IWO vs. IWN
Compare and contrast key facts about iShares Russell 2000 Growth ETF (IWO) and iShares Russell 2000 Value ETF (IWN).
IWO and IWN 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. 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. Both IWO and IWN 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 IWN.
Key characteristics
| IWO | IWN | |
|---|---|---|
| YTD Return | 13.47% | 7.70% |
| 1Y Return | 31.78% | 23.68% |
| 3Y Return (Ann) | -3.72% | -0.17% |
| 5Y Return (Ann) | 7.90% | 7.86% |
| 10Y Return (Ann) | 8.37% | 7.18% |
| Sharpe Ratio | 1.66 | 1.28 |
| Sortino Ratio | 2.36 | 1.92 |
| Omega Ratio | 1.28 | 1.23 |
| Calmar Ratio | 0.97 | 1.15 |
| Martin Ratio | 8.80 | 6.65 |
| Ulcer Index | 4.03% | 4.06% |
| Daily Std Dev | 21.20% | 21.02% |
| Max Drawdown | -60.10% | -61.55% |
| Current Drawdown | -13.40% | -3.26% |
Correlation
The correlation between IWO and IWN 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
IWO vs. IWN - Performance Comparison
In the year-to-date period, IWO achieves a 13.47% return, which is significantly higher than IWN's 7.70% return. Over the past 10 years, IWO has outperformed IWN with an annualized return of 8.37%, while IWN has yielded a comparatively lower 7.18% 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. IWN - Expense Ratio Comparison
Both IWO and IWN 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
IWO vs. IWN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 Growth ETF (IWO) and iShares Russell 2000 Value ETF (IWN). 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. IWN - Dividend Comparison
IWO's dividend yield for the trailing twelve months is around 0.64%, less than IWN's 1.82% 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% |
IWN iShares Russell 2000 Value ETF | 1.82% | 2.04% | 2.12% | 1.48% | 1.60% | 1.92% | 1.99% | 1.78% | 1.74% | 2.15% | 1.88% | 1.77% |
Drawdowns
IWO vs. IWN - Drawdown Comparison
The maximum IWO drawdown since its inception was -60.10%, roughly equal to the maximum IWN drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for IWO and IWN. For additional features, visit the drawdowns tool.
Volatility
IWO vs. IWN - Volatility Comparison
iShares Russell 2000 Growth ETF (IWO) and iShares Russell 2000 Value ETF (IWN) have volatilities of 4.59% and 4.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.