IWP vs. IJK
Compare and contrast key facts about iShares Russell Midcap Growth ETF (IWP) and iShares S&P MidCap 400 Growth ETF (IJK).
IWP and IJK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IJK is a passively managed fund by iShares that tracks the performance of the S&P MidCap 400/Citigroup Growth Index. It was launched on Jul 24, 2000. Both IWP and IJK 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: IWP or IJK.
Key characteristics
| IWP | IJK | |
|---|---|---|
| YTD Return | 4.44% | 10.00% |
| 1Y Return | 23.20% | 24.44% |
| 3Y Return (Ann) | 0.18% | 2.42% |
| 5Y Return (Ann) | 9.64% | 9.99% |
| 10Y Return (Ann) | 10.90% | 10.05% |
| Sharpe Ratio | 1.66 | 1.71 |
| Daily Std Dev | 14.86% | 15.27% |
| Max Drawdown | -56.92% | -54.47% |
| Current Drawdown | -10.23% | -4.66% |
Correlation
The correlation between IWP and IJK 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
IWP vs. IJK - Performance Comparison
In the year-to-date period, IWP achieves a 4.44% return, which is significantly lower than IJK's 10.00% return. Over the past 10 years, IWP has outperformed IJK with an annualized return of 10.90%, while IJK has yielded a comparatively lower 10.05% 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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IWP vs. IJK - Expense Ratio Comparison
Both IWP and IJK 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
IWP vs. IJK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap Growth ETF (IWP) and iShares S&P MidCap 400 Growth ETF (IJK). 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
IWP vs. IJK - Dividend Comparison
IWP's dividend yield for the trailing twelve months is around 0.49%, less than IJK's 0.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWP iShares Russell Midcap Growth ETF | 0.49% | 0.54% | 0.77% | 0.30% | 0.38% | 0.59% | 1.02% | 0.78% | 1.16% | 0.98% | 1.03% | 0.80% |
IJK iShares S&P MidCap 400 Growth ETF | 0.97% | 1.13% | 1.08% | 0.50% | 0.70% | 1.09% | 1.13% | 0.93% | 1.15% | 1.12% | 0.91% | 0.88% |
Drawdowns
IWP vs. IJK - Drawdown Comparison
The maximum IWP drawdown since its inception was -56.92%, roughly equal to the maximum IJK drawdown of -54.47%. Use the drawdown chart below to compare losses from any high point for IWP and IJK. For additional features, visit the drawdowns tool.
Volatility
IWP vs. IJK - Volatility Comparison
iShares Russell Midcap Growth ETF (IWP) has a higher volatility of 4.26% compared to iShares S&P MidCap 400 Growth ETF (IJK) at 3.89%. This indicates that IWP's price experiences larger fluctuations and is considered to be riskier than IJK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.