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EPS vs. IWL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EPS vs. IWL

Last updated Jun 23, 2026

EPS (WisdomTree U.S. LargeCap Fund) and IWL (iShares Russell Top 200 ETF) are both Large Cap Growth Equities funds - EPS tracks the WisdomTree U.S. Large Cap Index while IWL tracks the Russell Top 200 Index. Both are passively managed. Over the past 10 years, EPS returned 15.10%/yr vs 16.54%/yr for IWL. Their correlation of 0.90 suggests significant overlap in exposure. EPS charges 0.08%/yr vs 0.15%/yr for IWL.

Performance

EPS vs. IWL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. LargeCap Fund (EPS) and iShares Russell Top 200 ETF (IWL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EPS achieves a 10.30% return, which is significantly higher than IWL's 8.32% return. Over the past 10 years, EPS has underperformed IWL with an annualized return of 15.10%, while IWL has yielded a comparatively higher 16.54% annualized return.

EPS

1D
-0.29%
1M
0.07%
YTD
10.30%
6M
9.95%
1Y
27.45%
3Y*
21.17%
5Y*
13.10%
10Y*
15.10%

IWL

1D
-0.52%
1M
-0.52%
YTD
8.32%
6M
8.01%
1Y
26.49%
3Y*
22.10%
5Y*
14.05%
10Y*
16.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EPS vs. IWL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EPS
WisdomTree U.S. LargeCap Fund		10.30%17.40%23.97%22.81%-15.82%27.47%12.02%32.54%-7.52%22.73%
IWL
iShares Russell Top 200 ETF		8.32%19.09%27.12%29.77%-19.89%27.79%22.10%31.42%-3.30%22.90%

Correlation

The correlation between EPS and IWL is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.96

Correlation (3Y)
Calculated over the trailing 3-year period

0.96

Correlation (5Y)
Calculated over the trailing 5-year period

0.97

Correlation (10Y)
Calculated over the trailing 10-year period

0.95

Correlation (All Time)
Calculated using the full available price history since Sep 28, 2009

0.90

The correlation between EPS and IWL has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.

EPS vs. IWL - Sectors Allocation Comparison

Sectors
EPS
IWL

Technology

36.2%
41.8%

Financial Services

14.4%
11.1%

Communication Services

12.8%
12.1%

Consumer Cyclical

10.6%
9.7%

Healthcare

9.2%
8.5%

Industrials

5.1%
6.3%

Consumer Defensive

3.9%
4.5%

Energy

3.9%
2.4%

Utilities

1.9%
1.2%

Basic Materials

1.3%
1.4%

Real Estate

0.8%
0.9%

Technology

EPS
36.2%
IWL
41.8%

Financial Services

EPS
14.4%
IWL
11.1%

Communication Services

EPS
12.8%
IWL
12.1%

Consumer Cyclical

EPS
10.6%
IWL
9.7%

Healthcare

EPS
9.2%
IWL
8.5%

Industrials

EPS
5.1%
IWL
6.3%

Consumer Defensive

EPS
3.9%
IWL
4.5%

Energy

EPS
3.9%
IWL
2.4%

Utilities

EPS
1.9%
IWL
1.2%

Basic Materials

EPS
1.3%
IWL
1.4%

Real Estate

EPS
0.8%
IWL
0.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree U.S. LargeCap Fund

iShares Russell Top 200 ETF

Often compared with EPS:
EPS vs. VOOEPS vs. IUSEPS vs. VTIEPS vs. DTHEPS vs. BRK-BEPS vs. ^GSPCEPS vs. SWPPX
Often compared with IWL:
IWL vs. IWYIWL vs. VOOIWL vs. SPYIWL vs. IVVIWL vs. QQQMIWL vs. QQQIWL vs. QUAL

Return for Risk

EPS vs. IWL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EPS
EPS Risk / Return Rank: 7474
Overall Rank
EPS Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
EPS Sortino Ratio Rank: 7272
Sortino Ratio Rank
EPS Omega Ratio Rank: 7474
Omega Ratio Rank
EPS Calmar Ratio Rank: 6868
Calmar Ratio Rank
EPS Martin Ratio Rank: 7979
Martin Ratio Rank
IWL
IWL Risk / Return Rank: 6363
Overall Rank
IWL Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
IWL Sortino Ratio Rank: 6262
Sortino Ratio Rank
IWL Omega Ratio Rank: 6464
Omega Ratio Rank
IWL Calmar Ratio Rank: 5656
Calmar Ratio Rank
IWL Martin Ratio Rank: 6565
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EPS vs. IWL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. LargeCap Fund (EPS) and iShares Russell Top 200 ETF (IWL). 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.

