YQQQ vs. IVVW
YQQQ (YieldMax Short N100 Option Income Strategy ETF) and IVVW (iShares S&P 500 BuyWrite ETF) are both Derivative Income funds. YQQQ is actively managed, while IVVW is passively managed. Over the past year, YQQQ returned -7.93% vs 17.89% for IVVW. At a correlation of -0.78, they often move in opposite directions. YQQQ charges 0.99%/yr vs 0.25%/yr for IVVW.
Performance
YQQQ vs. IVVW - Performance Comparison
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Returns By Period
In the year-to-date period, YQQQ achieves a -5.25% return, which is significantly lower than IVVW's 6.45% return.
YQQQ
- 1D
- 1.42%
- 1M
- 2.63%
- 6M
- -4.11%
- YTD
- -5.25%
- 1Y
- -7.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVW
- 1D
- -0.45%
- 1M
- 1.92%
- 6M
- 5.75%
- YTD
- 6.45%
- 1Y
- 17.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YQQQ vs. IVVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YQQQ YieldMax Short N100 Option Income Strategy ETF | -5.25% | -9.97% | -5.17% |
IVVW iShares S&P 500 BuyWrite ETF | 6.45% | 11.71% | 7.74% |
Correlation
The correlation between YQQQ and IVVW is -0.77, 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 (1Y) Calculated over the trailing 1-year period | -0.77 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2024 | -0.78 |
The correlation between YQQQ and IVVW has been stable across timeframes, ranging from -0.78 to -0.77 - a consistent structural relationship.
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Return for Risk
YQQQ vs. IVVW — Risk / Return Rank
YQQQ
IVVW
YQQQ vs. IVVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Short N100 Option Income Strategy ETF (YQQQ) 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.
| YQQQ | IVVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.77 | ||
| Sortino ratioReturn per unit of downside risk | -3.75 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.47 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 3.09 | -3.46 |
| Martin ratioReturn relative to average drawdown | -0.85 | 16.40 | -17.25 |
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Drawdowns
YQQQ vs. IVVW - Drawdown Comparison
The maximum YQQQ drawdown since its inception was -29.10%, which is greater than IVVW's maximum drawdown of -16.79%. Use the drawdown chart below to compare losses from any high point for YQQQ and IVVW.
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Drawdown Indicators
| YQQQ | IVVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.10% | -16.79% | -12.31% |
Max Drawdown (1Y)Largest decline over 1 year | -21.80% | -5.81% | -15.99% |
Current DrawdownCurrent decline from peak | -25.26% | -0.45% | -24.81% |
Average DrawdownAverage peak-to-trough decline | -14.89% | -1.70% | -13.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.31% | 1.09% | +8.22% |
Volatility
YQQQ vs. IVVW - Volatility Comparison
YieldMax Short N100 Option Income Strategy ETF (YQQQ) has a higher volatility of 6.42% compared to iShares S&P 500 BuyWrite ETF (IVVW) at 2.98%. This indicates that YQQQ'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
| YQQQ | IVVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 2.98% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.66% | 7.07% | +4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.92% | 8.18% | +5.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 12.60% | +3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.58% | 12.60% | +3.98% |
YQQQ vs. IVVW - Expense Ratio Comparison
YQQQ has a 0.99% expense ratio, which is higher than IVVW's 0.25% expense ratio.
Dividends
YQQQ vs. IVVW - Dividend Comparison
YQQQ's dividend yield for the trailing twelve months is around 29.17%, more than IVVW's 19.13% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVW iShares S&P 500 BuyWrite ETF | 19.13% | 18.55% | 13.72% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 29.17% | 31.71% | 7.88% |
Frequently Asked Questions
YQQQ and IVVW have a correlation of -0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YQQQ has higher volatility (6.42%) compared to IVVW (2.98%). In terms of maximum drawdown, YQQQ dropped -29.10% vs IVVW's -16.79%.
On 1-year performance, IVVW leads with 17.89% vs -7.93% for YQQQ. 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 -7.93%. 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 YQQQ.
YQQQ has the higher dividend yield at 29.17%, compared with 19.13% for IVVW.
They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for YQQQ and 0.25% for IVVW.
IVVW currently has the higher Sharpe Ratio (2.20 vs -0.57), 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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