IWM vs. ^GSPC
Compare and contrast key facts about iShares Russell 2000 ETF (IWM) and S&P 500 (^GSPC).
IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWM or ^GSPC.
Key characteristics
| IWM | ^GSPC | |
|---|---|---|
| YTD Return | -1.86% | 5.84% |
| 1Y Return | 16.21% | 24.47% |
| 3Y Return (Ann) | -3.61% | 6.44% |
| 5Y Return (Ann) | 5.82% | 11.44% |
| 10Y Return (Ann) | 7.32% | 10.46% |
| Sharpe Ratio | 0.76 | 2.05 |
| Daily Std Dev | 19.76% | 11.72% |
| Max Drawdown | -59.05% | -56.78% |
| Current Drawdown | -16.14% | -3.92% |
Correlation
The correlation between IWM and ^GSPC 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. ^GSPC - Performance Comparison
In the year-to-date period, IWM achieves a -1.86% return, which is significantly lower than ^GSPC's 5.84% return. Over the past 10 years, IWM has underperformed ^GSPC with an annualized return of 7.32%, while ^GSPC has yielded a comparatively higher 10.46% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
IWM vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 ETF (IWM) and S&P 500 (^GSPC). 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.
Drawdowns
IWM vs. ^GSPC - Drawdown Comparison
The maximum IWM drawdown since its inception was -59.05%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for IWM and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
IWM vs. ^GSPC - Volatility Comparison
iShares Russell 2000 ETF (IWM) has a higher volatility of 5.53% compared to S&P 500 (^GSPC) at 3.60%. This indicates that IWM's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.