IWB vs. PSHZF
IWB (iShares Russell 1000 ETF) is Large Cap Blend Equities fund tracking the Russell 1000 Index, while PSHZF (Pershing Square Holdings, Ltd.) is a stock. Over the past 10 years, IWB returned 14.80%/yr vs 14.59%/yr for PSHZF. At a 0.44 correlation, their price movements are largely independent.
Performance
IWB vs. PSHZF - Performance Comparison
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Returns By Period
In the year-to-date period, IWB achieves a 10.28% return, which is significantly higher than PSHZF's -20.10% return. Both investments have delivered pretty close results over the past 10 years, with IWB having a 14.80% annualized return and PSHZF not far behind at 14.59%.
IWB
- 1D
- -0.75%
- 1M
- 1.30%
- 6M
- 8.04%
- YTD
- 10.28%
- 1Y
- 20.86%
- 3Y*
- 19.75%
- 5Y*
- 12.22%
- 10Y*
- 14.80%
PSHZF
- 1D
- -0.43%
- 1M
- 1.88%
- 6M
- -17.82%
- YTD
- -20.10%
- 1Y
- -6.68%
- 3Y*
- 12.57%
- 5Y*
- 8.34%
- 10Y*
- 14.59%
IWB vs. PSHZF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWB iShares Russell 1000 ETF | 10.28% | 17.18% | 24.32% | 26.39% | -19.19% | 26.32% | 20.77% | 31.06% | -4.90% | 21.52% |
PSHZF Pershing Square Holdings, Ltd. | -20.10% | 36.74% | 4.57% | 37.43% | -15.13% | 17.80% | 89.27% | 53.54% | -8.09% | -5.08% |
Correlation
The correlation between IWB and PSHZF is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2015 | 0.44 |
The correlation between IWB and PSHZF has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
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Return for Risk
IWB vs. PSHZF — Risk / Return Rank
IWB
PSHZF
IWB vs. PSHZF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 ETF (IWB) and Pershing Square Holdings, Ltd. (PSHZF). 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.
| IWB | PSHZF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.97 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | -0.25 | +2.61 |
| Martin ratioReturn relative to average drawdown | 10.29 | -0.53 | +10.82 |
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Drawdowns
IWB vs. PSHZF - Drawdown Comparison
The maximum IWB drawdown since its inception was -55.38%, roughly equal to the maximum PSHZF drawdown of -56.97%. Use the drawdown chart below to compare losses from any high point for IWB and PSHZF.
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Drawdown Indicators
| IWB | PSHZF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.38% | -56.97% | +1.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -27.07% | +18.21% |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | -27.07% | +7.98% |
Max Drawdown (5Y)Largest decline over 5 years | -25.20% | -31.46% | +6.26% |
Max Drawdown (10Y)Largest decline over 10 years | -34.60% | -32.96% | -1.64% |
Current DrawdownCurrent decline from peak | -0.94% | -22.72% | +21.78% |
Average DrawdownAverage peak-to-trough decline | -10.82% | -23.15% | +12.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 12.57% | -10.54% |
Volatility
IWB vs. PSHZF - Volatility Comparison
The current volatility for iShares Russell 1000 ETF (IWB) is 4.08%, while Pershing Square Holdings, Ltd. (PSHZF) has a volatility of 7.56%. This indicates that IWB experiences smaller price fluctuations and is considered to be less risky than PSHZF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWB | PSHZF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 7.56% | -3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 18.46% | -8.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 22.63% | -10.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.21% | 24.53% | -7.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.12% | 25.03% | -6.91% |
Dividends
IWB vs. PSHZF - Dividend Comparison
IWB's dividend yield for the trailing twelve months is around 0.92%, less than PSHZF's 1.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWB iShares Russell 1000 ETF | 0.92% | 1.00% | 1.14% | 1.31% | 1.56% | 1.09% | 1.37% | 1.71% | 2.06% | 1.64% | 1.89% | 1.95% |
PSHZF Pershing Square Holdings, Ltd. | 1.35% | 1.01% | 1.21% | 1.12% | 1.38% | 1.14% | 1.35% | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWB and PSHZF have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSHZF has higher volatility (7.56%) compared to IWB (4.08%). In terms of maximum drawdown, IWB dropped -55.38% vs PSHZF's -56.97%.
IWB currently has the higher Sharpe Ratio (1.66 vs -0.30), 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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