IWM vs. SMCI
IWM (iShares Russell 2000 ETF) is Small Cap Blend Equities fund tracking the Russell 2000 Index, while SMCI (Super Micro Computer, Inc.) is a stock. Over the past 10 years, IWM returned 10.65%/yr vs 28.09%/yr for SMCI. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
IWM vs. SMCI - Performance Comparison
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Returns By Period
In the year-to-date period, IWM achieves a 19.24% return, which is significantly higher than SMCI's -18.59% return. Over the past 10 years, IWM has underperformed SMCI with an annualized return of 10.65%, while SMCI has yielded a comparatively higher 28.09% annualized return.
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%
SMCI
- 1D
- -1.45%
- 1M
- -22.28%
- 6M
- -26.99%
- YTD
- -18.59%
- 1Y
- -53.97%
- 3Y*
- -7.71%
- 5Y*
- 46.65%
- 10Y*
- 28.09%
- ALL TIME*
- 18.59%
IWM vs. SMCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 19.24% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
SMCI Super Micro Computer, Inc. | -18.59% | -3.97% | 7.23% | 246.24% | 86.80% | 38.82% | 31.81% | 74.06% | -34.07% | -25.38% |
Correlation
The correlation between IWM and SMCI is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2007 | 0.50 |
The correlation between IWM and SMCI has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
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Return for Risk
IWM vs. SMCI — Risk / Return Rank
IWM
SMCI
IWM vs. SMCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 ETF (IWM) and Super Micro Computer, Inc. (SMCI). 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 | SMCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.33 | ||
| Sortino ratioReturn per unit of downside risk | +3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.92 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | -0.82 | +3.81 |
| Martin ratioReturn relative to average drawdown | 10.54 | -1.27 | +11.81 |
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Drawdowns
IWM vs. SMCI - Drawdown Comparison
The maximum IWM drawdown since its inception was -59.05%, smaller than the maximum SMCI drawdown of -84.84%. Use the drawdown chart below to compare losses from any high point for IWM and SMCI.
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Drawdown Indicators
| IWM | SMCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -84.84% | +25.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -66.18% | +55.15% |
Max Drawdown (3Y)Largest decline over 3 years | -27.50% | -84.84% | +57.34% |
Max Drawdown (5Y)Largest decline over 5 years | -31.91% | -84.84% | +52.93% |
Max Drawdown (10Y)Largest decline over 10 years | -41.13% | -84.84% | +43.71% |
Current DrawdownCurrent decline from peak | -2.71% | -79.94% | +77.23% |
Average DrawdownAverage peak-to-trough decline | -10.72% | -32.20% | +21.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 42.59% | -39.47% |
Volatility
IWM vs. SMCI - Volatility Comparison
The current volatility for iShares Russell 2000 ETF (IWM) is 3.62%, while Super Micro Computer, Inc. (SMCI) has a volatility of 25.95%. This indicates that IWM experiences smaller price fluctuations and is considered to be less risky than SMCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWM | SMCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 25.95% | -22.33% |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | 79.52% | -65.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.38% | 87.18% | -67.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.49% | 87.36% | -64.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.00% | 71.08% | -48.08% |
Dividends
IWM vs. SMCI - Dividend Comparison
IWM's dividend yield for the trailing twelve months is around 0.91%, while SMCI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 0.91% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
SMCI Super Micro Computer, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWM and SMCI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCI has higher volatility (25.95%) compared to IWM (3.62%). In terms of maximum drawdown, IWM dropped -59.05% vs SMCI's -84.84%.
IWM currently has the higher Sharpe Ratio (1.71 vs -0.62), 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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