EUIG vs. IWM

Last updated Jun 4, 2026

EUIG (iShares Euro Investment Grade Corporate Bond USD Hedged ETF) and IWM (iShares Russell 2000 ETF) are both exchange-traded funds - EUIG is a European Corporate Bonds fund tracking the BBG Euro Corporate Index, 100% USD Hedged, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Both are passively managed. At a 0.35 correlation, their price movements are largely independent. EUIG charges 0.18%/yr vs 0.19%/yr for IWM.

Performance

EUIG vs. IWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Euro Investment Grade Corporate Bond USD Hedged ETF (EUIG) and iShares Russell 2000 ETF (IWM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUIG achieves a 1.18% return, which is significantly lower than IWM's 17.07% return.

EUIG

• 1D: 0.03%
• 1M: 0.90%
• YTD: 1.18%
• 6M: 1.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IWM

• 1D: -1.37%
• 1M: 3.52%
• YTD: 17.07%
• 6M: 15.83%
• 1Y: 39.10%
• 3Y*: 17.88%
• 5Y*: 6.11%
• 10Y*: 10.93%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUIG vs. IWM - Yearly Performance Comparison

	2026 (YTD)	2025
EUIG iShares Euro Investment Grade Corporate Bond USD Hedged ETF	1.18%	-0.10%
IWM iShares Russell 2000 ETF	17.07%	2.76%

Correlation

The correlation between EUIG and IWM is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 7, 2025	0.35

Return for Risk

EUIG vs. IWM — Risk / Return Rank

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

IWM

IWM Risk / Return Rank: 62
IWM Sharpe Ratio Rank: 59
IWM Sortino Ratio Rank: 59
IWM Omega Ratio Rank: 53
IWM Calmar Ratio Rank: 70
IWM Martin Ratio Rank: 67

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.

EUIG vs. IWM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Euro Investment Grade Corporate Bond USD Hedged ETF (EUIG) 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.

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

Sharpe Ratios by Period

	EUIG	IWM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.05	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.27	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.37	+0.26

Drawdowns

EUIG vs. IWM - Drawdown Comparison

The maximum EUIG drawdown since its inception was -2.32%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for EUIG and IWM.

Drawdown Indicators

	EUIG	IWM	Difference
Max Drawdown Largest peak-to-trough decline	-2.32%	-59.05%	+56.73%
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	-0.30%	-1.49%	+1.19%
Average Drawdown Average peak-to-trough decline	-0.57%	-10.77%	+10.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.10%	—

Volatility

Volatility by Period

	EUIG	IWM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.07%	19.20%	-16.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.07%	22.52%	-19.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.07%	23.04%	-19.97%

EUIG vs. IWM - Expense Ratio Comparison

EUIG has a 0.18% 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

EUIG vs. IWM - Dividend Comparison

EUIG's dividend yield for the trailing twelve months is around 1.60%, more than IWM's 0.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUIG iShares Euro Investment Grade Corporate Bond USD Hedged ETF	1.60%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IWM iShares Russell 2000 ETF	0.88%	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

Can I hold both EUIG and IWM in my portfolio?

EUIG and IWM have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EUIG or IWM?

On fees, EUIG is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EUIG or IWM?

EUIG is cheaper with a 0.18% expense ratio, compared with 0.19% for IWM.

Which ETF pays a higher dividend yield, EUIG or IWM?

EUIG has the higher dividend yield at 1.60%, compared with 0.88% for IWM.

What is the main difference between EUIG and IWM?

EUIG is categorized as European Corporate Bonds, while IWM is Small Cap Blend Equities. EUIG tracks BBG Euro Corporate Index, 100% USD Hedged, while IWM tracks Russell 2000 Index. Their fees differ too: 0.18% for EUIG and 0.19% for IWM.