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IWR vs. RNMC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWR vs. RNMC

Last updated Jun 5, 2026

IWR (iShares Russell Midcap ETF) and RNMC (First Trust Mid Cap US Equity Select ETF) are both exchange-traded funds - IWR is a Mid Cap Growth Equities fund tracking the Russell Midcap Index, while RNMC is a Mid Cap Blend Equities fund tracking the Nasdaq Riskalyze Mid Cap US Equity Select Index. Both are passively managed. Over the past 5 years, IWR returned 8.11%/yr vs 5.04%/yr for RNMC. Their correlation of 0.85 suggests significant overlap in exposure. IWR charges 0.19%/yr vs 0.60%/yr for RNMC.

Performance

IWR vs. RNMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell Midcap ETF (IWR) and First Trust Mid Cap US Equity Select ETF (RNMC). 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 13.02% return, which is significantly higher than RNMC's -1.02% return.

IWR

1D
0.52%
1M
3.28%
YTD
13.02%
6M
12.45%
1Y
22.54%
3Y*
17.59%
5Y*
8.11%
10Y*
11.55%

RNMC

1D
0.52%
1M
-1.92%
YTD
-1.02%
6M
-0.96%
1Y
-0.14%
3Y*
10.37%
5Y*
5.04%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWR vs. RNMC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWR
iShares Russell Midcap ETF		13.02%10.37%15.21%17.05%-17.48%22.44%16.93%30.23%-9.10%9.83%
RNMC
First Trust Mid Cap US Equity Select ETF		-1.02%1.77%14.98%16.81%-9.11%26.08%5.71%28.00%-12.85%10.74%

Correlation

The correlation between IWR and RNMC is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.81

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

0.89

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

0.90

Correlation (All Time)
Calculated using the full available price history since Jun 23, 2017

0.85

The correlation between IWR and RNMC has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.

IWR vs. RNMC - Sectors Allocation Comparison

Sectors
IWR
RNMC

Industrials

18.4%
20.0%

Technology

17.2%
10.6%

Financial Services

12.5%
14.9%

Consumer Cyclical

11.2%
16.4%

Healthcare

8.7%
11.5%

Energy

7.2%
5.0%

Real Estate

7.0%
7.0%

Utilities

6.1%
4.4%

Basic Materials

4.3%
5.0%

Consumer Defensive

4.1%
2.3%

Communication Services

3.4%
3.0%

Industrials

IWR
18.4%
RNMC
20.0%

Technology

IWR
17.2%
RNMC
10.6%

Financial Services

IWR
12.5%
RNMC
14.9%

Consumer Cyclical

IWR
11.2%
RNMC
16.4%

Healthcare

IWR
8.7%
RNMC
11.5%

Energy

IWR
7.2%
RNMC
5.0%

Real Estate

IWR
7.0%
RNMC
7.0%

Utilities

IWR
6.1%
RNMC
4.4%

Basic Materials

IWR
4.3%
RNMC
5.0%

Consumer Defensive

IWR
4.1%
RNMC
2.3%

Communication Services

IWR
3.4%
RNMC
3.0%

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

First Trust Mid Cap US Equity Select ETF

Often compared with IWR:
IWR vs. VOIWR vs. IWDIWR vs. SPMDIWR vs. IWNIWR vs. SCHMIWR vs. VXFIWR vs. REGL
Often compared with RNMC:
RNMC vs. CZARNMC vs. IJHRNMC vs. BMVPRNMC vs. AIRRRNMC vs. EPURNMC vs. CIBRRNMC vs. CSD

Return for Risk

IWR vs. RNMC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWR
IWR Risk / Return Rank: 5353
Overall Rank
IWR Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
IWR Sortino Ratio Rank: 5151
Sortino Ratio Rank
IWR Omega Ratio Rank: 4848
Omega Ratio Rank
IWR Calmar Ratio Rank: 5757
Calmar Ratio Rank
IWR Martin Ratio Rank: 6161
Martin Ratio Rank
RNMC
RNMC Risk / Return Rank: 99
Overall Rank
RNMC Sharpe Ratio Rank: 99
Sharpe Ratio Rank
RNMC Sortino Ratio Rank: 99
Sortino Ratio Rank
RNMC Omega Ratio Rank: 99
Omega Ratio Rank
RNMC Calmar Ratio Rank: 99
Calmar Ratio Rank
RNMC Martin Ratio Rank: 99
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. RNMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap ETF (IWR) and First Trust Mid Cap US Equity Select ETF (RNMC). 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.

