BAC vs. IWS
BAC (Bank of America Corporation) is a stock, while IWS (iShares Russell Mid-Cap Value ETF) is Mid Cap Value Equities fund tracking the Russell Midcap Value Index. Over the past 10 years, BAC returned 18.19%/yr vs 10.51%/yr for IWS. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
BAC vs. IWS - Performance Comparison
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Returns By Period
In the year-to-date period, BAC achieves a 3.72% return, which is significantly lower than IWS's 16.45% return. Over the past 10 years, BAC has outperformed IWS with an annualized return of 18.19%, while IWS has yielded a comparatively lower 10.51% annualized return.
BAC
- 1D
- 2.31%
- 1M
- 13.98%
- YTD
- 3.72%
- 6M
- 3.46%
- 1Y
- 30.78%
- 3Y*
- 27.43%
- 5Y*
- 8.79%
- 10Y*
- 18.19%
IWS
- 1D
- 1.16%
- 1M
- 5.35%
- YTD
- 16.45%
- 6M
- 15.28%
- 1Y
- 29.26%
- 3Y*
- 16.65%
- 5Y*
- 8.67%
- 10Y*
- 10.51%
BAC vs. IWS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 3.72% | 28.04% | 33.85% | 4.83% | -23.82% | 49.61% | -11.63% | 46.19% | -15.00% | 35.69% |
IWS iShares Russell Mid-Cap Value ETF | 16.45% | 10.82% | 12.91% | 12.52% | -12.29% | 28.10% | 4.83% | 26.73% | -12.43% | 13.14% |
Correlation
The correlation between BAC and IWS is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2001 | 0.67 |
The correlation between BAC and IWS shifts across timeframes, from 0.54 (1 year) to 0.68 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
BAC vs. IWS — Risk / Return Rank
BAC
IWS
BAC vs. IWS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of America Corporation (BAC) 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.
| BAC | IWS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.36 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 3.68 | -2.04 |
| Martin ratioReturn relative to average drawdown | 4.21 | 13.82 | -9.61 |
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Drawdowns
BAC vs. IWS - Drawdown Comparison
The maximum BAC drawdown since its inception was -93.10%, which is greater than IWS's maximum drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for BAC and IWS.
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Drawdown Indicators
| BAC | IWS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.10% | -62.40% | -30.70% |
Max Drawdown (1Y)Largest decline over 1 year | -17.93% | -7.53% | -10.40% |
Max Drawdown (3Y)Largest decline over 3 years | -27.51% | -20.57% | -6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -46.64% | -21.23% | -25.41% |
Max Drawdown (10Y)Largest decline over 10 years | -48.95% | -43.83% | -5.12% |
Current DrawdownCurrent decline from peak | -0.36% | 0.00% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -28.30% | -8.01% | -20.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.96% | 2.00% | +4.96% |
Volatility
BAC vs. IWS - Volatility Comparison
Bank of America Corporation (BAC) has a higher volatility of 5.49% compared to iShares Russell Mid-Cap Value ETF (IWS) at 4.29%. This indicates that BAC'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
| BAC | IWS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 4.29% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 9.97% | +6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.62% | 13.53% | +8.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.89% | 17.36% | +9.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.68% | 19.37% | +11.31% |
Dividends
BAC vs. IWS - Dividend Comparison
BAC's dividend yield for the trailing twelve months is around 2.72%, more than IWS's 1.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 2.72% | 1.96% | 2.28% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% |
IWS iShares Russell Mid-Cap Value ETF | 1.32% | 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
BAC and IWS have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAC has higher volatility (5.49%) compared to IWS (4.29%). In terms of maximum drawdown, BAC dropped -93.10% vs IWS's -62.40%.
IWS currently has the higher Sharpe Ratio (2.05 vs 1.36), 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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