CPOAX vs. IWM
CPOAX (Morgan Stanley Insight A) and IWM (iShares Russell 2000 ETF) are both funds - CPOAX is a Large Cap Growth Equities fund tracking the Russell 3000 Growth Index, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past 10 years, CPOAX returned 15.28%/yr vs 10.70%/yr for IWM. Their 0.76 correlation means they have sometimes moved together and sometimes differently. CPOAX charges 1.15%/yr vs 0.19%/yr for IWM.
Performance
CPOAX vs. IWM - Performance Comparison
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Returns By Period
In the year-to-date period, CPOAX achieves a -5.56% return, which is significantly lower than IWM's 18.79% return. Over the past 10 years, CPOAX has outperformed IWM with an annualized return of 15.28%, while IWM has yielded a comparatively lower 10.70% annualized return.
CPOAX
- 1D
- 2.33%
- 1M
- -6.85%
- 6M
- 2.23%
- YTD
- -5.56%
- 1Y
- -1.57%
- 3Y*
- 19.60%
- 5Y*
- -3.57%
- 10Y*
- 15.28%
- ALL TIME*
- 10.54%
IWM
- 1D
- -0.48%
- 1M
- -2.14%
- 6M
- 12.62%
- YTD
- 18.79%
- 1Y
- 36.90%
- 3Y*
- 15.11%
- 5Y*
- 6.99%
- 10Y*
- 10.70%
- ALL TIME*
- 8.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $6.67B | $6.32B | $7.45B |
CPOAX vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPOAX Morgan Stanley Insight A | -5.56% | 18.91% | 46.35% | 52.72% | -61.02% | -6.83% | 115.86% | 33.08% | 11.94% | 48.40% |
IWM iShares Russell 2000 ETF | 18.79% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
Correlation
The correlation between CPOAX and IWM is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 26, 2000 | 0.76 |
The correlation between CPOAX and IWM has been stable across timeframes, ranging from 0.66 to 0.76 - a consistent structural relationship.
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Return for Risk
CPOAX vs. IWM — Risk / Return Rank
CPOAX
IWM
CPOAX vs. IWM - Risk-Adjusted Trends 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.
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.
| CPOAX | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.30 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 3.11 | -3.24 |
| Martin ratioReturn relative to average drawdown | -0.26 | 11.02 | -11.28 |
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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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Drawdown Indicators
| CPOAX | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.57% | -59.05% | -25.52% |
Max Drawdown (1Y)Largest decline over 1 year | -28.37% | -11.03% | -17.34% |
Max Drawdown (3Y)Largest decline over 3 years | -31.38% | -27.50% | -3.88% |
Max Drawdown (5Y)Largest decline over 5 years | -70.73% | -31.91% | -38.82% |
Max Drawdown (10Y)Largest decline over 10 years | -71.33% | -41.13% | -30.20% |
Current DrawdownCurrent decline from peak | -25.13% | -3.08% | -22.05% |
Average DrawdownAverage peak-to-trough decline | -39.12% | -10.71% | -28.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.43% | 3.11% | +11.32% |
Volatility
CPOAX vs. IWM - Volatility Comparison
Morgan Stanley Insight A (CPOAX) has a higher volatility of 8.00% compared to iShares Russell 2000 ETF (IWM) at 3.82%. 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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Volatility by Period
| CPOAX | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.00% | 3.82% | +4.18% |
Volatility (6M)Calculated over the trailing 6-month period | 23.61% | 14.12% | +9.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.51% | 19.41% | +11.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.99% | 22.48% | +17.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.26% | 23.01% | +11.25% |
CPOAX vs. IWM - Expense Ratio Comparison
CPOAX has a 1.15% expense ratio, which is higher than IWM's 0.19% expense ratio.
Dividends
CPOAX vs. IWM - Dividend Comparison
CPOAX has not paid dividends to shareholders, while IWM'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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPOAX Morgan Stanley Insight A | 0.00% | 0.00% | 0.61% | 0.00% | 51.84% | 14.94% | 9.06% | 7.29% | 9.33% | 28.73% | 9.83% | 8.92% |
IWM iShares Russell 2000 ETF | 0.91% | 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
CPOAX and IWM have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPOAX has higher volatility (8.00%) compared to IWM (3.82%). In terms of maximum drawdown, CPOAX dropped -84.57% vs IWM's -59.05%.
IWM currently has the higher Sharpe Ratio (1.77 vs -0.13), 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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