IWR vs. IWD
Compare and contrast key facts about iShares Russell Midcap ETF (IWR) and iShares Russell 1000 Value ETF (IWD).
IWR and IWD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWR is a passively managed fund by iShares that tracks the performance of the Russell Midcap Index. It was launched on Jul 17, 2001. IWD is a passively managed fund by iShares that tracks the performance of the Russell 1000 Value Index. It was launched on May 22, 2000. Both IWR and IWD 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: IWR or IWD.
Key characteristics
| IWR | IWD | |
|---|---|---|
| YTD Return | 21.47% | 20.52% |
| 1Y Return | 38.44% | 33.29% |
| 3Y Return (Ann) | 4.83% | 7.78% |
| 5Y Return (Ann) | 11.89% | 10.55% |
| 10Y Return (Ann) | 10.26% | 9.08% |
| Sharpe Ratio | 2.97 | 3.14 |
| Sortino Ratio | 4.10 | 4.42 |
| Omega Ratio | 1.52 | 1.58 |
| Calmar Ratio | 2.31 | 4.04 |
| Martin Ratio | 17.59 | 20.09 |
| Ulcer Index | 2.28% | 1.73% |
| Daily Std Dev | 13.52% | 11.01% |
| Max Drawdown | -58.79% | -60.10% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IWR and IWD is 0.91, 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
IWR vs. IWD - Performance Comparison
The year-to-date returns for both stocks are quite close, with IWR having a 21.47% return and IWD slightly lower at 20.52%. Over the past 10 years, IWR has outperformed IWD with an annualized return of 10.26%, while IWD has yielded a comparatively lower 9.08% 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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IWR vs. IWD - Expense Ratio Comparison
Both IWR and IWD have an expense ratio of 0.19%, 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
IWR vs. IWD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap ETF (IWR) and iShares Russell 1000 Value ETF (IWD). 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
IWR vs. IWD - Dividend Comparison
IWR's dividend yield for the trailing twelve months is around 1.22%, less than IWD's 1.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWR iShares Russell Midcap ETF | 1.22% | 1.43% | 1.59% | 1.05% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% | 1.45% | 1.31% |
IWD iShares Russell 1000 Value ETF | 1.76% | 2.02% | 2.15% | 1.62% | 2.05% | 2.45% | 2.71% | 2.09% | 2.25% | 2.47% | 2.00% | 1.95% |
Drawdowns
IWR vs. IWD - Drawdown Comparison
The maximum IWR drawdown since its inception was -58.79%, roughly equal to the maximum IWD drawdown of -60.10%. Use the drawdown chart below to compare losses from any high point for IWR and IWD. For additional features, visit the drawdowns tool.
Volatility
IWR vs. IWD - Volatility Comparison
iShares Russell Midcap ETF (IWR) has a higher volatility of 4.00% compared to iShares Russell 1000 Value ETF (IWD) at 3.68%. This indicates that IWR's price experiences larger fluctuations and is considered to be riskier than IWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.