FSV vs. IWM

Last updated Apr 1, 2026

Compare and contrast key facts about FirstService Corporation (FSV) and iShares Russell 2000 ETF (IWM).

IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000.

Performance

FSV vs. IWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FirstService Corporation (FSV) and iShares Russell 2000 ETF (IWM). The values are adjusted to include any dividend payments, if applicable.

FSV vs. IWM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSV FirstService Corporation	-10.47%	-13.52%	12.34%	33.07%	-37.22%	44.27%	47.92%	36.73%	-1.34%	48.39%
IWM iShares Russell 2000 ETF	0.93%	12.66%	11.38%	16.83%	-20.48%	14.54%	20.03%	25.39%	-11.12%	14.58%

Returns By Period

In the year-to-date period, FSV achieves a -10.47% return, which is significantly lower than IWM's 0.93% return. Over the past 10 years, FSV has outperformed IWM with an annualized return of 13.89%, while IWM has yielded a comparatively lower 9.76% annualized return.

FSV

• 1D: 2.24%
• 1M: -11.63%
• YTD: -10.47%
• 6M: -26.77%
• 1Y: -15.68%
• 3Y*: 0.15%
• 5Y*: -1.33%
• 10Y*: 13.89%

IWM

• 1D: 3.50%
• 1M: -4.96%
• YTD: 0.93%
• 6M: 3.02%
• 1Y: 25.66%
• 3Y*: 12.94%
• 5Y*: 3.34%
• 10Y*: 9.76%

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

Return for Risk

FSV vs. IWM — Risk / Return Rank

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

FSV

FSV Risk / Return Rank: 20
FSV Sharpe Ratio Rank: 15
FSV Sortino Ratio Rank: 16
FSV Omega Ratio Rank: 16
FSV Calmar Ratio Rank: 28
FSV Martin Ratio Rank: 27

IWM

IWM Risk / Return Rank: 69
IWM Sharpe Ratio Rank: 67
IWM Sortino Ratio Rank: 69
IWM Omega Ratio Rank: 61
IWM Calmar Ratio Rank: 75
IWM Martin Ratio Rank: 71

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.

FSV vs. IWM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FirstService Corporation (FSV) 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.

	FSV	IWM	Difference
Sharpe ratio Return per unit of total volatility	-0.60	1.11	-1.71
Sortino ratio Return per unit of downside risk	-0.72	1.66	-2.38
Omega ratio Gain probability vs. loss probability	0.91	1.21	-0.30
Calmar ratio Return relative to maximum drawdown	-0.44	1.82	-2.26
Martin ratio Return relative to average drawdown	-0.88	6.76	-7.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSV vs. IWM - Sharpe Ratio Comparison

The current FSV Sharpe Ratio is -0.60, which is lower than the IWM Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of FSV and IWM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FSV	IWM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.60	1.11	-1.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	0.15	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.43	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.34	+0.27

Correlation

The correlation between FSV and IWM is 0.44, 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.

Dividends

FSV vs. IWM - Dividend Comparison

FSV's dividend yield for the trailing twelve months is around 0.81%, less than IWM's 1.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSV FirstService Corporation	0.81%	0.71%	0.55%	0.56%	0.66%	0.37%	0.48%	0.64%	0.79%	0.70%	0.93%	0.74%
IWM iShares Russell 2000 ETF	1.02%	1.04%	1.15%	1.35%	1.48%	0.94%	1.04%	1.26%	1.40%	1.26%	1.38%	1.54%

Drawdowns

FSV vs. IWM - Drawdown Comparison

The maximum FSV drawdown since its inception was -47.45%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for FSV and IWM.

Drawdown Indicators

	FSV	IWM	Difference
Max Drawdown Largest peak-to-trough decline	-47.45%	-59.05%	+11.60%
Max Drawdown (1Y) Largest decline over 1 year	-35.38%	-13.74%	-21.64%
Max Drawdown (5Y) Largest decline over 5 years	-44.07%	-31.91%	-12.16%
Max Drawdown (10Y) Largest decline over 10 years	-47.45%	-41.13%	-6.32%
Current Drawdown Current decline from peak	-32.97%	-7.91%	-25.06%
Average Drawdown Average peak-to-trough decline	-12.34%	-10.83%	-1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.65%	3.70%	+13.95%

Volatility

FSV vs. IWM - Volatility Comparison

FirstService Corporation (FSV) and iShares Russell 2000 ETF (IWM) have volatilities of 7.32% and 7.47%, 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.

Volatility by Period

	FSV	IWM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.32%	7.47%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	20.58%	14.47%	+6.11%
Volatility (1Y) Calculated over the trailing 1-year period	26.35%	23.18%	+3.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.48%	22.55%	+2.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.16%	22.99%	+4.17%