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IWO vs. JPSV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWO vs. JPSV

Last updated Aug 5, 2026
Documentation

IWO (iShares Russell 2000 Growth ETF) and JPSV (Jpmorgan Active Small Cap Value ETF) are both exchange-traded funds - IWO is a Small Cap Growth Equities fund tracking the Russell 2000 Growth Index, while JPSV is a Small Cap Value Equities fund actively managed by JPMorgan. IWO is passively managed, while JPSV is actively managed. Over the past 3 years, IWO returned 17.15%/yr vs 12.91%/yr for JPSV. Their 0.79 correlation means they have sometimes moved together and sometimes differently. IWO charges 0.24%/yr vs 0.74%/yr for JPSV.

Performance

IWO vs. JPSV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 2000 Growth ETF (IWO) and Jpmorgan Active Small Cap Value ETF (JPSV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IWO achieves a 20.41% return, which is significantly lower than JPSV's 23.36% return.

IWO

1D
2.68%
1M
0.41%
6M
14.89%
YTD
20.41%
1Y
33.81%
3Y*
17.15%
5Y*
5.77%
10Y*
10.96%
ALL TIME*
7.07%

JPSV

1D
0.98%
1M
4.03%
6M
17.04%
YTD
23.36%
1Y
29.45%
3Y*
12.91%
5Y*
—
10Y*
—
ALL TIME*
12.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IWO

iShares Russell 2000 Growth ETF
$179.14M$160.12M$166.50M

JPSV

Jpmorgan Active Small Cap Value ETF
$41.32K$34.04K$49.08K

IWO vs. JPSV - Yearly Performance Comparison

2026 (YTD)202520242023
IWO
iShares Russell 2000 Growth ETF		20.41%12.90%15.04%9.19%
JPSV
Jpmorgan Active Small Cap Value ETF		23.36%0.63%8.73%9.99%

Correlation

The correlation between IWO and JPSV is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.60

Correlation (3Y)
Balances recent behavior with more history.

0.77

Correlation (All Time)
Calculated using the full available price history since Mar 8, 2023

0.79

The correlation between IWO and JPSV shifts across timeframes, from 0.60 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

IWO vs. JPSV - Sectors Allocation Comparison

Sectors
IWO
JPSV

Healthcare

28.9%
7.3%

Technology

22.1%
9.9%

Industrials

15.9%
13.4%

Consumer Cyclical

8.2%
11.0%

Financial Services

8.0%
24.5%

Basic Materials

5.0%
4.1%

Energy

4.8%
6.0%

Real Estate

2.4%
9.4%

Consumer Defensive

2.3%
1.7%

Communication Services

1.9%
7.0%

Utilities

0.6%
5.7%

Healthcare

IWO
28.9%
JPSV
7.3%

Technology

IWO
22.1%
JPSV
9.9%

Industrials

IWO
15.9%
JPSV
13.4%

Consumer Cyclical

IWO
8.2%
JPSV
11.0%

Financial Services

IWO
8.0%
JPSV
24.5%

Basic Materials

IWO
5.0%
JPSV
4.1%

Energy

IWO
4.8%
JPSV
6.0%

Real Estate

IWO
2.4%
JPSV
9.4%

Consumer Defensive

IWO
2.3%
JPSV
1.7%

Communication Services

IWO
1.9%
JPSV
7.0%

Utilities

IWO
0.6%
JPSV
5.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Russell 2000 Growth ETF

Jpmorgan Active Small Cap Value ETF

Often compared with IWO:
IWO vs. IWMIWO vs. IWNIWO vs. QQQIWO vs. VTCLXIWO vs. VTWOIWO vs. SLYGIWO vs. IJR
Often compared with JPSV:
JPSV vs. AVUVJPSV vs. DWASJPSV vs. DFAIJPSV vs. VOOJPSV vs. ECMLJPSV vs. USSC.LJPSV vs. FESM

