IWMY vs. IWM
Compare and contrast key facts about Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and iShares Russell 2000 ETF (IWM).
IWMY and IWM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWMY is a passively managed fund by Defiance that tracks the performance of the Russell 2000 Index. It was launched on Oct 30, 2023. 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 IWMY 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.
Performance
IWMY vs. IWM - Performance Comparison
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IWMY vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | -0.96% | 10.18% | 5.56% | 9.74% |
IWM iShares Russell 2000 ETF | 1.56% | 12.66% | 11.38% | 22.44% |
Returns By Period
In the year-to-date period, IWMY achieves a -0.96% return, which is significantly lower than IWM's 1.56% return.
IWMY
- 1D
- 0.61%
- 1M
- -5.59%
- YTD
- -0.96%
- 6M
- -5.14%
- 1Y
- 12.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWM
- 1D
- 0.63%
- 1M
- -5.23%
- YTD
- 1.56%
- 6M
- 3.44%
- 1Y
- 26.43%
- 3Y*
- 13.18%
- 5Y*
- 3.47%
- 10Y*
- 9.83%
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IWMY vs. IWM - Expense Ratio Comparison
IWMY has a 0.99% expense ratio, which is higher than IWM's 0.19% expense ratio.
Return for Risk
IWMY vs. IWM — Risk / Return Rank
IWMY
IWM
IWMY vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) 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.
| IWMY | IWM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.68 | 1.15 | -0.47 |
Sortino ratioReturn per unit of downside risk | 0.95 | 1.70 | -0.75 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.22 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.93 | -0.95 |
Martin ratioReturn relative to average drawdown | 3.02 | 7.08 | -4.07 |
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
| IWMY | IWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 1.15 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.15 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.34 | +0.31 |
Correlation
The correlation between IWMY and IWM is 0.92, 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.
Dividends
IWMY vs. IWM - Dividend Comparison
IWMY's dividend yield for the trailing twelve months is around 57.52%, more than IWM's 1.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 57.52% | 63.33% | 107.92% | 11.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 1.02% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Drawdowns
IWMY vs. IWM - Drawdown Comparison
The maximum IWMY drawdown since its inception was -18.72%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for IWMY and IWM.
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Drawdown Indicators
| IWMY | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.72% | -59.05% | +40.33% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -13.74% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.13% | — |
Current DrawdownCurrent decline from peak | -7.98% | -7.33% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -10.83% | +7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 3.73% | +0.31% |
Volatility
IWMY vs. IWM - Volatility Comparison
Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and iShares Russell 2000 ETF (IWM) have volatilities of 7.26% and 7.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWMY | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 7.36% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 14.48% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.74% | 23.18% | -5.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.62% | 22.54% | -6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 22.99% | -7.37% |