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IVRS vs. IWM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVRS vs. IWM

Last updated Aug 4, 2026
Documentation

IVRS (iShares Future Metaverse Tech And Communications ETF) and IWM (iShares Russell 2000 ETF) are both exchange-traded funds - IVRS is a Technology Equities fund tracking the Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past 3 years, IVRS returned 7.73%/yr vs 16.48%/yr for IWM. Their 0.66 correlation means they have sometimes moved together and sometimes differently. IVRS charges 0.47%/yr vs 0.19%/yr for IWM.

Performance

IVRS vs. IWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Future Metaverse Tech And Communications ETF (IVRS) and iShares Russell 2000 ETF (IWM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IVRS achieves a -7.07% return, which is significantly lower than IWM's 20.84% return.

IVRS

1D
2.16%
1M
0.63%
6M
-1.65%
YTD
-7.07%
1Y
-11.56%
3Y*
7.73%
5Y*
—
10Y*
—
ALL TIME*
11.16%

IWM

1D
1.72%
1M
-0.46%
6M
13.45%
YTD
20.84%
1Y
39.26%
3Y*
16.48%
5Y*
7.64%
10Y*
10.63%
ALL TIME*
8.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IVRS

iShares Future Metaverse Tech And Communications ETF
$45.64K$34.99K$21.63K

IWM

iShares Russell 2000 ETF
$6.77B$6.36B$7.44B

IVRS vs. IWM - Yearly Performance Comparison

2026 (YTD)202520242023
IVRS
iShares Future Metaverse Tech And Communications ETF		-7.07%12.75%7.40%28.15%
IWM
iShares Russell 2000 ETF		20.84%12.66%11.38%4.75%

Correlation

The correlation between IVRS and IWM is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.64

Correlation (3Y)
Balances recent behavior with more history.

0.67

Correlation (All Time)
Calculated using the full available price history since Feb 16, 2023

0.66

The correlation between IVRS and IWM has been stable across timeframes, ranging from 0.64 to 0.67 - a consistent structural relationship.

IVRS vs. IWM - Sectors Allocation Comparison

Sectors
IVRS
IWM

Communication Services

46.3%
2.0%

Technology

31.8%
13.6%

Financial Services

17.9%
18.3%

Consumer Cyclical

4.0%
9.2%

Basic Materials

-

4.5%

Consumer Defensive

-

2.8%

Energy

-

5.6%

Healthcare

-

20.0%

Industrials

-

13.7%

Real Estate

-

7.0%

Utilities

-

2.9%

Communication Services

IVRS
46.3%
IWM
2.0%

Technology

IVRS
31.8%
IWM
13.6%

Financial Services

IVRS
17.9%
IWM
18.3%

Consumer Cyclical

IVRS
4.0%
IWM
9.2%

Basic Materials

IVRS

-

IWM
4.5%

Consumer Defensive

IVRS

-

IWM
2.8%

Energy

IVRS

-

IWM
5.6%

Healthcare

IVRS

-

IWM
20.0%

Industrials

IVRS

-

IWM
13.7%

Real Estate

IVRS

-

IWM
7.0%

Utilities

IVRS

-

IWM
2.9%

Compare stocks, funds, or ETFs

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

iShares Future Metaverse Tech And Communications ETF

iShares Russell 2000 ETF

Often compared with IVRS:
IVRS vs. FFOGIVRS vs. AIQIVRS vs. IBOTIVRS vs. IQMIVRS vs. VUGIVRS vs. ESPOIVRS vs. VOO
Often compared with IWM:
IWM vs. SPYIWM vs. VTWOIWM vs. IJRIWM vs. AVUVIWM vs. VOOIWM vs. IWNIWM vs. IWO

