Correlation
The correlation between IWM and IWO is 0.85, 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.
IWM vs. IWO
Compare and contrast key facts about iShares Russell 2000 ETF (IWM) and iShares Russell 2000 Growth ETF (IWO).
IWM and IWO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000. IWO is a passively managed fund by iShares that tracks the performance of the Russell 2000 Growth Index. It was launched on Jul 24, 2000. Both IWM and IWO 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: IWM or IWO.
Performance
IWM vs. IWO - Performance Comparison
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Key characteristics
IWM:
0.13
IWO:
0.18
IWM:
0.27
IWO:
0.37
IWM:
1.03
IWO:
1.05
IWM:
0.05
IWO:
0.10
IWM:
0.15
IWO:
0.32
IWM:
9.88%
IWO:
10.07%
IWM:
24.48%
IWO:
25.93%
IWM:
-59.05%
IWO:
-60.10%
IWM:
-14.52%
IWO:
-17.28%
Returns By Period
In the year-to-date period, IWM achieves a -6.51% return, which is significantly lower than IWO's -5.78% return. Both investments have delivered pretty close results over the past 10 years, with IWM having a 6.59% annualized return and IWO not far ahead at 6.66%.
IWM
-6.51%
5.11%
-14.01%
3.14%
4.60%
9.58%
6.59%
IWO
-5.78%
6.18%
-13.07%
4.57%
7.43%
7.00%
6.66%
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IWM vs. IWO - Expense Ratio Comparison
IWM has a 0.19% expense ratio, which is lower than IWO's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IWM vs. IWO — Risk-Adjusted Performance Rank
IWM
IWO
IWM vs. IWO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 ETF (IWM) and iShares Russell 2000 Growth ETF (IWO). 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.
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Dividends
IWM vs. IWO - Dividend Comparison
IWM's dividend yield for the trailing twelve months is around 1.20%, more than IWO's 0.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 1.20% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% |
IWO iShares Russell 2000 Growth ETF | 0.87% | 0.80% | 0.73% | 0.75% | 0.32% | 0.44% | 0.71% | 0.76% | 0.73% | 0.97% | 0.89% | 0.73% |
Drawdowns
IWM vs. IWO - Drawdown Comparison
The maximum IWM drawdown since its inception was -59.05%, roughly equal to the maximum IWO drawdown of -60.10%. Use the drawdown chart below to compare losses from any high point for IWM and IWO.
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Volatility
IWM vs. IWO - Volatility Comparison
iShares Russell 2000 ETF (IWM) and iShares Russell 2000 Growth ETF (IWO) have volatilities of 6.47% and 6.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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