IWS vs. FIMVX
IWS (iShares Russell Mid-Cap Value ETF) and FIMVX (Fidelity Mid Cap Value Index Fund) are both Mid Cap Value Equities funds. Over the past 5 years, IWS returned 9.34%/yr vs 9.87%/yr for FIMVX. With a 1.00 correlation, they move nearly in lockstep. IWS charges 0.23%/yr vs 0.05%/yr for FIMVX.
Performance
IWS vs. FIMVX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IWS having a 17.05% return and FIMVX slightly lower at 16.37%.
IWS
- 1D
- 0.69%
- 1M
- 3.76%
- YTD
- 17.05%
- 6M
- 15.46%
- 1Y
- 29.21%
- 3Y*
- 17.66%
- 5Y*
- 9.34%
- 10Y*
- 10.68%
FIMVX
- 1D
- 1.00%
- 1M
- 3.04%
- YTD
- 16.37%
- 6M
- 14.69%
- 1Y
- 28.52%
- 3Y*
- 16.57%
- 5Y*
- 9.87%
- 10Y*
- —
IWS vs. FIMVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IWS iShares Russell Mid-Cap Value ETF | 17.05% | 10.82% | 12.91% | 12.52% | -12.29% | 28.10% | 4.83% | 6.55% |
FIMVX Fidelity Mid Cap Value Index Fund | 16.37% | 11.01% | 13.02% | 12.75% | -12.08% | 28.21% | 4.74% | 7.42% |
Correlation
The correlation between IWS and FIMVX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 1.00 |
The correlation between IWS and FIMVX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
IWS vs. FIMVX — Risk / Return Rank
IWS
FIMVX
IWS vs. FIMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Value ETF (IWS) and Fidelity Mid Cap Value Index Fund (FIMVX). 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.
| IWS | FIMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 3.85 | +0.05 |
| Martin ratioReturn relative to average drawdown | 14.62 | 14.40 | +0.23 |
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Drawdowns
IWS vs. FIMVX - Drawdown Comparison
The maximum IWS drawdown since its inception was -62.40%, which is greater than FIMVX's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for IWS and FIMVX.
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Drawdown Indicators
| IWS | FIMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.40% | -43.61% | -18.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -7.52% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -20.57% | -20.40% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -21.23% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -43.83% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.78% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -6.39% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 2.01% | -0.01% |
Volatility
IWS vs. FIMVX - Volatility Comparison
iShares Russell Mid-Cap Value ETF (IWS) and Fidelity Mid Cap Value Index Fund (FIMVX) have volatilities of 4.18% and 4.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWS | FIMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 4.34% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.04% | 10.01% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.55% | 13.51% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 17.35% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.39% | 21.81% | -2.42% |
IWS vs. FIMVX - Expense Ratio Comparison
IWS has a 0.23% expense ratio, which is higher than FIMVX's 0.05% 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%.
Dividends
IWS vs. FIMVX - Dividend Comparison
IWS's dividend yield for the trailing twelve months is around 1.33%, less than FIMVX's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIMVX Fidelity Mid Cap Value Index Fund | 2.13% | 2.48% | 4.44% | 1.89% | 2.75% | 5.62% | 1.23% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
IWS iShares Russell Mid-Cap Value ETF | 1.33% | 1.53% | 1.50% | 1.76% | 1.93% | 1.39% | 1.87% | 1.97% | 2.53% | 1.96% | 2.10% | 2.14% |
Frequently Asked Questions
With a correlation of 1.00, IWS and FIMVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FIMVX has higher volatility (4.34%) compared to IWS (4.18%). In terms of maximum drawdown, IWS dropped -62.40% vs FIMVX's -43.61%.
IWS currently has the higher Sharpe Ratio (2.17 vs 2.14), 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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