IWN vs. IWX
Compare and contrast key facts about iShares Russell 2000 Value ETF (IWN) and iShares Russell Top 200 Value ETF (IWX).
IWN and IWX 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. IWX is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Value Index. It was launched on Sep 22, 2009. Both IWN and IWX 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 IWX.
Performance
IWN vs. IWX - Performance Comparison
Returns By Period
In the year-to-date period, IWN achieves a 13.21% return, which is significantly lower than IWX's 19.79% return. Over the past 10 years, IWN has underperformed IWX with an annualized return of 7.78%, while IWX has yielded a comparatively higher 8.99% annualized return.
IWN
13.21%
1.90%
10.40%
27.83%
9.09%
7.78%
IWX
19.79%
-0.11%
9.16%
27.29%
10.13%
8.99%
Key characteristics
| IWN | IWX | |
|---|---|---|
| Sharpe Ratio | 1.40 | 2.79 |
| Sortino Ratio | 2.09 | 3.98 |
| Omega Ratio | 1.25 | 1.51 |
| Calmar Ratio | 1.55 | 5.63 |
| Martin Ratio | 7.34 | 17.47 |
| Ulcer Index | 4.06% | 1.58% |
| Daily Std Dev | 21.22% | 9.95% |
| Max Drawdown | -61.55% | -35.76% |
| Current Drawdown | -4.00% | -1.06% |
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IWN vs. IWX - Expense Ratio Comparison
IWN has a 0.24% expense ratio, which is higher than IWX's 0.20% 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%.
Correlation
The correlation between IWN and IWX is 0.81, 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.
Risk-Adjusted Performance
IWN vs. IWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 Value ETF (IWN) and iShares Russell Top 200 Value ETF (IWX). 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. IWX - Dividend Comparison
IWN's dividend yield for the trailing twelve months is around 1.73%, less than IWX's 1.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWN iShares Russell 2000 Value ETF | 1.73% | 2.04% | 2.12% | 1.48% | 1.60% | 1.92% | 1.99% | 1.78% | 1.74% | 2.15% | 1.88% | 1.77% |
IWX iShares Russell Top 200 Value ETF | 1.79% | 2.13% | 2.07% | 1.79% | 2.12% | 2.60% | 2.66% | 2.12% | 2.23% | 2.77% | 2.19% | 1.89% |
Drawdowns
IWN vs. IWX - Drawdown Comparison
The maximum IWN drawdown since its inception was -61.55%, which is greater than IWX's maximum drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for IWN and IWX. For additional features, visit the drawdowns tool.
Volatility
IWN vs. IWX - Volatility Comparison
iShares Russell 2000 Value ETF (IWN) has a higher volatility of 8.03% compared to iShares Russell Top 200 Value ETF (IWX) at 3.70%. This indicates that IWN's price experiences larger fluctuations and is considered to be riskier than IWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.