EPSIWLDifference
Sharpe ratioReturn per unit of total volatility
2.32
2.08

+0.24

Sortino ratioReturn per unit of downside risk
3.12
2.80

+0.32

Omega ratioGain probability vs. loss probability

1.42

1.37

+0.05

Calmar ratioReturn relative to maximum drawdown

3.29

2.71

+0.58

Martin ratioReturn relative to average drawdown

14.82

11.62

+3.20

EPS vs. IWL - Sharpe Ratio Comparison

The current EPS Sharpe Ratio is 2.32, which is comparable to the IWL Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of EPS and IWL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EPS vs. IWL - Drawdown Comparison

The maximum EPS drawdown since its inception was -54.43%, which is greater than IWL's maximum drawdown of -32.71%. Use the drawdown chart below to compare losses from any high point for EPS and IWL.

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Drawdown Indicators

EPSIWLDifference

Max Drawdown

Largest peak-to-trough decline

-54.43%

-32.71%

-21.72%

Max Drawdown (1Y)

Largest decline over 1 year

-8.39%

-9.83%

+1.44%

Max Drawdown (3Y)

Largest decline over 3 years

-17.65%

-19.15%

+1.50%

Max Drawdown (5Y)

Largest decline over 5 years

-23.55%

-25.65%

+2.10%

Max Drawdown (10Y)

Largest decline over 10 years

-35.79%

-32.71%

-3.08%

Current Drawdown

Current decline from peak

-1.80%

-2.36%

+0.56%

Average Drawdown

Average peak-to-trough decline

-7.64%

-3.88%

-3.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.86%

2.28%

-0.42%

Volatility

EPS vs. IWL - Volatility Comparison

The current volatility for WisdomTree U.S. LargeCap Fund (EPS) is 4.53%, while iShares Russell Top 200 ETF (IWL) has a volatility of 4.82%. This indicates that EPS experiences smaller price fluctuations and is considered to be less risky than IWL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EPSIWLDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.53%

4.82%

-0.29%

Volatility (6M)

Calculated over the trailing 6-month period

9.58%

10.04%

-0.46%

Volatility (1Y)

Calculated over the trailing 1-year period

11.92%

12.83%

-0.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.10%

17.27%

-1.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.70%

18.14%

-0.44%

EPS vs. IWL - Expense Ratio Comparison

EPS has a 0.08% expense ratio, which is lower than IWL's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EPS vs. IWL - Dividend Comparison

EPS's dividend yield for the trailing twelve months is around 1.15%, more than IWL's 0.85% yield.

PositionTTM20252024202320222021202020192018201720162015
EPS
WisdomTree U.S. LargeCap Fund		1.15%1.26%1.47%1.73%1.95%1.51%1.85%1.70%2.02%1.59%1.99%2.15%
IWL
iShares Russell Top 200 ETF		0.85%0.90%1.04%1.30%1.54%1.12%1.30%1.96%1.93%1.69%1.96%2.14%

Frequently Asked Questions

With a correlation of 0.96, EPS and IWL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

IWL has higher volatility (4.82%) compared to EPS (4.53%). In terms of maximum drawdown, EPS dropped -54.43% vs IWL's -32.71%.

On 10-year performance, IWL leads with 16.54% vs 15.10% for EPS. On fees, EPS is cheaper at 0.08% per year. On volatility, EPS has been the lower-risk option at 4.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IWL has performed better with a 16.54% return vs 15.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EPS is cheaper with a 0.08% expense ratio, compared with 0.15% for IWL.

EPS has the higher dividend yield at 1.15%, compared with 0.85% for IWL.

EPS tracks WisdomTree U.S. Large Cap Index, while IWL tracks Russell Top 200 Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.08% for EPS and 0.15% for IWL.

EPS currently has the higher Sharpe Ratio (2.32 vs 2.08), 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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