AFMCX vs. IWC
Compare and contrast key facts about Acuitas US Microcap Fund (AFMCX) and iShares Microcap ETF (IWC).
AFMCX is managed by Acuitas Investments. It was launched on Jul 18, 2014. 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: AFMCX or IWC.
Key characteristics
| AFMCX | IWC | |
|---|---|---|
| YTD Return | -1.12% | -1.94% |
| 1Y Return | 17.75% | 15.38% |
| 3Y Return (Ann) | -1.77% | -7.22% |
| 5Y Return (Ann) | 7.71% | 4.55% |
| Sharpe Ratio | 0.77 | 0.59 |
| Daily Std Dev | 20.33% | 21.76% |
| Max Drawdown | -51.84% | -64.61% |
| Current Drawdown | -12.75% | -25.88% |
Correlation
The correlation between AFMCX and IWC is 0.95, 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
AFMCX vs. IWC - Performance Comparison
In the year-to-date period, AFMCX achieves a -1.12% return, which is significantly higher than IWC's -1.94% 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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AFMCX vs. IWC - Expense Ratio Comparison
AFMCX has a 1.50% expense ratio, which is higher than IWC's 0.60% expense ratio.
Risk-Adjusted Performance
AFMCX vs. IWC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Acuitas US Microcap Fund (AFMCX) 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
AFMCX vs. IWC - Dividend Comparison
AFMCX has not paid dividends to shareholders, while IWC's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFMCX Acuitas US Microcap Fund | 0.00% | 0.00% | 6.40% | 8.34% | 0.00% | 0.10% | 28.38% | 3.58% | 0.92% | 6.58% | 0.00% | 0.00% |
IWC iShares Microcap ETF | 1.18% | 1.17% | 1.18% | 0.78% | 0.98% | 1.19% | 1.01% | 1.09% | 1.16% | 1.49% | 1.11% | 1.01% |
Drawdowns
AFMCX vs. IWC - Drawdown Comparison
The maximum AFMCX drawdown since its inception was -51.84%, smaller than the maximum IWC drawdown of -64.61%. Use the drawdown chart below to compare losses from any high point for AFMCX and IWC. For additional features, visit the drawdowns tool.
Volatility
AFMCX vs. IWC - Volatility Comparison
The current volatility for Acuitas US Microcap Fund (AFMCX) is 5.60%, while iShares Microcap ETF (IWC) has a volatility of 5.95%. This indicates that AFMCX 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.