AWMIX vs. IWS
AWMIX (CIBC Atlas Mid Cap Equity Fund) and IWS (iShares Russell Mid-Cap Value ETF) are both funds - AWMIX is a Mid Cap Growth Equities fund managed by CIBC Private Wealth Management, while IWS is a Mid Cap Value Equities fund tracking the Russell Midcap Value Index. Over the past 10 years, AWMIX returned 9.20%/yr vs 10.56%/yr for IWS. Their correlation of 0.85 suggests significant overlap in exposure. AWMIX charges 0.83%/yr vs 0.23%/yr for IWS.
Performance
AWMIX vs. IWS - Performance Comparison
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Returns By Period
In the year-to-date period, AWMIX achieves a 9.87% return, which is significantly lower than IWS's 15.78% return. Over the past 10 years, AWMIX has underperformed IWS with an annualized return of 9.20%, while IWS has yielded a comparatively higher 10.56% annualized return.
AWMIX
- 1D
- 0.15%
- 1M
- 4.12%
- YTD
- 9.87%
- 6M
- 8.24%
- 1Y
- 9.41%
- 3Y*
- 8.73%
- 5Y*
- 3.34%
- 10Y*
- 9.20%
IWS
- 1D
- -1.08%
- 1M
- 2.64%
- YTD
- 15.78%
- 6M
- 14.47%
- 1Y
- 26.77%
- 3Y*
- 17.23%
- 5Y*
- 8.94%
- 10Y*
- 10.56%
AWMIX vs. IWS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AWMIX CIBC Atlas Mid Cap Equity Fund | 9.87% | 2.14% | 4.16% | 19.63% | -23.66% | 19.86% | 18.38% | 34.57% | -6.76% | 20.87% |
IWS iShares Russell Mid-Cap Value ETF | 15.78% | 10.82% | 12.91% | 12.52% | -12.29% | 28.10% | 4.83% | 26.73% | -12.43% | 13.14% |
Correlation
The correlation between AWMIX and IWS is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2014 | 0.85 |
The correlation between AWMIX and IWS has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.
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Return for Risk
AWMIX vs. IWS — Risk / Return Rank
AWMIX
IWS
AWMIX vs. IWS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CIBC Atlas Mid Cap Equity Fund (AWMIX) and iShares Russell Mid-Cap Value ETF (IWS). 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.
| AWMIX | IWS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.34 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 3.57 | -2.57 |
| Martin ratioReturn relative to average drawdown | 3.28 | 13.39 | -10.11 |
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Drawdowns
AWMIX vs. IWS - Drawdown Comparison
The maximum AWMIX drawdown since its inception was -37.53%, smaller than the maximum IWS drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for AWMIX and IWS.
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Drawdown Indicators
| AWMIX | IWS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.53% | -62.40% | +24.87% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -7.53% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -28.10% | -20.57% | -7.53% |
Max Drawdown (5Y)Largest decline over 5 years | -29.81% | -21.23% | -8.58% |
Max Drawdown (10Y)Largest decline over 10 years | -37.53% | -43.83% | +6.30% |
Current DrawdownCurrent decline from peak | -2.98% | -1.24% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -7.32% | -8.00% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 2.00% | +1.18% |
Volatility
AWMIX vs. IWS - Volatility Comparison
CIBC Atlas Mid Cap Equity Fund (AWMIX) has a higher volatility of 5.57% compared to iShares Russell Mid-Cap Value ETF (IWS) at 4.37%. This indicates that AWMIX's price experiences larger fluctuations and is considered to be riskier than IWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AWMIX | IWS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.57% | 4.37% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 10.12% | +2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 13.57% | +1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.01% | 17.33% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.28% | 19.35% | +0.93% |
AWMIX vs. IWS - Expense Ratio Comparison
AWMIX has a 0.83% expense ratio, which is higher than IWS's 0.23% expense ratio.
Dividends
AWMIX vs. IWS - Dividend Comparison
AWMIX's dividend yield for the trailing twelve months is around 10.24%, more than IWS's 1.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWMIX CIBC Atlas Mid Cap Equity Fund | 10.24% | 11.25% | 0.00% | 4.34% | 1.57% | 10.46% | 2.48% | 0.00% | 0.00% | 0.00% | 1.34% | 0.09% |
IWS iShares Russell Mid-Cap Value ETF | 1.34% | 1.53% | 1.50% | 1.76% | 1.93% | 1.39% | 1.87% | 1.97% | 2.53% | 1.96% | 2.10% | 2.14% |
Frequently Asked Questions
AWMIX and IWS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AWMIX has higher volatility (5.57%) compared to IWS (4.37%). In terms of maximum drawdown, AWMIX dropped -37.53% vs IWS's -62.40%.
IWS currently has the higher Sharpe Ratio (1.98 vs 0.67), 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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