BSEP vs IWMY
Innovator U.S. Equity Buffer ETF - September vs Defiance R2000 Weekly Distribution ETF
Which is better, BSEP or IWMY?
BSEP has been ahead.
BSEP has a lower expense ratio. BSEP led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BSEP | IWMY |
|---|---|---|
| Expense Ratio | 0.79%Best | 1.05% |
| AUM | $470M | $83M |
| Dividend Yield | 0.00% | 39.40% |
| Holdings | 1,520 | 10 |
| YTD Return | +10.32%Best | +4.37% |
| 1Y Return | +13.43%Best | +1.60% |
| 3Y Return (annualized) | +16.86%Best | -3.29% |
| 5Y Return (annualized) | +11.29% | - |
| Volatility (annualized) | 8.0%Best | 14.7% |
| Max Drawdown | -13.4%Best | -35.7% |
| $10,000 over 3 years | $16,556Best | $9,045 |
| Fund Family | Innovator ETFs Trust | Defiance ETFs, LLC |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Aug 30, 2019 | Oct 30, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 31, 2023 to Oct 14, 2026 (3 years).
BSEP vs IWMY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3 years both funds cover.
BSEP vs IWMY Performance
Innovator U.S. Equity Buffer ETF - September (BSEP) is an ETF from Innovator ETFs Trust and Defiance R2000 Weekly Distribution ETF (IWMY) is an ETF from Defiance ETFs, LLC. Over the past year BSEP returned +13.43% while IWMY returned +1.60%. Year to date, BSEP is up 10.32% versus a gain of 4.37% for IWMY.
Over three years, BSEP compounded at +16.86% per year against -3.29% for IWMY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWMY has been the more volatile fund, with annualized monthly volatility of 14.7% compared with 8.0% for BSEP. 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 -13.4% for BSEP and -35.7% for IWMY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BSEP charges 0.79% per year while IWMY charges 1.05%. On a $10,000 position that is $79 vs $105 annually, a gap of $26 per year that compounds over a long holding period. On income, BSEP currently yields 0.00% against 39.40% for IWMY.
Holdings Overlap
We hold position weights for 494 holdings in BSEP and 1 in IWMY, totalling 98.2% and 1.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 494 positions we hold weights for in BSEP and 1 in IWMY, against full books of 1,520 and 10.
You are not choosing between two funds in isolation.
Whichever of BSEP and IWMY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BSEP or IWMY?
BSEP has an expense ratio of 0.79% while IWMY charges 1.05%. BSEP is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, BSEP or IWMY?
Over the past year BSEP returned +13.43% vs +1.60% for IWMY, so BSEP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSEP or IWMY?
IWMY has been the more volatile fund at 14.7% annualized versus 8.0% for BSEP. Worst drawdown: BSEP -13.4% vs IWMY -35.7%.
Should I hold both BSEP and IWMY?
BSEP and IWMY have a monthly-return correlation of 0.61, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BSEP or IWMY?
BSEP yields 0.00% while IWMY yields 39.40%, so IWMY currently pays the higher dividend yield.
Is IWMY better than BSEP?
BSEP has a lower expense ratio. BSEP led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.