THEQvsBWVTFETF Comparison
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T. Rowe Price Hedged Equity ETF (THEQ) belongs to the Alternatives segment. iPath CBOE S&P 500 BuyWrite Index ETN (BWVTF) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. THEQ is less expensive with a Total Expense Ratio (TER) of 0.73%, versus 0.75% for BWVTF. THEQ is up 8.03% year-to-date (YTD) with +$3M in YTD flows. BWVTF performs better with 10.81% YTD performance, and -$126K in YTD flows. Run a side-by-side ETF comparison of THEQ and BWVTF 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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THEQ vs BWVTF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | THEQ BWVTF | +0.62%+1.59% | +0.40%+5.42% | +8.03%+10.81% | +12.92%+20.59% | n/a+47.60% | n/a+49.55% |
| Flows | THEQ BWVTF | +$761K- | +$4M- | +$3M-$126K | +$13M-$841K | --$841K | --$1M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | THEQ BWVTF | +10.02%+7.29% | +9.21%+7.52% | n/a+11.15% | n/a+12.31% |
| Max drawdown | THEQ BWVTF | -3.25%-2.20% | -6.17%-5.71% | n/a-16.79% | n/a-19.88% |
| Max drawdown duration | THEQ BWVTF | 62d8d | 48d62d | n/a240d | n/a686d |
Trading data
THEQ | BWVTF | |
Last sale 9/4/2026 at 1:30 PM | $30.39 | |
| Previous close 09/03/2026 | $30.49 | |
| Consolidated volume 09/03/2026 | ||
| 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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THEQ
is actively managed and doesn’t replicate an indexTHEQ | BWVTF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/4/2026 at 1:30 PM
Live
Closed
THEQ | BWVTF | |
|---|---|---|
| Last price | $30.39 | – |
| 1D performance | -0.33% | – |
| AuM | $39.29 M | $1.57 M |
| E/R | 0.73% | 0.75% |
Characteristics
THEQ | BWVTF | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | Barclays |
| Benchmark | - | CBOE S&P 500 BuyWrite Index |
| N° of holdings | 349 | 495 |
| Asset class | - | Alternative |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 26, 2025 | May 22, 2007 |
| ESG | No | No |
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Exposure
Countries
THEQ
USA
91.24%
Other
8.76%
BWVTF
USA
97.04%
Other
2.96%
Sectors
THEQ
Technology
41.44%
Finance
13.4%
Healthcare
9.06%
Consumer Non-Cycl.
9.02%
Other
27.09%
BWVTF
Technology
44.19%
Finance
14.31%
Healthcare
9.37%
Consumer Non-Cycl.
9.14%
Industrials
7.65%
Other
15.35%
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Diversification
THEQ
Total weight of top 15 holdings out of 15
39.16%
BWVTF
Total weight of top 15 holdings out of 15
43.4%
Top 15 holdings
Data as of July 31, 2026
THEQ
NVIDIA Corp.
6.66%
Apple, Inc.
6.51%
Microsoft Corp.
4.80%
Amazon.com, Inc.
3.53%
Alphabet, Inc.
2.98%
Broadcom Inc.
2.59%
Alphabet, Inc.
2.26%
Meta Platforms, Inc.
1.78%
Eli Lilly & Co.
1.25%
Mastercard, Inc.
1.22%
JPMorgan Chase & Co.
1.20%
Advanced Micro Devices, Inc.
1.16%
Tesla, Inc.
1.09%
Micron Technology, Inc.
1.08%
Cisco Systems, Inc.
1.05%
BWVTF
Apple, Inc.
7.95%
NVIDIA Corp.
7.36%
Microsoft Corp.
4.64%
Amazon.com, Inc.
3.55%
Alphabet, Inc.
3.16%
Broadcom Inc.
2.80%
Alphabet, Inc.
2.54%
Meta Platforms, Inc.
2.06%
Eli Lilly & Co.
1.53%
Berkshire Hathaway, Inc.
1.49%
JPMorgan Chase & Co.
1.48%
Tesla, Inc.
1.34%
Micron Technology, Inc.
1.33%
Advanced Micro Devices, Inc.
1.12%
US30233Q1085
1.04%
Frequently asked questions about THEQ and BWVTF
How have the THEQ and BWVTF ETFs performed in 2026?
As of September 2, 2026, THEQ is up 8.03% year-to-date (YTD), while BWVTF has returned 10.81%. That puts BWVTF better performer ahead so far this year.
Which ETF is attracting more investor money: THEQ or BWVTF?
Year-to-date, the THEQ ETF saw +$3M in flows, compared to -$126K for BWVTF.
Which ETF is more volatile: THEQ or BWVTF?
Over the past year, THEQ had a volatility of 9.21%, while BWVTF experienced 7.52%.
Which ETF is bigger: THEQ or BWVTF?
As of September 2, 2026, THEQ holds $39.29 M in assets under management (AUM), while BWVTF manages $1.57 M.
What sectors do the THEQ and BWVTF ETFs invest in?
THEQ leans toward sectors like Technology, Finance and Healthcare. Meanwhile, BWVTF focuses on Technology, Finance and Healthcare.
What are the top holdings of the THEQ ETF and BWVTF ETF?
THEQ top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. BWVTF holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: THEQ or BWVTF?
THEQ holds 355 securities with 39.16% of its assets in the top 15. BWVTF has 503 securities and a top 15 weight of 43.4%.
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