IWL vs. EPS
IWL (iShares Russell Top 200 ETF) and EPS (WisdomTree U.S. LargeCap Fund) are both exchange-traded funds - IWL is a Large Cap Growth Equities fund tracking the Russell Top 200 Index, while EPS is a Large Cap Value Equities fund tracking the WisdomTree U.S. LargeCap Index. Both are passively managed. Over the past 10 years, IWL returned 15.89%/yr vs 14.64%/yr for EPS. Their correlation of 0.90 means they have usually moved in the same direction. IWL charges 0.15%/yr vs 0.08%/yr for EPS.
Performance
IWL vs. EPS - Performance Comparison
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Returns By Period
In the year-to-date period, IWL achieves a 8.65% return, which is significantly lower than EPS's 11.53% return. Over the past 10 years, IWL has outperformed EPS with an annualized return of 15.89%, while EPS has yielded a comparatively lower 14.64% 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%
EPS
- 1D
- 1.18%
- 1M
- 1.09%
- 6M
- 9.64%
- YTD
- 11.53%
- 1Y
- 23.66%
- 3Y*
- 19.17%
- 5Y*
- 12.56%
- 10Y*
- 14.64%
- ALL TIME*
- 10.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.74M | $3.20M | $3.84M | |
| $7.92M | $7.26M | $9.02M |
IWL vs. EPS - 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% |
EPS WisdomTree U.S. LargeCap Fund | 11.53% | 17.40% | 23.97% | 22.81% | -15.82% | 27.47% | 12.02% | 32.54% | -7.52% | 22.73% |
Correlation
The correlation between IWL and EPS is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2009 | 0.90 |
The correlation between IWL and EPS has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.
IWL vs. EPS - Sectors Allocation Comparison
Sectors
IWL
EPS
Technology
Financial Services
Communication Services
Healthcare
Consumer Cyclical
Industrials
Consumer Defensive
Energy
Utilities
Basic Materials
Real Estate
Technology
IWL
EPS
Financial Services
IWL
EPS
Communication Services
IWL
EPS
Healthcare
IWL
EPS
Consumer Cyclical
IWL
EPS
Industrials
IWL
EPS
Consumer Defensive
IWL
EPS
Energy
IWL
EPS
Utilities
IWL
EPS
Basic Materials
IWL
EPS
Real Estate
IWL
EPS
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Return for Risk
IWL vs. EPS — Risk / Return Rank
IWL
EPS
IWL vs. EPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 ETF (IWL) and WisdomTree U.S. LargeCap Fund (EPS). 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 | EPS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.32 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.57 | -0.66 |
| Martin ratioReturn relative to average drawdown | 7.71 | 11.10 | -3.40 |
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Drawdowns
IWL vs. EPS - Drawdown Comparison
The maximum IWL drawdown since its inception was -32.71%, smaller than the maximum EPS drawdown of -54.43%. Use the drawdown chart below to compare losses from any high point for IWL and EPS.
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Drawdown Indicators
| IWL | EPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.71% | -54.43% | +21.72% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -8.39% | -1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -19.15% | -17.65% | -1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -25.65% | -23.55% | -2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -32.71% | -35.79% | +3.08% |
Current DrawdownCurrent decline from peak | -2.07% | -0.70% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -7.61% | +3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 1.95% | +0.49% |
Volatility
IWL vs. EPS - Volatility Comparison
iShares Russell Top 200 ETF (IWL) has a higher volatility of 4.00% compared to WisdomTree U.S. LargeCap Fund (EPS) at 3.37%. This indicates that IWL's price experiences larger fluctuations and is considered to be riskier than EPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWL | EPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 3.37% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.53% | 9.75% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.35% | 12.24% | +1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 16.11% | +1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.12% | 17.64% | +0.48% |
IWL vs. EPS - Expense Ratio Comparison
IWL has a 0.15% expense ratio, which is higher than EPS's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IWL vs. EPS - Dividend Comparison
IWL's dividend yield for the trailing twelve months is around 0.85%, less than EPS's 1.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS WisdomTree U.S. LargeCap Fund | 1.14% | 1.26% | 1.47% | 1.73% | 1.95% | 1.51% | 1.85% | 1.70% | 2.02% | 1.59% | 1.99% | 2.15% |
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 0.97, IWL and EPS 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 EPS (3.37%). In terms of maximum drawdown, IWL dropped -32.71% vs EPS's -54.43%.
On 10-year performance, IWL leads with 15.89% vs 14.64% for EPS. On fees, EPS is cheaper at 0.08% per year. On volatility, EPS has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IWL has performed better with a 15.89% return vs 14.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EPS is cheaper with a 0.08% expense ratio, compared with 0.15% for IWL.
EPS has the higher dividend yield at 1.14%, compared with 0.85% for IWL.
IWL is categorized as Large Cap Growth Equities, while EPS is Large Cap Value Equities. IWL tracks Russell Top 200 Index, while EPS tracks WisdomTree U.S. LargeCap Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.15% for IWL and 0.08% for EPS.
EPS currently has the higher Sharpe Ratio (1.77 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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