TYLG vs. IVVW

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Information Technology Covered Call & Growth ETF (TYLG) and iShares S&P 500 BuyWrite ETF (IVVW).

TYLG and IVVW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TYLG is a passively managed fund by Global X that tracks the performance of the Cboe S&P Technology Select Sector Half BuyWrite Index - Benchmark TR Gross. It was launched on Nov 21, 2022. IVVW is a passively managed fund by iShares that tracks the performance of the Cboe S&P 500 Enhanced 1% OTM BuyWrite Index. It was launched on Mar 14, 2024. Both TYLG and IVVW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TYLG vs. IVVW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Information Technology Covered Call & Growth ETF (TYLG) and iShares S&P 500 BuyWrite ETF (IVVW). The values are adjusted to include any dividend payments, if applicable.

TYLG vs. IVVW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TYLG Global X Information Technology Covered Call & Growth ETF	-2.80%	16.84%	14.15%
IVVW iShares S&P 500 BuyWrite ETF	-1.13%	11.71%	12.90%

Returns By Period

In the year-to-date period, TYLG achieves a -2.80% return, which is significantly lower than IVVW's -1.13% return.

TYLG

• 1D: 1.21%
• 1M: -1.28%
• YTD: -2.80%
• 6M: 0.53%
• 1Y: 24.20%
• 3Y*: 18.19%
• 5Y*: —
• 10Y*: —

IVVW

• 1D: 0.60%
• 1M: -2.43%
• YTD: -1.13%
• 6M: 4.20%
• 1Y: 13.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TYLG vs. IVVW - Expense Ratio Comparison

TYLG has a 0.60% expense ratio, which is higher than IVVW's 0.25% expense ratio.

TYLG

Global X Information Technology Covered Call & Growth ETF

IVVW

iShares S&P 500 BuyWrite ETF

Return for Risk

TYLG vs. IVVW — Risk / Return Rank

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

TYLG

TYLG Risk / Return Rank: 64
TYLG Sharpe Ratio Rank: 57
TYLG Sortino Ratio Rank: 61
TYLG Omega Ratio Rank: 65
TYLG Calmar Ratio Rank: 64
TYLG Martin Ratio Rank: 71

IVVW

IVVW Risk / Return Rank: 57
IVVW Sharpe Ratio Rank: 47
IVVW Sortino Ratio Rank: 51
IVVW Omega Ratio Rank: 73
IVVW Calmar Ratio Rank: 46
IVVW Martin Ratio Rank: 70

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.

TYLG vs. IVVW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Information Technology Covered Call & Growth ETF (TYLG) 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.

	TYLG	IVVW	Difference
Sharpe ratio Return per unit of total volatility	1.04	0.89	+0.14
Sortino ratio Return per unit of downside risk	1.62	1.41	+0.21
Omega ratio Gain probability vs. loss probability	1.25	1.28	-0.03
Calmar ratio Return relative to maximum drawdown	1.75	1.27	+0.48
Martin ratio Return relative to average drawdown	7.90	7.59	+0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TYLG vs. IVVW - Sharpe Ratio Comparison

The current TYLG Sharpe Ratio is 1.04, which is comparable to the IVVW Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of TYLG and IVVW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TYLG	IVVW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	0.89	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	0.88	+0.19

Correlation

The correlation between TYLG and IVVW is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TYLG vs. IVVW - Dividend Comparison

TYLG's dividend yield for the trailing twelve months is around 9.02%, less than IVVW's 19.78% yield.

	TTM	2025	2024	2023	2022
TYLG Global X Information Technology Covered Call & Growth ETF	9.02%	7.66%	7.24%	11.89%	0.51%
IVVW iShares S&P 500 BuyWrite ETF	19.78%	18.55%	13.72%	0.00%	0.00%

Drawdowns

TYLG vs. IVVW - Drawdown Comparison

The maximum TYLG drawdown since its inception was -24.01%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for TYLG and IVVW.

Drawdown Indicators

	TYLG	IVVW	Difference
Max Drawdown Largest peak-to-trough decline	-24.01%	-16.79%	-7.22%
Max Drawdown (1Y) Largest decline over 1 year	-14.26%	-11.21%	-3.05%
Current Drawdown Current decline from peak	-5.50%	-2.90%	-2.60%
Average Drawdown Average peak-to-trough decline	-2.84%	-1.87%	-0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	1.88%	+1.27%

Volatility

TYLG vs. IVVW - Volatility Comparison

Global X Information Technology Covered Call & Growth ETF (TYLG) has a higher volatility of 6.97% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 4.54%. This indicates that TYLG'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

	TYLG	IVVW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.97%	4.54%	+2.43%
Volatility (6M) Calculated over the trailing 6-month period	12.96%	6.63%	+6.33%
Volatility (1Y) Calculated over the trailing 1-year period	23.46%	15.56%	+7.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.34%	13.10%	+6.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.34%	13.10%	+6.24%