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ABEQ vs. IWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ABEQ vs. IWX

Last updated Aug 4, 2026
Documentation

ABEQ (Absolute Select Value ETF) and IWX (iShares Russell Top 200 Value ETF) are both Large Cap Value Equities funds. ABEQ is actively managed, while IWX is passively managed. Over the past 5 years, ABEQ returned 8.42%/yr vs 12.91%/yr for IWX. Their correlation of 0.82 means they have usually moved in the same direction. ABEQ charges 0.85%/yr vs 0.20%/yr for IWX.

Performance

ABEQ vs. IWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Absolute Select Value ETF (ABEQ) and iShares Russell Top 200 Value ETF (IWX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ABEQ achieves a 7.54% return, which is significantly lower than IWX's 22.04% return.

ABEQ

1D
0.27%
1M
1.30%
6M
2.94%
YTD
7.54%
1Y
13.63%
3Y*
12.47%
5Y*
8.42%
10Y*
—
ALL TIME*
8.10%

IWX

1D
0.94%
1M
3.56%
6M
15.64%
YTD
22.04%
1Y
36.20%
3Y*
19.92%
5Y*
12.91%
10Y*
12.05%
ALL TIME*
11.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ABEQ

Absolute Select Value ETF
$447.80K$487.79K$489.86K

IWX

iShares Russell Top 200 Value ETF
$52.73M$47.86M$34.45M

ABEQ vs. IWX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
ABEQ
Absolute Select Value ETF		7.54%15.32%12.68%4.63%-1.00%12.49%2.14%
IWX
iShares Russell Top 200 Value ETF		22.04%18.23%14.89%10.45%-5.33%23.33%0.63%

Correlation

The correlation between ABEQ and IWX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.62

Correlation (3Y)
Balances recent behavior with more history.

0.74

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.80

Correlation (All Time)
Calculated using the full available price history since Jan 22, 2020

0.82

The correlation between ABEQ and IWX shifts across timeframes, from 0.62 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

ABEQ vs. IWX - Sectors Allocation Comparison

Sectors
ABEQ
IWX

Financial Services

27.5%
20.0%

Industrials

16.0%
8.3%

Basic Materials

15.5%
2.8%

Energy

11.0%
5.1%

Consumer Defensive

8.2%
8.2%

Healthcare

6.5%
13.6%

Communication Services

6.2%
3.5%

Real Estate

5.2%
1.8%

Technology

4.4%
22.6%

Utilities

3.9%
2.6%

Consumer Cyclical

-

11.6%

Financial Services

ABEQ
27.5%
IWX
20.0%

Industrials

ABEQ
16.0%
IWX
8.3%

Basic Materials

ABEQ
15.5%
IWX
2.8%

Energy

ABEQ
11.0%
IWX
5.1%

Consumer Defensive

ABEQ
8.2%
IWX
8.2%

Healthcare

ABEQ
6.5%
IWX
13.6%

Communication Services

ABEQ
6.2%
IWX
3.5%

Real Estate

ABEQ
5.2%
IWX
1.8%

Technology

ABEQ
4.4%
IWX
22.6%

Utilities

ABEQ
3.9%
IWX
2.6%

Consumer Cyclical

ABEQ

-

IWX
11.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Absolute Select Value ETF

iShares Russell Top 200 Value ETF

Often compared with ABEQ:
ABEQ vs. NVDAABEQ vs. ULABEQ vs. ELCVABEQ vs. XLFABEQ vs. DVALABEQ vs. EQRRABEQ vs. BAMV
Often compared with IWX:
IWX vs. IWNIWX vs. IWYIWX vs. IWCIWX vs. IWFIWX vs. XLPIWX vs. QQQIWX vs. SPYV

Return for Risk

ABEQ vs. IWX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
ABEQ
ABEQ Risk / Return Rank: 5353
Overall Rank
ABEQ Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
ABEQ Sortino Ratio Rank: 6262
Sortino Ratio Rank
ABEQ Omega Ratio Rank: 5959
Omega Ratio Rank
ABEQ Calmar Ratio Rank: 4646
Calmar Ratio Rank
ABEQ Martin Ratio Rank: 3535
Martin Ratio Rank
IWX
IWX Risk / Return Rank: 9696
Overall Rank
IWX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
IWX Sortino Ratio Rank: 9696
Sortino Ratio Rank
IWX Omega Ratio Rank: 9696
Omega Ratio Rank
IWX Calmar Ratio Rank: 9595
Calmar Ratio Rank
IWX Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ABEQ vs. IWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Absolute Select Value ETF (ABEQ) and iShares Russell Top 200 Value ETF (IWX). 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.

