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IWC vs. WCEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWC vs. WCEO

Last updated Aug 2, 2026
Documentation

IWC (iShares Micro-Cap ETF) and WCEO (Hypatia Women CEO ETF) are both Small Cap Blend Equities funds. IWC is passively managed, while WCEO is actively managed. Over the past 3 years, IWC returned 19.06%/yr vs 12.79%/yr for WCEO. Their correlation of 0.86 means they have usually moved in the same direction. IWC charges 0.60%/yr vs 0.85%/yr for WCEO.

Performance

IWC vs. WCEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Micro-Cap ETF (IWC) and Hypatia Women CEO ETF (WCEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IWC achieves a 19.50% return, which is significantly higher than WCEO's 16.37% return.

IWC

1D
-0.70%
1M
-5.03%
6M
12.92%
YTD
19.50%
1Y
48.46%
3Y*
19.06%
5Y*
6.69%
10Y*
11.12%
ALL TIME*
7.67%

WCEO

1D
-0.59%
1M
-0.42%
6M
12.51%
YTD
16.37%
1Y
28.54%
3Y*
12.79%
5Y*
—
10Y*
—
ALL TIME*
12.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IWC

iShares Micro-Cap ETF
$9.94M$13.29M$20.50M

WCEO

Hypatia Women CEO ETF
$45.46K$44.28K$46.96K

IWC vs. WCEO - Yearly Performance Comparison

2026 (YTD)202520242023
IWC
iShares Micro-Cap ETF		19.50%22.45%13.63%7.56%
WCEO
Hypatia Women CEO ETF		16.37%9.77%8.28%10.51%

Correlation

The correlation between IWC and WCEO is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.77

Correlation (3Y)
Balances recent behavior with more history.

0.86

Correlation (All Time)
Calculated using the full available price history since Jan 9, 2023

0.86

The correlation between IWC and WCEO has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.

IWC vs. WCEO - Sectors Allocation Comparison

Sectors
IWC
WCEO

Healthcare

25.8%
12.0%

Financial Services

24.1%
18.4%

Industrials

12.3%
15.1%

Technology

12.3%
16.2%

Consumer Cyclical

7.7%
13.4%

Basic Materials

4.3%
4.2%

Real Estate

4.0%
6.5%

Energy

3.1%
4.5%

Communication Services

3.0%
3.3%

Consumer Defensive

2.4%
4.1%

Utilities

0.7%
1.9%

Healthcare

IWC
25.8%
WCEO
12.0%

Financial Services

IWC
24.1%
WCEO
18.4%

Industrials

IWC
12.3%
WCEO
15.1%

Technology

IWC
12.3%
WCEO
16.2%

Consumer Cyclical

IWC
7.7%
WCEO
13.4%

Basic Materials

IWC
4.3%
WCEO
4.2%

Real Estate

IWC
4.0%
WCEO
6.5%

Energy

IWC
3.1%
WCEO
4.5%

Communication Services

IWC
3.0%
WCEO
3.3%

Consumer Defensive

IWC
2.4%
WCEO
4.1%

Utilities

IWC
0.7%
WCEO
1.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Micro-Cap ETF

Hypatia Women CEO ETF

Often compared with IWC:
IWC vs. IWMIWC vs. FDMIWC vs. SPYIWC vs. IWXIWC vs. PVIVXIWC vs. VOOIWC vs. VT
Often compared with WCEO:
WCEO vs. VOOWCEO vs. SPYWCEO vs. IWMWCEO vs. XMLVWCEO vs. ALTYWCEO vs. DFMCWCEO vs. DES

Return for Risk

IWC vs. WCEO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IWC
IWC Risk / Return Rank: 8181
Overall Rank
IWC Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
IWC Sortino Ratio Rank: 7979
Sortino Ratio Rank
IWC Omega Ratio Rank: 7373
Omega Ratio Rank
IWC Calmar Ratio Rank: 8989
Calmar Ratio Rank
IWC Martin Ratio Rank: 8484
Martin Ratio Rank
WCEO
WCEO Risk / Return Rank: 8383
Overall Rank
WCEO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
WCEO Sortino Ratio Rank: 8484
Sortino Ratio Rank
WCEO Omega Ratio Rank: 7777
Omega Ratio Rank
WCEO Calmar Ratio Rank: 9090
Calmar Ratio Rank
WCEO Martin Ratio Rank: 8787
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IWC vs. WCEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Micro-Cap ETF (IWC) and Hypatia Women CEO ETF (WCEO). 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.

