AFMC vs. IWM
Compare and contrast key facts about First Trust Active Factor Mid Cap ETF (AFMC) and iShares Russell 2000 ETF (IWM).
AFMC and IWM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AFMC is an actively managed fund by First Trust. It was launched on Dec 3, 2019. 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: AFMC or IWM.
Key characteristics
| AFMC | IWM | |
|---|---|---|
| YTD Return | 18.53% | 10.24% |
| 1Y Return | 26.70% | 18.29% |
| 3Y Return (Ann) | 7.70% | 0.48% |
| Sharpe Ratio | 1.55 | 0.85 |
| Daily Std Dev | 17.31% | 21.16% |
| Max Drawdown | -42.14% | -59.05% |
| Current Drawdown | 0.00% | -5.80% |
Correlation
The correlation between AFMC and IWM is 0.91, 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
AFMC vs. IWM - Performance Comparison
In the year-to-date period, AFMC achieves a 18.53% return, which is significantly higher than IWM's 10.24% 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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AFMC vs. IWM - Expense Ratio Comparison
AFMC has a 0.65% expense ratio, which is higher than IWM's 0.19% expense ratio.
Risk-Adjusted Performance
AFMC vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Mid Cap ETF (AFMC) 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
AFMC vs. IWM - Dividend Comparison
AFMC's dividend yield for the trailing twelve months is around 0.74%, less than IWM's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFMC First Trust Active Factor Mid Cap ETF | 0.74% | 0.87% | 1.42% | 0.84% | 1.05% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 1.20% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
AFMC vs. IWM - Drawdown Comparison
The maximum AFMC drawdown since its inception was -42.14%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for AFMC and IWM. For additional features, visit the drawdowns tool.
Volatility
AFMC vs. IWM - Volatility Comparison
The current volatility for First Trust Active Factor Mid Cap ETF (AFMC) is 6.38%, while iShares Russell 2000 ETF (IWM) has a volatility of 7.91%. This indicates that AFMC 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.