IWM vs. GIB-A.TO
IWM (iShares Russell 2000 ETF) is Small Cap Blend Equities fund tracking the Russell 2000 Index, while GIB-A.TO (CGI Inc) is a stock. Over the past 10 years, IWM returned 10.54%/yr vs 3.71%/yr for GIB-A.TO. At a 0.34 correlation, their price movements are largely independent.
Performance
IWM vs. GIB-A.TO - Performance Comparison
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Different Trading Currencies
IWM is traded in USD, while GIB-A.TO is traded in CAD. To make them comparable, the GIB-A.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWM achieves a 14.62% return, which is significantly higher than GIB-A.TO's -26.84% return. Over the past 10 years, IWM has outperformed GIB-A.TO with an annualized return of 10.54%, while GIB-A.TO has yielded a comparatively lower 3.71% annualized return.
IWM
- 1D
- -3.55%
- 1M
- -0.89%
- YTD
- 14.62%
- 6M
- 12.89%
- 1Y
- 34.35%
- 3Y*
- 16.56%
- 5Y*
- 5.66%
- 10Y*
- 10.54%
GIB-A.TO
- 1D
- -0.07%
- 1M
- -1.06%
- YTD
- -26.84%
- 6M
- -25.99%
- 1Y
- -37.17%
- 3Y*
- -13.44%
- 5Y*
- -5.44%
- 10Y*
- 3.71%
IWM vs. GIB-A.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 14.62% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
GIB-A.TO CGI Inc | -26.84% | -15.16% | 2.25% | 24.59% | -1.87% | 10.81% | -4.81% | 35.74% | 12.77% | 13.69% |
Correlation
The correlation between IWM and GIB-A.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2006 | 0.34 |
The correlation between IWM and GIB-A.TO shifts across timeframes, from 0.18 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IWM vs. GIB-A.TO — Risk / Return Rank
IWM
GIB-A.TO
IWM vs. GIB-A.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 ETF (IWM) and CGI Inc (GIB-A.TO). 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.
| IWM | GIB-A.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.17 | ||
| Sortino ratioReturn per unit of downside risk | +4.35 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.76 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | -0.86 | +4.19 |
| Martin ratioReturn relative to average drawdown | 11.78 | -1.58 | +13.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWM | GIB-A.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | -1.30 | +3.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | -0.25 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.17 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.47 | -0.11 |
Drawdowns
IWM vs. GIB-A.TO - Drawdown Comparison
The maximum IWM drawdown since its inception was -59.05%, which is greater than GIB-A.TO's maximum drawdown of -48.62%. Use the drawdown chart below to compare losses from any high point for IWM and GIB-A.TO.
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Drawdown Indicators
| IWM | GIB-A.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -48.62% | -10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -42.91% | +31.88% |
Max Drawdown (3Y)Largest decline over 3 years | -27.50% | -48.62% | +21.12% |
Max Drawdown (5Y)Largest decline over 5 years | -31.91% | -48.62% | +16.71% |
Max Drawdown (10Y)Largest decline over 10 years | -41.13% | -48.62% | +7.49% |
Current DrawdownCurrent decline from peak | -3.55% | -44.05% | +40.50% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -9.70% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 23.40% | -20.29% |
Volatility
IWM vs. GIB-A.TO - Volatility Comparison
The current volatility for iShares Russell 2000 ETF (IWM) is 6.65%, while CGI Inc (GIB-A.TO) has a volatility of 10.50%. This indicates that IWM experiences smaller price fluctuations and is considered to be less risky than GIB-A.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWM | GIB-A.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.65% | 10.50% | -3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 14.00% | 24.92% | -10.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.54% | 28.49% | -8.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.58% | 22.29% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.06% | 22.20% | +0.86% |
Dividends
IWM vs. GIB-A.TO - Dividend Comparison
IWM's dividend yield for the trailing twelve months is around 0.90%, more than GIB-A.TO's 0.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIB-A.TO CGI Inc | 0.70% | 0.49% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 0.90% | 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 GIB-A.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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