IWN vs. IWS
Compare and contrast key facts about iShares Russell 2000 Value ETF (IWN) and iShares Russell Midcap Value ETF (IWS).
IWN and IWS 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. IWS is a passively managed fund by iShares that tracks the performance of the Russell Midcap Value Index. It was launched on Jul 17, 2001. Both IWN and IWS 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 IWS.
Key characteristics
| IWN | IWS | |
|---|---|---|
| YTD Return | -1.22% | 3.29% |
| 1Y Return | 19.69% | 17.36% |
| 3Y Return (Ann) | -0.47% | 3.11% |
| 5Y Return (Ann) | 6.02% | 8.01% |
| 10Y Return (Ann) | 6.60% | 7.81% |
| Sharpe Ratio | 0.97 | 1.18 |
| Daily Std Dev | 20.45% | 14.12% |
| Max Drawdown | -61.55% | -62.40% |
| Current Drawdown | -8.95% | -4.46% |
Correlation
The correlation between IWN and IWS is 0.91, 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. IWS - Performance Comparison
In the year-to-date period, IWN achieves a -1.22% return, which is significantly lower than IWS's 3.29% return. Over the past 10 years, IWN has underperformed IWS with an annualized return of 6.60%, while IWS has yielded a comparatively higher 7.81% 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. IWS - Expense Ratio Comparison
Both IWN and IWS have an expense ratio of 0.24%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
IWN vs. IWS - 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 Value ETF (IWS). 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. IWS - Dividend Comparison
IWN's dividend yield for the trailing twelve months is around 1.98%, more than IWS's 1.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWN iShares Russell 2000 Value ETF | 1.98% | 2.04% | 2.12% | 1.48% | 1.60% | 1.92% | 1.99% | 1.78% | 1.74% | 2.15% | 1.88% | 1.77% |
IWS iShares Russell Midcap Value ETF | 1.62% | 1.76% | 1.93% | 1.39% | 1.87% | 1.97% | 2.53% | 1.96% | 2.10% | 2.14% | 1.84% | 1.71% |
Drawdowns
IWN vs. IWS - Drawdown Comparison
The maximum IWN drawdown since its inception was -61.55%, roughly equal to the maximum IWS drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for IWN and IWS. For additional features, visit the drawdowns tool.
Volatility
IWN vs. IWS - Volatility Comparison
iShares Russell 2000 Value ETF (IWN) has a higher volatility of 5.72% compared to iShares Russell Midcap Value ETF (IWS) at 3.95%. This indicates that IWN's price experiences larger fluctuations and is considered to be riskier than IWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.