Data as of .
IVVW vs OARK: which paid, and which earned it?
Over the year OARK paid 37.4% of its price in cash against IVVW’s 17.5%, though IVVW returned more with it reinvested.
ETFIQ Return Stability Score: IVVW scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, IVVW and OARK hold 0% of their money in the same securities at the same weight.
| Only in IVVW | Only in OARK |
|---|---|
| ISHARES CORE S&P ETF TRUST 101.45% | United States Treasury Note/Bond 2.375% 05/15/2027 31.97% |
| USD CASH 0.18% | United States Treasury Bill 02/18/2027 31.91% |
| OCT26 SPX C @ 7625.000000 -1.63% | United States Treasury Bill 07/08/2027 22.43% |
| 2ARKK US 11/20/26 C85.01 FLX 8.43% | |
| United States Treasury Bill 12/10/2026 6.55% | |
| United States Treasury Bill 10/15/2026 3.23% | |
| First American Government Obligations Fund 12/01/2031 1.09% | |
| ARKK US 09/25/26 C86 0.66% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| IVVW | OARK | IVVW | OARK | IVVW | OARK | |
| 3 months | +4.6% | +3.9% | 2.6% | 9.0% | +2.4 pts | +6.4 pts |
| 6 months | +13.1% | +20.0% | 7.9% | 22.6% | −4.9 pts | −4.2 pts |
| 1 year | +17.2% | +6.6% | 17.5% | 37.4% | +0.6 pts | −15.2 pts |
| 3 years | not published | +61.9% | not published | 87.5% | not published | −36.3 pts |
| Since launch | +38.9% | +58.8% | 39.7% | 89.4% | −14.9 pts | −96.7 pts |
| IVVW iShares S&P 500 BuyWrite ETF Covered call on SPY, paying monthly | OARK YieldMax(R) Innovation Option Income Strategy ETF Synthetic covered call on QQQ, paying weekly | |
|---|---|---|
| Issuer | iShares | YieldMax |
| Strategy | covered call | synthetic covered call |
| Benchmark | S&P 500 (SPY) | Nasdaq-100 (QQQ), used as the innovation proxy |
| Pays | monthly | weekly |
| Payout rate, annualized | 7.6% | 27.9% |
| Expense ratio | 0.25% | 1.00% |
| Cash paid, 1 year | 17.5% | 37.4% |
| Price change, 1 year | −2.0% | −34.0% |
| Total return, 1 year | +17.2% | +6.6% |
| Benchmark return, 1 year | +16.6% | +21.8% |
| Ahead or behind | +0.6 pts | −15.2 pts |
| Return of capital, latest estimate | not published | 0% |
| Age | 917 days | 1395 days |
| Net assets | $350m | $32m |
IVVW in plain words
Over the year to Sep 18, 2026, IVVW paid 17.5% of its starting value in cash distributions while its price fell 2.0%. With every distribution reinvested, the fund returned +17.2%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 0.6 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.6%, paid monthly.
OARK in plain words
Over the year to Sep 18, 2026, OARK paid 37.4% of its starting value in cash distributions while its price fell 34.0%. With every distribution reinvested, the fund returned +6.6%. Nasdaq-100 (QQQ), used as the innovation proxy returned +21.8% over the same days, so a holder was behind by 15.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 27.9%, paid weekly. YieldMax estimates that 0% of the distribution paid Sep 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which paid more, IVVW or OARK?
- Over the year to Sep 18, 2026, IVVW paid 17.5% of its starting price in cash and OARK paid 37.4%, so OARK paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, IVVW or OARK?
- With every distribution reinvested, IVVW returned +17.2% and OARK returned +6.6% over the year to Sep 18, 2026, so IVVW returned more.
- Which is cheaper, IVVW or OARK?
- IVVW charges 0.25% a year and OARK charges 1.00%, so IVVW is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, IVVW against OARK, data as of Sep 18, 2026. https://etfiq.com/compare/income/ivvw-vs-oark Free to use with attribution; the underlying files are at Open data.