Return for Risk

IVRS vs. IWM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IVRS
IVRS Risk / Return Rank: 66
Overall Rank
IVRS Sharpe Ratio Rank: 55
Sharpe Ratio Rank
IVRS Sortino Ratio Rank: 55
Sortino Ratio Rank
IVRS Omega Ratio Rank: 55
Omega Ratio Rank
IVRS Calmar Ratio Rank: 66
Calmar Ratio Rank
IVRS Martin Ratio Rank: 66
Martin Ratio Rank
IWM
IWM Risk / Return Rank: 8585
Overall Rank
IWM Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
IWM Sortino Ratio Rank: 8585
Sortino Ratio Rank
IWM Omega Ratio Rank: 8080
Omega Ratio Rank
IWM Calmar Ratio Rank: 8888
Calmar Ratio Rank
IWM Martin Ratio Rank: 8686
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IVRS vs. IWM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Future Metaverse Tech And Communications ETF (IVRS) 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.

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.

IVRSIWMDifference
Sharpe ratioReturn per unit of total volatility
-0.49
2.04

-2.53

Sortino ratioReturn per unit of downside risk
-0.53
2.85

-3.39

Omega ratioGain probability vs. loss probability

0.94

1.34

-0.40

Calmar ratioReturn relative to maximum drawdown

-0.37

3.58

-3.95

Martin ratioReturn relative to average drawdown

-0.69

12.68

-13.37

IVRS vs. IWM - Sharpe Ratio Comparison

The current IVRS Sharpe Ratio is -0.49, which is lower than the IWM Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of IVRS 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.

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Drawdowns

IVRS vs. IWM - Drawdown Comparison

The maximum IVRS drawdown since its inception was -31.43%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for IVRS and IWM.

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Drawdown Indicators

IVRSIWMDifference

Max Drawdown

Largest peak-to-trough decline

-31.43%

-59.05%

+27.62%

Max Drawdown (1Y)

Largest decline over 1 year

-31.43%

-11.03%

-20.40%

Max Drawdown (3Y)

Largest decline over 3 years

-31.43%

-27.50%

-3.93%

Max Drawdown (5Y)

Largest decline over 5 years

—

-31.91%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.13%

—

Current Drawdown

Current decline from peak

-20.06%

-1.41%

-18.65%

Average Drawdown

Average peak-to-trough decline

-6.51%

-10.71%

+4.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.79%

3.11%

+13.68%

Volatility

IVRS vs. IWM - Volatility Comparison

iShares Future Metaverse Tech And Communications ETF (IVRS) has a higher volatility of 7.97% compared to iShares Russell 2000 ETF (IWM) at 4.21%. This indicates that IVRS's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IVRSIWMDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.97%

4.21%

+3.76%

Volatility (6M)

Calculated over the trailing 6-month period

19.96%

14.13%

+5.83%

Volatility (1Y)

Calculated over the trailing 1-year period

23.89%

19.36%

+4.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.88%

22.50%

-1.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.88%

23.02%

-2.14%

IVRS vs. IWM - Expense Ratio Comparison

IVRS has a 0.47% expense ratio, which is higher than IWM's 0.19% expense ratio.

Dividends

IVRS vs. IWM - Dividend Comparison

IVRS's dividend yield for the trailing twelve months is around 8.62%, more than IWM's 0.90% yield.

PositionTTM20252024202320222021202020192018201720162015
IVRS
iShares Future Metaverse Tech And Communications ETF		8.62%7.88%6.65%0.48%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IWM
iShares Russell 2000 ETF		0.90%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

IVRS and IWM have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IVRS has higher volatility (7.97%) compared to IWM (4.21%). In terms of maximum drawdown, IVRS dropped -31.43% vs IWM's -59.05%.

On 3-year performance, IWM leads with 16.48% vs 7.73% for IVRS. On fees, IWM is cheaper at 0.19% per year. On volatility, IWM has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IWM has performed better with a 16.48% return vs 7.73%. 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 0.47% for IVRS.

IVRS has the higher dividend yield at 8.62%, compared with 0.90% for IWM.

IVRS is categorized as Technology Equities, while IWM is Small Cap Blend Equities. IVRS tracks Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while IWM tracks Russell 2000 Index. Their fees differ too: 0.47% for IVRS and 0.19% for IWM.

IWM currently has the higher Sharpe Ratio (2.04 vs -0.49), 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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