IVVW vs TZA
Comparison between ISHARES S&P 500 BUYWRITE ETF (IVVW, ETF) and DIREXION DAILY SMALL CAP BEAR 3X SHARES (TZA, ETF).
IVVW vs TZA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
IVVW vs TZA - Holdings Comparison
IVVW and TZA have 0 common holdings. Overlap is 0.00%
IVVW's top 25 holdings weight is 101.11%. TZA's top 25 holdings weight is 40.95%.
| Rank | IVVW | TZA |
|---|---|---|
| #1 | ISHARES CORE S&P 500 ETF (IVV) - 101.11% | GOLDMAN SACHS FS TREASURY INTMS INSTL (FTIXX) - 40.95% |
| #2 | N/A | N/A |
| #3 | N/A | N/A |
| #4 | N/A | N/A |
| #5 | N/A | N/A |
| #6 | N/A | N/A |
| #7 | N/A | N/A |
| #8 | N/A | N/A |
| #9 | N/A | N/A |
| #10 | N/A | N/A |
| #11 | N/A | N/A |
| #12 | N/A | N/A |
| #13 | N/A | N/A |
| #14 | N/A | N/A |
| #15 | N/A | N/A |
| #16 | N/A | N/A |
| #17 | N/A | N/A |
| #18 | N/A | N/A |
| #19 | N/A | N/A |
| #20 | N/A | N/A |
| #21 | N/A | N/A |
| #22 | N/A | N/A |
| #23 | N/A | N/A |
| #24 | N/A | N/A |
| #25 | N/A | N/A |
| Total Holdings | 1 | 1 |
IVVW vs TZA - Historical Returns
Returns include dividend reinvestment.
IVVW vs TZA - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | IVVW | TZA |
|---|---|---|
| 2026 | +3.46% | -34.89% |
| 2025 | +11.80% | -40.14% |
| 2024 | +12.89% | -33.52% |
| 2023 | N/A | -42.13% |
| 2022 | N/A | +35.32% |
| 2021 | N/A | -52.86% |
| 2020 | N/A | -80.41% |
| 2019 | N/A | -52.45% |
| 2018 | N/A | +28.74% |
| 2017 | N/A | -37.30% |
| 2016 | N/A | -58.67% |
| 2015 | N/A | -7.71% |
| 2014 | N/A | -31.55% |
| 2013 | N/A | -65.56% |
| 2012 | N/A | -46.46% |
| 2011 | N/A | -40.32% |
| 2010 | N/A | -65.58% |
| 2009 | N/A | -78.57% |
| 2008 | N/A | -59.11% |
IVVW vs TZA Drawdown Comparison
The maximum drawdown for IVVW was -16.79%, occurring on Apr 8, 2025. Recovery took 140 trading sessions.
The maximum drawdown for TZA was -100.00%, occurring on May 28, 2026. This drawdown has not yet recovered.
The current IVVW drawdown is -1.56%. The current TZA drawdown is -100.00%.
| Rank | IVVW | TZA |
|---|---|---|
| #1 | -16.79% Feb 18, 2025 - Sep 9, 2025 | -100.00% Nov 20, 2008 - May 28, 2026 |
| #2 | -6.19% Jul 22, 2024 - Aug 15, 2024 | N/A |
| #3 | -5.81% Feb 25, 2026 - Apr 17, 2026 | N/A |
| #4 | -3.66% Mar 28, 2024 - Jun 5, 2024 | N/A |
| #5 | -2.59% Dec 16, 2024 - Jan 17, 2025 | N/A |
| #6 | -2.45% Nov 12, 2025 - Nov 28, 2025 | N/A |
| #7 | -1.84% Aug 30, 2024 - Sep 12, 2024 | N/A |
| #8 | -1.82% Feb 2, 2026 - Feb 9, 2026 | N/A |
| #9 | -1.58% Oct 18, 2024 - Nov 6, 2024 | N/A |
| #10 | -1.56% Jun 4, 2026 - Jun 5, 2026 | N/A |
| #11 | -1.50% Jan 16, 2026 - Jan 26, 2026 | N/A |
| #12 | -1.47% Oct 6, 2025 - Oct 17, 2025 | N/A |
| #13 | -1.27% Feb 9, 2026 - Feb 25, 2026 | N/A |
| #14 | -0.90% Nov 14, 2024 - Nov 22, 2024 | N/A |
| #15 | -0.81% May 12, 2026 - May 22, 2026 | N/A |
Correlation
Correlation between IVVW and TZA is -0.96 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.
Dividend Comparison (2018 - 2026)
IVVW vs TZA dividend yield comparison.
| Year | IVVW | TZA |
|---|---|---|
| 2026 | 7.78% | 1.49% |
| 2025 | 18.55% | 5.08% |
| 2024 | 13.72% | 5.40% |
| 2023 | 0.00% | 5.49% |
| 2020 | 0.00% | 1.21% |
| 2019 | 0.00% | 1.56% |
| 2018 | 0.00% | 0.63% |
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