IWC vs. IWX
Compare and contrast key facts about iShares Microcap ETF (IWC) and iShares Russell Top 200 Value ETF (IWX).
IWC and IWX 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. IWX is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Value Index. It was launched on Sep 22, 2009. Both IWC and IWX 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 IWX.
Performance
IWC vs. IWX - Performance Comparison
Returns By Period
In the year-to-date period, IWC achieves a 13.24% return, which is significantly lower than IWX's 19.57% return. Over the past 10 years, IWC has underperformed IWX with an annualized return of 7.19%, while IWX has yielded a comparatively higher 8.92% annualized return.
IWC
13.24%
2.85%
10.72%
32.58%
8.49%
7.19%
IWX
19.57%
0.44%
9.63%
26.47%
10.05%
8.92%
Key characteristics
| IWC | IWX | |
|---|---|---|
| Sharpe Ratio | 1.29 | 2.67 |
| Sortino Ratio | 1.92 | 3.83 |
| Omega Ratio | 1.23 | 1.49 |
| Calmar Ratio | 0.87 | 5.40 |
| Martin Ratio | 6.20 | 16.71 |
| Ulcer Index | 4.97% | 1.59% |
| Daily Std Dev | 23.86% | 9.95% |
| Max Drawdown | -64.61% | -35.76% |
| Current Drawdown | -14.41% | -1.24% |
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IWC vs. IWX - Expense Ratio Comparison
IWC has a 0.60% expense ratio, which is higher than IWX's 0.20% expense ratio.
Correlation
The correlation between IWC and IWX is 0.72, 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.
Risk-Adjusted Performance
IWC vs. IWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Microcap ETF (IWC) and iShares Russell Top 200 Value ETF (IWX). 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. IWX - Dividend Comparison
IWC's dividend yield for the trailing twelve months is around 1.06%, less than IWX's 1.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWC iShares Microcap ETF | 1.06% | 1.17% | 1.18% | 0.78% | 0.98% | 1.19% | 1.01% | 1.09% | 1.16% | 1.49% | 1.11% | 1.01% |
IWX iShares Russell Top 200 Value ETF | 1.80% | 2.13% | 2.07% | 1.79% | 2.12% | 2.60% | 2.66% | 2.12% | 2.23% | 2.77% | 2.19% | 1.89% |
Drawdowns
IWC vs. IWX - Drawdown Comparison
The maximum IWC drawdown since its inception was -64.61%, which is greater than IWX's maximum drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for IWC and IWX. For additional features, visit the drawdowns tool.
Volatility
IWC vs. IWX - Volatility Comparison
iShares Microcap ETF (IWC) has a higher volatility of 8.51% compared to iShares Russell Top 200 Value ETF (IWX) at 3.67%. This indicates that IWC's price experiences larger fluctuations and is considered to be riskier than IWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.