IWCWCEODifference
Sharpe ratioReturn per unit of total volatility
1.89
1.83

+0.06

Sortino ratioReturn per unit of downside risk
2.56
2.76

-0.21

Omega ratioGain probability vs. loss probability

1.30

1.32

-0.02

Calmar ratioReturn relative to maximum drawdown

3.67

3.89

-0.22

Martin ratioReturn relative to average drawdown

11.65

12.51

-0.86

IWC vs. WCEO - Sharpe Ratio Comparison

The current IWC Sharpe Ratio is 1.89, which is comparable to the WCEO Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of IWC and WCEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IWC vs. WCEO - Drawdown Comparison

The maximum IWC drawdown since its inception was -64.61%, which is greater than WCEO's maximum drawdown of -25.88%. Use the drawdown chart below to compare losses from any high point for IWC and WCEO.

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Drawdown Indicators

IWCWCEODifference

Max Drawdown

Largest peak-to-trough decline

-64.61%

-25.88%

-38.73%

Max Drawdown (1Y)

Largest decline over 1 year

-12.43%

-6.96%

-5.47%

Max Drawdown (3Y)

Largest decline over 3 years

-29.46%

-25.88%

-3.58%

Max Drawdown (5Y)

Largest decline over 5 years

-40.61%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-47.21%

—

—

Current Drawdown

Current decline from peak

-6.31%

-1.38%

-4.93%

Average Drawdown

Average peak-to-trough decline

-15.18%

-5.29%

-9.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.91%

2.16%

+1.75%

Volatility

IWC vs. WCEO - Volatility Comparison

iShares Micro-Cap ETF (IWC) has a higher volatility of 4.63% compared to Hypatia Women CEO ETF (WCEO) at 3.23%. This indicates that IWC's price experiences larger fluctuations and is considered to be riskier than WCEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWCWCEODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.63%

3.23%

+1.40%

Volatility (6M)

Calculated over the trailing 6-month period

18.22%

10.16%

+8.06%

Volatility (1Y)

Calculated over the trailing 1-year period

24.13%

14.81%

+9.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.46%

17.90%

+6.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.48%

17.90%

+6.58%

IWC vs. WCEO - Expense Ratio Comparison

IWC has a 0.60% expense ratio, which is lower than WCEO's 0.85% expense ratio.

Dividends

IWC vs. WCEO - Dividend Comparison

IWC's dividend yield for the trailing twelve months is around 1.01%, more than WCEO's 0.55% yield.

PositionTTM20252024202320222021202020192018201720162015
IWC
iShares Micro-Cap ETF		1.01%1.10%1.06%1.17%1.18%0.78%0.98%1.19%1.01%1.09%1.16%1.49%
WCEO
Hypatia Women CEO ETF		0.55%0.64%0.88%0.93%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IWC and WCEO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWC has higher volatility (4.63%) compared to WCEO (3.23%). In terms of maximum drawdown, IWC dropped -64.61% vs WCEO's -25.88%.

On 3-year performance, IWC leads with 19.06% vs 12.79% for WCEO. On fees, IWC is cheaper at 0.60% per year. On volatility, WCEO has been the lower-risk option at 3.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IWC has performed better with a 19.06% return vs 12.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWC is cheaper with a 0.60% expense ratio, compared with 0.85% for WCEO.

IWC has the higher dividend yield at 1.01%, compared with 0.55% for WCEO.

They also come from different issuers: iShares and Hypatia. Their fees differ too: 0.60% for IWC and 0.85% for WCEO.

IWC currently has the higher Sharpe Ratio (1.89 vs 1.83), 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.

Portfolio Optimizer

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