IWC vs. XSD
Compare and contrast key facts about iShares Microcap ETF (IWC) and SPDR S&P Semiconductor ETF (XSD).
IWC and XSD 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. XSD is a passively managed fund by State Street that tracks the performance of the S&P Semiconductor Select Industry. It was launched on Jan 31, 2006. Both IWC and XSD 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 XSD.
Performance
IWC vs. XSD - Performance Comparison
Returns By Period
In the year-to-date period, IWC achieves a 17.97% return, which is significantly higher than XSD's 7.41% return. Over the past 10 years, IWC has underperformed XSD with an annualized return of 7.48%, while XSD has yielded a comparatively higher 21.20% annualized return.
IWC
17.97%
8.75%
16.36%
37.17%
9.37%
7.48%
XSD
7.41%
0.42%
-1.83%
21.82%
20.54%
21.20%
Key characteristics
| IWC | XSD | |
|---|---|---|
| Sharpe Ratio | 1.55 | 0.64 |
| Sortino Ratio | 2.24 | 1.06 |
| Omega Ratio | 1.26 | 1.13 |
| Calmar Ratio | 1.06 | 0.82 |
| Martin Ratio | 7.46 | 2.21 |
| Ulcer Index | 4.98% | 9.88% |
| Daily Std Dev | 23.97% | 34.04% |
| Max Drawdown | -64.61% | -64.56% |
| Current Drawdown | -10.84% | -11.95% |
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IWC vs. XSD - Expense Ratio Comparison
IWC has a 0.60% expense ratio, which is higher than XSD's 0.35% expense ratio.
Correlation
The correlation between IWC and XSD is 0.71, 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. XSD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Microcap ETF (IWC) and SPDR S&P Semiconductor ETF (XSD). 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. XSD - Dividend Comparison
IWC's dividend yield for the trailing twelve months is around 1.02%, more than XSD's 0.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWC iShares Microcap ETF | 1.02% | 1.17% | 1.18% | 0.78% | 0.98% | 1.19% | 1.01% | 1.09% | 1.16% | 1.49% | 1.11% | 1.01% |
XSD SPDR S&P Semiconductor ETF | 0.24% | 0.31% | 0.44% | 0.10% | 0.26% | 0.51% | 1.16% | 0.59% | 0.64% | 0.58% | 0.46% | 0.52% |
Drawdowns
IWC vs. XSD - Drawdown Comparison
The maximum IWC drawdown since its inception was -64.61%, roughly equal to the maximum XSD drawdown of -64.56%. Use the drawdown chart below to compare losses from any high point for IWC and XSD. For additional features, visit the drawdowns tool.
Volatility
IWC vs. XSD - Volatility Comparison
The current volatility for iShares Microcap ETF (IWC) is 8.77%, while SPDR S&P Semiconductor ETF (XSD) has a volatility of 11.28%. This indicates that IWC experiences smaller price fluctuations and is considered to be less risky than XSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.