IWM vs. CL=F
IWM (iShares Russell 2000 ETF) is Small Cap Blend Equities fund tracking the Russell 2000 Index, while CL=F (Crude Oil WTI) is an asset. At a correlation of -0.02, they often move in opposite directions.
Performance
IWM vs. CL=F - Performance Comparison
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Returns By Period
IWM
- 1D
- -0.59%
- 1M
- -1.11%
- 6M
- 10.45%
- YTD
- 19.24%
- 1Y
- 32.84%
- 3Y*
- 15.91%
- 5Y*
- 6.97%
- 10Y*
- 10.65%
- ALL TIME*
- 8.76%
CL=F
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IWM vs. CL=F - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 19.24% | 12.66% | 11.38% | 16.83% | -9.41% |
CL=F Crude Oil WTI | 0.00% | 0.00% | 0.00% | 0.00% | 18.11% |
Correlation
The correlation between IWM and CL=F is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022 | -0.02 |
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Return for Risk
IWM vs. CL=F — Risk / Return Rank
IWM
CL=F
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWM vs. CL=F - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 ETF (IWM) and Crude Oil WTI (CL=F). 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.
| IWM | CL=F | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | — | — |
| Martin ratioReturn relative to average drawdown | 10.54 | — | — |
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Drawdowns
IWM vs. CL=F - Drawdown Comparison
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Drawdown Indicators
| IWM | CL=F | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -27.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.13% | — | — |
Current DrawdownCurrent decline from peak | -2.71% | — | — |
Average DrawdownAverage peak-to-trough decline | -10.72% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | — | — |
Volatility
IWM vs. CL=F - Volatility Comparison
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Volatility by Period
| IWM | CL=F | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.38% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.49% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.00% | — | — |
Frequently Asked Questions
IWM and CL=F have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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