IWD vs. SMRI
IWD (iShares Russell 1000 Value ETF) and SMRI (Bushido Capital US Equity ETF) are both Large Cap Value Equities funds. IWD is passively managed, while SMRI is actively managed. Over the past year, IWD returned 32.78% vs 40.59% for SMRI. Their correlation of 0.83 means they have usually moved in the same direction. IWD charges 0.18%/yr vs 0.71%/yr for SMRI.
Performance
IWD vs. SMRI - Performance Comparison
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Returns By Period
In the year-to-date period, IWD achieves a 20.56% return, which is significantly lower than SMRI's 23.03% return.
IWD
- 1D
- 0.44%
- 1M
- 2.03%
- 6M
- 15.34%
- YTD
- 20.56%
- 1Y
- 32.78%
- 3Y*
- 17.82%
- 5Y*
- 11.62%
- 10Y*
- 11.56%
- ALL TIME*
- 8.29%
SMRI
- 1D
- 0.38%
- 1M
- 5.51%
- 6M
- 23.61%
- YTD
- 23.03%
- 1Y
- 40.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 22.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $542.34M | $454.50M | $526.80M | |
| $770.42K | $508.81K | $403.01K |
IWD vs. SMRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IWD iShares Russell 1000 Value ETF | 20.56% | 15.68% | 14.17% | 6.06% |
SMRI Bushido Capital US Equity ETF | 23.03% | 17.41% | 19.16% | 5.27% |
Correlation
The correlation between IWD and SMRI is 0.73, 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. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.83 |
The correlation between IWD and SMRI has been stable across timeframes, ranging from 0.73 to 0.83 - a consistent structural relationship.
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Return for Risk
IWD vs. SMRI — Risk / Return Rank
IWD
SMRI
IWD vs. SMRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Value ETF (IWD) and Bushido Capital US Equity ETF (SMRI). 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.
| IWD | SMRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.47 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.58 | 5.75 | -1.17 |
| Martin ratioReturn relative to average drawdown | 19.60 | 16.88 | +2.72 |
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Drawdowns
IWD vs. SMRI - Drawdown Comparison
The maximum IWD drawdown since its inception was -60.10%, which is greater than SMRI's maximum drawdown of -18.45%. Use the drawdown chart below to compare losses from any high point for IWD and SMRI.
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Drawdown Indicators
| IWD | SMRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.10% | -18.45% | -41.65% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | -6.80% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -15.71% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.51% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -0.51% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -8.60% | -2.72% | -5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.32% | -0.73% |
Volatility
IWD vs. SMRI - Volatility Comparison
The current volatility for iShares Russell 1000 Value ETF (IWD) is 2.86%, while Bushido Capital US Equity ETF (SMRI) has a volatility of 3.61%. This indicates that IWD experiences smaller price fluctuations and is considered to be less risky than SMRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWD | SMRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 3.61% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 8.65% | 11.80% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.35% | 15.09% | -3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 15.84% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.25% | 15.84% | +1.41% |
IWD vs. SMRI - Expense Ratio Comparison
IWD has a 0.18% expense ratio, which is lower than SMRI's 0.71% expense ratio.
Dividends
IWD vs. SMRI - Dividend Comparison
IWD's dividend yield for the trailing twelve months is around 1.39%, more than SMRI's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWD iShares Russell 1000 Value ETF | 1.39% | 1.69% | 1.87% | 2.02% | 2.15% | 1.62% | 2.05% | 2.45% | 2.71% | 2.09% | 2.25% | 2.47% |
SMRI Bushido Capital US Equity ETF | 0.86% | 1.32% | 0.98% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWD and SMRI have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMRI has higher volatility (3.61%) compared to IWD (2.86%). In terms of maximum drawdown, IWD dropped -60.10% vs SMRI's -18.45%.
On 1-year performance, SMRI leads with 40.59% vs 32.78% for IWD. On fees, IWD is cheaper at 0.18% per year. On volatility, IWD has been the lower-risk option at 2.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SMRI has performed better with a 40.59% return vs 32.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWD is cheaper with a 0.18% expense ratio, compared with 0.71% for SMRI.
IWD has the higher dividend yield at 1.39%, compared with 0.86% for SMRI.
They also come from different issuers: iShares and Bushido. Their fees differ too: 0.18% for IWD and 0.71% for SMRI.
IWD currently has the higher Sharpe Ratio (2.75 vs 2.64), 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.
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