IWN vs. SMIG
Compare and contrast key facts about iShares Russell 2000 Value ETF (IWN) and Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG).
IWN and SMIG 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. SMIG is an actively managed fund by Bahl & Gaynor. It was launched on Aug 25, 2021.
Performance
IWN vs. SMIG - Performance Comparison
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IWN vs. SMIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IWN iShares Russell 2000 Value ETF | 5.56% | 12.40% | 7.63% | 14.56% | -14.77% | 4.62% |
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 2.67% | 0.78% | 17.63% | 13.62% | -11.83% | 5.51% |
Returns By Period
In the year-to-date period, IWN achieves a 5.56% return, which is significantly higher than SMIG's 2.67% return.
IWN
- 1D
- 0.62%
- 1M
- -3.85%
- YTD
- 5.56%
- 6M
- 8.36%
- 1Y
- 28.61%
- 3Y*
- 13.77%
- 5Y*
- 5.38%
- 10Y*
- 9.47%
SMIG
- 1D
- 0.27%
- 1M
- -5.91%
- YTD
- 2.67%
- 6M
- 0.67%
- 1Y
- 4.18%
- 3Y*
- 10.28%
- 5Y*
- —
- 10Y*
- —
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IWN vs. SMIG - Expense Ratio Comparison
IWN has a 0.24% expense ratio, which is lower than SMIG's 0.60% expense ratio.
Return for Risk
IWN vs. SMIG — Risk / Return Rank
IWN
SMIG
IWN vs. SMIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 Value ETF (IWN) and Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG). 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.
| IWN | SMIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 0.26 | +1.06 |
Sortino ratioReturn per unit of downside risk | 1.91 | 0.49 | +1.42 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.06 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.07 | 0.43 | +1.65 |
Martin ratioReturn relative to average drawdown | 8.21 | 1.38 | +6.83 |
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
| IWN | SMIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 0.26 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.35 | +0.02 |
Correlation
The correlation between IWN and SMIG is 0.88, 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
IWN vs. SMIG - Dividend Comparison
IWN's dividend yield for the trailing twelve months is around 1.62%, less than SMIG's 1.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWN iShares Russell 2000 Value ETF | 1.62% | 1.70% | 1.80% | 2.04% | 2.12% | 1.48% | 1.60% | 1.92% | 1.99% | 1.78% | 1.74% | 2.15% |
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 1.85% | 1.82% | 1.75% | 1.91% | 2.00% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IWN vs. SMIG - Drawdown Comparison
The maximum IWN drawdown since its inception was -61.55%, which is greater than SMIG's maximum drawdown of -19.65%. Use the drawdown chart below to compare losses from any high point for IWN and SMIG.
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Drawdown Indicators
| IWN | SMIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.55% | -19.65% | -41.90% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -11.92% | -1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -26.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.08% | — | — |
Current DrawdownCurrent decline from peak | -4.81% | -6.76% | +1.95% |
Average DrawdownAverage peak-to-trough decline | -10.22% | -6.72% | -3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 3.69% | -0.21% |
Volatility
IWN vs. SMIG - Volatility Comparison
iShares Russell 2000 Value ETF (IWN) has a higher volatility of 6.16% compared to Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) at 4.01%. This indicates that IWN's price experiences larger fluctuations and is considered to be riskier than SMIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWN | SMIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.16% | 4.01% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 8.34% | +4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.78% | 15.98% | +5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.53% | 16.32% | +5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.37% | 16.32% | +7.05% |