FAN vs. IWC
Compare and contrast key facts about First Trust Global Wind Energy ETF (FAN) and iShares Microcap ETF (IWC).
FAN and IWC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FAN is a passively managed fund by First Trust that tracks the performance of the ISE Clean Edge Global Wind Energy Index. It was launched on Jun 16, 2008. IWC is a passively managed fund by iShares that tracks the performance of the Russell Microcap Index. It was launched on Aug 12, 2005. Both FAN and IWC 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: FAN or IWC.
Key characteristics
| FAN | IWC | |
|---|---|---|
| YTD Return | -2.88% | 17.28% |
| 1Y Return | 14.03% | 40.84% |
| 3Y Return (Ann) | -7.30% | -3.61% |
| 5Y Return (Ann) | 4.71% | 9.16% |
| 10Y Return (Ann) | 6.37% | 7.52% |
| Sharpe Ratio | 0.65 | 1.66 |
| Sortino Ratio | 1.03 | 2.41 |
| Omega Ratio | 1.13 | 1.29 |
| Calmar Ratio | 0.29 | 1.04 |
| Martin Ratio | 2.38 | 8.27 |
| Ulcer Index | 5.30% | 4.89% |
| Daily Std Dev | 19.43% | 24.36% |
| Max Drawdown | -81.36% | -64.61% |
| Current Drawdown | -35.36% | -11.35% |
Correlation
The correlation between FAN and IWC is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FAN vs. IWC - Performance Comparison
In the year-to-date period, FAN achieves a -2.88% return, which is significantly lower than IWC's 17.28% return. Over the past 10 years, FAN has underperformed IWC with an annualized return of 6.37%, while IWC has yielded a comparatively higher 7.52% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FAN vs. IWC - Expense Ratio Comparison
FAN has a 0.62% expense ratio, which is higher than IWC's 0.60% expense ratio.
Risk-Adjusted Performance
FAN vs. IWC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Wind Energy ETF (FAN) and iShares Microcap ETF (IWC). 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
FAN vs. IWC - Dividend Comparison
FAN's dividend yield for the trailing twelve months is around 1.50%, more than IWC's 1.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAN First Trust Global Wind Energy ETF | 1.50% | 1.72% | 1.50% | 1.80% | 0.83% | 2.42% | 2.68% | 2.59% | 6.04% | 2.36% | 2.61% | 0.71% |
IWC iShares Microcap ETF | 1.03% | 1.17% | 1.18% | 0.78% | 0.98% | 1.19% | 1.01% | 1.09% | 1.16% | 1.49% | 1.11% | 1.01% |
Drawdowns
FAN vs. IWC - Drawdown Comparison
The maximum FAN drawdown since its inception was -81.36%, which is greater than IWC's maximum drawdown of -64.61%. Use the drawdown chart below to compare losses from any high point for FAN and IWC. For additional features, visit the drawdowns tool.
Volatility
FAN vs. IWC - Volatility Comparison
The current volatility for First Trust Global Wind Energy ETF (FAN) is 7.50%, while iShares Microcap ETF (IWC) has a volatility of 7.96%. This indicates that FAN experiences smaller price fluctuations and is considered to be less risky than IWC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.