IWL vs. SPY
Compare and contrast key facts about iShares Russell Top 200 ETF (IWL) and SPDR S&P 500 ETF (SPY).
IWL and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWL is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Index. It was launched on Sep 22, 2009. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both IWL and SPY 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: IWL or SPY.
Performance
IWL vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, IWL achieves a 26.89% return, which is significantly higher than SPY's 25.41% return. Over the past 10 years, IWL has outperformed SPY with an annualized return of 13.85%, while SPY has yielded a comparatively lower 13.07% annualized return.
IWL
26.89%
1.15%
12.71%
32.81%
16.54%
13.85%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| IWL | SPY | |
|---|---|---|
| Sharpe Ratio | 2.55 | 2.62 |
| Sortino Ratio | 3.38 | 3.50 |
| Omega Ratio | 1.48 | 1.49 |
| Calmar Ratio | 3.61 | 3.78 |
| Martin Ratio | 16.50 | 17.00 |
| Ulcer Index | 1.98% | 1.87% |
| Daily Std Dev | 12.82% | 12.14% |
| Max Drawdown | -32.71% | -55.19% |
| Current Drawdown | -1.40% | -1.38% |
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IWL vs. SPY - Expense Ratio Comparison
IWL has a 0.15% expense ratio, which is higher than SPY's 0.09% 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%.
Correlation
The correlation between IWL and SPY is 0.93, 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
IWL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 ETF (IWL) and SPDR S&P 500 ETF (SPY). 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
IWL vs. SPY - Dividend Comparison
IWL's dividend yield for the trailing twelve months is around 1.05%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWL iShares Russell Top 200 ETF | 1.05% | 1.30% | 1.53% | 1.12% | 1.30% | 1.96% | 1.93% | 1.69% | 1.96% | 2.14% | 1.68% | 1.82% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
IWL vs. SPY - Drawdown Comparison
The maximum IWL drawdown since its inception was -32.71%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IWL and SPY. For additional features, visit the drawdowns tool.
Volatility
IWL vs. SPY - Volatility Comparison
iShares Russell Top 200 ETF (IWL) has a higher volatility of 4.40% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that IWL's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.