IJR vs. IWM
Compare and contrast key facts about iShares Core S&P Small-Cap ETF (IJR) and iShares Russell 2000 ETF (IWM).
IJR and IWM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000. Both IJR and IWM 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: IJR or IWM.
Performance
IJR vs. IWM - Performance Comparison
Returns By Period
In the year-to-date period, IJR achieves a 12.58% return, which is significantly lower than IWM's 14.83% return. Over the past 10 years, IJR has outperformed IWM with an annualized return of 9.63%, while IWM has yielded a comparatively lower 8.43% annualized return.
IJR
12.58%
1.52%
10.07%
28.46%
9.96%
9.63%
IWM
14.83%
0.77%
10.49%
31.53%
8.96%
8.43%
Key characteristics
| IJR | IWM | |
|---|---|---|
| Sharpe Ratio | 1.33 | 1.40 |
| Sortino Ratio | 2.00 | 2.05 |
| Omega Ratio | 1.24 | 1.24 |
| Calmar Ratio | 1.45 | 1.16 |
| Martin Ratio | 7.50 | 7.77 |
| Ulcer Index | 3.54% | 3.78% |
| Daily Std Dev | 20.02% | 21.07% |
| Max Drawdown | -58.15% | -59.05% |
| Current Drawdown | -4.54% | -5.47% |
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IJR vs. IWM - Expense Ratio Comparison
IJR has a 0.07% expense ratio, which is lower than IWM's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between IJR and IWM is 0.97, 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.
Risk-Adjusted Performance
IJR vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Small-Cap ETF (IJR) 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.
Dividends
IJR vs. IWM - Dividend Comparison
IJR's dividend yield for the trailing twelve months is around 1.25%, more than IWM's 1.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJR iShares Core S&P Small-Cap ETF | 1.25% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
IWM iShares Russell 2000 ETF | 1.12% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
IJR vs. IWM - Drawdown Comparison
The maximum IJR drawdown since its inception was -58.15%, roughly equal to the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for IJR and IWM. For additional features, visit the drawdowns tool.
Volatility
IJR vs. IWM - Volatility Comparison
iShares Core S&P Small-Cap ETF (IJR) and iShares Russell 2000 ETF (IWM) have volatilities of 7.73% and 7.67%, 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.