IWM vs. TCEHY
IWM (iShares Russell 2000 ETF) is Small Cap Blend Equities fund tracking the Russell 2000 Index, while TCEHY (Tencent Holdings Limited) is a stock. Over the past 10 years, IWM returned 10.65%/yr vs 11.29%/yr for TCEHY. At a 0.38 correlation, their price movements are largely independent.
Performance
IWM vs. TCEHY - 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 TCEHY's -19.01% return. Over the past 10 years, IWM has underperformed TCEHY with an annualized return of 10.65%, while TCEHY has yielded a comparatively higher 11.29% 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%
TCEHY
- 1D
- 3.76%
- 1M
- 9.23%
- 6M
- -21.13%
- YTD
- -19.01%
- 1Y
- -6.11%
- 3Y*
- 14.37%
- 5Y*
- -0.25%
- 10Y*
- 11.29%
- ALL TIME*
- 24.53%
IWM vs. TCEHY - 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% |
TCEHY Tencent Holdings Limited | -19.01% | 45.23% | 41.92% | -5.48% | -24.97% | -18.69% | 50.09% | 21.93% | -23.83% | 115.30% |
Correlation
The correlation between IWM and TCEHY is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2008 | 0.38 |
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Return for Risk
IWM vs. TCEHY — Risk / Return Rank
IWM
TCEHY
IWM vs. TCEHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 ETF (IWM) and Tencent Holdings Limited (TCEHY). 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 | TCEHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.99 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | -0.16 | +3.15 |
| Martin ratioReturn relative to average drawdown | 10.54 | -0.30 | +10.85 |
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Drawdowns
IWM vs. TCEHY - Drawdown Comparison
The maximum IWM drawdown since its inception was -59.05%, smaller than the maximum TCEHY drawdown of -73.17%. Use the drawdown chart below to compare losses from any high point for IWM and TCEHY.
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Drawdown Indicators
| IWM | TCEHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -73.17% | +14.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -38.23% | +27.20% |
Max Drawdown (3Y)Largest decline over 3 years | -27.50% | -38.23% | +10.73% |
Max Drawdown (5Y)Largest decline over 5 years | -31.91% | -61.92% | +30.01% |
Max Drawdown (10Y)Largest decline over 10 years | -41.13% | -73.17% | +32.04% |
Current DrawdownCurrent decline from peak | -2.71% | -30.18% | +27.47% |
Average DrawdownAverage peak-to-trough decline | -10.72% | -19.80% | +9.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 20.29% | -17.17% |
Volatility
IWM vs. TCEHY - Volatility Comparison
The current volatility for iShares Russell 2000 ETF (IWM) is 3.62%, while Tencent Holdings Limited (TCEHY) has a volatility of 11.72%. This indicates that IWM experiences smaller price fluctuations and is considered to be less risky than TCEHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWM | TCEHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 11.72% | -8.10% |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | 26.28% | -12.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.38% | 32.93% | -13.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.49% | 43.34% | -20.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.00% | 38.94% | -15.94% |
Dividends
IWM vs. TCEHY - Dividend Comparison
IWM's dividend yield for the trailing twelve months is around 0.91%, less than TCEHY's 1.10% yield.
| 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% |
TCEHY Tencent Holdings Limited | 1.10% | 0.76% | 0.82% | 6.67% | 4.15% | 0.35% | 0.19% | 0.23% | 0.26% | 0.29% | 0.51% | 0.21% |
Frequently Asked Questions
IWM and TCEHY have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCEHY has higher volatility (11.72%) compared to IWM (3.62%). In terms of maximum drawdown, IWM dropped -59.05% vs TCEHY's -73.17%.
IWM currently has the higher Sharpe Ratio (1.71 vs -0.19), 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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