IWP vs. AQMIX
Compare and contrast key facts about iShares Russell Mid-Cap Growth ETF (IWP) and AQR Managed Futures Strategy Fund (AQMIX).
IWP is a passively managed fund by iShares that tracks the performance of the Russell Midcap Growth Index. It was launched on Jul 17, 2001. AQMIX is managed by AQR Funds. It was launched on Jan 5, 2010.
Performance
IWP vs. AQMIX - Performance Comparison
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IWP vs. AQMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWP iShares Russell Mid-Cap Growth ETF | -5.91% | 8.45% | 21.86% | 25.70% | -26.90% | 12.60% | 35.25% | 35.04% | -4.89% | 24.93% |
AQMIX AQR Managed Futures Strategy Fund | 9.72% | 14.62% | 8.13% | 2.08% | 35.47% | -1.04% | -0.43% | 1.92% | -8.88% | -0.97% |
Returns By Period
In the year-to-date period, IWP achieves a -5.91% return, which is significantly lower than AQMIX's 9.72% return. Over the past 10 years, IWP has outperformed AQMIX with an annualized return of 11.47%, while AQMIX has yielded a comparatively lower 4.43% annualized return.
IWP
- 1D
- 0.52%
- 1M
- -5.80%
- YTD
- -5.91%
- 6M
- -9.13%
- 1Y
- 9.02%
- 3Y*
- 12.74%
- 5Y*
- 4.89%
- 10Y*
- 11.47%
AQMIX
- 1D
- -0.47%
- 1M
- 0.96%
- YTD
- 9.72%
- 6M
- 12.93%
- 1Y
- 20.27%
- 3Y*
- 13.32%
- 5Y*
- 12.58%
- 10Y*
- 4.43%
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IWP vs. AQMIX - Expense Ratio Comparison
IWP has a 0.23% expense ratio, which is lower than AQMIX's 1.25% expense ratio.
Return for Risk
IWP vs. AQMIX — Risk / Return Rank
IWP
AQMIX
IWP vs. AQMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Growth ETF (IWP) and AQR Managed Futures Strategy Fund (AQMIX). 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.
| IWP | AQMIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.39 | 2.16 | -1.76 |
Sortino ratioReturn per unit of downside risk | 0.73 | 2.71 | -1.98 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.40 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 3.92 | -3.24 |
Martin ratioReturn relative to average drawdown | 2.10 | 11.52 | -9.42 |
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
| IWP | AQMIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 2.16 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 1.10 | -0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.43 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.41 | 0.00 |
Correlation
The correlation between IWP and AQMIX is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IWP vs. AQMIX - Dividend Comparison
IWP's dividend yield for the trailing twelve months is around 0.36%, less than AQMIX's 2.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWP iShares Russell Mid-Cap Growth ETF | 0.36% | 0.37% | 0.40% | 0.54% | 0.77% | 0.30% | 0.38% | 0.59% | 1.02% | 0.78% | 1.16% | 0.98% |
AQMIX AQR Managed Futures Strategy Fund | 2.06% | 2.26% | 3.83% | 8.39% | 12.76% | 6.94% | 5.31% | 3.13% | 0.00% | 0.00% | 0.02% | 6.51% |
Drawdowns
IWP vs. AQMIX - Drawdown Comparison
The maximum IWP drawdown since its inception was -56.92%, which is greater than AQMIX's maximum drawdown of -26.52%. Use the drawdown chart below to compare losses from any high point for IWP and AQMIX.
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Drawdown Indicators
| IWP | AQMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.92% | -26.52% | -30.40% |
Max Drawdown (1Y)Largest decline over 1 year | -14.79% | -5.45% | -9.34% |
Max Drawdown (5Y)Largest decline over 5 years | -38.62% | -13.57% | -25.05% |
Max Drawdown (10Y)Largest decline over 10 years | -38.62% | -23.34% | -15.28% |
Current DrawdownCurrent decline from peak | -11.22% | -0.94% | -10.28% |
Average DrawdownAverage peak-to-trough decline | -9.71% | -10.10% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 1.85% | +2.91% |
Volatility
IWP vs. AQMIX - Volatility Comparison
iShares Russell Mid-Cap Growth ETF (IWP) has a higher volatility of 7.02% compared to AQR Managed Futures Strategy Fund (AQMIX) at 2.58%. This indicates that IWP's price experiences larger fluctuations and is considered to be riskier than AQMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWP | AQMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 2.58% | +4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 6.71% | +6.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.08% | 9.62% | +13.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.34% | 11.55% | +10.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.63% | 10.36% | +11.27% |