IWB vs. FHOFX
IWB (iShares Russell 1000 ETF) and FHOFX (Fidelity Series Large Cap Growth Index Fund) are both funds - IWB is a Large Cap Blend Equities fund tracking the Russell 1000 Index, while FHOFX is a Large Cap Growth Equities fund managed by Fidelity. Over the past 5 years, IWB returned 12.59%/yr vs 14.74%/yr for FHOFX. Their correlation of 0.94 suggests significant overlap in exposure. IWB charges 0.15%/yr vs 0.00%/yr for FHOFX.
Performance
IWB vs. FHOFX - Performance Comparison
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Returns By Period
In the year-to-date period, IWB achieves a 8.46% return, which is significantly higher than FHOFX's 3.89% return.
IWB
- 1D
- 0.26%
- 1M
- 0.43%
- YTD
- 8.46%
- 6M
- 8.45%
- 1Y
- 23.94%
- 3Y*
- 21.07%
- 5Y*
- 12.59%
- 10Y*
- 14.97%
FHOFX
- 1D
- -3.28%
- 1M
- -0.71%
- YTD
- 3.89%
- 6M
- 2.87%
- 1Y
- 21.07%
- 3Y*
- 23.73%
- 5Y*
- 14.74%
- 10Y*
- —
IWB vs. FHOFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IWB iShares Russell 1000 ETF | 8.46% | 17.18% | 24.32% | 26.39% | -19.19% | 26.32% | 20.77% | 31.06% | -13.32% |
FHOFX Fidelity Series Large Cap Growth Index Fund | 3.89% | 18.55% | 33.37% | 42.77% | -29.13% | 27.68% | 38.39% | 36.38% | -15.37% |
Correlation
The correlation between IWB and FHOFX is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018 | 0.94 |
The correlation between IWB and FHOFX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
IWB vs. FHOFX — Risk / Return Rank
IWB
FHOFX
IWB vs. FHOFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 ETF (IWB) and Fidelity Series Large Cap Growth Index Fund (FHOFX). 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.
| IWB | FHOFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.25 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 1.39 | +1.32 |
| Martin ratioReturn relative to average drawdown | 12.38 | 4.65 | +7.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWB | FHOFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 1.42 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.69 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.74 | -0.29 |
Drawdowns
IWB vs. FHOFX - Drawdown Comparison
The maximum IWB drawdown since its inception was -55.38%, which is greater than FHOFX's maximum drawdown of -32.62%. Use the drawdown chart below to compare losses from any high point for IWB and FHOFX.
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Drawdown Indicators
| IWB | FHOFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.38% | -32.62% | -22.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -16.13% | +7.27% |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | -23.31% | +4.22% |
Max Drawdown (5Y)Largest decline over 5 years | -25.20% | -32.62% | +7.42% |
Max Drawdown (10Y)Largest decline over 10 years | -34.60% | — | — |
Current DrawdownCurrent decline from peak | -2.58% | -4.71% | +2.13% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -7.45% | -3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 4.80% | -2.86% |
Volatility
IWB vs. FHOFX - Volatility Comparison
The current volatility for iShares Russell 1000 ETF (IWB) is 3.74%, while Fidelity Series Large Cap Growth Index Fund (FHOFX) has a volatility of 4.83%. This indicates that IWB experiences smaller price fluctuations and is considered to be less risky than FHOFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWB | FHOFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 4.83% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.37% | 12.14% | -2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.20% | 15.81% | -3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 21.57% | -4.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.16% | 23.16% | -5.00% |
IWB vs. FHOFX - Expense Ratio Comparison
IWB has a 0.15% expense ratio, which is higher than FHOFX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IWB vs. FHOFX - Dividend Comparison
IWB's dividend yield for the trailing twelve months is around 0.93%, less than FHOFX's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHOFX Fidelity Series Large Cap Growth Index Fund | 0.94% | 0.97% | 0.55% | 0.83% | 1.41% | 3.02% | 2.91% | 1.30% | 0.56% | 0.00% | 0.00% | 0.00% |
IWB iShares Russell 1000 ETF | 0.93% | 1.00% | 1.14% | 1.31% | 1.56% | 1.09% | 1.37% | 1.71% | 2.06% | 1.64% | 1.89% | 1.95% |
Frequently Asked Questions
With a correlation of 0.92, IWB and FHOFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FHOFX has higher volatility (4.83%) compared to IWB (3.74%). In terms of maximum drawdown, IWB dropped -55.38% vs FHOFX's -32.62%.
IWB currently has the higher Sharpe Ratio (1.98 vs 1.42), 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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