IWR vs. MSFT
IWR (iShares Russell Midcap ETF) is Mid Cap Growth Equities fund tracking the Russell Midcap Index, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, IWR returned 11.79%/yr vs 24.39%/yr for MSFT. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
IWR vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, IWR achieves a 13.23% return, which is significantly higher than MSFT's -18.85% return. Over the past 10 years, IWR has underperformed MSFT with an annualized return of 11.79%, while MSFT has yielded a comparatively higher 24.39% annualized return.
IWR
- 1D
- 0.93%
- 1M
- 3.80%
- YTD
- 13.23%
- 6M
- 11.96%
- 1Y
- 21.77%
- 3Y*
- 16.40%
- 5Y*
- 7.99%
- 10Y*
- 11.79%
MSFT
- 1D
- 0.10%
- 1M
- -3.36%
- YTD
- -18.85%
- 6M
- -17.98%
- 1Y
- -17.75%
- 3Y*
- 6.16%
- 5Y*
- 9.56%
- 10Y*
- 24.39%
IWR vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWR iShares Russell Midcap ETF | 13.23% | 10.37% | 15.21% | 17.05% | -17.48% | 22.44% | 16.93% | 30.23% | -9.10% | 18.25% |
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 IWR and MSFT is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2001 | 0.57 |
Over the past year, the correlation between IWR and MSFT has dropped to 0.21 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
IWR vs. MSFT — Risk / Return Rank
IWR
MSFT
IWR vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap ETF (IWR) 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.
| IWR | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +3.12 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.89 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | -0.53 | +3.20 |
| Martin ratioReturn relative to average drawdown | 10.26 | -1.08 | +11.34 |
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Drawdowns
IWR vs. MSFT - Drawdown Comparison
The maximum IWR drawdown since its inception was -58.78%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for IWR and MSFT.
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Drawdown Indicators
| IWR | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.78% | -69.38% | +10.60% |
Max Drawdown (1Y)Largest decline over 1 year | -8.17% | -33.91% | +25.74% |
Max Drawdown (3Y)Largest decline over 3 years | -21.09% | -33.91% | +12.82% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -37.15% | +10.97% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | -37.15% | -3.44% |
Current DrawdownCurrent decline from peak | 0.00% | -27.46% | +27.46% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -21.78% | +13.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 16.48% | -14.35% |
Volatility
IWR vs. MSFT - Volatility Comparison
The current volatility for iShares Russell Midcap ETF (IWR) is 4.49%, while Microsoft Corporation (MSFT) has a volatility of 10.52%. This indicates that IWR 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
| IWR | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 10.52% | -6.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.34% | 22.31% | -11.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 25.42% | -11.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.28% | 26.66% | -8.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.38% | 27.06% | -7.68% |
Dividends
IWR vs. MSFT - Dividend Comparison
IWR's dividend yield for the trailing twelve months is around 1.14%, more than MSFT's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWR iShares Russell Midcap ETF | 1.14% | 1.29% | 1.27% | 1.43% | 1.59% | 1.04% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% |
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
IWR and MSFT have a correlation of 0.21, 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 IWR (4.49%). In terms of maximum drawdown, IWR dropped -58.78% vs MSFT's -69.38%.
IWR currently has the higher Sharpe Ratio (1.59 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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