IWC vs. VO
Compare and contrast key facts about iShares Microcap ETF (IWC) and Vanguard Mid-Cap ETF (VO).
IWC and VO 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. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004. Both IWC and VO 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 VO.
Performance
IWC vs. VO - Performance Comparison
Returns By Period
In the year-to-date period, IWC achieves a 13.24% return, which is significantly lower than VO's 20.22% return. Over the past 10 years, IWC has underperformed VO with an annualized return of 7.19%, while VO has yielded a comparatively higher 10.10% annualized return.
IWC
13.24%
2.85%
10.72%
32.58%
8.49%
7.19%
VO
20.22%
2.64%
12.34%
30.97%
11.61%
10.10%
Key characteristics
| IWC | VO | |
|---|---|---|
| Sharpe Ratio | 1.29 | 2.50 |
| Sortino Ratio | 1.92 | 3.43 |
| Omega Ratio | 1.23 | 1.43 |
| Calmar Ratio | 0.87 | 2.02 |
| Martin Ratio | 6.20 | 14.94 |
| Ulcer Index | 4.97% | 2.06% |
| Daily Std Dev | 23.86% | 12.31% |
| Max Drawdown | -64.61% | -58.89% |
| Current Drawdown | -14.41% | -1.13% |
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IWC vs. VO - Expense Ratio Comparison
IWC has a 0.60% expense ratio, which is higher than VO's 0.04% expense ratio.
Correlation
The correlation between IWC and VO is 0.86, 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. VO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Microcap ETF (IWC) and Vanguard Mid-Cap ETF (VO). 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. VO - Dividend Comparison
IWC's dividend yield for the trailing twelve months is around 1.06%, less than VO's 1.46% 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% |
VO Vanguard Mid-Cap ETF | 1.46% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.18% |
Drawdowns
IWC vs. VO - Drawdown Comparison
The maximum IWC drawdown since its inception was -64.61%, which is greater than VO's maximum drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for IWC and VO. For additional features, visit the drawdowns tool.
Volatility
IWC vs. VO - Volatility Comparison
iShares Microcap ETF (IWC) has a higher volatility of 8.51% compared to Vanguard Mid-Cap ETF (VO) at 3.85%. This indicates that IWC's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.