IWMW vs. IWML
Compare and contrast key facts about iShares Russell 2000 BuyWrite ETF (IWMW) and ETRACS 2x Leveraged US Size Factor TR ETN (IWML).
IWMW and IWML 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. IWML is a passively managed fund by UBS that tracks the performance of the Russell 2000 Index. It was launched on Feb 4, 2021. Both IWMW and IWML 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 IWML.
Correlation
The correlation between IWMW and IWML is 0.90, 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. IWML - Performance Comparison
Key characteristics
IWMW:
13.96%
IWML:
41.16%
IWMW:
-8.35%
IWML:
-60.06%
IWMW:
-5.09%
IWML:
-30.35%
Returns By Period
In the year-to-date period, IWMW achieves a 0.19% return, which is significantly higher than IWML's -0.89% return.
IWMW
0.19%
-3.69%
5.10%
N/A
N/A
N/A
IWML
-0.89%
-10.37%
-5.86%
23.05%
N/A
N/A
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IWMW vs. IWML - Expense Ratio Comparison
IWMW has a 0.39% expense ratio, which is lower than IWML's 0.95% expense ratio.
Risk-Adjusted Performance
IWMW vs. IWML — Risk-Adjusted Performance Rank
IWMW
IWML
IWMW vs. IWML - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 BuyWrite ETF (IWMW) and ETRACS 2x Leveraged US Size Factor TR ETN (IWML). 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. IWML - Dividend Comparison
IWMW's dividend yield for the trailing twelve months is around 17.70%, while IWML has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
IWMW iShares Russell 2000 BuyWrite ETF | 17.70% | 17.73% |
IWML ETRACS 2x Leveraged US Size Factor TR ETN | 0.00% | 0.00% |
Drawdowns
IWMW vs. IWML - Drawdown Comparison
The maximum IWMW drawdown since its inception was -8.35%, smaller than the maximum IWML drawdown of -60.06%. Use the drawdown chart below to compare losses from any high point for IWMW and IWML. For additional features, visit the drawdowns tool.
Volatility
IWMW vs. IWML - Volatility Comparison
The current volatility for iShares Russell 2000 BuyWrite ETF (IWMW) is 5.37%, while ETRACS 2x Leveraged US Size Factor TR ETN (IWML) has a volatility of 13.52%. This indicates that IWMW experiences smaller price fluctuations and is considered to be less risky than IWML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.