iShares S&P 500 BuyWrite ETF (IVVW) Performance
IVVW total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.4% since Dec 31, 2025
- 1 year
- +13.4% total return
- Since first price
- +38.0% since 2024
IVVW trailing returns vs SPY, QQQ, AGG
| Period | IVVW total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.1% | −2.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.5% | +0.9% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.5% | +0.5% | +7.8% | +8.4% | −1.5% |
| YTD | +9.4% | −2.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.4% | −4.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 15, 2024 | +38.0% | −10.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IVVW vs SPY
From Mar 15, 2024: IVVW grew to $13,802, SPY to $15,346.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IVVW returns by calendar year
1 of 1 full years positive. Best 2025 (+11.7%), worst 2025 (+11.7%). 2026 is year to date.
IVVW annual returns table
| Year | IVVW | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.4% | −5.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +11.7% | −16.8% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IVVW largest drawdowns
Now 1.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 18, 2025 | −16.8% | Apr 8, 2025 | Sep 9, 2025 | 49 days | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IVVW risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +12.8% |
| Volatility (annualized) | 7.3% |
| Sharpe ratio | 1.12 |
| Sortino ratio | 1.79 |
| Best month | +4.9% |
| Worst month | −4.9% |
| Best 12 months | +20.8% |
| Worst 12 months | +7.0% |
| Positive months | 77% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IVVW rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 20 | +7.0% | +11.4% | +20.8% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
IVVW performance overview
iShares S&P 500 BuyWrite ETF (IVVW) returned +13.4% over the past year, with distributions reinvested. Since its first recorded price on Mar 15, 2024 it has returned +38.0%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −16.8%, from Feb 18, 2025 to Apr 8, 2025, and it took 5 months to get back to the old high. Volatility has been 7.3% a year.
Related: IVVW chart, IVVW holdings, IVVW dividends, IVVW valuation. See the IVVW overview for the latest quote and fund facts.
IVVW performance FAQ
What is the IVVW return over the past year?
IVVW returned +13.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 4.6%.
How much would $10,000 invested in IVVW be worth?
$10,000 invested in IVVW at its first recorded close on March 15, 2024 would be worth about $13,802 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of IVVW?
The largest peak-to-trough decline was −16.8% between February 18, 2025 and April 8, 2025. It recovered to the old high on September 9, 2025, 5 months after the bottom.
How volatile is IVVW?
Over the past history IVVW had an annualized volatility of 7.3% and a Sharpe ratio of 1.12 (excess return over 1–3 month T-bills per unit of risk).