IWM vs. FLXSX
Compare and contrast key facts about iShares Russell 2000 ETF (IWM) and Fidelity Flex Small Cap Index Fund (FLXSX).
IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000. FLXSX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWM or FLXSX.
Key characteristics
| IWM | FLXSX | |
|---|---|---|
| YTD Return | 18.17% | 18.33% |
| 1Y Return | 33.39% | 33.79% |
| 3Y Return (Ann) | 0.75% | 0.99% |
| 5Y Return (Ann) | 9.60% | 9.83% |
| Sharpe Ratio | 1.88 | 1.90 |
| Sortino Ratio | 2.70 | 2.75 |
| Omega Ratio | 1.33 | 1.33 |
| Calmar Ratio | 1.60 | 1.65 |
| Martin Ratio | 10.83 | 10.97 |
| Ulcer Index | 3.76% | 3.74% |
| Daily Std Dev | 21.63% | 21.59% |
| Max Drawdown | -59.05% | -41.72% |
| Current Drawdown | -2.73% | -2.67% |
Correlation
The correlation between IWM and FLXSX is 1.00, 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
IWM vs. FLXSX - Performance Comparison
The year-to-date returns for both investments are quite close, with IWM having a 18.17% return and FLXSX slightly higher at 18.33%. 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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IWM vs. FLXSX - Expense Ratio Comparison
IWM has a 0.19% expense ratio, which is higher than FLXSX's 0.00% expense ratio. However, 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
IWM vs. FLXSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 ETF (IWM) and Fidelity Flex Small Cap Index Fund (FLXSX). 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
IWM vs. FLXSX - Dividend Comparison
IWM's dividend yield for the trailing twelve months is around 1.09%, less than FLXSX's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 1.09% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
FLXSX Fidelity Flex Small Cap Index Fund | 1.27% | 1.49% | 1.26% | 1.10% | 1.06% | 1.31% | 1.16% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IWM vs. FLXSX - Drawdown Comparison
The maximum IWM drawdown since its inception was -59.05%, which is greater than FLXSX's maximum drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for IWM and FLXSX. For additional features, visit the drawdowns tool.
Volatility
IWM vs. FLXSX - Volatility Comparison
iShares Russell 2000 ETF (IWM) and Fidelity Flex Small Cap Index Fund (FLXSX) have volatilities of 7.49% and 7.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.