IWMW vs. AGM
IWMW (iShares Russell 2000 BuyWrite ETF) is Derivative Income fund tracking the Cboe FTSE Russell IWM 2% OTM BuyWrite Index, while AGM (Federal Agricultural Mortgage Corporation) is a stock. Over the past year, IWMW returned 24.62% vs -3.78% for AGM. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
IWMW vs. AGM - Performance Comparison
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Returns By Period
In the year-to-date period, IWMW achieves a 8.49% return, which is significantly higher than AGM's 0.57% return.
IWMW
- 1D
- -0.34%
- 1M
- 3.04%
- YTD
- 8.49%
- 6M
- 8.94%
- 1Y
- 24.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AGM
- 1D
- -3.51%
- 1M
- 2.45%
- YTD
- 0.57%
- 6M
- 0.63%
- 1Y
- -3.78%
- 3Y*
- 10.81%
- 5Y*
- 15.40%
- 10Y*
- 21.01%
IWMW vs. AGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWMW iShares Russell 2000 BuyWrite ETF | 8.49% | 7.82% | 6.09% |
AGM Federal Agricultural Mortgage Corporation | 0.57% | -7.96% | 6.97% |
Correlation
The correlation between IWMW and AGM is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024 | 0.52 |
The correlation between IWMW and AGM shifts across timeframes, from 0.38 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWMW vs. AGM — Risk / Return Rank
IWMW
AGM
IWMW vs. AGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 BuyWrite ETF (IWMW) and Federal Agricultural Mortgage Corporation (AGM). 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.
| IWMW | AGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.13 | ||
| Sortino ratioReturn per unit of downside risk | +2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.01 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | -0.12 | +3.68 |
| Martin ratioReturn relative to average drawdown | 12.33 | -0.23 | +12.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWMW | AGM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | -0.12 | +2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.52 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.32 | +0.32 |
Drawdowns
IWMW vs. AGM - Drawdown Comparison
The maximum IWMW drawdown since its inception was -21.82%, smaller than the maximum AGM drawdown of -94.63%. Use the drawdown chart below to compare losses from any high point for IWMW and AGM.
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Drawdown Indicators
| IWMW | AGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.82% | -94.63% | +72.81% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -31.94% | +25.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.30% | — |
Current DrawdownCurrent decline from peak | -0.34% | -15.22% | +14.88% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -27.87% | +24.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 16.82% | -14.82% |
Volatility
IWMW vs. AGM - Volatility Comparison
The current volatility for iShares Russell 2000 BuyWrite ETF (IWMW) is 3.03%, while Federal Agricultural Mortgage Corporation (AGM) has a volatility of 9.34%. This indicates that IWMW experiences smaller price fluctuations and is considered to be less risky than AGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWMW | AGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 9.34% | -6.31% |
Volatility (6M)Calculated over the trailing 6-month period | 8.75% | 24.67% | -15.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.32% | 31.97% | -19.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 29.87% | -13.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 34.50% | -18.38% |
Dividends
IWMW vs. AGM - Dividend Comparison
IWMW's dividend yield for the trailing twelve months is around 22.40%, more than AGM's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGM Federal Agricultural Mortgage Corporation | 3.49% | 3.42% | 2.84% | 2.30% | 3.37% | 2.84% | 4.31% | 3.35% | 3.84% | 1.84% | 1.82% | 2.03% |
IWMW iShares Russell 2000 BuyWrite ETF | 22.40% | 20.98% | 17.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWMW and AGM have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGM has higher volatility (9.34%) compared to IWMW (3.03%). In terms of maximum drawdown, IWMW dropped -21.82% vs AGM's -94.63%.
IWMW currently has the higher Sharpe Ratio (2.01 vs -0.12), 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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