ITOT vs. IWMY
ITOT (iShares Core S&P Total U.S. Stock Market ETF) and IWMY (Defiance R2000 Enhanced Options & 0DTE Income ETF) are both exchange-traded funds - ITOT is a Large Cap Blend Equities fund tracking the S&P Total Market Index, while IWMY is a Options Trading fund tracking the Russell 2000 Index. Both are passively managed. Over the past year, ITOT returned 24.78% vs 21.26% for IWMY. A 0.79 correlation means they provide meaningful diversification when combined. ITOT charges 0.03%/yr vs 0.99%/yr for IWMY.
Performance
ITOT vs. IWMY - Performance Comparison
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Returns By Period
In the year-to-date period, ITOT achieves a 9.69% return, which is significantly lower than IWMY's 13.70% return.
ITOT
- 1D
- 0.59%
- 1M
- 0.46%
- YTD
- 9.69%
- 6M
- 9.77%
- 1Y
- 24.78%
- 3Y*
- 20.61%
- 5Y*
- 12.20%
- 10Y*
- 14.99%
IWMY
- 1D
- 0.68%
- 1M
- 2.79%
- YTD
- 13.70%
- 6M
- 10.66%
- 1Y
- 21.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITOT vs. IWMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ITOT iShares Core S&P Total U.S. Stock Market ETF | 9.69% | 17.00% | 23.80% | 16.08% |
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 13.70% | 10.18% | 5.56% | 10.06% |
Correlation
The correlation between ITOT and IWMY is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2023 | 0.79 |
The correlation between ITOT and IWMY has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.
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Return for Risk
ITOT vs. IWMY — Risk / Return Rank
ITOT
IWMY
ITOT vs. IWMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Total U.S. Stock Market ETF (ITOT) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ITOT | IWMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.23 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 1.85 | +0.95 |
| Martin ratioReturn relative to average drawdown | 12.50 | 6.03 | +6.47 |
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Drawdowns
ITOT vs. IWMY - Drawdown Comparison
The maximum ITOT drawdown since its inception was -55.20%, which is greater than IWMY's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for ITOT and IWMY.
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Drawdown Indicators
| ITOT | IWMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.20% | -18.72% | -36.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -11.57% | +2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -19.44% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.00% | — | — |
Current DrawdownCurrent decline from peak | -2.12% | -0.12% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -2.96% | -4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 3.54% | -1.55% |
Volatility
ITOT vs. IWMY - Volatility Comparison
The current volatility for iShares Core S&P Total U.S. Stock Market ETF (ITOT) is 4.57%, while Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) has a volatility of 6.80%. This indicates that ITOT experiences smaller price fluctuations and is considered to be less risky than IWMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITOT | IWMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 6.80% | -2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 9.85% | 13.47% | -3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.69% | 16.36% | -3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 15.94% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 15.94% | +2.35% |
ITOT vs. IWMY - Expense Ratio Comparison
ITOT has a 0.03% expense ratio, which is lower than IWMY's 0.99% expense ratio.
Dividends
ITOT vs. IWMY - Dividend Comparison
ITOT's dividend yield for the trailing twelve months is around 0.99%, less than IWMY's 44.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITOT iShares Core S&P Total U.S. Stock Market ETF | 0.99% | 1.11% | 1.23% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% |
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 44.61% | 63.33% | 107.92% | 11.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ITOT and IWMY have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWMY has higher volatility (6.80%) compared to ITOT (4.57%). In terms of maximum drawdown, ITOT dropped -55.20% vs IWMY's -18.72%.
On 1-year performance, ITOT leads with 24.78% vs 21.26% for IWMY. On fees, ITOT is cheaper at 0.03% per year. On volatility, ITOT has been the lower-risk option at 4.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ITOT has performed better with a 24.78% return vs 21.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITOT is cheaper with a 0.03% expense ratio, compared with 0.99% for IWMY.
IWMY has the higher dividend yield at 44.61%, compared with 0.99% for ITOT.
ITOT is categorized as Large Cap Blend Equities, while IWMY is Options Trading. ITOT tracks S&P Total Market Index, while IWMY tracks Russell 2000 Index. They also come from different issuers: iShares and Defiance. Their fees differ too: 0.03% for ITOT and 0.99% for IWMY.
ITOT currently has the higher Sharpe Ratio (1.96 vs 1.31), 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.
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