IWC vs. BB

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Microcap ETF (IWC) and BlackBerry Limited (BB).

IWC is a passively managed fund by iShares that tracks the performance of the Russell Microcap Index. It was launched on Aug 12, 2005.

Performance

IWC vs. BB - Performance Comparison

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

IWC vs. BB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWC iShares Microcap ETF	1.36%	22.45%	13.63%	8.99%	-21.93%	18.67%	20.88%	22.20%	-13.13%	12.79%
BB BlackBerry Limited	-14.51%	0.26%	6.78%	8.59%	-65.13%	41.03%	3.27%	-9.70%	-36.35%	62.12%

Returns By Period

In the year-to-date period, IWC achieves a 1.36% return, which is significantly higher than BB's -14.51% return. Over the past 10 years, IWC has outperformed BB with an annualized return of 10.08%, while BB has yielded a comparatively lower -8.03% annualized return.

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%

BB

• 1D: 2.86%
• 1M: -4.42%
• YTD: -14.51%
• 6M: -33.61%
• 1Y: -14.06%
• 3Y*: -10.77%
• 5Y*: -17.74%
• 10Y*: -8.03%

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

Return for Risk

IWC vs. BB — 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

BB

BB Risk / Return Rank: 27
BB Sharpe Ratio Rank: 28
BB Sortino Ratio Rank: 26
BB Omega Ratio Rank: 27
BB Calmar Ratio Rank: 27
BB Martin Ratio Rank: 27

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. BB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Microcap ETF (IWC) and BlackBerry Limited (BB). 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	BB	Difference
Sharpe ratio Return per unit of total volatility	1.74	-0.31	+2.05
Sortino ratio Return per unit of downside risk	2.38	-0.17	+2.55
Omega ratio Gain probability vs. loss probability	1.30	0.98	+0.32
Calmar ratio Return relative to maximum drawdown	3.27	-0.47	+3.74
Martin ratio Return relative to average drawdown	10.63	-0.89	+11.52
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. BB - Sharpe Ratio Comparison

The current IWC Sharpe Ratio is 1.74, which is higher than the BB Sharpe Ratio of -0.31. The chart below compares the historical Sharpe Ratios of IWC and BB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IWC	BB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	-0.31	+2.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	-0.30	+0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	-0.14	+0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.03	+0.25

Correlation

The correlation between IWC and BB is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IWC vs. BB - Dividend Comparison

IWC's dividend yield for the trailing twelve months is around 1.06%, while BB has not paid dividends to shareholders.

	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%
BB BlackBerry Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IWC vs. BB - Drawdown Comparison

The maximum IWC drawdown since its inception was -64.61%, smaller than the maximum BB drawdown of -98.57%. Use the drawdown chart below to compare losses from any high point for IWC and BB.

Drawdown Indicators

	IWC	BB	Difference
Max Drawdown Largest peak-to-trough decline	-64.61%	-98.57%	+33.96%
Max Drawdown (1Y) Largest decline over 1 year	-13.35%	-37.00%	+23.65%
Max Drawdown (5Y) Largest decline over 5 years	-40.68%	-86.71%	+46.03%
Max Drawdown (10Y) Largest decline over 10 years	-47.21%	-91.59%	+44.38%
Current Drawdown Current decline from peak	-8.83%	-97.80%	+88.97%
Average Drawdown Average peak-to-trough decline	-15.39%	-71.85%	+56.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	19.44%	-15.33%

Volatility

IWC vs. BB - Volatility Comparison

iShares Microcap ETF (IWC) and BlackBerry Limited (BB) have volatilities of 9.16% and 9.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWC	BB	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.16%	9.10%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	18.06%	28.05%	-9.99%
Volatility (1Y) Calculated over the trailing 1-year period	26.33%	45.14%	-18.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.40%	58.68%	-34.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.30%	58.69%	-34.39%