IWP vs. MSFT
IWP (iShares Russell Mid-Cap Growth ETF) is Mid Cap Growth Equities fund tracking the Russell Midcap Growth Index, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, IWP returned 12.47%/yr vs 24.39%/yr for MSFT. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
IWP vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, IWP achieves a 2.86% return, which is significantly higher than MSFT's -18.85% return. Over the past 10 years, IWP has underperformed MSFT with an annualized return of 12.47%, while MSFT has yielded a comparatively higher 24.39% annualized return.
IWP
- 1D
- 0.06%
- 1M
- 2.33%
- YTD
- 2.86%
- 6M
- 1.29%
- 1Y
- 5.92%
- 3Y*
- 14.57%
- 5Y*
- 5.82%
- 10Y*
- 12.47%
MSFT
- 1D
- 0.10%
- 1M
- -7.19%
- YTD
- -18.85%
- 6M
- -17.98%
- 1Y
- -17.07%
- 3Y*
- 6.16%
- 5Y*
- 9.56%
- 10Y*
- 24.39%
IWP vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWP iShares Russell Mid-Cap Growth ETF | 2.86% | 8.45% | 21.86% | 25.70% | -26.90% | 12.60% | 35.25% | 35.04% | -4.89% | 24.93% |
MSFT Microsoft Corporation | -18.85% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between IWP and MSFT is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2001 | 0.62 |
Over the past year, the correlation between IWP and MSFT has dropped to 0.37 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
IWP vs. MSFT — Risk / Return Rank
IWP
MSFT
IWP vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Growth ETF (IWP) and Microsoft Corporation (MSFT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IWP | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.89 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | -0.53 | +0.83 |
| Martin ratioReturn relative to average drawdown | 0.89 | -1.08 | +1.97 |
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Drawdowns
IWP vs. MSFT - Drawdown Comparison
The maximum IWP drawdown since its inception was -56.92%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for IWP and MSFT.
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Drawdown Indicators
| IWP | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.92% | -69.38% | +12.46% |
Max Drawdown (1Y)Largest decline over 1 year | -14.79% | -33.91% | +19.12% |
Max Drawdown (3Y)Largest decline over 3 years | -25.20% | -33.91% | +8.71% |
Max Drawdown (5Y)Largest decline over 5 years | -38.62% | -37.15% | -1.47% |
Max Drawdown (10Y)Largest decline over 10 years | -38.62% | -37.15% | -1.47% |
Current DrawdownCurrent decline from peak | -2.95% | -27.46% | +24.51% |
Average DrawdownAverage peak-to-trough decline | -9.68% | -21.78% | +12.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.10% | 16.48% | -11.38% |
Volatility
IWP vs. MSFT - Volatility Comparison
The current volatility for iShares Russell Mid-Cap Growth ETF (IWP) is 5.68%, while Microsoft Corporation (MSFT) has a volatility of 10.52%. This indicates that IWP experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWP | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 10.52% | -4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 22.31% | -8.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.03% | 25.42% | -8.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.37% | 26.66% | -4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.71% | 27.06% | -5.35% |
Dividends
IWP vs. MSFT - Dividend Comparison
IWP's dividend yield for the trailing twelve months is around 0.33%, less than MSFT's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWP iShares Russell Mid-Cap Growth ETF | 0.33% | 0.37% | 0.40% | 0.54% | 0.77% | 0.30% | 0.38% | 0.59% | 1.02% | 0.78% | 1.16% | 0.98% |
MSFT Microsoft Corporation | 0.91% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
IWP and MSFT have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (10.52%) compared to IWP (5.68%). In terms of maximum drawdown, IWP dropped -56.92% vs MSFT's -69.38%.
IWP currently has the higher Sharpe Ratio (0.27 vs -0.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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