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.

ABEQIWXDifference
Sharpe ratioReturn per unit of total volatility
1.50
3.40

-1.90

Sortino ratioReturn per unit of downside risk
2.18
4.70

-2.52

Omega ratioGain probability vs. loss probability

1.27

1.61

-0.34

Calmar ratioReturn relative to maximum drawdown

1.73

5.52

-3.78

Martin ratioReturn relative to average drawdown

3.43

24.26

-20.83

ABEQ vs. IWX - Sharpe Ratio Comparison

The current ABEQ Sharpe Ratio is 1.50, which is lower than the IWX Sharpe Ratio of 3.40. The chart below compares the historical Sharpe Ratios of ABEQ and IWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ABEQ vs. IWX - Drawdown Comparison

The maximum ABEQ drawdown since its inception was -27.82%, smaller than the maximum IWX drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for ABEQ and IWX.

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Drawdown Indicators

ABEQIWXDifference

Max Drawdown

Largest peak-to-trough decline

-27.82%

-35.76%

+7.94%

Max Drawdown (1Y)

Largest decline over 1 year

-7.89%

-6.59%

-1.30%

Max Drawdown (3Y)

Largest decline over 3 years

-7.95%

-13.37%

+5.42%

Max Drawdown (5Y)

Largest decline over 5 years

-17.26%

-18.13%

+0.87%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.76%

—

Current Drawdown

Current decline from peak

-3.76%

0.00%

-3.76%

Average Drawdown

Average peak-to-trough decline

-4.12%

-3.79%

-0.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.98%

1.50%

+2.48%

Volatility

ABEQ vs. IWX - Volatility Comparison

The current volatility for Absolute Select Value ETF (ABEQ) is 2.78%, while iShares Russell Top 200 Value ETF (IWX) has a volatility of 2.94%. This indicates that ABEQ experiences smaller price fluctuations and is considered to be less risky than IWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ABEQIWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.78%

2.94%

-0.16%

Volatility (6M)

Calculated over the trailing 6-month period

6.52%

8.50%

-1.98%

Volatility (1Y)

Calculated over the trailing 1-year period

9.12%

10.71%

-1.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.78%

13.89%

-3.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.75%

16.49%

-2.74%

ABEQ vs. IWX - Expense Ratio Comparison

ABEQ has a 0.85% expense ratio, which is higher than IWX's 0.20% expense ratio.

Dividends

ABEQ vs. IWX - Dividend Comparison

ABEQ's dividend yield for the trailing twelve months is around 1.18%, less than IWX's 1.38% yield.

PositionTTM20252024202320222021202020192018201720162015
ABEQ
Absolute Select Value ETF		1.18%1.25%1.48%2.60%1.20%0.60%0.60%0.00%0.00%0.00%0.00%0.00%
IWX
iShares Russell Top 200 Value ETF		1.38%1.59%1.97%2.13%2.07%1.79%2.12%2.60%2.66%2.12%2.22%2.77%

Frequently Asked Questions

ABEQ and IWX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWX has higher volatility (2.94%) compared to ABEQ (2.78%). In terms of maximum drawdown, ABEQ dropped -27.82% vs IWX's -35.76%.

On 5-year performance, IWX leads with 12.91% vs 8.42% for ABEQ. On fees, IWX is cheaper at 0.20% per year. On volatility, ABEQ has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IWX has performed better with a 12.91% return vs 8.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWX is cheaper with a 0.20% expense ratio, compared with 0.85% for ABEQ.

IWX has the higher dividend yield at 1.38%, compared with 1.18% for ABEQ.

They also come from different issuers: Absolute Investment Advisers and iShares. Their fees differ too: 0.85% for ABEQ and 0.20% for IWX.

IWX currently has the higher Sharpe Ratio (3.40 vs 1.50), 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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