BCSIX vs. IWM
BCSIX (Brown Capital Management Small Company Fund) and IWM (iShares Russell 2000 ETF) are both funds - BCSIX is a Small Cap Growth Equities fund managed by BlackRock, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Over the past 10 years, BCSIX returned 5.58%/yr vs 12.10%/yr for IWM. Their correlation of 0.86 suggests significant overlap in exposure. BCSIX charges 1.25%/yr vs 0.19%/yr for IWM.
Performance
BCSIX vs. IWM - Performance Comparison
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Returns By Period
In the year-to-date period, BCSIX achieves a -4.60% return, which is significantly lower than IWM's 21.93% return. Over the past 10 years, BCSIX has underperformed IWM with an annualized return of 5.58%, while IWM has yielded a comparatively higher 12.10% annualized return.
BCSIX
- 1D
- 2.07%
- 1M
- 4.22%
- YTD
- -4.60%
- 6M
- -7.29%
- 1Y
- -6.70%
- 3Y*
- -1.11%
- 5Y*
- -8.03%
- 10Y*
- 5.58%
IWM
- 1D
- 0.75%
- 1M
- 3.14%
- YTD
- 21.93%
- 6M
- 18.77%
- 1Y
- 42.48%
- 3Y*
- 19.66%
- 5Y*
- 6.49%
- 10Y*
- 12.10%
BCSIX vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCSIX Brown Capital Management Small Company Fund | -4.60% | -12.48% | 9.86% | 19.16% | -37.85% | -4.26% | 45.23% | 29.22% | -0.57% | 28.90% |
IWM iShares Russell 2000 ETF | 21.93% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
Correlation
The correlation between BCSIX and IWM is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since May 26, 2000 | 0.86 |
Over the past year, the correlation between BCSIX and IWM has dropped to 0.60 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
BCSIX vs. IWM — Risk / Return Rank
BCSIX
IWM
BCSIX vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Capital Management Small Company Fund (BCSIX) 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.
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.
| BCSIX | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.33 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.36 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 3.87 | -4.17 |
| Martin ratioReturn relative to average drawdown | -0.67 | 13.69 | -14.37 |
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Drawdowns
BCSIX vs. IWM - Drawdown Comparison
The maximum BCSIX drawdown since its inception was -57.17%, roughly equal to the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for BCSIX and IWM.
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Drawdown Indicators
| BCSIX | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.17% | -59.05% | +1.88% |
Max Drawdown (1Y)Largest decline over 1 year | -26.97% | -11.03% | -15.94% |
Max Drawdown (3Y)Largest decline over 3 years | -57.17% | -27.50% | -29.67% |
Max Drawdown (5Y)Largest decline over 5 years | -57.17% | -31.91% | -25.26% |
Max Drawdown (10Y)Largest decline over 10 years | -57.17% | -41.13% | -16.04% |
Current DrawdownCurrent decline from peak | -47.31% | 0.00% | -47.31% |
Average DrawdownAverage peak-to-trough decline | -13.61% | -10.74% | -2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.79% | 3.11% | +8.68% |
Volatility
BCSIX vs. IWM - Volatility Comparison
Brown Capital Management Small Company Fund (BCSIX) and iShares Russell 2000 ETF (IWM) have volatilities of 6.27% and 6.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCSIX | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 6.31% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 17.76% | 14.28% | +3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.61% | 19.69% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.15% | 22.60% | +16.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.36% | 23.06% | +9.30% |
BCSIX vs. IWM - Expense Ratio Comparison
BCSIX has a 1.25% expense ratio, which is higher than IWM's 0.19% expense ratio.
Dividends
BCSIX vs. IWM - Dividend Comparison
BCSIX's dividend yield for the trailing twelve months is around 113.76%, more than IWM's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCSIX Brown Capital Management Small Company Fund | 113.76% | 108.53% | 52.70% | 9.36% | 12.04% | 9.32% | 7.46% | 8.62% | 6.85% | 5.94% | 5.54% | 9.15% |
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
BCSIX and IWM have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWM has higher volatility (6.31%) compared to BCSIX (6.27%). In terms of maximum drawdown, BCSIX dropped -57.17% vs IWM's -59.05%.
IWM currently has the higher Sharpe Ratio (2.17 vs -0.36), 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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