Return for Risk

IWO vs. JPSV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IWO
IWO Risk / Return Rank: 5555
Overall Rank
IWO Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
IWO Sortino Ratio Rank: 5555
Sortino Ratio Rank
IWO Omega Ratio Rank: 4949
Omega Ratio Rank
IWO Calmar Ratio Rank: 5757
Calmar Ratio Rank
IWO Martin Ratio Rank: 5959
Martin Ratio Rank
JPSV
JPSV Risk / Return Rank: 7777
Overall Rank
JPSV Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
JPSV Sortino Ratio Rank: 8383
Sortino Ratio Rank
JPSV Omega Ratio Rank: 7575
Omega Ratio Rank
JPSV Calmar Ratio Rank: 8080
Calmar Ratio Rank
JPSV Martin Ratio Rank: 6868
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IWO vs. JPSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 Growth ETF (IWO) and Jpmorgan Active Small Cap Value ETF (JPSV). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IWOJPSVDifference
Sharpe ratioReturn per unit of total volatility
1.52
1.97

-0.45

Sortino ratioReturn per unit of downside risk
2.15
3.01

-0.86

Omega ratioGain probability vs. loss probability

1.25

1.35

-0.10

Calmar ratioReturn relative to maximum drawdown

2.28

3.28

-0.99

Martin ratioReturn relative to average drawdown

7.84

9.31

-1.47

IWO vs. JPSV - Sharpe Ratio Comparison

The current IWO Sharpe Ratio is 1.52, which is comparable to the JPSV Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of IWO and JPSV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IWO vs. JPSV - Drawdown Comparison

The maximum IWO drawdown since its inception was -60.11%, which is greater than JPSV's maximum drawdown of -22.78%. Use the drawdown chart below to compare losses from any high point for IWO and JPSV.

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Drawdown Indicators

IWOJPSVDifference

Max Drawdown

Largest peak-to-trough decline

-60.11%

-22.78%

-37.33%

Max Drawdown (1Y)

Largest decline over 1 year

-14.87%

-9.02%

-5.85%

Max Drawdown (3Y)

Largest decline over 3 years

-28.57%

-22.78%

-5.79%

Max Drawdown (5Y)

Largest decline over 5 years

-40.51%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-42.02%

—

—

Current Drawdown

Current decline from peak

-1.42%

0.00%

-1.42%

Average Drawdown

Average peak-to-trough decline

-16.62%

-5.38%

-11.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.33%

3.17%

+1.16%

Volatility

IWO vs. JPSV - Volatility Comparison

iShares Russell 2000 Growth ETF (IWO) has a higher volatility of 6.69% compared to Jpmorgan Active Small Cap Value ETF (JPSV) at 3.97%. This indicates that IWO's price experiences larger fluctuations and is considered to be riskier than JPSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWOJPSVDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.69%

3.97%

+2.72%

Volatility (6M)

Calculated over the trailing 6-month period

17.25%

9.84%

+7.41%

Volatility (1Y)

Calculated over the trailing 1-year period

22.51%

15.07%

+7.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.67%

17.71%

+6.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.20%

17.71%

+6.49%

IWO vs. JPSV - Expense Ratio Comparison

IWO has a 0.24% expense ratio, which is lower than JPSV's 0.74% expense ratio.

Dividends

IWO vs. JPSV - Dividend Comparison

IWO's dividend yield for the trailing twelve months is around 0.42%, less than JPSV's 1.15% yield.

PositionTTM20252024202320222021202020192018201720162015
IWO
iShares Russell 2000 Growth ETF		0.42%0.56%0.80%0.73%0.73%0.32%0.44%0.71%0.76%0.73%0.97%0.89%
JPSV
Jpmorgan Active Small Cap Value ETF		1.15%1.42%1.21%1.09%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IWO and JPSV have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWO has higher volatility (6.69%) compared to JPSV (3.97%). In terms of maximum drawdown, IWO dropped -60.11% vs JPSV's -22.78%.

On 3-year performance, IWO leads with 17.15% vs 12.91% for JPSV. On fees, IWO is cheaper at 0.24% per year. On volatility, JPSV has been the lower-risk option at 3.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IWO has performed better with a 17.15% return vs 12.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWO is cheaper with a 0.24% expense ratio, compared with 0.74% for JPSV.

JPSV has the higher dividend yield at 1.15%, compared with 0.42% for IWO.

IWO is categorized as Small Cap Growth Equities, while JPSV is Small Cap Value Equities. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.24% for IWO and 0.74% for JPSV.

JPSV currently has the higher Sharpe Ratio (1.97 vs 1.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

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