IVVW
iShares S&P 500 BuyWrite ETF
IVVW is passively managed, aiming to participate in the price movement of US large-cap stocks, up to a certain cap, while also providing enhanced monthly income through a covered call option writing strategy. The fund-of-fund holds shares of the iShares Core S&P 500 ETF (IVV) while simultaneously writing one-month call options.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
19.0 M
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Fund sponsor | iShares |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 14, 2024 |
| Assets (mns) | $19 |
| Expense ratio | 25 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | Yes |
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 | -6.2% | -9.2% | -- | -- | -- | -- | -- | -5.2% |
| Dividend Yield | 2.4% | 10.3% | -- | -- | -- | -- | -- | 11.1% |
| Total Returns | -3.8% | 1.1% | -- | -- | -- | -- | -- | 5.8% | Ann. Volatility | 19.6% | 16.5% | -- | -- | -- | -- | -- | 14.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 16 |
| ADV traded (mns) | $1 |
| Turnover | 3.8% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| Recent close | $45.34 |
| 30d moving avg. | $45.50 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 63 |
| Short interest | 1.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| IVVW (25 bp) Percentile rank | 26 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IVVW | 25.0 | 0.0 | 25 |
| Peer Avg. | 48.9 | 19.6 | 68.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .