PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IFGL vs. IWM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IFGL vs. IWM

Last updated Jun 4, 2026

IFGL (iShares International Developed Real Estate ETF) and IWM (iShares Russell 2000 ETF) are both exchange-traded funds - IFGL is a REIT fund tracking the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past 10 years, IFGL returned 1.41%/yr vs 10.93%/yr for IWM. A 0.62 correlation means they provide meaningful diversification when combined. IFGL charges 0.48%/yr vs 0.19%/yr for IWM.

Performance

IFGL vs. IWM - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, IFGL achieves a -2.19% return, which is significantly lower than IWM's 17.07% return. Over the past 10 years, IFGL has underperformed IWM with an annualized return of 1.41%, while IWM has yielded a comparatively higher 10.93% annualized return.

IFGL

1D
-1.17%
1M
-4.06%
YTD
-2.19%
6M
-0.58%
1Y
6.13%
3Y*
6.59%
5Y*
-2.66%
10Y*
1.41%

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)

IFGL vs. IWM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IFGL
iShares International Developed Real Estate ETF		-2.19%24.31%-7.25%5.40%-24.21%8.29%-7.62%20.65%-6.39%20.00%
IWM
iShares Russell 2000 ETF		17.07%12.66%11.38%16.83%-20.48%14.54%20.03%25.39%-11.12%14.58%

Correlation

The correlation between IFGL and IWM is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.57

Correlation (5Y)
Calculated over the trailing 5-year period

0.60

Correlation (10Y)
Calculated over the trailing 10-year period

0.56

Correlation (All Time)
Calculated using the full available price history since Dec 28, 2007

0.62

The correlation between IFGL and IWM shifts across timeframes, from 0.50 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.

IFGL vs. IWM - Sectors Allocation Comparison

Sectors
IFGL
IWM

Real Estate

98.9%
5.7%

Technology

1.1%
19.5%

Consumer Cyclical

0.1%
7.8%

Basic Materials

-

4.5%

Communication Services

-

2.0%

Consumer Defensive

-

2.1%

Energy

-

6.0%

Financial Services

-

15.8%

Healthcare

-

15.8%

Industrials

-

17.1%

Utilities

-

3.0%

Real Estate

IFGL
98.9%
IWM
5.7%

Technology

IFGL
1.1%
IWM
19.5%

Consumer Cyclical

IFGL
0.1%
IWM
7.8%

Basic Materials

IFGL

-

IWM
4.5%

Communication Services

IFGL

-

IWM
2.0%

Consumer Defensive

IFGL

-

IWM
2.1%

Energy

IFGL

-

IWM
6.0%

Financial Services

IFGL

-

IWM
15.8%

Healthcare

IFGL

-

IWM
15.8%

Industrials

IFGL

-

IWM
17.1%

Utilities

IFGL

-

IWM
3.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares International Developed Real Estate ETF

iShares Russell 2000 ETF

Often compared with IFGL:
IFGL vs. VNQIIFGL vs. RWXIFGL vs. REETIFGL vs. WPSIFGL vs. VNQIFGL vs. IDEVIFGL vs. STAG
Often compared with IWM:
IWM vs. SPYIWM vs. VTWOIWM vs. IJRIWM vs. AVUVIWM vs. IWNIWM vs. VOOIWM vs. IWO

Return for Risk

IFGL vs. IWM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IFGL
IFGL Risk / Return Rank: 1515
Overall Rank
IFGL Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
IFGL Sortino Ratio Rank: 1515
Sortino Ratio Rank
IFGL Omega Ratio Rank: 1515
Omega Ratio Rank
IFGL Calmar Ratio Rank: 1414
Calmar Ratio Rank
IFGL Martin Ratio Rank: 1515
Martin Ratio Rank
IWM
IWM Risk / Return Rank: 6262
Overall Rank
IWM Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
IWM Sortino Ratio Rank: 5959
Sortino Ratio Rank
IWM Omega Ratio Rank: 5353
Omega Ratio Rank
IWM Calmar Ratio Rank: 7070
Calmar Ratio Rank
IWM Martin Ratio Rank: 6767
Martin Ratio Rank
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.

IFGL vs. IWM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Developed Real Estate ETF (IFGL) 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.

IFGLIWMDifference
Sharpe ratioReturn per unit of total volatility
0.45
2.05

-1.60

Sortino ratioReturn per unit of downside risk
0.74
2.85

-2.12

Omega ratioGain probability vs. loss probability

1.09

1.34

-0.25

Calmar ratioReturn relative to maximum drawdown

0.43

3.56

-3.13

Martin ratioReturn relative to average drawdown

1.32

12.64

-11.32

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IFGL vs. IWM - Sharpe Ratio Comparison

The current IFGL Sharpe Ratio is 0.45, which is lower than the IWM Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of IFGL and IWM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

IFGLIWMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.45

2.05

-1.60

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.16

0.27

-0.44

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.09

0.48

-0.39

Sharpe Ratio (All Time)

Calculated using the full available price history

0.04

0.37

-0.33

Drawdowns

IFGL vs. IWM - Drawdown Comparison

The maximum IFGL drawdown since its inception was -67.94%, which is greater than IWM's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for IFGL and IWM.

Loading charts...

Drawdown Indicators

IFGLIWMDifference

Max Drawdown

Largest peak-to-trough decline

-67.94%

-59.05%

-8.89%

Max Drawdown (1Y)

Largest decline over 1 year

-14.38%

-11.03%

-3.35%

Max Drawdown (3Y)

Largest decline over 3 years

-18.77%

-27.50%

+8.73%

Max Drawdown (5Y)

Largest decline over 5 years

-38.47%

-31.91%

-6.56%

Max Drawdown (10Y)

Largest decline over 10 years

-40.38%

-41.13%

+0.75%

Current Drawdown

Current decline from peak

-14.94%

-1.49%

-13.45%

Average Drawdown

Average peak-to-trough decline

-16.68%

-10.77%

-5.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.65%

3.10%

+1.55%

Volatility

IFGL vs. IWM - Volatility Comparison

The current volatility for iShares International Developed Real Estate ETF (IFGL) is 4.54%, while iShares Russell 2000 ETF (IWM) has a volatility of 5.75%. This indicates that IFGL experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IFGLIWMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.54%

5.75%

-1.21%

Volatility (6M)

Calculated over the trailing 6-month period

11.46%

13.53%

-2.07%

Volatility (1Y)

Calculated over the trailing 1-year period

13.68%

19.20%

-5.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.38%

22.52%

-6.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.59%

23.04%

-6.45%

IFGL vs. IWM - Expense Ratio Comparison

IFGL has a 0.48% expense ratio, which is higher than IWM's 0.19% expense ratio.

Dividends

IFGL vs. IWM - Dividend Comparison

IFGL's dividend yield for the trailing twelve months is around 3.90%, more than IWM's 0.88% yield.

PositionTTM20252024202320222021202020192018201720162015
IFGL
iShares International Developed Real Estate ETF		3.90%3.71%4.83%1.82%2.79%3.25%2.17%7.60%4.10%4.90%7.68%3.70%
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

IFGL and IWM have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWM has higher volatility (5.75%) compared to IFGL (4.54%). In terms of maximum drawdown, IFGL dropped -67.94% vs IWM's -59.05%.

On 10-year performance, IWM leads with 10.93% vs 1.41% for IFGL. On fees, IWM is cheaper at 0.19% per year. On volatility, IFGL has been the lower-risk option at 4.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IWM has performed better with a 10.93% return vs 1.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWM is cheaper with a 0.19% expense ratio, compared with 0.48% for IFGL.

IFGL has the higher dividend yield at 3.90%, compared with 0.88% for IWM.

IFGL is categorized as REIT, while IWM is Small Cap Blend Equities. IFGL tracks FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, while IWM tracks Russell 2000 Index. Their fees differ too: 0.48% for IFGL and 0.19% for IWM.

IWM currently has the higher Sharpe Ratio (2.05 vs 0.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for IFGL and IWM

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer