ACTV vs. IWC
Compare and contrast key facts about LeaderShares Activist Leaders ETF (ACTV) and iShares Microcap ETF (IWC).
ACTV and IWC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ACTV is an actively managed fund by Redwood Investment Management. It was launched on Oct 27, 2020. IWC is a passively managed fund by iShares that tracks the performance of the Russell Microcap Index. It was launched on Aug 12, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACTV or IWC.
Key characteristics
| ACTV | IWC | |
|---|---|---|
| YTD Return | -2.80% | 2.94% |
| 1Y Return | 4.25% | 13.83% |
| 3Y Return (Ann) | -2.90% | -6.33% |
| Sharpe Ratio | 0.20 | 0.54 |
| Daily Std Dev | 18.73% | 23.79% |
| Max Drawdown | -28.73% | -64.61% |
| Current Drawdown | -11.80% | -22.19% |
Correlation
The correlation between ACTV and IWC is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ACTV vs. IWC - Performance Comparison
In the year-to-date period, ACTV achieves a -2.80% return, which is significantly lower than IWC's 2.94% 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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ACTV vs. IWC - Expense Ratio Comparison
ACTV has a 0.75% expense ratio, which is higher than IWC's 0.60% expense ratio.
Risk-Adjusted Performance
ACTV vs. IWC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for LeaderShares Activist Leaders ETF (ACTV) and iShares Microcap ETF (IWC). 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
ACTV vs. IWC - Dividend Comparison
ACTV's dividend yield for the trailing twelve months is around 1.22%, more than IWC's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACTV LeaderShares Activist Leaders ETF | 1.22% | 1.18% | 0.28% | 7.63% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWC iShares Microcap ETF | 1.17% | 1.17% | 1.18% | 0.78% | 0.98% | 1.19% | 1.01% | 1.09% | 1.16% | 1.49% | 1.11% | 1.01% |
Drawdowns
ACTV vs. IWC - Drawdown Comparison
The maximum ACTV drawdown since its inception was -28.73%, smaller than the maximum IWC drawdown of -64.61%. Use the drawdown chart below to compare losses from any high point for ACTV and IWC. For additional features, visit the drawdowns tool.
Volatility
ACTV vs. IWC - Volatility Comparison
The current volatility for LeaderShares Activist Leaders ETF (ACTV) is 5.48%, while iShares Microcap ETF (IWC) has a volatility of 7.68%. This indicates that ACTV experiences smaller price fluctuations and is considered to be less risky than IWC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.