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IWR vs. REGL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWR vs. REGL

Last updated Jun 23, 2026

IWR (iShares Russell Midcap ETF) and REGL (ProShares S&P MidCap 400 Dividend Aristocrats ETF) are both exchange-traded funds - IWR is a Mid Cap Growth Equities fund tracking the Russell Midcap Index, while REGL is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Dividend Aristocrats Index. Both are passively managed. Over the past 10 years, IWR returned 12.03%/yr vs 9.63%/yr for REGL. Their correlation of 0.83 suggests significant overlap in exposure. IWR charges 0.19%/yr vs 0.40%/yr for REGL.

Performance

IWR vs. REGL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell Midcap ETF (IWR) and ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IWR achieves a 13.93% return, which is significantly higher than REGL's 7.68% return. Over the past 10 years, IWR has outperformed REGL with an annualized return of 12.03%, while REGL has yielded a comparatively lower 9.63% annualized return.

IWR

1D
0.52%
1M
3.28%
YTD
13.93%
6M
12.06%
1Y
23.42%
3Y*
17.38%
5Y*
8.30%
10Y*
12.03%

REGL

1D
0.16%
1M
1.42%
YTD
7.68%
6M
5.73%
1Y
14.91%
3Y*
12.38%
5Y*
7.47%
10Y*
9.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWR vs. REGL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWR
iShares Russell Midcap ETF		13.93%10.37%15.21%17.05%-17.48%22.44%16.93%30.23%-9.10%18.25%
REGL
ProShares S&P MidCap 400 Dividend Aristocrats ETF		7.68%6.89%12.26%5.41%-0.62%20.38%7.50%18.79%-3.25%10.17%

Correlation

The correlation between IWR and REGL is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.74

Correlation (3Y)
Calculated over the trailing 3-year period

0.83

Correlation (5Y)
Calculated over the trailing 5-year period

0.83

Correlation (10Y)
Calculated over the trailing 10-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Feb 5, 2015

0.83

The correlation between IWR and REGL has been stable across timeframes, ranging from 0.74 to 0.84 - a consistent structural relationship.

IWR vs. REGL - Sectors Allocation Comparison

Sectors
IWR
REGL

Technology

19.6%
1.9%

Industrials

18.1%
15.2%

Financial Services

12.1%
31.0%

Consumer Cyclical

11.1%
10.7%

Healthcare

8.7%
4.6%

Real Estate

6.8%
7.8%

Energy

6.5%
3.1%

Utilities

5.7%
13.7%

Basic Materials

4.2%
9.2%

Consumer Defensive

3.9%
2.8%

Communication Services

3.3%

-

Technology

IWR
19.6%
REGL
1.9%

Industrials

IWR
18.1%
REGL
15.2%

Financial Services

IWR
12.1%
REGL
31.0%

Consumer Cyclical

IWR
11.1%
REGL
10.7%

Healthcare

IWR
8.7%
REGL
4.6%

Real Estate

IWR
6.8%
REGL
7.8%

Energy

IWR
6.5%
REGL
3.1%

Utilities

IWR
5.7%
REGL
13.7%

Basic Materials

IWR
4.2%
REGL
9.2%

Consumer Defensive

IWR
3.9%
REGL
2.8%

Communication Services

IWR
3.3%
REGL

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Russell Midcap ETF

ProShares S&P MidCap 400 Dividend Aristocrats ETF

Often compared with IWR:
IWR vs. VOIWR vs. IWDIWR vs. SPMDIWR vs. IWNIWR vs. SCHMIWR vs. VXFIWR vs. IMCG
Often compared with REGL:
REGL vs. NOBLREGL vs. SMDVREGL vs. SCHDREGL vs. CALFREGL vs. SDVYREGL vs. TMDVREGL vs. EZM

Return for Risk

IWR vs. REGL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWR
IWR Risk / Return Rank: 5555
Overall Rank
IWR Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
IWR Sortino Ratio Rank: 5151
Sortino Ratio Rank
IWR Omega Ratio Rank: 4848
Omega Ratio Rank
IWR Calmar Ratio Rank: 6060
Calmar Ratio Rank
IWR Martin Ratio Rank: 6363
Martin Ratio Rank
REGL
REGL Risk / Return Rank: 3232
Overall Rank
REGL Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
REGL Sortino Ratio Rank: 3434
Sortino Ratio Rank
REGL Omega Ratio Rank: 3030
Omega Ratio Rank
REGL Calmar Ratio Rank: 3232
Calmar Ratio Rank
REGL Martin Ratio Rank: 3333
Martin Ratio Rank
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.

