IWC vs. FDM
Compare and contrast key facts about iShares Microcap ETF (IWC) and First Trust Dow Jones Select MicroCap Index Fund (FDM).
IWC and FDM 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. FDM is a passively managed fund by First Trust that tracks the performance of the Dow Jones Select Microcap Index. It was launched on Sep 27, 2005. Both IWC and FDM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWC or FDM.
Correlation
The correlation between IWC and FDM is 0.76, 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.
Performance
IWC vs. FDM - Performance Comparison
Key characteristics
IWC:
0.00
FDM:
0.20
IWC:
0.20
FDM:
0.46
IWC:
1.02
FDM:
1.06
IWC:
0.00
FDM:
0.21
IWC:
0.01
FDM:
0.66
IWC:
9.33%
FDM:
7.50%
IWC:
27.01%
FDM:
24.55%
IWC:
-64.61%
FDM:
-63.45%
IWC:
-27.25%
FDM:
-15.73%
Returns By Period
In the year-to-date period, IWC achieves a -15.29% return, which is significantly lower than FDM's -9.99% return. Over the past 10 years, IWC has underperformed FDM with an annualized return of 4.50%, while FDM has yielded a comparatively higher 7.58% annualized return.
IWC
-15.29%
-5.97%
-11.15%
-1.15%
9.96%
4.50%
FDM
-9.99%
-4.33%
-4.17%
3.05%
15.43%
7.58%
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IWC vs. FDM - Expense Ratio Comparison
Both IWC and FDM have an expense ratio of 0.60%.
Risk-Adjusted Performance
IWC vs. FDM — Risk-Adjusted Performance Rank
IWC
FDM
IWC vs. FDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Microcap ETF (IWC) and First Trust Dow Jones Select MicroCap Index Fund (FDM). 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.
Dividends
IWC vs. FDM - Dividend Comparison
IWC's dividend yield for the trailing twelve months is around 1.27%, less than FDM's 2.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWC iShares Microcap ETF | 1.27% | 1.06% | 1.17% | 1.18% | 0.78% | 0.98% | 1.19% | 1.01% | 1.09% | 1.16% | 1.49% | 1.11% |
FDM First Trust Dow Jones Select MicroCap Index Fund | 2.10% | 1.56% | 1.81% | 1.81% | 1.08% | 1.68% | 1.37% | 1.26% | 0.97% | 1.13% | 1.45% | 0.75% |
Drawdowns
IWC vs. FDM - Drawdown Comparison
The maximum IWC drawdown since its inception was -64.61%, roughly equal to the maximum FDM drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for IWC and FDM. For additional features, visit the drawdowns tool.
Volatility
IWC vs. FDM - Volatility Comparison
iShares Microcap ETF (IWC) has a higher volatility of 14.02% compared to First Trust Dow Jones Select MicroCap Index Fund (FDM) at 12.30%. This indicates that IWC's price experiences larger fluctuations and is considered to be riskier than FDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.