IWC vs. CVSM
IWC (iShares Micro-Cap ETF) and CVSM (CresAlta Small & Mid-Cap ETF) are both Small Cap Blend Equities funds. IWC is passively managed, while CVSM is actively managed. At a 0.44 correlation, their price movements are largely independent. IWC charges 0.60%/yr vs 0.55%/yr for CVSM.
Performance
IWC vs. CVSM - Performance Comparison
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Returns By Period
IWC
- 1D
- -1.02%
- 1M
- 2.50%
- 6M
- 16.07%
- YTD
- 23.21%
- 1Y
- 48.46%
- 3Y*
- 21.80%
- 5Y*
- 7.27%
- 10Y*
- 11.37%
CVSM
- 1D
- 0.17%
- 1M
- -1.46%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWC vs. CVSM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IWC iShares Micro-Cap ETF | 6.63% |
CVSM CresAlta Small & Mid-Cap ETF | 3.14% |
Correlation
The correlation between IWC and CVSM is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 18, 2026 | 0.44 |
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Return for Risk
IWC vs. CVSM — Risk / Return Rank
IWC
CVSM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWC vs. CVSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Micro-Cap ETF (IWC) and CresAlta Small & Mid-Cap ETF (CVSM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IWC | CVSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | — | — |
| Martin ratioReturn relative to average drawdown | 12.71 | — | — |
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Drawdowns
IWC vs. CVSM - Drawdown Comparison
The maximum IWC drawdown since its inception was -64.61%, which is greater than CVSM's maximum drawdown of -3.36%. Use the drawdown chart below to compare losses from any high point for IWC and CVSM.
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Drawdown Indicators
| IWC | CVSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.61% | -3.36% | -61.25% |
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 | -40.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.21% | — | — |
Current DrawdownCurrent decline from peak | -3.40% | -1.46% | -1.94% |
Average DrawdownAverage peak-to-trough decline | -15.21% | -1.01% | -14.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | — | — |
Volatility
IWC vs. CVSM - Volatility Comparison
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Volatility by Period
| IWC | CVSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.27% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.27% | 11.19% | +13.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.53% | 11.19% | +13.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.47% | 11.19% | +13.28% |
IWC vs. CVSM - Expense Ratio Comparison
IWC has a 0.60% expense ratio, which is higher than CVSM's 0.55% expense ratio.
Dividends
IWC vs. CVSM - Dividend Comparison
IWC's dividend yield for the trailing twelve months is around 0.98%, more than CVSM's 0.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVSM CresAlta Small & Mid-Cap ETF | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWC iShares Micro-Cap ETF | 0.98% | 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 CVSM have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CVSM is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CVSM is cheaper with a 0.55% expense ratio, compared with 0.60% for IWC.
IWC has the higher dividend yield at 0.98%, compared with 0.23% for CVSM.
They also come from different issuers: iShares and CresAlta. Their fees differ too: 0.60% for IWC and 0.55% for CVSM.
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