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 -45.20% vs 17.89% for IVVW. At a 0.41 correlation, their price movements are largely independent. XBTY charges 0.99%/yr vs 0.25%/yr for IVVW.
Performance
XBTY vs. IVVW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XBTY achieves a -22.62% return, which is significantly lower than IVVW's 6.45% return.
XBTY
- 1D
- -0.09%
- 1M
- -1.98%
- 6M
- -24.61%
- YTD
- -22.62%
- 1Y
- -45.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- -0.45%
- 1M
- 1.92%
- 6M
- 5.75%
- YTD
- 6.45%
- 1Y
- 17.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XBTY vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XBTY GraniteShares YieldBOOST Bitcoin ETF | -22.62% | -21.19% |
IVVW iShares S&P 500 BuyWrite ETF | 6.45% | 15.90% |
Correlation
The correlation between XBTY and IVVW is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 13, 2025 | 0.41 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -3.87 | ||
| Sortino ratioReturn per unit of downside risk | -5.59 | ||
| Omega ratioGain probability vs. loss probability | 0.70 | 1.47 | -0.77 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 3.09 | -4.02 |
| Martin ratioReturn relative to average drawdown | -1.36 | 16.40 | -17.76 |
Loading charts...
Drawdowns
XBTY vs. IVVW - Drawdown Comparison
The maximum XBTY drawdown since its inception was -49.03%, 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.
Loading charts...
Drawdown Indicators
| XBTY | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.03% | -16.79% | -32.24% |
Max Drawdown (1Y)Largest decline over 1 year | -49.03% | -5.81% | -43.22% |
Current DrawdownCurrent decline from peak | -47.58% | -0.45% | -47.13% |
Average DrawdownAverage peak-to-trough decline | -25.12% | -1.70% | -23.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.18% | 1.09% | +32.09% |
Volatility
XBTY vs. IVVW - Volatility Comparison
GraniteShares YieldBOOST Bitcoin ETF (XBTY) has a higher volatility of 4.33% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 2.98%. 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.
Loading charts...
Volatility by Period
| XBTY | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 2.98% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 15.56% | 7.07% | +8.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.20% | 8.18% | +19.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.99% | 12.60% | +14.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.99% | 12.60% | +14.39% |
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 211.51%, more than IVVW's 19.13% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.13% | 18.55% | 13.72% |
XBTY GraniteShares YieldBOOST Bitcoin ETF | 211.51% | 102.53% | 0.00% |
Frequently Asked Questions
XBTY and IVVW have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XBTY has higher volatility (4.33%) compared to IVVW (2.98%). In terms of maximum drawdown, XBTY dropped -49.03% vs IVVW's -16.79%.
On 1-year performance, IVVW leads with 17.89% vs -45.20% for XBTY. On fees, IVVW is cheaper at 0.25% per year. On volatility, IVVW has been the lower-risk option at 2.98%. 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 17.89% return vs -45.20%. 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 211.51%, compared with 19.13% 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 (2.20 vs -1.67), 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.
Find the right allocation for XBTY and IVVW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer