IWM vs. KO
IWM (iShares Russell 2000 ETF) is Small Cap Blend Equities fund tracking the Russell 2000 Index, while KO (The Coca-Cola Company) is a stock. Over the past 10 years, IWM returned 11.27%/yr vs 9.55%/yr for KO. At a 0.34 correlation, their price movements are largely independent.
Performance
IWM vs. KO - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with IWM having a 19.22% return and KO slightly lower at 18.99%. Over the past 10 years, IWM has outperformed KO with an annualized return of 11.27%, while KO has yielded a comparatively lower 9.55% annualized return.
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%
KO
- 1D
- 0.11%
- 1M
- 2.94%
- YTD
- 18.99%
- 6M
- 17.96%
- 1Y
- 17.68%
- 3Y*
- 14.33%
- 5Y*
- 11.29%
- 10Y*
- 9.55%
IWM vs. KO - 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% |
KO The Coca-Cola Company | 18.99% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between IWM and KO is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 26, 2000 | 0.34 |
The correlation between IWM and KO shifts across timeframes, from -0.12 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWM vs. KO — Risk / Return Rank
IWM
KO
IWM vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 ETF (IWM) and The Coca-Cola Company (KO). 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 | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.19 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 2.26 | +1.31 |
| Martin ratioReturn relative to average drawdown | 12.63 | 4.51 | +8.12 |
Loading charts...
Drawdowns
IWM vs. KO - Drawdown Comparison
The maximum IWM drawdown since its inception was -59.05%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for IWM and KO.
Loading charts...
Drawdown Indicators
| IWM | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -68.23% | +9.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -7.87% | -3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -27.50% | -16.26% | -11.24% |
Max Drawdown (5Y)Largest decline over 5 years | -31.91% | -17.27% | -14.64% |
Max Drawdown (10Y)Largest decline over 10 years | -41.13% | -36.99% | -4.14% |
Current DrawdownCurrent decline from peak | 0.00% | -1.16% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -16.09% | +5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 3.98% | -0.86% |
Volatility
IWM vs. KO - Volatility Comparison
iShares Russell 2000 ETF (IWM) has a higher volatility of 7.16% compared to The Coca-Cola Company (KO) at 6.70%. This indicates that IWM's price experiences larger fluctuations and is considered to be riskier than KO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IWM | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 6.70% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 14.29% | 12.87% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.73% | 16.73% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.61% | 16.18% | +6.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.08% | 18.24% | +4.84% |
Dividends
IWM vs. KO - Dividend Comparison
IWM's dividend yield for the trailing twelve months is around 0.87%, less than KO's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
KO The Coca-Cola Company | 2.49% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
Frequently Asked Questions
IWM and KO have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWM has higher volatility (7.16%) compared to KO (6.70%). In terms of maximum drawdown, IWM dropped -59.05% vs KO's -68.23%.
IWM currently has the higher Sharpe Ratio (1.99 vs 1.06), 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.
Find the right allocation for IWM and KO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer