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 15.17%/yr vs 13.91%/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 10.54% return, which is significantly higher than PSHZF's -19.44% return. Over the past 10 years, IWB has outperformed PSHZF with an annualized return of 15.17%, while PSHZF has yielded a comparatively lower 13.91% annualized return.
IWB
- 1D
- -0.71%
- 1M
- 4.95%
- YTD
- 10.54%
- 6M
- 10.51%
- 1Y
- 27.03%
- 3Y*
- 22.02%
- 5Y*
- 12.99%
- 10Y*
- 15.17%
PSHZF
- 1D
- -1.99%
- 1M
- -6.22%
- YTD
- -19.44%
- 6M
- -19.38%
- 1Y
- -1.27%
- 3Y*
- 15.95%
- 5Y*
- 8.92%
- 10Y*
- 13.91%
IWB vs. PSHZF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWB iShares Russell 1000 ETF | 10.54% | 17.18% | 24.32% | 26.39% | -19.19% | 26.32% | 20.77% | 31.06% | -4.90% | 21.52% |
PSHZF Pershing Square Holdings Ltd | -19.44% | 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 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
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 11, 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.
| IWB | PSHZF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.34 | ||
| Sortino ratioReturn per unit of downside risk | +3.04 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.01 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | -0.06 | +3.12 |
| Martin ratioReturn relative to average drawdown | 14.09 | -0.13 | +14.22 |
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 | PSHZF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | -0.06 | +2.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.37 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.55 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.28 | +0.17 |
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% | -22.81% | +13.95% |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | -25.66% | +6.57% |
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 | -0.71% | -22.09% | +21.38% |
Average DrawdownAverage peak-to-trough decline | -10.86% | -23.15% | +12.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 9.97% | -8.05% |
Volatility
IWB vs. PSHZF - Volatility Comparison
The current volatility for iShares Russell 1000 ETF (IWB) is 2.88%, while Pershing Square Holdings Ltd (PSHZF) has a volatility of 5.99%. 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 | 2.88% | 5.99% | -3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 17.49% | -8.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 22.51% | -10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 24.39% | -7.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 25.16% | -7.02% |
Dividends
IWB vs. PSHZF - Dividend Comparison
IWB's dividend yield for the trailing twelve months is around 0.91%, less than PSHZF's 1.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWB iShares Russell 1000 ETF | 0.91% | 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 | 1.34% | 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 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSHZF has higher volatility (5.99%) compared to IWB (2.88%). In terms of maximum drawdown, IWB dropped -55.38% vs PSHZF's -56.97%.
IWB currently has the higher Sharpe Ratio (2.28 vs -0.06), 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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