- ISIN
- US4642888691
- CUSIP
- 464288869
- Issuer
- iShares
- Inception Date
- Aug 12, 2005
- Region
- North America (U.S.)
- Category
- Small Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Russell Microcap Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Micro-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $1B
Highlights
- Avg. Volume (1M)
- 69K
- Avg. Volume Value (1M)
- $13.29M
Share Price Chart
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Performance
IWC Performance Chart
iShares Micro-Cap ETF (IWC) is up 19.5% since the beginning of the year. IWC is currently trading at $188 per share. Investors who bought $1,000 worth of IWC shares 5 years ago would now be looking at an investment worth $1,382.
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Returns By Period
iShares Micro-Cap ETF (IWC) has returned 19.50% so far this year and 48.46% over the past 12 months. Over the last ten years, IWC has returned 11.12% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
iShares Micro-Cap ETF
- 1D
- -0.70%
- 1M
- -5.03%
- 6M
- 12.92%
- YTD
- 19.50%
- 1Y
- 48.46%
- 3Y*
- 19.06%
- 5Y*
- 6.69%
- 10Y*
- 11.12%
- ALL TIME*
- 7.67%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
IWC Monthly Returns History
Based on dividend-adjusted daily data since Aug 16, 2005, IWC's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +20.5%, while the worst month was Mar 2020 at -23.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, IWC closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +10.5%, while the worst single day was Mar 16, 2020 at -13.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.82% | 0.78% | -4.95% | 12.22% | 6.70% | 4.95% | -6.19% | 19.50% | |||||
| 2025 | -0.29% | -5.25% | -9.75% | -0.29% | 8.19% | 6.98% | 2.30% | 8.99% | 5.03% | 4.78% | 0.73% | 0.67% | 22.45% |
| 2024 | -4.02% | 6.47% | 2.44% | -8.04% | 5.43% | -2.70% | 12.43% | -3.21% | -0.25% | 0.54% | 11.66% | -5.55% | 13.63% |
| 2023 | 9.59% | -2.89% | -8.68% | -2.87% | 1.29% | 6.56% | 5.49% | -6.56% | -6.69% | -7.07% | 9.52% | 14.28% | 8.99% |
| 2022 | -9.98% | 1.15% | 1.37% | -10.37% | -0.19% | -9.60% | 10.08% | 0.33% | -9.53% | 9.49% | -0.54% | -3.90% | -21.93% |
| 2021 | 14.00% | 6.17% | 2.44% | -0.03% | 1.82% | 2.09% | -5.77% | 3.52% | -2.87% | 2.23% | -5.23% | 0.32% | 18.67% |
Benchmark Metrics
iShares Micro-Cap ETF has an annualized alpha of -0.87%, beta of 1.08, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since August 16, 2005.
- This ETF participated in 116.99% of S&P 500 Index downside but only 112.00% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.08 and R2 of 0.71, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.87%
- Beta
- 1.08
- R²
- 0.71
- Upside Capture
- 112.00%
- Downside Capture
- 116.99%
Expense Ratio
IWC has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IWC ranks 81 for risk / return — above 81% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iShares Micro-Cap ETF (IWC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IWC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 2.00 | +1.66 |
| Martin ratioReturn relative to average drawdown | 11.65 | 8.49 | +3.16 |
Dividends
Dividend History
iShares Micro-Cap ETF provided a 1.01% dividend yield over the last twelve months, with an annual payout of $1.89 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.89 | $1.73 | $1.38 | $1.36 | $1.27 | $1.09 | $1.17 | $1.18 | $0.83 | $1.05 | $0.99 | $1.07 |
Dividend yield | 1.01% | 1.10% | 1.06% | 1.17% | 1.18% | 0.78% | 0.98% | 1.19% | 1.01% | 1.09% | 1.16% | 1.49% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Micro-Cap ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.51 | $0.00 | $0.76 | |||||
| 2025 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.73 | $1.73 |
| 2024 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.38 | $1.38 |
| 2023 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.39 | $1.36 |
| 2022 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.38 | $1.27 |
| 2021 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.54 | $1.09 |
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 iShares Micro-Cap ETF. 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 iShares Micro-Cap ETF was 64.61%, occurring on Mar 9, 2009. Recovery took 1007 trading sessions.
The current iShares Micro-Cap ETF drawdown is 6.31%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-64.61%Mar 2009 | 1y 8mo | 4y | 5y 8moJun 2007 - Mar 2013 | Financial crisis2007–2009 |
-47.21%Mar 2020 | 1y 6mo | 8mo 10d | 2y 2moSep 2018 - Nov 2020 | COVID crash2020 |
-41.06%Oct 2023 | 2y 7mo | 1y 10mo | 4y 6moMar 2021 - Sep 2025 | — |
-28.70%Feb 2016 | 7mo 22d | 9mo 14d | 1y 5moJun 2015 - Nov 2016 | — |
-16.65%Oct 2014 | 7mo 8d | 5mo 9d | 1y 12dMar 2014 - Mar 2015 | — |
Drawdown Indicators
| IWC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.61% | -56.78% | -7.83% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -9.10% | -3.33% |
Max Drawdown (3Y)Largest decline over 3 years | -29.46% | -18.90% | -10.56% |
Max Drawdown (5Y)Largest decline over 5 years | -40.61% | -25.43% | -15.18% |
Max Drawdown (10Y)Largest decline over 10 years | -47.21% | -33.92% | -13.29% |
Current DrawdownCurrent decline from peak | -6.31% | -1.58% | -4.73% |
Average DrawdownAverage peak-to-trough decline | -15.18% | -10.70% | -4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 2.14% | +1.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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