IWP vs. IWS
Compare and contrast key facts about iShares Russell Midcap Growth ETF (IWP) and iShares Russell Midcap Value ETF (IWS).
IWP and IWS 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. IWS is a passively managed fund by iShares that tracks the performance of the Russell Midcap Value Index. It was launched on Jul 17, 2001. Both IWP and IWS 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 IWS.
Performance
IWP vs. IWS - Performance Comparison
Returns By Period
In the year-to-date period, IWP achieves a 23.08% return, which is significantly higher than IWS's 16.73% return. Over the past 10 years, IWP has outperformed IWS with an annualized return of 11.59%, while IWS has yielded a comparatively lower 8.40% annualized return.
IWP
23.08%
5.13%
14.66%
36.80%
12.17%
11.59%
IWS
16.73%
0.25%
8.68%
28.99%
9.84%
8.40%
Key characteristics
| IWP | IWS | |
|---|---|---|
| Sharpe Ratio | 2.37 | 2.15 |
| Sortino Ratio | 3.21 | 3.01 |
| Omega Ratio | 1.41 | 1.37 |
| Calmar Ratio | 1.60 | 2.44 |
| Martin Ratio | 12.40 | 12.59 |
| Ulcer Index | 2.92% | 2.24% |
| Daily Std Dev | 15.30% | 13.10% |
| Max Drawdown | -56.92% | -62.40% |
| Current Drawdown | -3.00% | -2.35% |
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IWP vs. IWS - Expense Ratio Comparison
Both IWP and IWS 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%.
Correlation
The correlation between IWP and IWS is 0.87, 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. IWS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap Growth ETF (IWP) and iShares Russell Midcap Value ETF (IWS). 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. IWS - Dividend Comparison
IWP's dividend yield for the trailing twelve months is around 0.42%, less than IWS's 1.45% 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% |
IWS iShares Russell Midcap Value ETF | 1.45% | 1.76% | 1.93% | 1.39% | 1.87% | 1.96% | 2.53% | 1.96% | 2.10% | 2.14% | 1.85% | 1.71% |
Drawdowns
IWP vs. IWS - Drawdown Comparison
The maximum IWP drawdown since its inception was -56.92%, smaller than the maximum IWS drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for IWP and IWS. For additional features, visit the drawdowns tool.
Volatility
IWP vs. IWS - Volatility Comparison
iShares Russell Midcap Growth ETF (IWP) has a higher volatility of 5.62% compared to iShares Russell Midcap Value ETF (IWS) at 3.97%. This indicates that IWP's price experiences larger fluctuations and is considered to be riskier than IWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.