IWD vs. IWR
Compare and contrast key facts about iShares Russell 1000 Value ETF (IWD) and iShares Russell Midcap ETF (IWR).
IWD and IWR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWD is a passively managed fund by iShares that tracks the performance of the Russell 1000 Value Index. It was launched on May 22, 2000. IWR is a passively managed fund by iShares that tracks the performance of the Russell Midcap Index. It was launched on Jul 17, 2001. Both IWD and IWR 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: IWD or IWR.
Key characteristics
| IWD | IWR | |
|---|---|---|
| YTD Return | 4.53% | 2.39% |
| 1Y Return | 13.91% | 15.45% |
| 3Y Return (Ann) | 5.24% | 2.04% |
| 5Y Return (Ann) | 8.70% | 8.91% |
| 10Y Return (Ann) | 8.40% | 9.32% |
| Sharpe Ratio | 1.23 | 1.09 |
| Daily Std Dev | 11.38% | 14.12% |
| Max Drawdown | -60.10% | -58.79% |
| Current Drawdown | -3.98% | -5.60% |
Correlation
The correlation between IWD and IWR is 0.91, 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
IWD vs. IWR - Performance Comparison
In the year-to-date period, IWD achieves a 4.53% return, which is significantly higher than IWR's 2.39% return. Over the past 10 years, IWD has underperformed IWR with an annualized return of 8.40%, while IWR has yielded a comparatively higher 9.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IWD vs. IWR - Expense Ratio Comparison
Both IWD and IWR have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
IWD vs. IWR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Value ETF (IWD) and iShares Russell Midcap ETF (IWR). 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
IWD vs. IWR - Dividend Comparison
IWD's dividend yield for the trailing twelve months is around 1.94%, more than IWR's 1.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWD iShares Russell 1000 Value ETF | 1.94% | 2.02% | 2.15% | 1.62% | 2.05% | 2.45% | 2.71% | 2.08% | 2.25% | 2.47% | 2.00% | 1.95% |
IWR iShares Russell Midcap ETF | 1.35% | 1.43% | 1.59% | 1.04% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% | 1.45% | 1.31% |
Drawdowns
IWD vs. IWR - Drawdown Comparison
The maximum IWD drawdown since its inception was -60.10%, roughly equal to the maximum IWR drawdown of -58.79%. Use the drawdown chart below to compare losses from any high point for IWD and IWR. For additional features, visit the drawdowns tool.
Volatility
IWD vs. IWR - Volatility Comparison
The current volatility for iShares Russell 1000 Value ETF (IWD) is 3.43%, while iShares Russell Midcap ETF (IWR) has a volatility of 3.77%. This indicates that IWD experiences smaller price fluctuations and is considered to be less risky than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.