IWML vs. IWMW
Compare and contrast key facts about ETRACS 2x Leveraged US Size Factor TR ETN (IWML) and iShares Russell 2000 BuyWrite ETF (IWMW).
IWML and IWMW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWML is a passively managed fund by UBS that tracks the performance of the Russell 2000 Index. It was launched on Feb 4, 2021. IWMW is a passively managed fund by iShares that tracks the performance of the Cboe FTSE Russell IWM 2% OTM BuyWrite Index - Benchmark TR Gross. It was launched on Mar 14, 2024. Both IWML and IWMW 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: IWML or IWMW.
Correlation
The correlation between IWML and IWMW is 0.89, 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
IWML vs. IWMW - Performance Comparison
Key characteristics
IWML:
-0.36
IWMW:
-0.19
IWML:
-0.22
IWMW:
-0.14
IWML:
0.97
IWMW:
0.98
IWML:
-0.30
IWMW:
-0.17
IWML:
-1.14
IWMW:
-0.73
IWML:
15.91%
IWMW:
5.19%
IWML:
49.77%
IWMW:
19.66%
IWML:
-60.06%
IWMW:
-21.82%
IWML:
-53.52%
IWMW:
-16.11%
Returns By Period
In the year-to-date period, IWML achieves a -33.86% return, which is significantly lower than IWMW's -11.44% return.
IWML
-33.86%
-22.16%
-37.04%
-16.09%
N/A
N/A
IWMW
-11.44%
-7.95%
-10.08%
-2.76%
N/A
N/A
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IWML vs. IWMW - Expense Ratio Comparison
IWML has a 0.95% expense ratio, which is higher than IWMW's 0.39% expense ratio.
Risk-Adjusted Performance
IWML vs. IWMW — Risk-Adjusted Performance Rank
IWML
IWMW
IWML vs. IWMW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged US Size Factor TR ETN (IWML) and iShares Russell 2000 BuyWrite ETF (IWMW). 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.
Dividends
IWML vs. IWMW - Dividend Comparison
IWML has not paid dividends to shareholders, while IWMW's dividend yield for the trailing twelve months is around 23.87%.
| TTM | 2024 | |
|---|---|---|
IWML ETRACS 2x Leveraged US Size Factor TR ETN | 0.00% | 0.00% |
IWMW iShares Russell 2000 BuyWrite ETF | 23.87% | 17.73% |
Drawdowns
IWML vs. IWMW - Drawdown Comparison
The maximum IWML drawdown since its inception was -60.06%, which is greater than IWMW's maximum drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for IWML and IWMW. For additional features, visit the drawdowns tool.
Volatility
IWML vs. IWMW - Volatility Comparison
ETRACS 2x Leveraged US Size Factor TR ETN (IWML) has a higher volatility of 31.81% compared to iShares Russell 2000 BuyWrite ETF (IWMW) at 13.81%. This indicates that IWML's price experiences larger fluctuations and is considered to be riskier than IWMW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.