IWR vs. LAES
IWR (iShares Russell Midcap ETF) is Mid Cap Growth Equities fund tracking the Russell Midcap Index, while LAES (SEALSQ Corp) is a stock. Over the past 3 years, IWR returned 16.25%/yr vs -31.28%/yr for LAES. At a 0.30 correlation, their price movements are largely independent.
Performance
IWR vs. LAES - Performance Comparison
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Returns By Period
In the year-to-date period, IWR achieves a 10.71% return, which is significantly higher than LAES's -14.81% return.
IWR
- 1D
- 0.08%
- 1M
- 1.05%
- YTD
- 10.71%
- 6M
- 10.50%
- 1Y
- 19.23%
- 3Y*
- 16.25%
- 5Y*
- 7.68%
- 10Y*
- 11.41%
LAES
- 1D
- 0.63%
- 1M
- 10.27%
- YTD
- -14.81%
- 6M
- -34.42%
- 1Y
- -6.94%
- 3Y*
- -31.28%
- 5Y*
- —
- 10Y*
- —
IWR vs. LAES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IWR iShares Russell Midcap ETF | 10.71% | 10.37% | 15.21% | 15.08% |
LAES SEALSQ Corp | -14.81% | -38.54% | 380.47% | -92.82% |
Correlation
The correlation between IWR and LAES is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.30 |
The correlation between IWR and LAES shifts across timeframes, from 0.30 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IWR vs. LAES — Risk / Return Rank
IWR
LAES
IWR vs. LAES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap ETF (IWR) and SEALSQ Corp (LAES). 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.
| IWR | LAES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.08 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | -0.10 | +2.46 |
| Martin ratioReturn relative to average drawdown | 9.09 | -0.16 | +9.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWR | LAES | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | -0.06 | +1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | -0.28 | +0.77 |
Drawdowns
IWR vs. LAES - Drawdown Comparison
The maximum IWR drawdown since its inception was -58.78%, smaller than the maximum LAES drawdown of -98.44%. Use the drawdown chart below to compare losses from any high point for IWR and LAES.
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Drawdown Indicators
| IWR | LAES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.78% | -98.44% | +39.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.17% | -72.68% | +64.51% |
Max Drawdown (3Y)Largest decline over 3 years | -21.09% | -98.07% | +76.98% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | — | — |
Current DrawdownCurrent decline from peak | -2.04% | -85.34% | +83.30% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -84.70% | +76.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 42.96% | -40.84% |
Volatility
IWR vs. LAES - Volatility Comparison
The current volatility for iShares Russell Midcap ETF (IWR) is 3.59%, while SEALSQ Corp (LAES) has a volatility of 28.36%. This indicates that IWR experiences smaller price fluctuations and is considered to be less risky than LAES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWR | LAES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 28.36% | -24.77% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 66.00% | -55.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.54% | 110.53% | -96.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.25% | 170.27% | -152.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.38% | 170.27% | -150.89% |
Dividends
IWR vs. LAES - Dividend Comparison
IWR's dividend yield for the trailing twelve months is around 1.17%, while LAES has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWR iShares Russell Midcap ETF | 1.17% | 1.29% | 1.27% | 1.43% | 1.59% | 1.04% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% |
LAES SEALSQ Corp | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWR and LAES have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LAES has higher volatility (28.36%) compared to IWR (3.59%). In terms of maximum drawdown, IWR dropped -58.78% vs LAES's -98.44%.
IWR currently has the higher Sharpe Ratio (1.43 vs -0.06), 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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