Main BuyWrite ETF
$14.55−0.04 (−0.31%)
- Expense ratio
- 0.99%
- Fund size
- $1.4B
- 1Y return
- +9.2%
- Yield · Last 12 months
- 5.89%
- Holdings
- 10
- Volume · 30D
- 0.4M sh
- NAV per share
- $14.54
- 52W range
The ETF.net BUYW Grade
Score 54 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 40Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 83Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 64Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 25Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 89Category rank
Our read on BUYW
CA hands-on buy-write with a global passport: the manager assembles the stock sleeve across the US, developed international and emerging markets, sells calls against it, and pays out monthly. Active pricing for an active approach.
The Fund seeks total return through current income and long-term capital appreciation.
Why people hold it
- Active, not formulaic: the equity sleeve reaches across US, developed international and emerging markets, with calls written on top rather than by an index rulebook.
- Cash lands monthly, and the stated goal pairs that current income with long-term capital appreciation rather than income alone.
- Launched in 2022 and now a multi-billion-dollar, moderately traded fund, so it has real staying power behind it, not launch-week scale.
Worth knowing
- The 1.13% expense ratio sits above the typical covered-call fund, and several of the strongest-rated peers in the group (PAPI, DIVO) charge a fraction of it.
- Writing calls swaps part of a big rally for premium income. That ceiling is the mechanical cost of the monthly cash.
- No declared index to check the fund against, so outcomes ride on the manager's calls (which stocks, which strikes) rather than a published formula.
BUYW Holdings
- Stocks
- 10
- 116%
- SPYM
Sectors
Geography
BUYW Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BUYW |
|---|---|
| Year to date | +6.1% |
| 1 month | +0.3% |
| 3 months | +2.6% |
| 1 year | +9.2% |
| 3 years | +9.2% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BUYW |
|---|---|---|
| 2026 YTD | +6.1% | |
| 2025 | +9.1% | |
| 2024 | +9.8% | |
| 2023 | +12.8% | |
| 2022 | +1.5% |
BUYW in the news
ETF.net Research hasn’t filed on BUYW yet — coverage lands here as it’s written.
BUYW Dividends
- 5.89%
- $0.86
- $0.07 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 31, 2026 | $0.07 |
| Jul 24, 2026 | Jul 29, 2026 | $0.07 |
| Jun 25, 2026 | Jun 30, 2026 | $0.07 |
| May 21, 2026 | May 26, 2026 | $0.07 |
| Apr 23, 2026 | Apr 28, 2026 | $0.07 |
| Mar 26, 2026 | Mar 31, 2026 | $0.07 |
| Feb 19, 2026 | Feb 24, 2026 | $0.07 |
| Jan 22, 2026 | Jan 27, 2026 | $0.07 |
| Dec 23, 2025 | Dec 29, 2025 | $0.07 |
| Nov 21, 2025 | Nov 26, 2025 | $0.07 |
| Oct 24, 2025 | Oct 29, 2025 | $0.07 |
| Sep 23, 2025 | Sep 29, 2025 | $0.07 |
BUYW Risk
- 3.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.29
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −9.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.21
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BUYW Cost
- The middle half of Active Option Income funds
- Median 0.95%
26 of the 47 Active Option Income funds charge less.