- 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
Share Price Chart
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Performance
IWC Performance Chart
iShares Micro-Cap ETF (IWC) is up 23.4% since the beginning of the year. IWC is currently trading at $194 per share. Investors who bought $1,000 worth of IWC shares 5 years ago would now be looking at an investment worth $1,339.
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Returns By Period
iShares Micro-Cap ETF (IWC) has returned 23.36% so far this year and 59.41% over the past 12 months. Over the last ten years, IWC has returned 12.07% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares Micro-Cap ETF
- 1D
- 0.82%
- 1M
- 4.00%
- YTD
- 23.36%
- 6M
- 19.51%
- 1Y
- 59.41%
- 3Y*
- 23.10%
- 5Y*
- 6.01%
- 10Y*
- 12.07%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
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 +0.83%. At this rate, an investment would double in approximately 7.0 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% | 1.63% | 23.36% | ||||||
| 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 -0.72%, 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 116.20% 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
- -0.72%
- Beta
- 1.08
- R²
- 0.71
- Upside Capture
- 112.00%
- Downside Capture
- 116.20%
Expense Ratio
IWC has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IWC ranks 77 for risk / return — better than 77% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by 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 | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 2.78 | +2.02 |
| Martin ratioReturn relative to average drawdown | 15.64 | 12.44 | +3.20 |
Dividends
Dividend History
iShares Micro-Cap ETF provided a 0.98% 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 | 0.98% | 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 | $0.76 | ||||||
| 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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -64.61%Mar 2009 | 1y 8mo | 4y | 5y 8moJun 2007 - Mar 2013 |
COVID crash2020 | -47.21%Mar 2020 | 1y 6mo | 8mo 10d | 2y 2moSep 2018 - Nov 2020 |
2023 bear market2023 | -41.06%Oct 2023 | 2y 7mo | 1y 10mo | 4y 6moMar 2021 - Sep 2025 |
2016 bear market2016 | -28.70%Feb 2016 | 7mo 22d | 9mo 14d | 1y 5moJun 2015 - Nov 2016 |
2014 correction2014 | -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 | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -15.25% | -10.71% | -4.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 2.03% | +1.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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