XBTY vs. IVVW
XBTY (GraniteShares YieldBOOST Bitcoin ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. XBTY is actively managed, while IVVW is passively managed. Over the past year, XBTY returned -39.34% vs 17.28% for IVVW. At a 0.42 correlation, their price movements are largely independent. XBTY charges 0.99%/yr vs 0.25%/yr for IVVW.
Performance
XBTY vs. IVVW - Performance Comparison
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Returns By Period
In the year-to-date period, XBTY achieves a -21.52% return, which is significantly lower than IVVW's 4.01% return.
XBTY
- 1D
- -1.11%
- 1M
- -7.99%
- YTD
- -21.52%
- 6M
- -19.82%
- 1Y
- -39.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- -1.24%
- 1M
- 0.16%
- YTD
- 4.01%
- 6M
- 4.08%
- 1Y
- 17.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XBTY vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XBTY GraniteShares YieldBOOST Bitcoin ETF | -21.52% | -21.19% |
IVVW iShares S&P 500 BuyWrite ETF | 4.01% | 15.90% |
Correlation
The correlation between XBTY and IVVW is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 13, 2025 | 0.42 |
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Return for Risk
XBTY vs. IVVW — Risk / Return Rank
XBTY
IVVW
XBTY vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST Bitcoin ETF (XBTY) 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.
| XBTY | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.59 | ||
| Sortino ratioReturn per unit of downside risk | -5.06 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.47 | -0.72 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 2.99 | -3.83 |
| Martin ratioReturn relative to average drawdown | -1.26 | 15.95 | -17.21 |
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Drawdowns
XBTY vs. IVVW - Drawdown Comparison
The maximum XBTY drawdown since its inception was -47.01%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for XBTY and IVVW.
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Drawdown Indicators
| XBTY | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.01% | -16.79% | -30.22% |
Max Drawdown (1Y)Largest decline over 1 year | -47.01% | -5.81% | -41.20% |
Current DrawdownCurrent decline from peak | -46.83% | -1.37% | -45.46% |
Average DrawdownAverage peak-to-trough decline | -24.05% | -1.73% | -22.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.32% | 1.09% | +30.23% |
Volatility
XBTY vs. IVVW - Volatility Comparison
GraniteShares YieldBOOST Bitcoin ETF (XBTY) has a higher volatility of 4.95% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 3.45%. This indicates that XBTY'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
| XBTY | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 3.45% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 6.91% | +8.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.60% | 8.05% | +19.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.41% | 12.69% | +14.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.41% | 12.69% | +14.72% |
XBTY vs. IVVW - Expense Ratio Comparison
XBTY has a 0.99% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
XBTY vs. IVVW - Dividend Comparison
XBTY's dividend yield for the trailing twelve months is around 226.15%, more than IVVW's 19.86% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.86% | 18.55% | 13.72% |
XBTY GraniteShares YieldBOOST Bitcoin ETF | 226.15% | 102.53% | 0.00% |
Frequently Asked Questions
XBTY and IVVW have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XBTY has higher volatility (4.95%) compared to IVVW (3.45%). In terms of maximum drawdown, XBTY dropped -47.01% vs IVVW's -16.79%.
On 1-year performance, IVVW leads with 17.28% vs -39.34% for XBTY. On fees, IVVW is cheaper at 0.25% per year. On volatility, IVVW has been the lower-risk option at 3.45%. 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 17.28% return vs -39.34%. 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 0.99% for XBTY.
XBTY has the higher dividend yield at 226.15%, compared with 19.86% for IVVW.
They also come from different issuers: GraniteShares and iShares. Their fees differ too: 0.99% for XBTY and 0.25% for IVVW.
IVVW currently has the higher Sharpe Ratio (2.16 vs -1.43), 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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