IWMW vs VOO
iShares Russell 2000 BuyWrite ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | IWMW | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $57M | $979.0B | |
| Dividend Yield | 21.44% | 1.09% | |
| Holdings | 4 | 509 | |
| YTD Return | +3.13% | +14.48% | |
| 1Y Return | +8.57% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 12.3% | 14.2% | |
| Max Drawdown | -21.8% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 14, 2024 | Sep 7, 2010 |
IWMW vs VOO Performance
iShares Russell 2000 BuyWrite ETF (IWMW) is a ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year IWMW returned +8.57% while VOO returned +22.02%. Year to date, IWMW is up 3.13% versus a gain of 14.48% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 12.3% for IWMW. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -21.8% for IWMW and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IWMW charges 0.39% per year while VOO charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, IWMW currently yields 21.44% against 1.09% for VOO.
Holdings Overlap
IWMW and VOO share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IWMW or VOO?
IWMW has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, IWMW or VOO?
Over the past year IWMW returned +8.57% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), IWMW annualized +6.59% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, IWMW or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 12.3% for IWMW. Worst drawdown: IWMW -21.8% vs VOO -34.3%.
Should I hold both IWMW and VOO?
IWMW and VOO have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IWMW and VOO?
IWMW and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IWMW or VOO?
IWMW yields 21.44% while VOO yields 1.09%, so IWMW currently pays the higher dividend yield.
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