IDA vs. IWB
Compare and contrast key facts about IDACORP, Inc. (IDA) and iShares Russell 1000 ETF (IWB).
IWB is a passively managed fund by iShares that tracks the performance of the Russell 1000 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IDA or IWB.
Key characteristics
| IDA | IWB | |
|---|---|---|
| YTD Return | -2.63% | 7.29% |
| 1Y Return | -11.79% | 24.73% |
| 3Y Return (Ann) | 0.40% | 7.46% |
| 5Y Return (Ann) | 2.11% | 13.31% |
| 10Y Return (Ann) | 8.71% | 12.22% |
| Sharpe Ratio | -0.66 | 2.18 |
| Daily Std Dev | 18.68% | 11.81% |
| Max Drawdown | -54.01% | -55.38% |
| Current Drawdown | -14.85% | -2.63% |
Correlation
The correlation between IDA and IWB is 0.46, 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
IDA vs. IWB - Performance Comparison
In the year-to-date period, IDA achieves a -2.63% return, which is significantly lower than IWB's 7.29% return. Over the past 10 years, IDA has underperformed IWB with an annualized return of 8.71%, while IWB has yielded a comparatively higher 12.22% 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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Risk-Adjusted Performance
IDA vs. IWB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IDACORP, Inc. (IDA) and iShares Russell 1000 ETF (IWB). 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
IDA vs. IWB - Dividend Comparison
IDA's dividend yield for the trailing twelve months is around 3.41%, more than IWB's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDA IDACORP, Inc. | 3.41% | 3.25% | 2.82% | 2.54% | 2.83% | 2.40% | 2.58% | 2.45% | 2.58% | 2.82% | 2.66% | 3.03% |
IWB iShares Russell 1000 ETF | 1.24% | 1.31% | 1.56% | 1.09% | 1.37% | 1.71% | 2.06% | 1.64% | 1.89% | 1.95% | 1.70% | 1.68% |
Drawdowns
IDA vs. IWB - Drawdown Comparison
The maximum IDA drawdown since its inception was -54.01%, roughly equal to the maximum IWB drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for IDA and IWB. For additional features, visit the drawdowns tool.
Volatility
IDA vs. IWB - Volatility Comparison
IDACORP, Inc. (IDA) has a higher volatility of 5.56% compared to iShares Russell 1000 ETF (IWB) at 3.66%. This indicates that IDA's price experiences larger fluctuations and is considered to be riskier than IWB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.