BUYW vs WDTE
Main BuyWrite ETF vs Defiance S&P 500 Weekly Distribution ETF
Which is better, BUYW or WDTE?
WDTE has been ahead.
BUYW has a lower expense ratio. WDTE 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 | BUYW | WDTE |
|---|---|---|
| Expense Ratio | 0.99%Best | 1.03% |
| AUM | $1.5B | $73M |
| Dividend Yield | 5.97% | 32.78% |
| Holdings | 44 | 10 |
| YTD Return | +2.17% | +13.58%Best |
| 1Y Return | +3.56% | +16.98%Best |
| 3Y Return (annualized) | +7.50% | +14.59%Best |
| Volatility (annualized) | 3.2%Best | 10.2% |
| Max Drawdown | -9.4%Best | -15.8% |
| $10,000 over 3.1 years | $12,405 | $15,076Best |
| Fund Family | Main Management Fund Advisors, LLC | Defiance ETFs, LLC |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Dec 29, 2015 | Sep 18, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Sep 19, 2023 to Oct 14, 2026 (3.1 years).
BUYW vs WDTE 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 3.1 years both funds cover.
BUYW vs WDTE Performance
Main BuyWrite ETF (BUYW) is an ETF from Main Management Fund Advisors, LLC and Defiance S&P 500 Weekly Distribution ETF (WDTE) is an ETF from Defiance ETFs, LLC. Over the past year BUYW returned +3.56% while WDTE returned +16.98%. Year to date, BUYW is up 2.17% versus a gain of 13.58% for WDTE.
Over three years, BUYW compounded at +7.50% per year against +14.59% for WDTE.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WDTE has been the more volatile fund, with annualized monthly volatility of 10.2% compared with 3.2% for BUYW. 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 -9.4% for BUYW and -15.8% for WDTE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BUYW charges 0.99% per year while WDTE charges 1.03%. On a $10,000 position that is $99 vs $103 annually, a gap of $4 per year that compounds over a long holding period. On income, BUYW currently yields 5.97% against 32.78% for WDTE.
Holdings Overlap
We hold position weights for 9 holdings in BUYW and 1 in WDTE, totalling 115.1% and 7.2% 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 9 positions we hold weights for in BUYW and 1 in WDTE, against full books of 44 and 10.
You are not choosing between two funds in isolation.
Whichever of BUYW and WDTE 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, BUYW or WDTE?
BUYW has an expense ratio of 0.99% while WDTE charges 1.03%. BUYW is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, BUYW or WDTE?
Over the past year BUYW returned +3.56% vs +16.98% for WDTE, so WDTE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BUYW or WDTE?
WDTE has been the more volatile fund at 10.2% annualized versus 3.2% for BUYW. Worst drawdown: BUYW -9.4% vs WDTE -15.8%.
Should I hold both BUYW and WDTE?
BUYW and WDTE have a monthly-return correlation of 0.80, 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, BUYW or WDTE?
BUYW yields 5.97% while WDTE yields 32.78%, so WDTE currently pays the higher dividend yield.
Is WDTE better than BUYW?
BUYW has a lower expense ratio. WDTE 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.