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ESIX vs. IWM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ESIX vs. IWM

Last updated Jun 24, 2026

ESIX (SPDR S&P SmallCap 600 ESG ETF) and IWM (iShares Russell 2000 ETF) are both Small Cap Blend Equities funds - ESIX tracks the S&P SmallCap 600 ESG Index while IWM tracks the Russell 2000 Index. Both are passively managed. Their correlation of 0.94 suggests significant overlap in exposure. ESIX charges 0.12%/yr vs 0.19%/yr for IWM.

Performance

ESIX vs. IWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P SmallCap 600 ESG ETF (ESIX) and iShares Russell 2000 ETF (IWM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

ESIX

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

IWM

1D
-0.96%
1M
3.82%
YTD
20.47%
6M
17.64%
1Y
40.90%
3Y*
19.22%
5Y*
6.27%
10Y*
11.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ESIX vs. IWM - Yearly Performance Comparison

2026 (YTD)2025202420232022
ESIX
SPDR S&P SmallCap 600 ESG ETF		10.83%1.83%9.66%17.51%-13.44%
IWM
iShares Russell 2000 ETF		20.47%12.66%11.38%16.83%-17.85%

Correlation

The correlation between ESIX and IWM is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.83

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

0.92

Correlation (All Time)
Calculated using the full available price history since Jan 11, 2022

0.94

The correlation between ESIX and IWM shifts across timeframes, from 0.83 (1 year) to 0.94 (all time), reflecting how their relationship changes across market environments.

ESIX vs. IWM - Sectors Allocation Comparison

Sectors
ESIX
IWM

Industrials

17.2%
17.3%

Financial Services

17.0%
15.5%

Technology

16.6%
20.1%

Consumer Cyclical

12.4%
8.0%

Healthcare

10.8%
15.6%

Real Estate

6.9%
5.5%

Energy

6.7%
6.0%

Basic Materials

4.4%
4.5%

Consumer Defensive

3.0%
2.0%

Communication Services

2.9%
1.7%

Utilities

2.0%
3.1%

Industrials

ESIX
17.2%
IWM
17.3%

Financial Services

ESIX
17.0%
IWM
15.5%

Technology

ESIX
16.6%
IWM
20.1%

Consumer Cyclical

ESIX
12.4%
IWM
8.0%

Healthcare

ESIX
10.8%
IWM
15.6%

Real Estate

ESIX
6.9%
IWM
5.5%

Energy

ESIX
6.7%
IWM
6.0%

Basic Materials

ESIX
4.4%
IWM
4.5%

Consumer Defensive

ESIX
3.0%
IWM
2.0%

Communication Services

ESIX
2.9%
IWM
1.7%

Utilities

ESIX
2.0%
IWM
3.1%

Compare stocks, funds, or ETFs

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

SPDR S&P SmallCap 600 ESG ETF

iShares Russell 2000 ETF

Often compared with ESIX:
ESIX vs. XJRESIX vs. VBRESIX vs. FYXESIX vs. FDMESIX vs. VAMOESIX vs. FNDCESIX vs. DGRS
Often compared with IWM:
IWM vs. SPYIWM vs. VTWOIWM vs. IJRIWM vs. AVUVIWM vs. IWNIWM vs. VOOIWM vs. TNA

Return for Risk

ESIX vs. IWM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ESIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IWM
IWM Risk / Return Rank: 6767
Overall Rank
IWM Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IWM Sortino Ratio Rank: 6464
Sortino Ratio Rank
IWM Omega Ratio Rank: 5757
Omega Ratio Rank
IWM Calmar Ratio Rank: 7575
Calmar Ratio Rank
IWM Martin Ratio Rank: 7373
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.

ESIX vs. IWM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P SmallCap 600 ESG ETF (ESIX) 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.

ESIXIWMDifference
Sharpe ratioReturn per unit of total volatility

—

2.08

—

Sortino ratioReturn per unit of downside risk

—

2.86

—

Omega ratioGain probability vs. loss probability

—

1.34

—

Calmar ratioReturn relative to maximum drawdown

—

3.73

—

Martin ratioReturn relative to average drawdown

—

13.18

—

ESIX vs. IWM - Sharpe Ratio Comparison

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Drawdowns

ESIX vs. IWM - Drawdown Comparison

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Drawdown Indicators

ESIXIWMDifference

Max Drawdown

Largest peak-to-trough decline

—

-59.05%

—

Max Drawdown (1Y)

Largest decline over 1 year

—

-11.03%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-27.50%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-31.91%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.13%

—

Current Drawdown

Current decline from peak

—

-0.96%

—

Average Drawdown

Average peak-to-trough decline

—

-10.75%

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

3.11%

—

Volatility

ESIX vs. IWM - Volatility Comparison

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Volatility by Period

ESIXIWMDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

6.56%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

14.31%

—

Volatility (1Y)

Calculated over the trailing 1-year period

—

19.74%

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

—

22.61%

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

—

23.06%

—

ESIX vs. IWM - Expense Ratio Comparison

ESIX has a 0.12% expense ratio, which is lower than IWM's 0.19% 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

ESIX vs. IWM - Dividend Comparison

ESIX's dividend yield for the trailing twelve months is around 1.05%, more than IWM's 0.90% yield.

PositionTTM20252024202320222021202020192018201720162015
ESIX
SPDR S&P SmallCap 600 ESG ETF		1.05%1.64%1.65%1.69%1.54%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IWM
iShares Russell 2000 ETF		0.90%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

ESIX and IWM have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ESIX is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ESIX is cheaper with a 0.12% expense ratio, compared with 0.19% for IWM.

ESIX has the higher dividend yield at 1.05%, compared with 0.90% for IWM.

ESIX tracks S&P SmallCap 600 ESG Index, while IWM tracks Russell 2000 Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for ESIX and 0.19% for IWM.

Portfolio Optimizer

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