FSV vs. IWM
FSV (FirstService Corporation) is a stock, while IWM (iShares Russell 2000 ETF) is Small Cap Blend Equities fund tracking the Russell 2000 Index. Over the past 10 years, FSV returned 12.47%/yr vs 10.54%/yr for IWM. At a 0.44 correlation, their price movements are largely independent.
Performance
FSV vs. IWM - Performance Comparison
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Returns By Period
In the year-to-date period, FSV achieves a -9.34% return, which is significantly lower than IWM's 14.62% return. Over the past 10 years, FSV has outperformed IWM with an annualized return of 12.47%, while IWM has yielded a comparatively lower 10.54% annualized return.
FSV
- 1D
- 0.76%
- 1M
- 6.15%
- YTD
- -9.34%
- 6M
- -8.83%
- 1Y
- -19.69%
- 3Y*
- -0.76%
- 5Y*
- -2.56%
- 10Y*
- 12.47%
IWM
- 1D
- -3.55%
- 1M
- -1.80%
- YTD
- 14.62%
- 6M
- 12.89%
- 1Y
- 36.52%
- 3Y*
- 16.56%
- 5Y*
- 5.66%
- 10Y*
- 10.54%
FSV vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSV FirstService Corporation | -9.34% | -13.52% | 12.34% | 33.07% | -37.22% | 44.27% | 47.92% | 36.73% | -1.34% | 48.39% |
IWM iShares Russell 2000 ETF | 14.62% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
Correlation
The correlation between FSV and IWM is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2015 | 0.44 |
The correlation between FSV and IWM shifts across timeframes, from 0.38 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FSV vs. IWM — Risk / Return Rank
FSV
IWM
FSV vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FirstService Corporation (FSV) and iShares Russell 2000 ETF (IWM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FSV | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -3.48 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.31 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 3.33 | -3.83 |
| Martin ratioReturn relative to average drawdown | -0.87 | 11.78 | -12.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSV | IWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.71 | 1.88 | -2.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.25 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.46 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.36 | +0.24 |
Drawdowns
FSV vs. IWM - Drawdown Comparison
The maximum FSV drawdown since its inception was -47.45%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for FSV and IWM.
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Drawdown Indicators
| FSV | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.45% | -59.05% | +11.60% |
Max Drawdown (1Y)Largest decline over 1 year | -39.38% | -11.03% | -28.35% |
Max Drawdown (3Y)Largest decline over 3 years | -39.38% | -27.50% | -11.88% |
Max Drawdown (5Y)Largest decline over 5 years | -44.07% | -31.91% | -12.16% |
Max Drawdown (10Y)Largest decline over 10 years | -47.45% | -41.13% | -6.32% |
Current DrawdownCurrent decline from peak | -32.14% | -3.55% | -28.59% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -10.76% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.67% | 3.11% | +19.56% |
Volatility
FSV vs. IWM - Volatility Comparison
FirstService Corporation (FSV) has a higher volatility of 8.36% compared to iShares Russell 2000 ETF (IWM) at 6.65%. This indicates that FSV's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSV | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 6.65% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 21.18% | 14.00% | +7.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.93% | 19.54% | +8.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.76% | 22.58% | +3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.29% | 23.06% | +4.23% |
Dividends
FSV vs. IWM - Dividend Comparison
FSV's dividend yield for the trailing twelve months is around 0.80%, less than IWM's 0.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSV FirstService Corporation | 0.80% | 0.71% | 0.55% | 0.56% | 0.66% | 0.37% | 0.48% | 0.64% | 0.79% | 0.70% | 0.93% | 0.74% |
IWM iShares Russell 2000 ETF | 0.90% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
FSV and IWM have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSV has higher volatility (8.36%) compared to IWM (6.65%). In terms of maximum drawdown, FSV dropped -47.45% vs IWM's -59.05%.
IWM currently has the higher Sharpe Ratio (1.88 vs -0.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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