IWN vs. IWR
Compare and contrast key facts about iShares Russell 2000 Value ETF (IWN) and iShares Russell Midcap ETF (IWR).
IWN and IWR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWN is a passively managed fund by iShares that tracks the performance of the Russell 2000 Value Index. It was launched on Jul 24, 2000. IWR is a passively managed fund by iShares that tracks the performance of the Russell Midcap Index. It was launched on Jul 17, 2001. Both IWN and IWR 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: IWN or IWR.
Key characteristics
| IWN | IWR | |
|---|---|---|
| YTD Return | 6.98% | 11.30% |
| 1Y Return | 18.20% | 20.48% |
| 3Y Return (Ann) | 3.22% | 3.80% |
| 5Y Return (Ann) | 8.08% | 10.32% |
| 10Y Return (Ann) | 7.33% | 9.44% |
| Sharpe Ratio | 0.94 | 1.51 |
| Daily Std Dev | 21.62% | 14.41% |
| Max Drawdown | -61.55% | -58.79% |
| Current Drawdown | -3.79% | -0.62% |
Correlation
The correlation between IWN and IWR 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
IWN vs. IWR - Performance Comparison
In the year-to-date period, IWN achieves a 6.98% return, which is significantly lower than IWR's 11.30% return. Over the past 10 years, IWN has underperformed IWR with an annualized return of 7.33%, while IWR has yielded a comparatively higher 9.44% annualized return. 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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IWN vs. IWR - Expense Ratio Comparison
IWN has a 0.24% expense ratio, which is higher than IWR's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IWN vs. IWR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 Value ETF (IWN) and iShares Russell Midcap ETF (IWR). 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
IWN vs. IWR - Dividend Comparison
IWN's dividend yield for the trailing twelve months is around 1.87%, more than IWR's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWN iShares Russell 2000 Value ETF | 1.87% | 2.04% | 2.12% | 1.48% | 1.60% | 1.92% | 1.99% | 1.78% | 1.74% | 2.15% | 1.88% | 1.77% |
IWR iShares Russell Midcap ETF | 1.27% | 1.43% | 1.59% | 1.04% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% | 1.45% | 1.31% |
Drawdowns
IWN vs. IWR - Drawdown Comparison
The maximum IWN drawdown since its inception was -61.55%, roughly equal to the maximum IWR drawdown of -58.79%. Use the drawdown chart below to compare losses from any high point for IWN and IWR. For additional features, visit the drawdowns tool.
Volatility
IWN vs. IWR - Volatility Comparison
iShares Russell 2000 Value ETF (IWN) has a higher volatility of 6.56% compared to iShares Russell Midcap ETF (IWR) at 3.91%. This indicates that IWN's price experiences larger fluctuations and is considered to be riskier than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.