Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
IWM iShares Russell 2000 ETF | Small Cap Blend Equities | 50% |
SPY State Street SPDR S&P 500 ETF | S&P 500 | 50% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in IWM & SPY Overlap, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is May 26, 2000, corresponding to the inception date of IWM
Returns By Period
As of Apr 4, 2026, the IWM & SPY Overlap returned -0.66% Year-To-Date and 12.19% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -4.18% | -3.84% | -1.98% | 21.98% | 16.86% | 10.37% | 12.29% |
Portfolio IWM & SPY Overlap | 0.39% | -3.93% | -0.66% | 0.66% | 28.73% | 15.98% | 7.77% | 12.19% |
| Portfolio components: | ||||||||
IWM iShares Russell 2000 ETF | 0.69% | -3.83% | 2.27% | 2.75% | 33.93% | 13.42% | 3.61% | 10.00% |
SPY State Street SPDR S&P 500 ETF | 0.09% | -4.02% | -3.56% | -1.44% | 23.60% | 18.37% | 11.88% | 14.11% |
Monthly Returns
Based on dividend-adjusted daily data since May 30, 2000, IWM & SPY Overlap's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, your investment would double in approximately 7.4 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +14.6%, while the worst month was Oct 2008 at -18.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, IWM & SPY Overlap closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +11.6%, while the worst single day was Mar 16, 2020 at -12.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.48% | -0.08% | -4.96% | 1.09% | -0.66% | ||||||||
| 2025 | 2.59% | -3.25% | -6.21% | -1.59% | 5.77% | 5.32% | 1.99% | 4.61% | 3.37% | 2.07% | 0.61% | -0.31% | 15.22% |
| 2024 | -1.14% | 5.41% | 3.38% | -5.44% | 5.05% | 1.25% | 5.79% | 0.23% | 1.39% | -1.15% | 8.51% | -5.45% | 18.14% |
| 2023 | 8.05% | -2.11% | -0.65% | -0.10% | -0.17% | 7.25% | 4.69% | -3.37% | -5.30% | -4.54% | 9.17% | 8.26% | 21.48% |
| 2022 | -7.40% | -1.00% | 2.47% | -9.34% | 0.21% | -8.31% | 9.89% | -3.03% | -9.46% | 9.65% | 3.85% | -6.14% | -19.32% |
| 2021 | 1.90% | 4.53% | 2.89% | 3.53% | 0.47% | 2.06% | -0.59% | 2.60% | -3.80% | 5.63% | -2.55% | 3.48% | 21.62% |
Benchmark Metrics
IWM & SPY Overlap has an annualized alpha of 1.91%, beta of 1.05, and R² of 0.92 versus S&P 500 Index. Calculated based on daily prices since May 30, 2000.
- This portfolio captured 116.25% of S&P 500 Index gains and 105.31% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.05 and R² of 0.92, this portfolio moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.91%
- Beta
- 1.05
- R²
- 0.92
- Upside Capture
- 116.25%
- Downside Capture
- 105.31%
Expense Ratio
IWM & SPY Overlap has an expense ratio of 0.14%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
IWM & SPY Overlap ranks 37 for risk / return — below 37% of portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 0.88 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.37 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.39 | +0.38 |
Martin ratioReturn relative to average drawdown | 7.59 | 6.43 | +1.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 58 | 1.10 | 1.64 | 1.21 | 1.99 | 7.27 |
SPY State Street SPDR S&P 500 ETF | 52 | 0.92 | 1.45 | 1.22 | 1.51 | 7.11 |
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Dividends
Dividend yield
IWM & SPY Overlap provided a 1.07% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.07% | 1.05% | 1.18% | 1.37% | 1.57% | 1.07% | 1.28% | 1.50% | 1.72% | 1.53% | 1.70% | 1.80% |
| Portfolio components: | ||||||||||||
IWM iShares Russell 2000 ETF | 1.01% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the IWM & SPY Overlap. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the IWM & SPY Overlap was 56.72%, occurring on Mar 9, 2009. Recovery took 539 trading sessions.
The current IWM & SPY Overlap drawdown is 5.68%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -56.72% | Oct 10, 2007 | 355 | Mar 9, 2009 | 539 | Apr 27, 2011 | 894 |
| -42.77% | Sep 5, 2000 | 525 | Oct 9, 2002 | 528 | Nov 12, 2004 | 1053 |
| -37.14% | Feb 20, 2020 | 23 | Mar 23, 2020 | 114 | Sep 2, 2020 | 137 |
| -26.95% | Nov 9, 2021 | 225 | Sep 30, 2022 | 359 | Mar 7, 2024 | 584 |
| -23.84% | May 2, 2011 | 108 | Oct 3, 2011 | 111 | Mar 13, 2012 | 219 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 2 assets, with an effective number of assets of 2.00, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | IWM | SPY | Portfolio | |
|---|---|---|---|---|
| Benchmark | 1.00 | 0.85 | 0.99 | 0.94 |
| IWM | 0.85 | 1.00 | 0.85 | 0.98 |
| SPY | 0.99 | 0.85 | 1.00 | 0.94 |
| Portfolio | 0.94 | 0.98 | 0.94 | 1.00 |