IWO vs. IJR
Compare and contrast key facts about iShares Russell 2000 Growth ETF (IWO) and iShares Core S&P Small-Cap ETF (IJR).
IWO and IJR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWO is a passively managed fund by iShares that tracks the performance of the Russell 2000 Growth Index. It was launched on Jul 24, 2000. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000. Both IWO and IJR 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: IWO or IJR.
Key characteristics
| IWO | IJR | |
|---|---|---|
| YTD Return | 13.47% | 7.42% |
| 1Y Return | 31.78% | 23.74% |
| 3Y Return (Ann) | -3.72% | 0.03% |
| 5Y Return (Ann) | 7.90% | 8.90% |
| 10Y Return (Ann) | 8.37% | 9.09% |
| Sharpe Ratio | 1.66 | 1.37 |
| Sortino Ratio | 2.36 | 2.05 |
| Omega Ratio | 1.28 | 1.24 |
| Calmar Ratio | 0.97 | 1.22 |
| Martin Ratio | 8.80 | 7.67 |
| Ulcer Index | 4.03% | 3.54% |
| Daily Std Dev | 21.20% | 19.71% |
| Max Drawdown | -60.10% | -58.15% |
| Current Drawdown | -13.40% | -3.13% |
Correlation
The correlation between IWO and IJR is 0.94, 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
IWO vs. IJR - Performance Comparison
In the year-to-date period, IWO achieves a 13.47% return, which is significantly higher than IJR's 7.42% return. Over the past 10 years, IWO has underperformed IJR with an annualized return of 8.37%, while IJR has yielded a comparatively higher 9.09% 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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IWO vs. IJR - Expense Ratio Comparison
IWO has a 0.24% expense ratio, which is higher than IJR's 0.07% 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
IWO vs. IJR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 Growth ETF (IWO) and iShares Core S&P Small-Cap ETF (IJR). 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
IWO vs. IJR - Dividend Comparison
IWO's dividend yield for the trailing twelve months is around 0.64%, less than IJR's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWO iShares Russell 2000 Growth ETF | 0.64% | 0.73% | 0.75% | 0.32% | 0.44% | 0.71% | 0.76% | 0.73% | 0.97% | 0.89% | 0.73% | 0.72% |
IJR iShares Core S&P Small-Cap ETF | 1.31% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
Drawdowns
IWO vs. IJR - Drawdown Comparison
The maximum IWO drawdown since its inception was -60.10%, roughly equal to the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for IWO and IJR. For additional features, visit the drawdowns tool.
Volatility
IWO vs. IJR - Volatility Comparison
iShares Russell 2000 Growth ETF (IWO) has a higher volatility of 4.59% compared to iShares Core S&P Small-Cap ETF (IJR) at 4.23%. This indicates that IWO's price experiences larger fluctuations and is considered to be riskier than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.