iShares S&P 500 BuyWrite ETF
$44.27−0.20 (−0.45%)
- 0.25%
- $348M
- +12.9%
- 18.63%
- 41.5K sh
- low $42.50high $47.17
The ETF.net IVVW Grade
A
Score 81 out of 100
- 2 of 52
Score 81 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 36Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C53 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.C53 out of 100Rank 21 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A77 out of 100Rank 8 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A72 out of 100Rank 10 of 52
Our read on IVVW
In short
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.
Stated mandate
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
Worth knowing
IVVW Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
IVVW$11,287
Returns run to the Nov 2, 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 | +9.8% |
| 1 month | −1.1% |
| 3 months | +2.5% |
| 1 year | +12.9% |
| 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 | +9.8% | |
| 2025 | +11.7% | |
| 2024 | +12.9% |
IVVW in the news
IVVW Dividends
- 18.63%
- $8.25
- $0.88 per share
- Monthly
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.
- 1.10
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.
FMP measures it over up to five years of monthly returns.
IVVW Cost
Overpaying vs PEPS, cheapest in S&P 500 Option Income
$3,053
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
IVVW 0.25%
$5,159
PEPS 0.10% Cheapest
$2,106
Cost over time
Year by year
| Year | IVVW | PEPS | Overpaying |
|---|---|---|---|
| 10 | $455 | $183 | $272 |
| 20 | $1,769 | $717 | $1,052 |
| 30 | $5,159 | $2,106 | $3,053 |
Other funds in S&P 500 Option Income
- ACSHINeos Enhanced Income Cash Alternative ETFExpense ratio 0.38%1 year return +4.8%
- ABALIiShares U.S. Large Cap Premium Income Active ETFExpense ratio 0.35%1 year return +15.1%
- AGPIXGoldman Sachs S&P 500 Premium Income ETFExpense ratio 0.29%1 year return +12.6%
- ARSPAInvesco S&P 500 Equal Weight Income Advantage ETFExpense ratio 0.29%1 year return +15.6%
- AGQINatixis Gateway Quality Income ETFExpense ratio 0.34%1 year return +15.3%
