Which paid more, IVVW or YMAG?

Over the year to Nov 4, 2026, IVVW paid 17.5% of its starting price in cash and YMAG paid 33.4%, so YMAG 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 YMAG?

With every distribution reinvested, IVVW returned +14.8% and YMAG +5.8% over the year to Nov 4, 2026.

Which is cheaper, IVVW or YMAG?

IVVW charges 0.25% a year and YMAG charges 1.34%, so IVVW is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

IVVW vs YMAG: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, YMAG paid 33.4% of its price in cash against IVVW’s 17.5%, though IVVW returned more with it reinvested.

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Net assets: $349m on Nov 4, 2026 for iShares IVV Premium Income+ ETF, and $268m on Nov 3, 2026 for YieldMax Magnificent 7 Fund of Option Income ETFs.

IVVW on its own →YMAG on its own →

At a glance

17.5%

IVVW cash paid, 1 year

33.4%

YMAG cash paid, 1 year

+14.8%

IVVW total return, 1 year

+5.8%

YMAG total return, 1 year

IVVW · 1 year to Nov 4, 2026 About even with SPY

IVVW

+14.8%

SPY

+14.8%

About even with SPY

IVVW over 1 year: paid 17.5%, price −4.1%, total +14.8%, SPY +14.8%, 0.0 pts. Data to Nov 4, 2026.

SPY

+14.8%

IVVW

+14.8%

17.5% of it arrived as cash

about even with SPY

Total return, distributions reinvested

About even with SPY

IVVW over 1 year: paid 17.5%, price −4.1%, total +14.8%, SPY +14.8%, 0.0 pts. Data to Nov 4, 2026.

SPY

+14.8%

IVVW

+14.8%

17.5% as cash

about even with SPY

17.5% of it arrived as cash. Total return, distributions reinvested. IVVW over 1 year: paid 17.5%, price −4.1%, total +14.8%, SPY +14.8%, 0.0 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

YMAG · 1 year to Nov 4, 2026 1.2 pts ahead of its own holdings

YMAG

+5.8%

Own

+4.6%

1.2 pts ahead of its own holdings

YMAG over 1 year: paid 33.4%, price −29.4%, total +5.8%, its own holdings +4.6%, +1.2 pts. Data to Nov 4, 2026.

its own holdings

+4.6%

YMAG

+5.8%

33.4% of it arrived as cash

1.2 pts ahead of its own holdings

Total return, distributions reinvested

1.2 pts ahead of its own holdings

YMAG over 1 year: paid 33.4%, price −29.4%, total +5.8%, its own holdings +4.6%, +1.2 pts. Data to Nov 4, 2026.

its own holdings

+4.6%

YMAG

+5.8%

1.2 pts ahead of its own holdings

33.4% of it arrived as cash. Both charts share one scale, with zero at the line. YMAG over 1 year: paid 33.4%, price −29.4%, total +5.8%, its own holdings +4.6%, +1.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

IVVW costs 1.09 points a year less; their one-year returns differ by 9.0 points; IVVW is 1.3 times larger.

Points (pts) are percentage points.

IVVW vs YMAG: Dividend Yield & Total Return
Measure	IVVW	YMAG
Paid and earned
Measure	IVVW	YMAG
Total return, 1 year	+14.8%	+5.8%
Price change, 1 year	fell 4.1%	fell 29.4%
Return of capital, issuer estimate	49% of the Oct 7, 2026 payment	11% of the Nov 5, 2026 payment
Against its benchmark
Measure	IVVW	YMAG
Benchmark	S&P 500, measured through SPY	its own holdings
Cost and size
Measure	IVVW	YMAG
Expense ratio	0.25%	1.34%
Net assets, as of Nov 3, 2026	$344m	$268m
Holdings
Measure	IVVW	YMAG
Holdings in common	0%

ETFIQ Distribution Coverage Score · IVVW scores higher How much of what it paid out did its total return cover?

IQ Income Score47.6IVVW23.1YMAG

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

IVVW 47.6

YMAG 23.1

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

Risk and return

Mar 22, 2024 to Oct 30, 2026 · 136 weekly returns

IVVW YMAG

Return

Total return edge YMAG +37.2% +52.0%

Annualized edge YMAG +12.9% +17.4%

Price return edge IVVW −11.7% −48.9%

Risk

Volatility edge IVVW 10.0% 19.6%

Max drawdown edge IVVW −15.0% −23.7%

Risk-adjusted

Sharpe edge IVVW 0.83 0.70

Sortino edge IVVW 1.16 1.04

Calmar edge IVVW 0.86 0.73

Reading

From Mar 2024 to Oct 2026, YMAG returned more: +52.0% to +37.2%. IVVW swung less: 10.0% to 19.6%. IVVW fell less at its worst: −15.0% to −23.7%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: IVVW vs YMAG: Dividend Yield & Total Return
Measure	IVVW	YMAG	Edge	How it is measured
Return
Total return	+37.2%	+52.0%	YMAG	Price change plus distributions, reinvested.
Annualized	+12.9%	+17.4%	YMAG	Total return as a yearly rate.
Price return	−11.7%	−48.9%	IVVW	Price change alone, distributions left out.
Risk
Volatility	10.0%	19.6%	IVVW	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	7.1%	13.1%	IVVW	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−15.0%	−23.7%	IVVW	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.83	0.70	IVVW	Return above Treasury bills per unit of volatility.
Sortino	1.16	1.04	IVVW	Return above Treasury bills per unit of downside deviation.
Calmar	0.86	0.73	IVVW	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 136 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, IVVW and YMAG hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first IVVW YMAG

