ADP vs. IWR
ADP (Automatic Data Processing, Inc.) is a stock, while IWR (iShares Russell Midcap ETF) is Mid Cap Growth Equities fund tracking the Russell Midcap Index. Over the past 10 years, ADP returned 12.50%/yr vs 11.41%/yr for IWR. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
ADP vs. IWR - Performance Comparison
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Returns By Period
In the year-to-date period, ADP achieves a -10.21% return, which is significantly lower than IWR's 10.71% return. Over the past 10 years, ADP has outperformed IWR with an annualized return of 12.50%, while IWR has yielded a comparatively lower 11.41% annualized return.
ADP
- 1D
- -1.24%
- 1M
- 7.55%
- YTD
- -10.21%
- 6M
- -10.14%
- 1Y
- -28.14%
- 3Y*
- 4.26%
- 5Y*
- 5.16%
- 10Y*
- 12.50%
IWR
- 1D
- 0.08%
- 1M
- 1.05%
- YTD
- 10.71%
- 6M
- 10.50%
- 1Y
- 19.23%
- 3Y*
- 16.25%
- 5Y*
- 7.68%
- 10Y*
- 11.41%
ADP vs. IWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADP Automatic Data Processing, Inc. | -10.21% | -10.18% | 28.41% | -0.25% | -1.29% | 42.60% | 5.86% | 32.71% | 14.25% | 16.54% |
IWR iShares Russell Midcap ETF | 10.71% | 10.37% | 15.21% | 17.05% | -17.48% | 22.44% | 16.93% | 30.23% | -9.10% | 18.25% |
Correlation
The correlation between ADP and IWR is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2001 | 0.62 |
Over the past year, the correlation between ADP and IWR has dropped to 0.25 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
ADP vs. IWR — Risk / Return Rank
ADP
IWR
ADP vs. IWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Automatic Data Processing, Inc. (ADP) and iShares Russell Midcap ETF (IWR). 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.
| ADP | IWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -3.74 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.25 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 2.37 | -3.09 |
| Martin ratioReturn relative to average drawdown | -1.33 | 9.09 | -10.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ADP | IWR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.16 | 1.43 | -2.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.42 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.59 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.49 | +0.05 |
Drawdowns
ADP vs. IWR - Drawdown Comparison
The maximum ADP drawdown since its inception was -59.51%, roughly equal to the maximum IWR drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for ADP and IWR.
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Drawdown Indicators
| ADP | IWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.51% | -58.78% | -0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -39.25% | -8.17% | -31.08% |
Max Drawdown (3Y)Largest decline over 3 years | -40.78% | -21.09% | -19.69% |
Max Drawdown (5Y)Largest decline over 5 years | -40.78% | -26.18% | -14.60% |
Max Drawdown (10Y)Largest decline over 10 years | -40.78% | -40.59% | -0.19% |
Current DrawdownCurrent decline from peak | -28.14% | -2.04% | -26.10% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -7.80% | -4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.88% | 2.12% | +20.76% |
Volatility
ADP vs. IWR - Volatility Comparison
Automatic Data Processing, Inc. (ADP) has a higher volatility of 9.30% compared to iShares Russell Midcap ETF (IWR) at 3.59%. This indicates that ADP's price experiences larger fluctuations and is considered to be riskier than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADP | IWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.30% | 3.59% | +5.71% |
Volatility (6M)Calculated over the trailing 6-month period | 20.42% | 10.06% | +10.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.35% | 13.54% | +10.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.05% | 18.25% | +3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 19.38% | +5.10% |
Dividends
ADP vs. IWR - Dividend Comparison
ADP's dividend yield for the trailing twelve months is around 2.83%, more than IWR's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADP Automatic Data Processing, Inc. | 2.83% | 2.46% | 1.96% | 2.21% | 1.83% | 1.55% | 2.08% | 1.92% | 2.14% | 2.00% | 2.10% | 2.36% |
IWR iShares Russell Midcap ETF | 1.17% | 1.29% | 1.27% | 1.43% | 1.59% | 1.04% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% |
Frequently Asked Questions
ADP and IWR have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADP has higher volatility (9.30%) compared to IWR (3.59%). In terms of maximum drawdown, ADP dropped -59.51% vs IWR's -58.78%.
IWR currently has the higher Sharpe Ratio (1.43 vs -1.16), 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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