IWRRNMCDifference
Sharpe ratioReturn per unit of total volatility
1.69
-0.01

+1.71

Sortino ratioReturn per unit of downside risk
2.44
0.08

+2.36

Omega ratioGain probability vs. loss probability

1.30

1.01

+0.29

Calmar ratioReturn relative to maximum drawdown

2.77

-0.02

+2.79

Martin ratioReturn relative to average drawdown

10.70

-0.04

+10.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWR vs. RNMC - Sharpe Ratio Comparison

The current IWR Sharpe Ratio is 1.69, which is higher than the RNMC Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of IWR and RNMC, 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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Sharpe Ratios by Period

IWRRNMCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.69

-0.01

+1.71

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.45

0.28

+0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.39

+0.11

Drawdowns

IWR vs. RNMC - Drawdown Comparison

The maximum IWR drawdown since its inception was -58.78%, which is greater than RNMC's maximum drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for IWR and RNMC.

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Drawdown Indicators

IWRRNMCDifference

Max Drawdown

Largest peak-to-trough decline

-58.78%

-43.57%

-15.21%

Max Drawdown (1Y)

Largest decline over 1 year

-8.17%

-7.81%

-0.36%

Max Drawdown (3Y)

Largest decline over 3 years

-21.09%

-19.55%

-1.54%

Max Drawdown (5Y)

Largest decline over 5 years

-26.18%

-21.25%

-4.93%

Max Drawdown (10Y)

Largest decline over 10 years

-40.59%

—

—

Current Drawdown

Current decline from peak

0.00%

-6.84%

+6.84%

Average Drawdown

Average peak-to-trough decline

-7.80%

-5.99%

-1.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.11%

3.62%

-1.51%

Volatility

IWR vs. RNMC - Volatility Comparison

iShares Russell Midcap ETF (IWR) has a higher volatility of 3.16% compared to First Trust Mid Cap US Equity Select ETF (RNMC) at 2.96%. This indicates that IWR's price experiences larger fluctuations and is considered to be riskier than RNMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWRRNMCDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.16%

2.96%

+0.20%

Volatility (6M)

Calculated over the trailing 6-month period

9.84%

8.24%

+1.60%

Volatility (1Y)

Calculated over the trailing 1-year period

13.36%

12.69%

+0.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.22%

18.09%

+0.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.36%

21.20%

-1.84%

IWR vs. RNMC - Expense Ratio Comparison

IWR has a 0.19% expense ratio, which is lower than RNMC's 0.60% expense ratio.

Dividends

IWR vs. RNMC - Dividend Comparison

IWR's dividend yield for the trailing twelve months is around 1.14%, more than RNMC's 0.91% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
RNMC
First Trust Mid Cap US Equity Select ETF		0.91%0.75%1.12%1.47%1.71%1.21%1.33%1.68%1.67%0.67%0.00%0.00%

Frequently Asked Questions

IWR and RNMC have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWR has higher volatility (3.16%) compared to RNMC (2.96%). In terms of maximum drawdown, IWR dropped -58.78% vs RNMC's -43.57%.

On 5-year performance, IWR leads with 8.11% vs 5.04% for RNMC. On fees, IWR is cheaper at 0.19% per year. On volatility, RNMC has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IWR has performed better with a 8.11% return vs 5.04%. 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 0.60% for RNMC.

IWR has the higher dividend yield at 1.14%, compared with 0.91% for RNMC.

IWR is categorized as Mid Cap Growth Equities, while RNMC is Mid Cap Blend Equities. IWR tracks Russell Midcap Index, while RNMC tracks Nasdaq Riskalyze Mid Cap US Equity Select Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.19% for IWR and 0.60% for RNMC.

IWR currently has the higher Sharpe Ratio (1.69 vs -0.01), 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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