BB vs. IWC
BB (BlackBerry Limited) is a stock, while IWC (iShares Micro-Cap ETF) is Small Cap Blend Equities fund tracking the Russell Microcap Index. Over the past 10 years, BB returned 3.44%/yr vs 11.35%/yr for IWC. At a 0.49 correlation, their price movements are largely independent.
Performance
BB vs. IWC - Performance Comparison
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Returns By Period
In the year-to-date period, BB achieves a 168.60% return, which is significantly higher than IWC's 18.97% return. Over the past 10 years, BB has underperformed IWC with an annualized return of 3.44%, while IWC has yielded a comparatively higher 11.35% annualized return.
BB
- 1D
- -1.36%
- 1M
- 82.44%
- YTD
- 168.60%
- 6M
- 143.54%
- 1Y
- 156.42%
- 3Y*
- 24.23%
- 5Y*
- -5.99%
- 10Y*
- 3.44%
IWC
- 1D
- -2.09%
- 1M
- 2.88%
- YTD
- 18.97%
- 6M
- 18.63%
- 1Y
- 55.24%
- 3Y*
- 21.73%
- 5Y*
- 5.45%
- 10Y*
- 11.35%
BB vs. IWC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BB BlackBerry Limited | 168.60% | 0.26% | 6.78% | 8.59% | -65.13% | 41.03% | 3.27% | -9.70% | -36.35% | 62.12% |
IWC iShares Micro-Cap ETF | 18.97% | 22.45% | 13.63% | 8.99% | -21.93% | 18.67% | 20.88% | 22.20% | -13.13% | 12.79% |
Correlation
The correlation between BB and IWC is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2005 | 0.49 |
The correlation between BB and IWC shifts across timeframes, from 0.42 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BB vs. IWC — Risk / Return Rank
BB
IWC
BB vs. IWC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackBerry Limited (BB) and iShares Micro-Cap 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.
| BB | IWC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.37 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 4.47 | -0.21 |
| Martin ratioReturn relative to average drawdown | 7.98 | 14.76 | -6.78 |
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
| BB | IWC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | 2.36 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.22 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | 0.47 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.31 | -0.22 |
Drawdowns
BB vs. IWC - Drawdown Comparison
The maximum BB drawdown since its inception was -98.57%, which is greater than IWC's maximum drawdown of -64.61%. Use the drawdown chart below to compare losses from any high point for BB and IWC.
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Drawdown Indicators
| BB | IWC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.57% | -64.61% | -33.96% |
Max Drawdown (1Y)Largest decline over 1 year | -37.00% | -12.43% | -24.57% |
Max Drawdown (3Y)Largest decline over 3 years | -62.32% | -29.46% | -32.86% |
Max Drawdown (5Y)Largest decline over 5 years | -86.65% | -40.68% | -45.97% |
Max Drawdown (10Y)Largest decline over 10 years | -91.59% | -47.21% | -44.38% |
Current DrawdownCurrent decline from peak | -93.10% | -2.90% | -90.20% |
Average DrawdownAverage peak-to-trough decline | -72.00% | -15.28% | -56.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.68% | 3.75% | +15.93% |
Volatility
BB vs. IWC - Volatility Comparison
BlackBerry Limited (BB) has a higher volatility of 21.14% compared to iShares Micro-Cap ETF (IWC) at 7.29%. This indicates that BB's price experiences larger fluctuations and is considered to be riskier than IWC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BB | IWC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.14% | 7.29% | +13.85% |
Volatility (6M)Calculated over the trailing 6-month period | 39.78% | 17.26% | +22.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.43% | 23.63% | +27.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.85% | 24.42% | +33.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.69% | 24.42% | +35.27% |
Dividends
BB vs. IWC - Dividend Comparison
BB has not paid dividends to shareholders, while IWC's dividend yield for the trailing twelve months is around 0.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BB BlackBerry Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWC iShares Micro-Cap ETF | 0.91% | 1.10% | 1.06% | 1.17% | 1.18% | 0.78% | 0.98% | 1.19% | 1.01% | 1.09% | 1.16% | 1.49% |
Frequently Asked Questions
BB and IWC have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BB has higher volatility (21.14%) compared to IWC (7.29%). In terms of maximum drawdown, BB dropped -98.57% vs IWC's -64.61%.
BB currently has the higher Sharpe Ratio (3.06 vs 2.36), 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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