Correlation
The correlation between CPOAX and IWM is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
CPOAX vs. IWM
Compare and contrast key facts about Morgan Stanley Insight A (CPOAX) and iShares Russell 2000 ETF (IWM).
CPOAX is a passively managed fund by Morgan Stanley that tracks the performance of the Russell 3000 Growth Index. It was launched on Jan 29, 2002. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000. Both CPOAX and IWM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CPOAX or IWM.
Performance
CPOAX vs. IWM - Performance Comparison
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Key characteristics
CPOAX:
1.84
IWM:
0.09
CPOAX:
2.36
IWM:
0.28
CPOAX:
1.31
IWM:
1.03
CPOAX:
1.06
IWM:
0.06
CPOAX:
5.82
IWM:
0.17
CPOAX:
10.53%
IWM:
9.79%
CPOAX:
35.01%
IWM:
24.50%
CPOAX:
-84.57%
IWM:
-59.05%
CPOAX:
-27.77%
IWM:
-13.87%
Returns By Period
In the year-to-date period, CPOAX achieves a 8.33% return, which is significantly higher than IWM's -5.79% return. Over the past 10 years, CPOAX has outperformed IWM with an annualized return of 15.18%, while IWM has yielded a comparatively lower 6.70% annualized return.
CPOAX
8.33%
12.83%
5.18%
63.89%
24.96%
7.41%
15.18%
IWM
-5.79%
7.00%
-13.23%
2.26%
4.87%
9.62%
6.70%
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CPOAX vs. IWM - Expense Ratio Comparison
CPOAX has a 1.15% expense ratio, which is higher than IWM's 0.19% expense ratio.
Risk-Adjusted Performance
CPOAX vs. IWM — Risk-Adjusted Performance Rank
CPOAX
IWM
CPOAX vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Insight A (CPOAX) 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.
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Dividends
CPOAX vs. IWM - Dividend Comparison
CPOAX's dividend yield for the trailing twelve months is around 0.56%, less than IWM's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPOAX Morgan Stanley Insight A | 0.56% | 0.61% | 0.00% | 51.84% | 14.94% | 9.06% | 7.29% | 9.33% | 28.73% | 9.83% | 8.92% | 7.54% |
IWM iShares Russell 2000 ETF | 1.19% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% |
Drawdowns
CPOAX vs. IWM - Drawdown Comparison
The maximum CPOAX drawdown since its inception was -84.57%, which is greater than IWM's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for CPOAX and IWM.
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Volatility
CPOAX vs. IWM - Volatility Comparison
Morgan Stanley Insight A (CPOAX) has a higher volatility of 8.45% compared to iShares Russell 2000 ETF (IWM) at 6.33%. This indicates that CPOAX'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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