IWL vs. ABALX
IWL (iShares Russell Top 200 ETF) and ABALX (American Funds American Balanced Fund Class A) are both funds - IWL is a Large Cap Growth Equities fund tracking the Russell Top 200 Index, while ABALX is a Diversified Portfolio fund actively managed by American Funds. IWL is passively managed, while ABALX is actively managed. Over the past 10 years, IWL returned 15.89%/yr vs 9.71%/yr for ABALX. Their correlation of 0.89 means they have usually moved in the same direction. IWL charges 0.15%/yr vs 0.56%/yr for ABALX.
Performance
IWL vs. ABALX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IWL having a 8.65% return and ABALX slightly lower at 8.24%. Over the past 10 years, IWL has outperformed ABALX with an annualized return of 15.89%, while ABALX has yielded a comparatively lower 9.71% annualized return.
IWL
- 1D
- 0.87%
- 1M
- 0.06%
- 6M
- 7.61%
- YTD
- 8.65%
- 1Y
- 20.97%
- 3Y*
- 20.19%
- 5Y*
- 13.23%
- 10Y*
- 15.89%
- ALL TIME*
- 14.62%
ABALX
- 1D
- 1.10%
- 1M
- -0.96%
- 6M
- 5.45%
- YTD
- 8.24%
- 1Y
- 18.37%
- 3Y*
- 15.27%
- 5Y*
- 8.96%
- 10Y*
- 9.71%
- ALL TIME*
- 8.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $7.92M | $7.26M | $9.02M |
IWL vs. ABALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWL iShares Russell Top 200 ETF | 8.65% | 19.09% | 27.12% | 29.77% | -19.89% | 27.79% | 22.10% | 31.42% | -3.30% | 22.90% |
ABALX American Funds American Balanced Fund Class A | 8.24% | 18.45% | 14.63% | 13.65% | -12.13% | 15.75% | 10.85% | 18.60% | -3.35% | 14.69% |
Correlation
The correlation between IWL and ABALX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2009 | 0.89 |
The correlation between IWL and ABALX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
IWL vs. ABALX — Risk / Return Rank
IWL
ABALX
IWL vs. ABALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 ETF (IWL) and American Funds American Balanced Fund Class A (ABALX). 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.
| IWL | ABALX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.34 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.46 | -0.54 |
| Martin ratioReturn relative to average drawdown | 7.71 | 10.47 | -2.77 |
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Drawdowns
IWL vs. ABALX - Drawdown Comparison
The maximum IWL drawdown since its inception was -32.71%, smaller than the maximum ABALX drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for IWL and ABALX.
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Drawdown Indicators
| IWL | ABALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.71% | -40.20% | +7.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -7.03% | -2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -19.15% | -10.68% | -8.47% |
Max Drawdown (5Y)Largest decline over 5 years | -25.65% | -18.76% | -6.89% |
Max Drawdown (10Y)Largest decline over 10 years | -32.71% | -22.34% | -10.37% |
Current DrawdownCurrent decline from peak | -2.07% | -1.68% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -3.84% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 1.65% | +0.79% |
Volatility
IWL vs. ABALX - Volatility Comparison
iShares Russell Top 200 ETF (IWL) has a higher volatility of 4.00% compared to American Funds American Balanced Fund Class A (ABALX) at 2.36%. This indicates that IWL's price experiences larger fluctuations and is considered to be riskier than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWL | ABALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 2.36% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 10.53% | 7.39% | +3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.35% | 9.42% | +3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 10.60% | +6.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.12% | 10.70% | +7.42% |
IWL vs. ABALX - Expense Ratio Comparison
IWL has a 0.15% expense ratio, which is lower than ABALX's 0.56% expense ratio.
Dividends
IWL vs. ABALX - Dividend Comparison
IWL's dividend yield for the trailing twelve months is around 0.85%, less than ABALX's 7.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABALX American Funds American Balanced Fund Class A | 7.20% | 8.27% | 6.87% | 2.05% | 2.30% | 4.30% | 4.35% | 3.49% | 5.49% | 4.72% | 4.24% | 5.60% |
IWL iShares Russell Top 200 ETF | 0.85% | 0.90% | 1.04% | 1.30% | 1.54% | 1.12% | 1.30% | 1.96% | 1.93% | 1.69% | 1.96% | 2.14% |
Frequently Asked Questions
With a correlation of 0.90, IWL and ABALX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IWL has higher volatility (4.00%) compared to ABALX (2.36%). In terms of maximum drawdown, IWL dropped -32.71% vs ABALX's -40.20%.
ABALX currently has the higher Sharpe Ratio (1.83 vs 1.41), 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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