IWC vs. ACTV

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Microcap ETF (IWC) and LeaderShares Activist Leaders ETF (ACTV).

IWC and ACTV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWC is a passively managed fund by iShares that tracks the performance of the Russell Microcap Index. It was launched on Aug 12, 2005. ACTV is an actively managed fund by Redwood. It was launched on Oct 27, 2020.

Performance

IWC vs. ACTV - Performance Comparison

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

IWC vs. ACTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IWC iShares Microcap ETF	1.36%	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%

Returns By Period

IWC

• 1D: 4.11%
• 1M: -4.95%
• YTD: 1.36%
• 6M: 7.71%
• 1Y: 45.56%
• 3Y*: 16.51%
• 5Y*: 2.52%
• 10Y*: 10.08%

ACTV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWC vs. ACTV - Expense Ratio Comparison

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

ACTV

LeaderShares Activist Leaders ETF

IWC

iShares Microcap ETF

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: 87
IWC Sharpe Ratio Rank: 87
IWC Sortino Ratio Rank: 88
IWC Omega Ratio Rank: 79
IWC Calmar Ratio Rank: 92
IWC Martin Ratio Rank: 89

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 Microcap 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.

	IWC	ACTV	Difference
Sharpe ratio Return per unit of total volatility	1.74	—	—
Sortino ratio Return per unit of downside risk	2.38	—	—
Omega ratio Gain probability vs. loss probability	1.30	—	—
Calmar ratio Return relative to maximum drawdown	3.27	—	—
Martin ratio Return relative to average drawdown	10.63	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IWC	ACTV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	—	—

Correlation

The correlation between IWC and ACTV is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IWC vs. ACTV - Dividend Comparison

IWC's dividend yield for the trailing twelve months is around 1.06%, less than ACTV's 1.28% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWC iShares Microcap ETF	1.06%	1.10%	1.06%	1.17%	1.18%	0.78%	0.98%	1.19%	1.01%	1.09%	1.16%	1.49%
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%

Drawdowns

Drawdown Indicators

	IWC	ACTV	Difference
Max Drawdown Largest peak-to-trough decline	-64.61%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.35%	—	—
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	-8.83%	—	—
Average Drawdown Average peak-to-trough decline	-15.39%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	—	—

Volatility

Volatility by Period

	IWC	ACTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.33%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.40%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.30%	—	—