iShares S&P 500 BuyWrite ETF
$45.05+0.02 (+0.04%)
- 0.25%
- $347M
- +18.9%
- 18.32%
- 0.1M sh
- $44.98
- low $42.50high $47.25
The ETF.net IVVW Grade
A
Score 79 out of 100
- 3 of 52
Score 79 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A96 out of 100Rank 2 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 35Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C51 out of 100Rank 24 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C49 out of 100Rank 26 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A72 out of 100Rank 14 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B69 out of 100Rank 13 of 52
Our read on IVVW
ABlackRock's version of the covered call: hold the whole S&P 500 through the iShares Core fund, sell one-month index calls struck 1% out of the money, pay the premium out monthly. All for a quarter-point fee.
The fund seeks to track an index strategy that holds the iShares Core S&P 500 ETF and sells one-month call options primarily on the S&P 500 Index to generate income. The short option position is intended to be offset by the fund’s long position in the underlying ETF.
Why people hold it
- Costs 0.25% a year against a category median near 0.60%. On an income strategy, that is less of the option premium quietly leaking out the door.
- The calls sit 1% out of the money, so a slice of each month's rally still belongs to shareholders before the cap bites. At-the-money writers give that up.cdn.cboe.com
- Rules over hunches: it tracks a Cboe index that pairs a long position in the iShares Core S&P 500 ETF with a short monthly S&P 500 call, rolled on a set schedule.cdn.cboe.com
- Inside a crowded covered-call field where fat fees are the norm, this is one of the tighter builds in its peer group.
Worth knowing
- Covered calls trade upside for income. Above the strike, the month's gain is capped, and the premium cushions losses rather than blocking them.cdn.cboe.com
- Monthly payouts come from option premium, so they move with volatility instead of arriving as a fixed amount.
- Launched in 2024 and moderately traded, so the live record is short and spreads can run wider than the category's biggest names.
IVVW Holdings
- Stocks
- 507
- 40%
- NVDA
Sectors
- Information Technology39.7%
- Financials11.4%
- Communication9.8%
- Health Care9.1%
- Consumer Discretionary8.7%
- Industrials8.0%
- Consumer Staples4.5%
- Energy3.6%
- Utilities1.9%
- Real Estate1.7%
- Materials1.6%
Geography
- United States97.63%
- Ireland1.23%
- United Kingdom0.39%
- Switzerland0.29%
- Singapore0.27%
- Netherlands0.11%
- Bermuda0.07%
- Canada0.01%
IVVW Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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IVVW$11,893
Returns run to the Oct 12, 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 | IVVW |
|---|---|
| Year to date | +11.7% |
| 1 month | +1.2% |
| 3 months | +4.4% |
| 1 year | +18.9% |
| 3 years | — |
| 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 | IVVW |
|---|---|---|
| 2026 YTD | +11.7% | |
| 2025 | +11.7% | |
| 2024 | +12.9% |
IVVW in the news
IVVW Dividends
- 18.32%
- $8.25
- $0.88 per share
- Monthly
Distribution history
IVVW Risk
- 7.3%
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.
- 1.15
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.
- −16.8%
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.
- 0.54
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IVVW Cost
0.25%
IVVW0.25%
- The middle half of S&P 500 Option Income funds
- Median 0.60%
1 of the 51 S&P 500 Option Income funds charge less.
Other funds in S&P 500 Option Income
- ACSHINeos Enhanced Income Cash Alternative ETFExpense ratio 0.38%1 year return +5.1%
- ABALIiShares U.S. Large Cap Premium Income Active ETFExpense ratio 0.35%1 year return +22.5%
- AGPIXGoldman Sachs S&P 500 Premium Income ETFExpense ratio 0.35%1 year return +20.3%
- AXYLDGlobal X - S&P 500 Covered Call ETFExpense ratio 0.60%1 year return +19.9%
- AGQINatixis Gateway Quality Income ETFExpense ratio 0.34%1 year return +23.6%