IWMW vs. IWM
Compare and contrast key facts about iShares Russell 2000 BuyWrite ETF (IWMW) and iShares Russell 2000 ETF (IWM).
IWMW and IWM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000. Both IWMW and IWM 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: IWMW or IWM.
Key characteristics
| IWMW | IWM | |
|---|---|---|
| Daily Std Dev | 13.96% | 21.49% |
| Max Drawdown | -8.36% | -59.05% |
| Current Drawdown | -1.03% | -4.14% |
Correlation
The correlation between IWMW and IWM is 0.88, 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
IWMW vs. IWM - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IWMW vs. IWM - Expense Ratio Comparison
IWMW has a 0.39% expense ratio, which is higher than IWM's 0.19% expense ratio.
Risk-Adjusted Performance
IWMW vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 BuyWrite ETF (IWMW) and iShares Russell 2000 ETF (IWM). 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.
Not enough dataDividends
IWMW vs. IWM - Dividend Comparison
IWMW's dividend yield for the trailing twelve months is around 8.66%, more than IWM's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWMW iShares Russell 2000 BuyWrite ETF | 8.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 1.18% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
IWMW vs. IWM - Drawdown Comparison
The maximum IWMW drawdown since its inception was -8.36%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for IWMW and IWM. For additional features, visit the drawdowns tool.
Volatility
IWMW vs. IWM - Volatility Comparison
The current volatility for iShares Russell 2000 BuyWrite ETF (IWMW) is 2.32%, while iShares Russell 2000 ETF (IWM) has a volatility of 6.42%. This indicates that IWMW experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.