BUYW
Main BuyWrite ETF
BUYW seeks risk-adjusted total returns by investing in a portfolio of ETFs selected through fundamental analysis while utilizing a covered call writing strategy in an effort to dampen volatility.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
812.1 M
ASSETS UNDER MGMT
113 bp
EXPENSES
Fund Basics
| Fund sponsor | Main Funds |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Dec 29, 2015 |
| Assets (mns) | $811 |
| Expense ratio | 113 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | Yes |
Top Holdings
| SPDR® S&P 500® ETF TRUST | 57.5 % |
| VANECK SEMICONDUCTOR ETF | 13.9 % |
| THE COMM SVCS SEL SECT SPDR® ETF | 12.2 % |
| THE UTILITIES SELECT SECTOR SPDR® ETF | 12.1 % |
| INVESCO NASDAQ 100 ETF | 12.0 % |
| XLC US 12/20/24 C79 | -1.4 % |
| XLU US 06/20/25 C69 | -1.8 % |
Historical Performance
Standardized Performance (as of 08/29/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 1.7% | 2.4% | 2.6% | -- | -- | -- | -- | 4.2% |
| Dividend Yield | 0.5% | 1.6% | 3.9% | -- | -- | -- | -- | 4.3% |
| Total Returns | 2.2% | 3.9% | 6.5% | -- | -- | -- | -- | 8.5% | Ann. Volatility | 13.6% | 11.4% | 8.9% | -- | -- | -- | -- | 9.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.29 | 62% |
| MSCI EAFE | 0.23 | 46% |
| MSCI Emg Mkts | 0.16 | 24% |
Liquidity Measures
| Avg. volume (000) | 238 |
| ADV traded (mns) | $3 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| Recent close | $14.18 |
| 30d moving avg. | $14.16 |
| Annualized volatility | 5.1% |
| Relative strength (RSI) | 59 |
| Short interest | 0.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| BUYW (113 bp) Percentile rank | 80 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BUYW | 113.0 | 0.0 | 113 |
| Peer Avg. | 96.3 | 31.5 | 127.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .