BATS.L vs. IWM
BATS.L (British American Tobacco plc) is a stock, while IWM (iShares Russell 2000 ETF) is Small Cap Blend Equities fund tracking the Russell 2000 Index. Over the past 10 years, BATS.L returned 7.31%/yr vs 11.52%/yr for IWM. At a 0.21 correlation, their price movements are largely independent.
Performance
BATS.L vs. IWM - Performance Comparison
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Different Trading Currencies
BATS.L is traded in GBp, while IWM is traded in USD. To make them comparable, the IWM values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, BATS.L achieves a 7.56% return, which is significantly lower than IWM's 16.75% return. Over the past 10 years, BATS.L has underperformed IWM with an annualized return of 7.31%, while IWM has yielded a comparatively higher 11.52% annualized return.
BATS.L
- 1D
- 1.48%
- 1M
- 4.73%
- YTD
- 7.56%
- 6M
- 6.51%
- 1Y
- 34.97%
- 3Y*
- 29.92%
- 5Y*
- 18.46%
- 10Y*
- 7.31%
IWM
- 1D
- 0.84%
- 1M
- 2.14%
- YTD
- 16.75%
- 6M
- 13.64%
- 1Y
- 37.38%
- 3Y*
- 14.36%
- 5Y*
- 6.67%
- 10Y*
- 11.52%
BATS.L vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BATS.L British American Tobacco plc | 7.56% | 56.35% | 37.24% | -23.51% | 28.17% | 9.10% | -9.61% | 38.29% | -47.15% | 13.39% |
IWM iShares Russell 2000 ETF | 16.75% | 4.63% | 13.33% | 10.99% | -11.03% | 15.62% | 16.51% | 20.62% | -5.85% | 4.67% |
Correlation
The correlation between BATS.L and IWM is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2007 | 0.21 |
The correlation between BATS.L and IWM shifts across timeframes, from 0.03 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BATS.L vs. IWM — Risk / Return Rank
BATS.L
IWM
BATS.L vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for British American Tobacco plc (BATS.L) 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.
| BATS.L | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 4.17 | -1.63 |
| Martin ratioReturn relative to average drawdown | 6.13 | 13.73 | -7.60 |
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
| BATS.L | IWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 2.06 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.32 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.51 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.43 | -0.03 |
Drawdowns
BATS.L vs. IWM - Drawdown Comparison
The maximum BATS.L drawdown since its inception was -54.44%, which is greater than IWM's maximum drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for BATS.L and IWM.
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Drawdown Indicators
| BATS.L | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.44% | -40.47% | -13.97% |
Max Drawdown (1Y)Largest decline over 1 year | -13.70% | -9.00% | -4.70% |
Max Drawdown (3Y)Largest decline over 3 years | -14.78% | -28.81% | +14.03% |
Max Drawdown (5Y)Largest decline over 5 years | -29.68% | -28.81% | -0.87% |
Max Drawdown (10Y)Largest decline over 10 years | -54.44% | -35.76% | -18.68% |
Current DrawdownCurrent decline from peak | -9.94% | -2.12% | -7.82% |
Average DrawdownAverage peak-to-trough decline | -15.17% | -8.62% | -6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 2.73% | +2.96% |
Volatility
BATS.L vs. IWM - Volatility Comparison
British American Tobacco plc (BATS.L) has a higher volatility of 10.04% compared to iShares Russell 2000 ETF (IWM) at 5.88%. This indicates that BATS.L's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BATS.L | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.04% | 5.88% | +4.16% |
Volatility (6M)Calculated over the trailing 6-month period | 18.26% | 12.77% | +5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.75% | 18.23% | +4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.57% | 21.06% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.92% | 22.53% | +1.39% |
Dividends
BATS.L vs. IWM - Dividend Comparison
BATS.L's dividend yield for the trailing twelve months is around 5.40%, more than IWM's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BATS.L British American Tobacco plc | 5.40% | 5.70% | 8.18% | 10.06% | 6.64% | 7.89% | 7.77% | 6.28% | 7.81% | 4.35% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 0.89% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
BATS.L and IWM have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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