VAIE vs. BUYW

Last updated Jun 8, 2026

VAIE (VegaShares US Equity Autocallable Income ETF) and BUYW (Main Buywrite ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.12, they often move in opposite directions.

Performance

VAIE vs. BUYW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VegaShares US Equity Autocallable Income ETF (VAIE) and Main Buywrite ETF (BUYW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VAIE

• 1D: -2.82%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BUYW

• 1D: -0.55%
• 1M: 0.50%
• YTD: 3.10%
• 6M: 4.42%
• 1Y: 9.38%
• 3Y*: 8.55%
• 5Y*: —
• 10Y*: —

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

VAIE vs. BUYW - Yearly Performance Comparison

	2026 (YTD)
VAIE VegaShares US Equity Autocallable Income ETF	-0.75%
BUYW Main Buywrite ETF	0.29%

Correlation

The correlation between VAIE and BUYW is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 13, 2026	-0.12

Return for Risk

VAIE vs. BUYW — Risk / Return Rank

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

BUYW

BUYW Risk / Return Rank: 73
BUYW Sharpe Ratio Rank: 62
BUYW Sortino Ratio Rank: 68
BUYW Omega Ratio Rank: 69
BUYW Calmar Ratio Rank: 76
BUYW Martin Ratio Rank: 90

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.

VAIE vs. BUYW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VegaShares US Equity Autocallable Income ETF (VAIE) and Main Buywrite ETF (BUYW). 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.

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

Sharpe Ratios by Period

	VAIE	BUYW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	1.15	-1.93

Drawdowns

VAIE vs. BUYW - Drawdown Comparison

The maximum VAIE drawdown since its inception was -3.28%, smaller than the maximum BUYW drawdown of -9.36%. Use the drawdown chart below to compare losses from any high point for VAIE and BUYW.

Drawdown Indicators

	VAIE	BUYW	Difference
Max Drawdown Largest peak-to-trough decline	-3.28%	-9.36%	+6.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.59%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.36%	—
Current Drawdown Current decline from peak	-3.28%	-0.55%	-2.73%
Average Drawdown Average peak-to-trough decline	-0.59%	-0.61%	+0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.48%	—

Volatility

Volatility by Period

	VAIE	BUYW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.93%	4.88%	+9.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	8.47%	+5.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.93%	8.47%	+5.46%

Dividends

VAIE vs. BUYW - Dividend Comparison

VAIE's dividend yield for the trailing twelve months is around 0.96%, less than BUYW's 5.93% yield.

Position	TTM	2025	2024	2023	2022
BUYW Main Buywrite ETF	5.93%	5.89%	5.93%	5.95%	0.50%
VAIE VegaShares US Equity Autocallable Income ETF	0.96%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VAIE and BUYW in my portfolio?

VAIE and BUYW have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, VAIE or BUYW?

BUYW has the higher dividend yield at 5.93%, compared with 0.96% for VAIE.

What is the main difference between VAIE and BUYW?

They also come from different issuers: VegaShares and Main Funds.