IWO vs. SLYG
Compare and contrast key facts about iShares Russell 2000 Growth ETF (IWO) and SPDR S&P 600 Small Cap Growth ETF (SLYG).
IWO and SLYG 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. SLYG is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Growth Index. It was launched on Sep 25, 2000. Both IWO and SLYG 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 SLYG.
Performance
IWO vs. SLYG - Performance Comparison
Returns By Period
In the year-to-date period, IWO achieves a 21.43% return, which is significantly higher than SLYG's 17.48% return. Over the past 10 years, IWO has underperformed SLYG with an annualized return of 8.91%, while SLYG has yielded a comparatively higher 10.41% annualized return.
IWO
21.43%
6.68%
17.15%
36.94%
9.08%
8.91%
SLYG
17.48%
6.32%
13.63%
31.59%
10.93%
10.41%
Key characteristics
| IWO | SLYG | |
|---|---|---|
| Sharpe Ratio | 1.77 | 1.68 |
| Sortino Ratio | 2.48 | 2.43 |
| Omega Ratio | 1.30 | 1.29 |
| Calmar Ratio | 1.17 | 1.56 |
| Martin Ratio | 9.27 | 9.94 |
| Ulcer Index | 4.09% | 3.26% |
| Daily Std Dev | 21.41% | 19.33% |
| Max Drawdown | -60.10% | -63.19% |
| Current Drawdown | -7.33% | -2.27% |
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IWO vs. SLYG - Expense Ratio Comparison
IWO has a 0.24% expense ratio, which is higher than SLYG's 0.15% 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 IWO and SLYG 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.
Risk-Adjusted Performance
IWO vs. SLYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 Growth ETF (IWO) and SPDR S&P 600 Small Cap Growth ETF (SLYG). 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. SLYG - Dividend Comparison
IWO's dividend yield for the trailing twelve months is around 0.60%, less than SLYG's 1.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWO iShares Russell 2000 Growth ETF | 0.60% | 0.73% | 0.75% | 0.32% | 0.44% | 0.71% | 0.76% | 0.73% | 0.97% | 0.89% | 0.73% | 0.72% |
SLYG SPDR S&P 600 Small Cap Growth ETF | 1.03% | 1.18% | 1.18% | 0.68% | 0.71% | 1.08% | 1.06% | 4.74% | 1.13% | 5.75% | 4.42% | 0.62% |
Drawdowns
IWO vs. SLYG - Drawdown Comparison
The maximum IWO drawdown since its inception was -60.10%, roughly equal to the maximum SLYG drawdown of -63.19%. Use the drawdown chart below to compare losses from any high point for IWO and SLYG. For additional features, visit the drawdowns tool.
Volatility
IWO vs. SLYG - Volatility Comparison
iShares Russell 2000 Growth ETF (IWO) and SPDR S&P 600 Small Cap Growth ETF (SLYG) have volatilities of 7.55% and 7.45%, 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.