IWM vs. SPY
Compare and contrast key facts about iShares Russell 2000 ETF (IWM) and SPDR S&P 500 ETF (SPY).
IWM and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both IWM and SPY 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 SPY.
Correlation
The correlation between IWM and SPY is 0.86, 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.
Performance
IWM vs. SPY - Performance Comparison
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Key characteristics
IWM:
0.02
SPY:
0.64
IWM:
0.34
SPY:
1.16
IWM:
1.04
SPY:
1.17
IWM:
0.10
SPY:
0.79
IWM:
0.30
SPY:
3.04
IWM:
9.54%
SPY:
4.87%
IWM:
24.28%
SPY:
20.29%
IWM:
-59.05%
SPY:
-55.19%
IWM:
-13.69%
SPY:
-3.38%
Returns By Period
In the year-to-date period, IWM achieves a -5.60% return, which is significantly lower than SPY's 1.05% return. Over the past 10 years, IWM has underperformed SPY with an annualized return of 6.64%, while SPY has yielded a comparatively higher 12.69% annualized return.
IWM
-5.60%
11.44%
-9.80%
0.51%
12.16%
6.64%
SPY
1.05%
9.83%
0.15%
12.87%
17.33%
12.69%
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IWM vs. SPY - Expense Ratio Comparison
IWM has a 0.19% expense ratio, which is higher than SPY's 0.09% expense ratio. However, 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. SPY — Risk-Adjusted Performance Rank
IWM
SPY
IWM vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 ETF (IWM) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
IWM's dividend yield for the trailing twelve months is around 1.19%, less than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 1.19% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
IWM vs. SPY - Drawdown Comparison
The maximum IWM drawdown since its inception was -59.05%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IWM and SPY. For additional features, visit the drawdowns tool.
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Volatility
IWM vs. SPY - Volatility Comparison
iShares Russell 2000 ETF (IWM) and SPDR S&P 500 ETF (SPY) have volatilities of 6.30% and 6.19%, 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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