IWP vs. IMCG
Compare and contrast key facts about iShares Russell Midcap Growth ETF (IWP) and iShares Morningstar Mid-Cap Growth ETF (IMCG).
IWP and IMCG 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. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004. Both IWP and IMCG 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 IMCG.
Performance
IWP vs. IMCG - Performance Comparison
Returns By Period
In the year-to-date period, IWP achieves a 23.08% return, which is significantly higher than IMCG's 19.66% return. Both investments have delivered pretty close results over the past 10 years, with IWP having a 11.59% annualized return and IMCG not far ahead at 12.08%.
IWP
23.08%
5.13%
14.66%
36.80%
12.17%
11.59%
IMCG
19.66%
2.73%
10.79%
32.48%
13.40%
12.08%
Key characteristics
| IWP | IMCG | |
|---|---|---|
| Sharpe Ratio | 2.37 | 2.24 |
| Sortino Ratio | 3.21 | 3.08 |
| Omega Ratio | 1.41 | 1.38 |
| Calmar Ratio | 1.60 | 1.43 |
| Martin Ratio | 12.40 | 11.63 |
| Ulcer Index | 2.92% | 2.73% |
| Daily Std Dev | 15.30% | 14.18% |
| Max Drawdown | -56.92% | -58.96% |
| Current Drawdown | -3.00% | -2.63% |
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IWP vs. IMCG - Expense Ratio Comparison
IWP has a 0.24% expense ratio, which is higher than IMCG's 0.06% 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 IWP and IMCG is 0.96, 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
IWP vs. IMCG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap Growth ETF (IWP) and iShares Morningstar Mid-Cap Growth ETF (IMCG). 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. IMCG - Dividend Comparison
IWP's dividend yield for the trailing twelve months is around 0.42%, less than IMCG's 0.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWP iShares Russell Midcap Growth ETF | 0.42% | 0.54% | 0.77% | 0.30% | 0.38% | 0.60% | 1.02% | 0.78% | 1.47% | 0.98% | 1.03% | 0.79% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.79% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% | 0.60% | 0.36% |
Drawdowns
IWP vs. IMCG - Drawdown Comparison
The maximum IWP drawdown since its inception was -56.92%, roughly equal to the maximum IMCG drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for IWP and IMCG. For additional features, visit the drawdowns tool.
Volatility
IWP vs. IMCG - Volatility Comparison
iShares Russell Midcap Growth ETF (IWP) has a higher volatility of 5.62% compared to iShares Morningstar Mid-Cap Growth ETF (IMCG) at 4.71%. This indicates that IWP's price experiences larger fluctuations and is considered to be riskier than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.