYY has the higher dividend yield at 246.79%, compared with 19.01% for IVVW.
They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.15% for TSYY and 0.25% for IVVW.
IVVW currently has the higher Sharpe Ratio (2.05 vs -0.43), 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.
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