IWM vs. CVX
IWM (iShares Russell 2000 ETF) is Small Cap Blend Equities fund tracking the Russell 2000 Index, while CVX (Chevron Corporation) is a stock. Over the past 10 years, IWM returned 11.27%/yr vs 10.94%/yr for CVX. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
IWM vs. CVX - Performance Comparison
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Returns By Period
In the year-to-date period, IWM achieves a 19.22% return, which is significantly lower than CVX's 25.18% return. Both investments have delivered pretty close results over the past 10 years, with IWM having a 11.27% annualized return and CVX not far behind at 10.94%.
IWM
- 1D
- 0.87%
- 1M
- 3.64%
- YTD
- 19.22%
- 6M
- 16.00%
- 1Y
- 39.16%
- 3Y*
- 17.23%
- 5Y*
- 6.07%
- 10Y*
- 11.27%
CVX
- 1D
- 0.75%
- 1M
- 1.58%
- YTD
- 25.18%
- 6M
- 27.20%
- 1Y
- 34.55%
- 3Y*
- 10.25%
- 5Y*
- 16.33%
- 10Y*
- 10.94%
IWM vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 19.22% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
CVX Chevron Corporation | 25.18% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
Correlation
The correlation between IWM and CVX is -0.05, 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 (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2001 | 0.51 |
The correlation between IWM and CVX shifts across timeframes, from -0.05 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWM vs. CVX — Risk / Return Rank
IWM
CVX
IWM vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 ETF (IWM) and Chevron Corporation (CVX). 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 | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.27 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 2.48 | +1.09 |
| Martin ratioReturn relative to average drawdown | 12.63 | 6.10 | +6.53 |
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Drawdowns
IWM vs. CVX - Drawdown Comparison
The maximum IWM drawdown since its inception was -59.05%, which is greater than CVX's maximum drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for IWM and CVX.
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Drawdown Indicators
| IWM | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -55.77% | -3.28% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -13.99% | +2.96% |
Max Drawdown (3Y)Largest decline over 3 years | -27.50% | -20.64% | -6.86% |
Max Drawdown (5Y)Largest decline over 5 years | -31.91% | -24.95% | -6.96% |
Max Drawdown (10Y)Largest decline over 10 years | -41.13% | -55.77% | +14.64% |
Current DrawdownCurrent decline from peak | 0.00% | -10.52% | +10.52% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -11.39% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 5.68% | -2.56% |
Volatility
IWM vs. CVX - Volatility Comparison
The current volatility for iShares Russell 2000 ETF (IWM) is 7.16%, while Chevron Corporation (CVX) has a volatility of 7.62%. This indicates that IWM experiences smaller price fluctuations and is considered to be less risky than CVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWM | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 7.62% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 14.29% | 17.86% | -3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.73% | 22.06% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.61% | 25.15% | -2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.08% | 29.16% | -6.08% |
Dividends
IWM vs. CVX - Dividend Comparison
IWM's dividend yield for the trailing twelve months is around 0.87%, less than CVX's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 3.73% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
IWM iShares Russell 2000 ETF | 0.87% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
IWM and CVX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVX has higher volatility (7.62%) compared to IWM (7.16%). In terms of maximum drawdown, IWM dropped -59.05% vs CVX's -55.77%.
IWM currently has the higher Sharpe Ratio (1.99 vs 1.57), 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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