IWC vs. SPY
Compare and contrast key facts about iShares Microcap ETF (IWC) and SPDR S&P 500 ETF (SPY).
IWC and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both IWC and SPY 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 SPY.
Correlation
The correlation between IWC and SPY is 0.79, 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. SPY - Performance Comparison
Key characteristics
IWC:
-0.54
SPY:
-0.09
IWC:
-0.63
SPY:
-0.02
IWC:
0.93
SPY:
1.00
IWC:
-0.41
SPY:
-0.09
IWC:
-1.82
SPY:
-0.45
IWC:
7.51%
SPY:
3.31%
IWC:
25.17%
SPY:
15.87%
IWC:
-64.61%
SPY:
-55.19%
IWC:
-33.50%
SPY:
-17.32%
Returns By Period
In the year-to-date period, IWC achieves a -22.56% return, which is significantly lower than SPY's -13.53% return. Over the past 10 years, IWC has underperformed SPY with an annualized return of 3.61%, while SPY has yielded a comparatively higher 11.25% annualized return.
IWC
-22.56%
-14.95%
-17.27%
-12.91%
11.87%
3.61%
SPY
-13.53%
-13.08%
-11.25%
-0.26%
17.01%
11.25%
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IWC vs. SPY - Expense Ratio Comparison
IWC has a 0.60% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
IWC vs. SPY — Risk-Adjusted Performance Rank
IWC
SPY
IWC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Microcap ETF (IWC) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
IWC's dividend yield for the trailing twelve months is around 1.39%, less than SPY's 1.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWC iShares Microcap ETF | 1.39% | 1.06% | 1.17% | 1.18% | 0.78% | 0.98% | 1.19% | 1.01% | 1.09% | 1.16% | 1.49% | 1.11% |
SPY SPDR S&P 500 ETF | 1.42% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
IWC vs. SPY - Drawdown Comparison
The maximum IWC drawdown since its inception was -64.61%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IWC and SPY. For additional features, visit the drawdowns tool.
Volatility
IWC vs. SPY - Volatility Comparison
iShares Microcap ETF (IWC) has a higher volatility of 10.42% compared to SPDR S&P 500 ETF (SPY) at 9.29%. This indicates that IWC's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.