ESIX vs. IWM
Compare and contrast key facts about SPDR S&P SmallCap 600 ESG ETF (ESIX) and iShares Russell 2000 ETF (IWM).
ESIX and IWM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ESIX is a passively managed fund by SPDR that tracks the performance of the S&P SmallCap 600 ESG Index. It was launched on Jan 10, 2022. 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 ESIX 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: ESIX or IWM.
Correlation
The correlation between ESIX and IWM is 0.97, 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.
Performance
ESIX vs. IWM - Performance Comparison
Key characteristics
ESIX:
0.53
IWM:
0.62
ESIX:
0.90
IWM:
1.01
ESIX:
1.11
IWM:
1.12
ESIX:
0.99
IWM:
0.72
ESIX:
2.46
IWM:
2.86
ESIX:
4.13%
IWM:
4.45%
ESIX:
18.77%
IWM:
20.00%
ESIX:
-21.76%
IWM:
-59.05%
ESIX:
-7.39%
IWM:
-6.43%
Returns By Period
In the year-to-date period, ESIX achieves a 0.85% return, which is significantly lower than IWM's 2.34% return.
ESIX
0.85%
1.04%
5.02%
12.18%
N/A
N/A
IWM
2.34%
2.92%
7.33%
14.90%
7.54%
7.85%
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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%.
Risk-Adjusted Performance
ESIX vs. IWM — Risk-Adjusted Performance Rank
ESIX
IWM
ESIX vs. IWM - Risk-Adjusted Performance 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.
Dividends
ESIX vs. IWM - Dividend Comparison
ESIX's dividend yield for the trailing twelve months is around 1.63%, more than IWM's 1.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESIX SPDR S&P SmallCap 600 ESG ETF | 1.63% | 1.65% | 1.69% | 1.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 1.12% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% |
Drawdowns
ESIX vs. IWM - Drawdown Comparison
The maximum ESIX drawdown since its inception was -21.76%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for ESIX and IWM. For additional features, visit the drawdowns tool.
Volatility
ESIX vs. IWM - Volatility Comparison
The current volatility for SPDR S&P SmallCap 600 ESG ETF (ESIX) is 4.26%, while iShares Russell 2000 ETF (IWM) has a volatility of 4.51%. This indicates that ESIX experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.