IWC vs. JMCRX
IWC (iShares Micro-Cap ETF) and JMCRX (James Micro Cap Fund) are both funds - IWC is a Small Cap Blend Equities fund tracking the Russell Microcap Index, while JMCRX is a Small Cap Value Equities fund managed by James Advantage. Over the past 10 years, IWC returned 12.07%/yr vs 9.64%/yr for JMCRX. Their correlation of 0.88 suggests significant overlap in exposure. IWC charges 0.60%/yr vs 1.51%/yr for JMCRX.
Performance
IWC vs. JMCRX - Performance Comparison
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Returns By Period
In the year-to-date period, IWC achieves a 23.36% return, which is significantly higher than JMCRX's 18.52% return. Over the past 10 years, IWC has outperformed JMCRX with an annualized return of 12.07%, while JMCRX has yielded a comparatively lower 9.64% annualized return.
IWC
- 1D
- 0.82%
- 1M
- 4.00%
- YTD
- 23.36%
- 6M
- 19.51%
- 1Y
- 59.41%
- 3Y*
- 23.10%
- 5Y*
- 6.01%
- 10Y*
- 12.07%
JMCRX
- 1D
- 1.54%
- 1M
- 4.08%
- YTD
- 18.52%
- 6M
- 15.35%
- 1Y
- 34.06%
- 3Y*
- 16.01%
- 5Y*
- 9.88%
- 10Y*
- 9.64%
IWC vs. JMCRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWC iShares Micro-Cap ETF | 23.36% | 22.45% | 13.63% | 8.99% | -21.93% | 18.67% | 20.88% | 22.20% | -13.13% | 12.79% |
JMCRX James Micro Cap Fund | 18.52% | 4.37% | 5.95% | 31.72% | -17.33% | 36.27% | -4.21% | 30.55% | -16.62% | 2.88% |
Correlation
The correlation between IWC and JMCRX is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2010 | 0.88 |
The correlation between IWC and JMCRX has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
IWC vs. JMCRX — Risk / Return Rank
IWC
JMCRX
IWC vs. JMCRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Micro-Cap ETF (IWC) and James Micro Cap Fund (JMCRX). 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 | JMCRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.31 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 3.42 | +1.38 |
| Martin ratioReturn relative to average drawdown | 15.64 | 9.52 | +6.12 |
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Drawdowns
IWC vs. JMCRX - Drawdown Comparison
The maximum IWC drawdown since its inception was -64.61%, which is greater than JMCRX's maximum drawdown of -46.65%. Use the drawdown chart below to compare losses from any high point for IWC and JMCRX.
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Drawdown Indicators
| IWC | JMCRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.61% | -46.65% | -17.96% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -9.92% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -29.46% | -26.90% | -2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -40.61% | -26.90% | -13.71% |
Max Drawdown (10Y)Largest decline over 10 years | -47.21% | -46.65% | -0.56% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -15.25% | -7.40% | -7.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 3.56% | +0.25% |
Volatility
IWC vs. JMCRX - Volatility Comparison
iShares Micro-Cap ETF (IWC) has a higher volatility of 8.66% compared to James Micro Cap Fund (JMCRX) at 5.46%. This indicates that IWC's price experiences larger fluctuations and is considered to be riskier than JMCRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWC | JMCRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 5.46% | +3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 18.16% | 13.02% | +5.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.39% | 18.69% | +5.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.58% | 20.87% | +3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.52% | 21.69% | +2.83% |
IWC vs. JMCRX - Expense Ratio Comparison
IWC has a 0.60% expense ratio, which is lower than JMCRX's 1.51% expense ratio.
Dividends
IWC vs. JMCRX - Dividend Comparison
IWC's dividend yield for the trailing twelve months is around 0.98%, more than JMCRX's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
JMCRX James Micro Cap Fund | 0.86% | 1.02% | 1.43% | 0.63% | 9.14% | 3.84% | 0.53% | 6.35% | 6.71% | 7.80% | 0.00% | 0.09% |
Frequently Asked Questions
IWC and JMCRX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWC has higher volatility (8.66%) compared to JMCRX (5.46%). In terms of maximum drawdown, IWC dropped -64.61% vs JMCRX's -46.65%.
IWC currently has the higher Sharpe Ratio (2.45 vs 1.82), 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.
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