IWR vs. SCHM
Compare and contrast key facts about iShares Russell Midcap ETF (IWR) and Schwab US Mid-Cap ETF (SCHM).
IWR and SCHM 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. SCHM is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones US Total Stock Market Mid-Cap. It was launched on Jan 13, 2011. Both IWR and SCHM 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 SCHM.
Key characteristics
| IWR | SCHM | |
|---|---|---|
| YTD Return | 20.30% | 17.52% |
| 1Y Return | 38.81% | 36.54% |
| 3Y Return (Ann) | 4.43% | 4.00% |
| 5Y Return (Ann) | 11.65% | 11.03% |
| 10Y Return (Ann) | 10.14% | 11.01% |
| Sharpe Ratio | 2.76 | 2.27 |
| Sortino Ratio | 3.84 | 3.16 |
| Omega Ratio | 1.48 | 1.40 |
| Calmar Ratio | 2.05 | 1.97 |
| Martin Ratio | 16.40 | 12.31 |
| Ulcer Index | 2.28% | 2.84% |
| Daily Std Dev | 13.56% | 15.41% |
| Max Drawdown | -58.79% | -42.43% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IWR and SCHM is 0.99, 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. SCHM - Performance Comparison
In the year-to-date period, IWR achieves a 20.30% return, which is significantly higher than SCHM's 17.52% return. Over the past 10 years, IWR has underperformed SCHM with an annualized return of 10.14%, while SCHM has yielded a comparatively higher 11.01% 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. SCHM - Expense Ratio Comparison
IWR has a 0.19% expense ratio, which is higher than SCHM's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IWR vs. SCHM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap ETF (IWR) and Schwab US Mid-Cap ETF (SCHM). 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. SCHM - Dividend Comparison
IWR's dividend yield for the trailing twelve months is around 1.23%, less than SCHM's 2.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWR iShares Russell Midcap ETF | 1.23% | 1.43% | 1.59% | 1.05% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% | 1.45% | 1.31% |
SCHM Schwab US Mid-Cap ETF | 2.71% | 3.19% | 4.48% | 1.97% | 2.68% | 2.02% | 3.89% | 1.27% | 2.55% | 3.16% | 3.68% | 3.19% |
Drawdowns
IWR vs. SCHM - Drawdown Comparison
The maximum IWR drawdown since its inception was -58.79%, which is greater than SCHM's maximum drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for IWR and SCHM. For additional features, visit the drawdowns tool.
Volatility
IWR vs. SCHM - Volatility Comparison
The current volatility for iShares Russell Midcap ETF (IWR) is 4.05%, while Schwab US Mid-Cap ETF (SCHM) has a volatility of 4.73%. This indicates that IWR experiences smaller price fluctuations and is considered to be less risky than SCHM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.