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IVVWvsHCMTETF Comparison

ETF 1

IVVW

iShares S&P 500 BuyWrite ETF

This fund is part of

Options Strategies

+0.13%

Full IVVW fund page

VS

ETF 2

HCMT

Direxion HCM Tactical Enhanced US ETF

This fund is part of

Alternatives

-0%

Full HCMT fund page

iShares S&P 500 BuyWrite ETF (IVVW) belongs to the Options Strategies segment. Direxion HCM Tactical Enhanced US ETF (HCMT) is part of the Alternatives segment. IVVW's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, HCMT's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. IVVW is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 1.18% for HCMT. IVVW is up 10.96% year-to-date (YTD) with +$133M in YTD flows. HCMT performs better with 13.46% YTD performance, and -$22M in YTD flows. Run a side-by-side ETF comparison of IVVW and HCMT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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IVVW vs HCMT performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/22/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	IVVW HCMT	+1.17%+7.98%	+5.51%+3.61%	+10.96%+13.46%	+17.33%+16.29%	n/a+89.26%	n/an/a
Flows	IVVW HCMT	+$16M-$5M	+$39M-$13M	+$133M-$22M	+$164M-$16M	-+$232M	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	IVVW HCMT	+8.66%+32.26%	+8.87%+28.91%	n/a+29.50%	n/an/a
Max drawdown	IVVW HCMT	-2.30%-13.58%	-5.83%-15.61%	n/a-36.18%	n/an/a
Max drawdown duration	IVVW HCMT	16d45d	50d108d	n/a246d	n/an/a

Trading data

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	IVVW	HCMT
Last sale 9/22/2026 at 1:30 PM	$45.57	$43.58
Previous close 09/22/2026	$45.49	$43.25
Consolidated volume 09/22/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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HCMT

is actively managed and doesn’t replicate an index

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	IVVW	HCMT
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/22/2026 at 1:30 PM

Live

Closed

	IVVW	HCMT
Last price	$45.57	$43.58
1D performance	+0.17%	+0.76%
AuM	$351.53 M	$630.36 M
E/R	0.25%	1.18%

Characteristics

	IVVW	HCMT
Management strategy	Passive	Active
Provider	iShares	Direxion
Benchmark	Cboe S&P 500 Enhanced 1% OTM BuyWrite Index	-
N° of holdings	501	500
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	March 14, 2024	June 22, 2023
ESG	No	No

More IVVW data on Trackinsight

More HCMT data on Trackinsight

Exposure

Countries

IVVW

USA

97.76%

Other

2.24%

HCMT

USA

82.72%

Other

17.28%

Sectors

IVVW

Technology

44.78%

Finance

14.02%

Healthcare

8.99%

Consumer Non-Cycl.

8.94%

Industrials

7.84%

Other

15.43%

HCMT

Technology

37.93%

Finance

11.79%

Consumer Non-Cycl.

7.98%

Healthcare

7.54%

Other

34.76%

Diversification

IVVW

Total weight of top 15 holdings out of 15

43.61%

HCMT

Total weight of top 15 holdings out of 15

37.35%

Top 15 holdings

Data as of July 31, 2026

IVVW

Apple, Inc.

7.65%

NVIDIA Corp.

7.38%

Microsoft Corp.

5.23%

Amazon.com, Inc.

3.60%

Alphabet, Inc.

3.06%

Broadcom Inc.

2.87%

Alphabet, Inc.

2.46%

Meta Platforms, Inc.

1.85%

Micron Technology, Inc.

1.54%

JPMorgan Chase & Co.

1.47%

Berkshire Hathaway, Inc.

1.46%

Eli Lilly & Co.

1.43%

Tesla, Inc.

1.36%

Advanced Micro Devices, Inc.

1.24%

ExxonMobil Holdings Corp.

1.02%

HCMT

NVIDIA Corp.

6.40%

Apple, Inc.

5.98%

Microsoft Corp.

4.55%

Amazon.com, Inc.

3.50%

Alphabet, Inc.

2.75%

Broadcom Inc.

2.43%

Alphabet, Inc.

2.22%

Meta Platforms, Inc.

1.61%

JPMorgan Chase & Co.

1.24%

Berkshire Hathaway, Inc.

1.23%

Micron Technology, Inc.

1.22%

Eli Lilly & Co.

1.20%

Tesla, Inc.

1.15%

Advanced Micro Devices, Inc.

1.02%

ExxonMobil Holdings Corp.

0.85%

Frequently asked questions about IVVW and HCMT

How have the IVVW and HCMT ETFs performed in 2026?

As of September 22, 2026, IVVW is up 10.96% year-to-date (YTD), while HCMT has returned 13.46%. That puts HCMT better performer ahead so far this year.

Which ETF is attracting more investor money: IVVW or HCMT?

Year-to-date, the IVVW ETF saw +$133M in flows, compared to -$22M for HCMT.

Which ETF is more volatile: IVVW or HCMT?

Over the past year, IVVW had a volatility of 8.87%, while HCMT experienced 28.91%.

Which ETF is bigger: IVVW or HCMT?

As of September 22, 2026, IVVW holds $351.53 M in assets under management (AUM), while HCMT manages $630.36 M.

What sectors do the IVVW and HCMT ETFs invest in?

IVVW leans toward sectors like Technology, Finance and Healthcare. Meanwhile, HCMT focuses on Technology, Finance and Consumer Non-Cyclicals.

What are the top holdings of the IVVW ETF and HCMT ETF?

IVVW top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. HCMT holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..

Which ETF is more diversified: IVVW or HCMT?

IVVW holds 504 securities with 43.61% of its assets in the top 15. HCMT has 503 securities and a top 15 weight of 37.35%.

Episode 8: Laura Morrison, Chief Revenue Officer at Direxion

July 25, 2023

HCMT

IVVWvsHCMTETF Comparison

iShares S&P 500 BuyWrite ETF

Direxion HCM Tactical Enhanced US ETF

IVVW vs HCMT performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the IVVW and HCMT ETFs performed in 2026?

As of September 22, 2026, IVVW is up 10.96% year-to-date (YTD), while HCMT has returned 13.46%. That puts HCMT better performer ahead so far this year.

Which ETF is attracting more investor money: IVVW or HCMT?

Year-to-date, the IVVW ETF saw +$133M in flows, compared to -$22M for HCMT.

Which ETF is more volatile: IVVW or HCMT?

Over the past year, IVVW had a volatility of 8.87%, while HCMT experienced 28.91%.

Which ETF is bigger: IVVW or HCMT?

As of September 22, 2026, IVVW holds $351.53 M in assets under management (AUM), while HCMT manages $630.36 M.

What sectors do the IVVW and HCMT ETFs invest in?

IVVW leans toward sectors like Technology, Finance and Healthcare. Meanwhile, HCMT focuses on Technology, Finance and Consumer Non-Cyclicals.

What are the top holdings of the IVVW ETF and HCMT ETF?

IVVW top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. HCMT holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..

Which ETF is more diversified: IVVW or HCMT?

IVVW holds 504 securities with 43.61% of its assets in the top 15. HCMT has 503 securities and a top 15 weight of 37.35%.

Episode 8: Laura Morrison, Chief Revenue Officer at Direxion

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