XLSI vs. IVVW

Last updated Jun 23, 2026

XLSI (Consumer Staples Select Sector SPDR Premium Income ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. XLSI is actively managed, while IVVW is passively managed. At a 0.02 correlation, their price movements are largely independent. XLSI charges 0.35%/yr vs 0.25%/yr for IVVW.

Performance

XLSI vs. IVVW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Consumer Staples Select Sector SPDR Premium Income ETF (XLSI) and iShares S&P 500 BuyWrite ETF (IVVW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLSI achieves a 3.26% return, which is significantly lower than IVVW's 5.32% return.

XLSI

• 1D: -0.51%
• 1M: -1.08%
• YTD: 3.26%
• 6M: 3.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVVW

• 1D: 0.02%
• 1M: 1.42%
• YTD: 5.32%
• 6M: 5.55%
• 1Y: 19.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLSI vs. IVVW - Yearly Performance Comparison

	2026 (YTD)	2025
XLSI Consumer Staples Select Sector SPDR Premium Income ETF	3.26%	-1.06%
IVVW iShares S&P 500 BuyWrite ETF	5.32%	9.59%

Correlation

The correlation between XLSI and IVVW is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.02

XLSI vs. IVVW - Sectors Allocation Comparison

Sectors	XLSI	IVVW
Financial Services	99.6%	11.0%
Basic Materials	-	1.7%
Communication Services	-	10.8%
Consumer Cyclical	-	10.0%
Consumer Defensive	-	4.6%
Energy	-	3.2%
Healthcare	-	8.4%
Industrials	-	7.9%
Real Estate	-	1.8%
Technology	-	38.4%
Utilities	-	2.1%

Return for Risk

XLSI vs. IVVW — Risk / Return Rank

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

XLSI

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

IVVW

IVVW Risk / Return Rank: 81
IVVW Sharpe Ratio Rank: 80
IVVW Sortino Ratio Rank: 80
IVVW Omega Ratio Rank: 89
IVVW Calmar Ratio Rank: 69
IVVW Martin Ratio Rank: 87

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.

XLSI vs. IVVW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Consumer Staples Select Sector SPDR Premium Income ETF (XLSI) 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.

	XLSI	IVVW	Difference
Sharpe ratio: Return per unit of total volatility	—	2.45	—
Sortino ratio: Return per unit of downside risk	—	3.36	—
Omega ratio: Gain probability vs. loss probability	—	1.54	—
Calmar ratio: Return relative to maximum drawdown	—	3.35	—
Martin ratio: Return relative to average drawdown	—	17.98	—

Drawdowns

XLSI vs. IVVW - Drawdown Comparison

The maximum XLSI drawdown since its inception was -7.87%, smaller than the maximum IVVW drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for XLSI and IVVW.

Drawdown Indicators

	XLSI	IVVW	Difference
Max Drawdown Largest peak-to-trough decline	-7.87%	-16.79%	+8.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.81%	—
Current Drawdown Current decline from peak	-5.07%	-0.13%	-4.94%
Average Drawdown Average peak-to-trough decline	-3.26%	-1.73%	-1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.08%	—

Volatility

Volatility by Period

	XLSI	IVVW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.70%	7.96%	+2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.70%	12.68%	-1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.70%	12.68%	-1.98%

XLSI vs. IVVW - Expense Ratio Comparison

XLSI has a 0.35% expense ratio, which is higher than IVVW's 0.25% expense ratio.

Dividends

XLSI vs. IVVW - Dividend Comparison

XLSI's dividend yield for the trailing twelve months is around 10.61%, less than IVVW's 19.62% yield.

Position	TTM	2025	2024
IVVW iShares S&P 500 BuyWrite ETF	19.62%	18.55%	13.72%
XLSI Consumer Staples Select Sector SPDR Premium Income ETF	10.61%	5.34%	0.00%

Frequently Asked Questions

Can I hold both XLSI and IVVW in my portfolio?

XLSI and IVVW have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLSI or IVVW?

On fees, IVVW is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLSI or IVVW?

IVVW is cheaper with a 0.25% expense ratio, compared with 0.35% for XLSI.

Which ETF pays a higher dividend yield, XLSI or IVVW?

IVVW has the higher dividend yield at 19.62%, compared with 10.61% for XLSI.

What is the main difference between XLSI and IVVW?

They also come from different issuers: State Street and iShares. Their fees differ too: 0.35% for XLSI and 0.25% for IVVW.