IWR vs. REGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap ETF (IWR) and ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL). 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.

IWRREGLDifference
Sharpe ratioReturn per unit of total volatility
1.71
1.13

+0.58

Sortino ratioReturn per unit of downside risk
2.44
1.74

+0.69

Omega ratioGain probability vs. loss probability

1.30

1.20

+0.10

Calmar ratioReturn relative to maximum drawdown

2.88

1.55

+1.33

Martin ratioReturn relative to average drawdown

11.02

4.81

+6.21

IWR vs. REGL - Sharpe Ratio Comparison

The current IWR Sharpe Ratio is 1.71, which is higher than the REGL Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of IWR and REGL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IWR vs. REGL - Drawdown Comparison

The maximum IWR drawdown since its inception was -58.78%, which is greater than REGL's maximum drawdown of -36.37%. Use the drawdown chart below to compare losses from any high point for IWR and REGL.

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Drawdown Indicators

IWRREGLDifference

Max Drawdown

Largest peak-to-trough decline

-58.78%

-36.37%

-22.41%

Max Drawdown (1Y)

Largest decline over 1 year

-8.17%

-9.67%

+1.50%

Max Drawdown (3Y)

Largest decline over 3 years

-21.09%

-16.96%

-4.13%

Max Drawdown (5Y)

Largest decline over 5 years

-26.18%

-16.96%

-9.22%

Max Drawdown (10Y)

Largest decline over 10 years

-40.59%

-36.37%

-4.22%

Current Drawdown

Current decline from peak

-0.30%

-2.46%

+2.16%

Average Drawdown

Average peak-to-trough decline

-7.79%

-4.08%

-3.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.13%

3.10%

-0.97%

Volatility

IWR vs. REGL - Volatility Comparison

iShares Russell Midcap ETF (IWR) has a higher volatility of 4.41% compared to ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) at 3.55%. This indicates that IWR's price experiences larger fluctuations and is considered to be riskier than REGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWRREGLDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.41%

3.55%

+0.86%

Volatility (6M)

Calculated over the trailing 6-month period

10.38%

9.30%

+1.08%

Volatility (1Y)

Calculated over the trailing 1-year period

13.80%

13.26%

+0.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.28%

16.06%

+2.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.40%

18.34%

+1.06%

IWR vs. REGL - Expense Ratio Comparison

IWR has a 0.19% expense ratio, which is lower than REGL's 0.40% expense ratio.

Dividends

IWR vs. REGL - Dividend Comparison

IWR's dividend yield for the trailing twelve months is around 1.16%, less than REGL's 2.16% yield.

PositionTTM20252024202320222021202020192018201720162015
IWR
iShares Russell Midcap ETF		1.16%1.29%1.27%1.43%1.59%1.04%1.28%1.43%1.98%1.52%1.72%1.59%
REGL
ProShares S&P MidCap 400 Dividend Aristocrats ETF		2.16%2.32%2.28%2.40%2.32%2.50%2.41%1.96%2.09%1.63%1.20%1.66%

Frequently Asked Questions

IWR and REGL have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWR has higher volatility (4.41%) compared to REGL (3.55%). In terms of maximum drawdown, IWR dropped -58.78% vs REGL's -36.37%.

On 10-year performance, IWR leads with 12.03% vs 9.63% for REGL. On fees, IWR is cheaper at 0.19% per year. On volatility, REGL has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IWR has performed better with a 12.03% return vs 9.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWR is cheaper with a 0.19% expense ratio, compared with 0.40% for REGL.

REGL has the higher dividend yield at 2.16%, compared with 1.16% for IWR.

IWR is categorized as Mid Cap Growth Equities, while REGL is Mid Cap Value Equities. IWR tracks Russell Midcap Index, while REGL tracks S&P MidCap 400 Dividend Aristocrats Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.19% for IWR and 0.40% for REGL.

IWR currently has the higher Sharpe Ratio (1.71 vs 1.13), 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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