BALI

iShares S&P 500 BuyWrite ETF

SPYIssuer: BlackRockInception: October 18, 2022

6.3

Overall Score

Strategy & Profile

iShares (BlackRock) S&P 500 BuyWrite ETF — passive covered call strategy on the S&P 500 with one of the lowest expense ratios in the category at 0.25%. Launched in 2022.

TTM Yield: ~8%

Strengths

  • ✓Lowest expense ratio in S&P 500 BuyWrite segment (0.25%)
  • ✓BlackRock brand and infrastructure
  • ✓Strong upside participation (8.97/10)

Weaknesses

  • ✗Short track record (October 2022)
  • ✗No 2022 bear market in full-year data
  • ✗Low downside protection (1.59/10)

Investor Profile

Cost-conscious investor seeking passive S&P 500 covered call exposure

Verdict

The cheapest S&P 500 covered call ETF — but 2-star maturity and very low downside protection are concerns

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Key Metrics

Expense Ratio

0.250%

Inception Date

October 18, 2022

Benchmark

SPY

Category

Covered Call - Large Cap

Distribution Frequency

Monthly

Maturity Rating

3/5 stars

Scores calculated using CoveredRank methodology. Every formula is published and reproducible.

See full methodology→

Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.