IWR vs. SRHQ
IWR (iShares Russell Midcap ETF) and SRHQ (SRH U.S. Quality ETF) are both exchange-traded funds - IWR is a Mid Cap Blend Equities fund tracking the Russell Midcap Index, while SRHQ is a Quality Factor fund tracking the SRH US Quality Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, IWR returned 14.75%/yr vs 17.26%/yr for SRHQ. Their correlation of 0.90 means they have usually moved in the same direction. IWR charges 0.19%/yr vs 0.35%/yr for SRHQ.
Performance
IWR vs. SRHQ - Performance Comparison
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Returns By Period
In the year-to-date period, IWR achieves a 14.55% return, which is significantly lower than SRHQ's 20.78% return.
IWR
- 1D
- -0.28%
- 1M
- -0.59%
- 6M
- 11.19%
- YTD
- 14.55%
- 1Y
- 20.25%
- 3Y*
- 14.75%
- 5Y*
- 8.04%
- 10Y*
- 11.43%
- ALL TIME*
- 9.95%
SRHQ
- 1D
- -0.33%
- 1M
- 1.86%
- 6M
- 18.75%
- YTD
- 20.78%
- 1Y
- 31.30%
- 3Y*
- 17.26%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $186.41M | $266.84M | $222.00M | |
| $113.47K | $63.13K | $30.03K |
IWR vs. SRHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IWR iShares Russell Midcap ETF | 14.55% | 10.37% | 15.21% | 17.05% | 2.24% |
SRHQ SRH U.S. Quality ETF | 20.78% | 7.34% | 16.49% | 21.81% | 5.22% |
Correlation
The correlation between IWR and SRHQ is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2022 | 0.90 |
The correlation between IWR and SRHQ shifts across timeframes, from 0.79 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
IWR vs. SRHQ - Sectors Allocation Comparison
Sectors
IWR
SRHQ
Technology
Industrials
Financial Services
Healthcare
Consumer Cyclical
Real Estate
Utilities
Energy
Consumer Defensive
Basic Materials
Communication Services
Technology
IWR
SRHQ
Industrials
IWR
SRHQ
Financial Services
IWR
SRHQ
Healthcare
IWR
SRHQ
Consumer Cyclical
IWR
SRHQ
Real Estate
IWR
SRHQ
Utilities
IWR
SRHQ
Energy
IWR
SRHQ
Consumer Defensive
IWR
SRHQ
Basic Materials
IWR
SRHQ
Communication Services
IWR
SRHQ
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Return for Risk
IWR vs. SRHQ — Risk / Return Rank
IWR
SRHQ
IWR vs. SRHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap ETF (IWR) and SRH U.S. Quality ETF (SRHQ). 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 | SRHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 4.64 | -2.36 |
| Martin ratioReturn relative to average drawdown | 8.85 | 16.85 | -7.99 |
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Drawdowns
IWR vs. SRHQ - Drawdown Comparison
The maximum IWR drawdown since its inception was -58.78%, which is greater than SRHQ's maximum drawdown of -18.50%. Use the drawdown chart below to compare losses from any high point for IWR and SRHQ.
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Drawdown Indicators
| IWR | SRHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.78% | -18.50% | -40.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.17% | -6.31% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -21.09% | -18.50% | -2.59% |
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 | -0.93% | -1.47% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -2.98% | -4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 1.74% | +0.36% |
Volatility
IWR vs. SRHQ - Volatility Comparison
The current volatility for iShares Russell Midcap ETF (IWR) is 2.48%, while SRH U.S. Quality ETF (SRHQ) has a volatility of 4.37%. This indicates that IWR experiences smaller price fluctuations and is considered to be less risky than SRHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWR | SRHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 4.37% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 11.10% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.67% | 14.90% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 15.96% | +2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.31% | 15.96% | +3.35% |
IWR vs. SRHQ - Expense Ratio Comparison
IWR has a 0.19% expense ratio, which is lower than SRHQ's 0.35% expense ratio.
Dividends
IWR vs. SRHQ - Dividend Comparison
IWR's dividend yield for the trailing twelve months is around 1.16%, more than SRHQ's 0.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SRHQ SRH U.S. Quality ETF | 0.69% | 0.76% | 0.66% | 0.84% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWR and SRHQ have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRHQ has higher volatility (4.37%) compared to IWR (2.48%). In terms of maximum drawdown, IWR dropped -58.78% vs SRHQ's -18.50%.
On 3-year performance, SRHQ leads with 17.26% vs 14.75% for IWR. On fees, IWR is cheaper at 0.19% per year. On volatility, IWR has been the lower-risk option at 2.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SRHQ has performed better with a 17.26% return vs 14.75%. 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 0.35% for SRHQ.
IWR has the higher dividend yield at 1.16%, compared with 0.69% for SRHQ.
IWR is categorized as Mid Cap Blend Equities, while SRHQ is Quality Factor. IWR tracks Russell Midcap Index, while SRHQ tracks SRH US Quality Index - Benchmark TR Gross. They also come from different issuers: iShares and SRH. Their fees differ too: 0.19% for IWR and 0.35% for SRHQ.
SRHQ currently has the higher Sharpe Ratio (1.97 vs 1.36), 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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