0006.HK vs. IWM
Compare and contrast key facts about Power Assets (0006.HK) and iShares Russell 2000 ETF (IWM).
IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 0006.HK or IWM.
Key characteristics
| 0006.HK | IWM | |
|---|---|---|
| YTD Return | 25.40% | 8.61% |
| 1Y Return | 48.16% | 18.47% |
| 3Y Return (Ann) | 10.89% | 0.87% |
| 5Y Return (Ann) | 6.28% | 8.04% |
| 10Y Return (Ann) | 4.33% | 8.04% |
| Sharpe Ratio | 2.34 | 0.94 |
| Daily Std Dev | 20.61% | 21.47% |
| Max Drawdown | -63.76% | -59.05% |
| Current Drawdown | -1.23% | -7.19% |
Correlation
The correlation between 0006.HK and IWM is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
0006.HK vs. IWM - Performance Comparison
In the year-to-date period, 0006.HK achieves a 25.40% return, which is significantly higher than IWM's 8.61% return. Over the past 10 years, 0006.HK has underperformed IWM with an annualized return of 4.33%, while IWM has yielded a comparatively higher 8.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
0006.HK vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Power Assets (0006.HK) 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.
Dividends
0006.HK vs. IWM - Dividend Comparison
0006.HK's dividend yield for the trailing twelve months is around 5.27%, more than IWM's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
0006.HK Power Assets | 5.27% | 6.23% | 6.60% | 5.80% | 6.67% | 4.91% | 16.15% | 11.81% | 3.98% | 3.77% | 3.42% | 4.02% |
IWM iShares Russell 2000 ETF | 1.22% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
0006.HK vs. IWM - Drawdown Comparison
The maximum 0006.HK drawdown since its inception was -63.76%, which is greater than IWM's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for 0006.HK and IWM. For additional features, visit the drawdowns tool.
Volatility
0006.HK vs. IWM - Volatility Comparison
The current volatility for Power Assets (0006.HK) is 4.93%, while iShares Russell 2000 ETF (IWM) has a volatility of 6.34%. This indicates that 0006.HK experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.