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IWC vs. ACTV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWC vs. ACTV

Last updated Jun 5, 2026

IWC (iShares Micro-Cap ETF) and ACTV (LeaderShares Activist Leaders ETF) are both exchange-traded funds - IWC is a Small Cap Blend Equities fund tracking the Russell Microcap Index, while ACTV is a Global Equities fund actively managed by Redwood. IWC is passively managed, while ACTV is actively managed. A 0.79 correlation means they provide meaningful diversification when combined. IWC charges 0.60%/yr vs 0.75%/yr for ACTV.

Performance

IWC vs. ACTV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Micro-Cap ETF (IWC) and LeaderShares Activist Leaders ETF (ACTV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

IWC

1D
2.06%
1M
2.80%
YTD
21.41%
6M
19.33%
1Y
58.00%
3Y*
22.83%
5Y*
5.88%
10Y*
11.44%

ACTV

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWC vs. ACTV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IWC
iShares Micro-Cap ETF		21.41%22.45%13.63%8.99%-21.93%18.67%25.27%
ACTV
LeaderShares Activist Leaders ETF		0.00%3.13%-1.70%15.22%-19.33%25.52%27.02%

Correlation

The correlation between IWC and ACTV is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.37

Correlation (3Y)
Calculated over the trailing 3-year period

0.71

Correlation (5Y)
Calculated over the trailing 5-year period

0.78

Correlation (All Time)
Calculated using the full available price history since Oct 28, 2020

0.79

Over the past year, the correlation between IWC and ACTV has dropped to 0.37 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

IWC vs. ACTV - Sectors Allocation Comparison

Sectors
IWC
ACTV

Healthcare

28.1%
7.1%

Technology

18.4%
30.1%

Financial Services

18.1%
98.5%

Industrials

13.3%
6.6%

Consumer Cyclical

5.3%
12.0%

Energy

4.7%
2.1%

Basic Materials

4.4%
1.2%

Real Estate

3.5%
9.3%

Consumer Defensive

1.9%
6.8%

Communication Services

1.8%
12.3%

Utilities

0.6%
3.0%

Healthcare

IWC
28.1%
ACTV
7.1%

Technology

IWC
18.4%
ACTV
30.1%

Financial Services

IWC
18.1%
ACTV
98.5%

Industrials

IWC
13.3%
ACTV
6.6%

Consumer Cyclical

IWC
5.3%
ACTV
12.0%

Energy

IWC
4.7%
ACTV
2.1%

Basic Materials

IWC
4.4%
ACTV
1.2%

Real Estate

IWC
3.5%
ACTV
9.3%

Consumer Defensive

IWC
1.9%
ACTV
6.8%

Communication Services

IWC
1.8%
ACTV
12.3%

Utilities

IWC
0.6%
ACTV
3.0%

Compare stocks, funds, or ETFs

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

iShares Micro-Cap ETF

LeaderShares Activist Leaders ETF

Often compared with IWC:
IWC vs. IWMIWC vs. FDMIWC vs. SPYIWC vs. IWXIWC vs. PVIVXIWC vs. VOOIWC vs. VT
Often compared with ACTV:
ACTV vs. LSAFACTV vs. LSATACTV vs. FGDACTV vs. ISRAACTV vs. DFAIACTV vs. DIVDACTV vs. BDVL

Return for Risk

IWC vs. ACTV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWC
IWC Risk / Return Rank: 7676
Overall Rank
IWC Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
IWC Sortino Ratio Rank: 7272
Sortino Ratio Rank
IWC Omega Ratio Rank: 6464
Omega Ratio Rank
IWC Calmar Ratio Rank: 8686
Calmar Ratio Rank
IWC Martin Ratio Rank: 8080
Martin Ratio Rank
ACTV
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWC vs. ACTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Micro-Cap ETF (IWC) and LeaderShares Activist Leaders ETF (ACTV). 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.

IWCACTVDifference
Sharpe ratioReturn per unit of total volatility
2.47

—

—

Sortino ratioReturn per unit of downside risk
3.22

—

—

Omega ratioGain probability vs. loss probability

1.38

—

—

Calmar ratioReturn relative to maximum drawdown

4.69

—

—

Martin ratioReturn relative to average drawdown

15.50

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWC vs. ACTV - Sharpe Ratio Comparison

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Sharpe Ratios by Period

IWCACTVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.47

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.24

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.32

—

—

Drawdowns

IWC vs. ACTV - Drawdown Comparison

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Drawdown Indicators

IWCACTVDifference

Max Drawdown

Largest peak-to-trough decline

-64.61%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-12.43%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-29.46%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-40.68%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-47.21%

—

—

Current Drawdown

Current decline from peak

-0.91%

—

—

Average Drawdown

Average peak-to-trough decline

-15.27%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.75%

—

—

Volatility

IWC vs. ACTV - Volatility Comparison

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Volatility by Period

IWCACTVDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.26%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

17.35%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

23.63%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.44%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.42%

—

—

IWC vs. ACTV - Expense Ratio Comparison

IWC has a 0.60% expense ratio, which is lower than ACTV's 0.75% expense ratio.

Dividends

IWC vs. ACTV - Dividend Comparison

IWC's dividend yield for the trailing twelve months is around 0.89%, less than ACTV's 1.28% yield.

PositionTTM20252024202320222021202020192018201720162015
ACTV
LeaderShares Activist Leaders ETF		1.28%1.28%0.80%1.18%0.28%7.63%0.11%0.00%0.00%0.00%0.00%0.00%
IWC
iShares Micro-Cap ETF		0.89%1.10%1.06%1.17%1.18%0.78%0.98%1.19%1.01%1.09%1.16%1.49%

Frequently Asked Questions

IWC and ACTV have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IWC is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IWC is cheaper with a 0.60% expense ratio, compared with 0.75% for ACTV.

ACTV has the higher dividend yield at 1.28%, compared with 0.89% for IWC.

IWC is categorized as Small Cap Blend Equities, while ACTV is Global Equities. They also come from different issuers: iShares and Redwood. Their fees differ too: 0.60% for IWC and 0.75% for ACTV.

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