Only in one fund ↓

Only in IVVW

ISHARES CORE S&P ETF TRUST 100.36%

NOV26 SPX C @ 7821.5 0.00%

NOV26 SPX C @ 7821.5 -0.03%

NOV26 SPX C @ 7699.92 -0.18%

NOV26 SPX C @ 7655.87 -0.29%

Only in YMAG

YieldMax MSFT Option Income Strategy ETF 15.10%

YieldMax AAPL Option Income Strategy ETF 15.04%

YieldMax Amzn Option Income ETF 14.92%

YieldMax Tsla Option Income ETF 14.83%

YieldMax NVDA Option Income Strategy ETF 13.66%

YieldMax Meta Option Income Strategy ETF 13.26%

YieldMax GOOGL Option Income Strategy ETF 12.23%

Check overlap with more funds →

Side by side

IVVW iShares IVV Premium Income+ ETF · Covered call on SPY, paying monthly YMAG YieldMax Magnificent 7 Fund of Option Income ETFs · Synthetic covered call on its own holdings, paying weekly

Issuer iShares YieldMax

Strategy covered call synthetic covered call

Benchmark S&P 500 (SPY) YMAG's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026)

Pays monthly weekly

Payout rate, annualized 15.7% 31.4%

Expense ratio 0.25% 1.34%

Cash paid, 1 year 17.5% 33.4%

Price change, 1 year −4.1% −29.4%

Total return, 1 year +14.8% +5.8%

Benchmark return, 1 year +14.8% +4.6%

Ahead or behind 0.0 pts +1.2 pts

Return of capital, latest estimate 49% 11%

Age 2.6 years 2.8 years

Net assets, IVVW as of Nov 4, 2026 and YMAG as of Nov 3, 2026 $349m $268m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: IVVW vs YMAG: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	IVVW	YMAG	IVVW	YMAG	IVVW	YMAG
3 months	+2.0%	+3.3%	3.9%	9.1%	+2.2 pts	+0.3 pts
6 months	+8.0%	+1.9%	7.8%	18.1%	+3.0 pts	−0.2 pts
1 year	+14.8%	+5.8%	17.5%	33.4%	0.0 pts	+1.2 pts
Since launchNot the same days: IVVW Mar 2024 · YMAG Jan 2024	+40.5%	+70.3%	42.6%	91.7%	−14.4 pts	not measured

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About each fund

IVVW

Over the year to Nov 4, 2026, IVVW paid 17.5% of its starting value in cash distributions while its price fell 4.1%. With every distribution reinvested, the fund returned +14.8%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 15.7%, paid monthly. iShares estimates that 49% of the distribution paid Oct 7, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

YMAG

Over the year to Nov 4, 2026, YMAG paid 33.4% of its starting value in cash distributions while its price fell 29.4%. With every distribution reinvested, the fund returned +5.8%. YMAG's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026) returned +4.6% over the same days, so a holder was ahead by 1.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 31.4%, paid weekly. YieldMax estimates that 11% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, IVVW or YMAG?: Over the year to Nov 4, 2026, IVVW paid 17.5% of its starting price in cash and YMAG paid 33.4%, so YMAG 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 YMAG?: With every distribution reinvested, IVVW returned +14.8% and YMAG +5.8% over the year to Nov 4, 2026.
Which is cheaper, IVVW or YMAG?: IVVW charges 0.25% a year and YMAG charges 1.34%, so IVVW is cheaper. Fees come from each fund's prospectus.

Other comparisons

IVVW vs ULTY IVVW vs SIXH IVVW vs YYY IVVW vs KYLD YMAG vs QUSA YMAG vs SCLZ YMAG vs JULH YMAG vs SPUT

Where to next

S&P 500 (SPY) →IVVW on its own →YMAG on its own →IVVW dividend history →IVVW holdings →YMAG dividend history →YMAG holdings →Method →Standards and sources →

Sources and dates

IVVW filings on SEC EDGAR ↗

IVVW prospectus with the expense ratio (SEC) ↗

IVVW 19a-1 distribution notice ↗

iShares page for IVVW ↗

YMAG filings on SEC EDGAR ↗

YMAG prospectus with the expense ratio (SEC) ↗

YMAG 19a-1 distribution notice ↗

YieldMax page for YMAG ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, IVVW against YMAG, data as of Nov 4, 2026. https://etfiq.com/compare/income/ivvw-vs-ymag

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.