IWC vs. BRSIX
IWC (iShares Micro-Cap ETF) and BRSIX (Bridgeway Ultra Small Company Market Fund) are both funds - IWC is a Small Cap Blend Equities fund tracking the Russell Microcap Index, while BRSIX is a Small Cap Value Equities fund managed by Bridgeway. Over the past 10 years, IWC returned 11.35%/yr vs 8.46%/yr for BRSIX. Their correlation of 0.95 suggests significant overlap in exposure. IWC charges 0.60%/yr vs 0.78%/yr for BRSIX.
Performance
IWC vs. BRSIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IWC achieves a 18.97% return, which is significantly lower than BRSIX's 20.12% return. Over the past 10 years, IWC has outperformed BRSIX with an annualized return of 11.35%, while BRSIX has yielded a comparatively lower 8.46% annualized return.
IWC
- 1D
- -2.09%
- 1M
- 2.88%
- YTD
- 18.97%
- 6M
- 18.63%
- 1Y
- 55.24%
- 3Y*
- 21.73%
- 5Y*
- 5.45%
- 10Y*
- 11.35%
BRSIX
- 1D
- -0.22%
- 1M
- 5.49%
- YTD
- 20.12%
- 6M
- 22.37%
- 1Y
- 59.70%
- 3Y*
- 21.61%
- 5Y*
- 0.11%
- 10Y*
- 8.46%
IWC vs. BRSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWC iShares Micro-Cap ETF | 18.97% | 22.45% | 13.63% | 8.99% | -21.93% | 18.67% | 20.88% | 22.20% | -13.13% | 12.79% |
BRSIX Bridgeway Ultra Small Company Market Fund | 20.12% | 20.09% | 14.92% | 11.46% | -23.43% | -1.93% | 25.50% | 15.34% | -17.23% | 12.29% |
Correlation
The correlation between IWC and BRSIX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2005 | 0.95 |
The correlation between IWC and BRSIX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWC vs. BRSIX — Risk / Return Rank
IWC
BRSIX
IWC vs. BRSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Micro-Cap ETF (IWC) and Bridgeway Ultra Small Company Market Fund (BRSIX). 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 | BRSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.42 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.47 | 5.56 | -1.09 |
| Martin ratioReturn relative to average drawdown | 14.76 | 17.10 | -2.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IWC | BRSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 2.72 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.00 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.35 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.44 | -0.13 |
Drawdowns
IWC vs. BRSIX - Drawdown Comparison
The maximum IWC drawdown since its inception was -64.61%, roughly equal to the maximum BRSIX drawdown of -61.79%. Use the drawdown chart below to compare losses from any high point for IWC and BRSIX.
Loading charts...
Drawdown Indicators
| IWC | BRSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.61% | -61.79% | -2.82% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -11.46% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -29.46% | -30.80% | +1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -40.68% | -53.66% | +12.98% |
Max Drawdown (10Y)Largest decline over 10 years | -47.21% | -54.09% | +6.88% |
Current DrawdownCurrent decline from peak | -2.90% | -2.45% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -15.28% | -15.64% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 3.71% | +0.04% |
Volatility
IWC vs. BRSIX - Volatility Comparison
iShares Micro-Cap ETF (IWC) has a higher volatility of 7.29% compared to Bridgeway Ultra Small Company Market Fund (BRSIX) at 5.37%. This indicates that IWC's price experiences larger fluctuations and is considered to be riskier than BRSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IWC | BRSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 5.37% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 17.26% | 15.32% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.63% | 23.42% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.42% | 24.42% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.42% | 24.11% | +0.31% |
IWC vs. BRSIX - Expense Ratio Comparison
IWC has a 0.60% expense ratio, which is lower than BRSIX's 0.78% expense ratio.
Dividends
IWC vs. BRSIX - Dividend Comparison
IWC's dividend yield for the trailing twelve months is around 0.91%, more than BRSIX's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRSIX Bridgeway Ultra Small Company Market Fund | 0.86% | 1.03% | 0.62% | 0.89% | 2.12% | 1.32% | 3.46% | 1.30% | 16.12% | 13.71% | 8.25% | 12.77% |
IWC iShares Micro-Cap ETF | 0.91% | 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
With a correlation of 0.92, IWC and BRSIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IWC has higher volatility (7.29%) compared to BRSIX (5.37%). In terms of maximum drawdown, IWC dropped -64.61% vs BRSIX's -61.79%.
BRSIX currently has the higher Sharpe Ratio (2.72 vs 2.36), 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.
Find the right allocation for IWC and BRSIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer