iShares S&P 500 BuyWrite ETF
$45.50−0.07 (−0.14%)
- Expense ratio
- 0.25%
- Fund size
- $352M
- 1Y return
- +17.3%
- Yield · Last 12 months
- 17.74%
- Volume · 30D
- 0.1M sh
- NAV per share
- $45.54
- 52W range
The ETF.net IVVW Grade
Score 80 of 100 sits in the A 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.AScore 96Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 53Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 49Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 79Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 70Category rank
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
- —
- 39%
- NVDA
Sectors
- Technology39.0%
- Financials11.9%
- Communication9.9%
- Health Care9.2%
- Consumer Discr.8.8%
- Industrials7.4%
- Cons. Staples4.5%
- Energy3.6%
- Utilities2.0%
- Materials1.8%
- Real Estate1.8%
Geography
- United States97.65%
- Ireland1.20%
- United Kingdom0.39%
- Switzerland0.29%
- Singapore0.27%
- Netherlands0.11%
- Bermuda0.07%
- Canada0.02%
IVVW 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 | IVVW |
|---|---|
| Year to date | +10.8% |
| 1 month | +1.0% |
| 3 months | +5.2% |
| 1 year | +17.3% |
| 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 | +10.8% | |
| 2025 | +11.7% | |
| 2024 | +12.9% |
IVVW in the news
ETF.net Research hasn’t filed on IVVW yet — coverage lands here as it’s written.
IVVW Dividends
- 17.74%
- $8.08
- $0.29 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 2, 2026 | Sep 8, 2026 | $0.29 |
| Aug 4, 2026 | Aug 7, 2026 | $0.43 |
| Jul 2, 2026 | Jul 8, 2026 | $0.44 |
| Jun 2, 2026 | Jun 5, 2026 | $0.83 |
| May 4, 2026 | May 7, 2026 | $0.59 |
| Apr 2, 2026 | Apr 8, 2026 | $0.85 |
| Mar 3, 2026 | Mar 6, 2026 | $0.55 |
| Feb 3, 2026 | Feb 6, 2026 | $0.58 |
| Dec 23, 2025 | Dec 29, 2025 | $0.66 |
| Dec 2, 2025 | Dec 5, 2025 | $1.42 |
| Nov 4, 2025 | Nov 7, 2025 | $0.73 |
| Oct 2, 2025 | Oct 7, 2025 | $0.72 |
IVVW Risk
- 7.5%
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.
- 1.18
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
- 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.