IVVWvsSPYETF Comparison
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iShares S&P 500 BuyWrite ETF (IVVW) belongs to the Options Strategies segment. State Street SPDR S&P 500 ETF Trust (SPY) is part of the US Large Cap segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. IVVW is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.0945% for SPY. IVVW is up 8.94% year-to-date (YTD) with +$124M in YTD flows. SPY performs better with 13.33% YTD performance, and +$2.77B in YTD flows. Run a side-by-side ETF comparison of IVVW and SPY 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 SPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/06/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IVVW SPY | +2.27%+2.33% | +5.37%+4.95% | +8.94%+13.33% | +19.00%+22.84% | n/a+77.02% | n/a+85.86% |
| Flows | IVVW SPY | +$12M-$1.46B | +$61M+$17.22B | +$124M+$2.77B | +$157M+$18.46B | -+$61.17B | -+$89.15B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IVVW SPY | +10.06%+13.75% | +8.78%+12.86% | n/a+15.09% | n/a+17.03% |
| Max drawdown | IVVW SPY | -2.76%-4.46% | -5.83%-8.89% | n/a-18.74% | n/a-24.50% |
| Max drawdown duration | IVVW SPY | 8d59d | 50d76d | n/a126d | n/a708d |
Trading data
IVVW | SPY | |
Last sale 8/7/2026 at 1:30 PM | $45.10 | $773.26 |
| Previous close 08/06/2026 | $45.01 | $768.56 |
| Consolidated volume 08/06/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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IVVW | SPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 8/7/2026 at 1:30 PM
Live
Closed
IVVW | SPY | |
|---|---|---|
| Last price | $45.10 | $773.26 |
| 1D performance | +0.20% | +0.61% |
| AuM | $338.35 M | $805.19 B |
| E/R | 0.25% | 0.0945% |
Characteristics
IVVW | SPY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | Cboe S&P 500 Enhanced 1% OTM BuyWrite Index | S&P 500 Index |
| N° of holdings | 497 | 496 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 14, 2024 | January 22, 1993 |
| ESG | No | No |
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Exposure
Countries
IVVW
USA
98.06%
Other
1.94%
SPY
USA
97.3%
Other
2.7%
Sectors
IVVW
Technology
45.94%
Finance
13.2%
Consumer Non-Cycl.
8.8%
Healthcare
8.7%
Industrials
7.98%
Other
15.38%
SPY
Technology
45.7%
Finance
13.13%
Consumer Non-Cycl.
8.76%
Healthcare
8.66%
Industrials
7.93%
Other
15.81%
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Diversification
IVVW
Total weight of top 15 holdings out of 15
43.27%
SPY
Total weight of top 15 holdings out of 15
43.05%
Top 15 holdings
Data as of June 30, 2026
IVVW
NVIDIA Corp.
7.54%
Apple, Inc.
6.61%
Microsoft Corp.
4.31%
Amazon.com, Inc.
3.63%
Alphabet, Inc.
3.26%
Broadcom Inc.
2.78%
Alphabet, Inc.
2.60%
Micron Technology, Inc.
2.02%
Meta Platforms, Inc.
1.92%
Tesla, Inc.
1.84%
Eli Lilly & Co.
1.48%
Advanced Micro Devices, Inc.
1.47%
Berkshire Hathaway, Inc.
1.43%
JPMorgan Chase & Co.
1.36%
Intel Corp.
1.03%
SPY
NVIDIA Corp.
7.50%
Apple, Inc.
6.57%
Microsoft Corp.
4.29%
Amazon.com, Inc.
3.61%
Alphabet, Inc.
3.24%
Broadcom Inc.
2.77%
Alphabet, Inc.
2.58%
Micron Technology, Inc.
2.01%
Meta Platforms, Inc.
1.91%
Tesla, Inc.
1.83%
Eli Lilly & Co.
1.47%
Advanced Micro Devices, Inc.
1.47%
Berkshire Hathaway, Inc.
1.42%
JPMorgan Chase & Co.
1.36%
Intel Corp.
1.02%
Frequently asked questions about IVVW and SPY
How have the IVVW and SPY ETFs performed in 2026?
As of August 6, 2026, IVVW is up 8.94% year-to-date (YTD), while SPY has returned 13.33%. That puts SPY better performer ahead so far this year.
Which ETF is attracting more investor money: IVVW or SPY?
Year-to-date, the IVVW ETF saw +$124M in flows, compared to +$2.77B for SPY.
Which ETF is more volatile: IVVW or SPY?
Over the past year, IVVW had a volatility of 8.78%, while SPY experienced 12.86%.
Which ETF is bigger: IVVW or SPY?
As of August 6, 2026, IVVW holds $338.35 M in assets under management (AUM), while SPY manages $805.19 B.
What sectors do the IVVW and SPY ETFs invest in?
IVVW leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SPY focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the IVVW ETF and SPY ETF?
IVVW top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. SPY holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: IVVW or SPY?
IVVW holds 504 securities with 43.27% of its assets in the top 15. SPY has 501 securities and a top 15 weight of 43.05%.
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