IWP vs. PTIR

Last updated Jul 17, 2026

IWP (iShares Russell Mid-Cap Growth ETF) and PTIR (GraniteShares 2x Long PLTR Daily ETF) are both exchange-traded funds - IWP is a Mid Cap Growth Equities fund tracking the Russell Midcap Growth Index, while PTIR is a Leveraged Equities fund tracking the Palantir Technologies Inc. (200%). Both are passively managed. Over the past year, IWP returned 0.30% vs -45.06% for PTIR. A 0.57 correlation means they provide meaningful diversification when combined. IWP charges 0.23%/yr vs 1.04%/yr for PTIR.

Performance

IWP vs. PTIR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell Mid-Cap Growth ETF (IWP) and GraniteShares 2x Long PLTR Daily ETF (PTIR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWP achieves a 1.20% return, which is significantly higher than PTIR's -53.98% return.

IWP

• 1D: -1.40%
• 1M: -2.63%
• 6M: -2.11%
• YTD: 1.20%
• 1Y: 0.30%
• 3Y*: 11.98%
• 5Y*: 5.20%
• 10Y*: 11.79%

PTIR

• 1D: 0.99%
• 1M: -1.36%
• 6M: -53.13%
• YTD: -53.98%
• 1Y: -45.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWP vs. PTIR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IWP iShares Russell Mid-Cap Growth ETF	1.20%	8.45%	14.65%
PTIR GraniteShares 2x Long PLTR Daily ETF	-53.98%	221.36%	425.36%

Correlation

The correlation between IWP and PTIR is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024	0.57

The correlation between IWP and PTIR shifts across timeframes, from 0.42 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.

IWP vs. PTIR - Sectors Allocation Comparison

Sectors	IWP	PTIR
Technology	33.5%	100.0%
Industrials	21.7%	-
Healthcare	13.0%	-
Consumer Cyclical	12.8%	-
Energy	4.0%	-
Financial Services	3.6%	-
Communication Services	3.4%	-
Utilities	2.5%	-
Real Estate	2.2%	-
Basic Materials	1.7%	-
Consumer Defensive	1.4%	-

Return for Risk

IWP vs. PTIR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWP

IWP Risk / Return Rank: 9
IWP Sharpe Ratio Rank: 10
IWP Sortino Ratio Rank: 9
IWP Omega Ratio Rank: 9
IWP Calmar Ratio Rank: 10
IWP Martin Ratio Rank: 10

PTIR

PTIR Risk / Return Rank: 6
PTIR Sharpe Ratio Rank: 6
PTIR Sortino Ratio Rank: 7
PTIR Omega Ratio Rank: 7
PTIR Calmar Ratio Rank: 5
PTIR Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWP vs. PTIR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Growth ETF (IWP) and GraniteShares 2x Long PLTR Daily ETF (PTIR). 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	PTIR	Difference
Sharpe ratio: Return per unit of total volatility	0.02	-0.44	+0.46
Sortino ratio: Return per unit of downside risk	0.15	-0.09	+0.24
Omega ratio: Gain probability vs. loss probability	1.02	0.99	+0.03
Calmar ratio: Return relative to maximum drawdown	0.02	-0.57	+0.59
Martin ratio: Return relative to average drawdown	0.06	-0.98	+1.03

IWP vs. PTIR - Sharpe Ratio Comparison

The current IWP Sharpe Ratio is 0.02, which is higher than the PTIR Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of IWP and PTIR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IWP vs. PTIR - Drawdown Comparison

The maximum IWP drawdown since its inception was -56.92%, smaller than the maximum PTIR drawdown of -79.40%. Use the drawdown chart below to compare losses from any high point for IWP and PTIR.

Drawdown Indicators

	IWP	PTIR	Difference
Max Drawdown Largest peak-to-trough decline	-56.92%	-79.40%	+22.48%
Max Drawdown (1Y) Largest decline over 1 year	-14.79%	-79.40%	+64.61%
Max Drawdown (3Y) Largest decline over 3 years	-25.20%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.62%	—	—
Current Drawdown Current decline from peak	-5.49%	-68.29%	+62.80%
Average Drawdown Average peak-to-trough decline	-9.65%	-30.09%	+20.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.16%	46.17%	-41.01%

Volatility

IWP vs. PTIR - Volatility Comparison

The current volatility for iShares Russell Mid-Cap Growth ETF (IWP) is 5.15%, while GraniteShares 2x Long PLTR Daily ETF (PTIR) has a volatility of 31.47%. This indicates that IWP experiences smaller price fluctuations and is considered to be less risky than PTIR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWP	PTIR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.15%	31.47%	-26.32%
Volatility (6M) Calculated over the trailing 6-month period	13.78%	79.66%	-65.88%
Volatility (1Y) Calculated over the trailing 1-year period	17.33%	102.55%	-85.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.46%	127.96%	-105.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.69%	127.96%	-106.27%

IWP vs. PTIR - Expense Ratio Comparison

IWP has a 0.23% expense ratio, which is lower than PTIR's 1.04% expense ratio.

Dividends

IWP vs. PTIR - Dividend Comparison

IWP's dividend yield for the trailing twelve months is around 0.36%, less than PTIR's 12.63% yield.

Position	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%
PTIR GraniteShares 2x Long PLTR Daily ETF	12.63%	5.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IWP and PTIR in my portfolio?

IWP and PTIR have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IWP or PTIR?

PTIR has higher volatility (31.47%) compared to IWP (5.15%). In terms of maximum drawdown, IWP dropped -56.92% vs PTIR's -79.40%.

Which ETF is better, IWP or PTIR?

On 1-year performance, IWP leads with 0.30% vs -45.06% for PTIR. On fees, IWP is cheaper at 0.23% per year. On volatility, IWP has been the lower-risk option at 5.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWP or PTIR?

Over the 1-year period, IWP has performed better with a 0.30% return vs -45.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWP or PTIR?

IWP is cheaper with a 0.23% expense ratio, compared with 1.04% for PTIR.

Which ETF pays a higher dividend yield, IWP or PTIR?

PTIR has the higher dividend yield at 12.63%, compared with 0.36% for IWP.

What is the main difference between IWP and PTIR?

IWP is categorized as Mid Cap Growth Equities, while PTIR is Leveraged Equities. IWP tracks Russell Midcap Growth Index, while PTIR tracks Palantir Technologies Inc. (200%). They also come from different issuers: iShares and GraniteShares. Their fees differ too: 0.23% for IWP and 1.04% for PTIR.

Which has better risk-adjusted returns?

IWP currently has the higher Sharpe Ratio (0.02 vs -0.44), 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.