IWR vs. VO
Compare and contrast key facts about iShares Russell Midcap ETF (IWR) and Vanguard Mid-Cap ETF (VO).
IWR and VO 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. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004. Both IWR and VO 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 VO.
Key characteristics
| IWR | VO | |
|---|---|---|
| YTD Return | 20.29% | 20.67% |
| 1Y Return | 32.89% | 32.44% |
| 3Y Return (Ann) | 4.48% | 3.97% |
| 5Y Return (Ann) | 11.44% | 11.67% |
| 10Y Return (Ann) | 10.14% | 10.31% |
| Sharpe Ratio | 2.76 | 2.90 |
| Sortino Ratio | 3.84 | 4.02 |
| Omega Ratio | 1.48 | 1.51 |
| Calmar Ratio | 2.52 | 2.29 |
| Martin Ratio | 16.34 | 17.94 |
| Ulcer Index | 2.28% | 2.04% |
| Daily Std Dev | 13.52% | 12.64% |
| Max Drawdown | -58.79% | -58.89% |
| Current Drawdown | -0.97% | -0.76% |
Correlation
The correlation between IWR and VO 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. VO - Performance Comparison
The year-to-date returns for both investments are quite close, with IWR having a 20.29% return and VO slightly higher at 20.67%. Both investments have delivered pretty close results over the past 10 years, with IWR having a 10.14% annualized return and VO not far ahead at 10.31%. 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. VO - Expense Ratio Comparison
IWR has a 0.19% expense ratio, which is higher than VO'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. VO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap ETF (IWR) and Vanguard Mid-Cap ETF (VO). 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. VO - Dividend Comparison
IWR's dividend yield for the trailing twelve months is around 1.23%, less than VO's 1.80% 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% |
VO Vanguard Mid-Cap ETF | 1.80% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.18% |
Drawdowns
IWR vs. VO - Drawdown Comparison
The maximum IWR drawdown since its inception was -58.79%, roughly equal to the maximum VO drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for IWR and VO. For additional features, visit the drawdowns tool.
Volatility
IWR vs. VO - Volatility Comparison
iShares Russell Midcap ETF (IWR) has a higher volatility of 4.07% compared to Vanguard Mid-Cap ETF (VO) at 3.82%. This indicates that IWR's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.