IWS vs. IMCV
Compare and contrast key facts about iShares Russell Midcap Value ETF (IWS) and iShares Morningstar Mid-Cap ETF (IMCV).
IWS and IMCV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWS is a passively managed fund by iShares that tracks the performance of the Russell Midcap Value Index. It was launched on Jul 17, 2001. IMCV is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Value Index. It was launched on Jun 28, 2004. Both IWS and IMCV 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: IWS or IMCV.
Performance
IWS vs. IMCV - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with IWS having a 16.73% return and IMCV slightly higher at 17.34%. Over the past 10 years, IWS has underperformed IMCV with an annualized return of 8.40%, while IMCV has yielded a comparatively higher 9.18% annualized return.
IWS
16.73%
0.25%
8.68%
28.99%
9.84%
8.40%
IMCV
17.34%
0.30%
8.89%
29.28%
9.99%
9.18%
Key characteristics
| IWS | IMCV | |
|---|---|---|
| Sharpe Ratio | 2.15 | 2.33 |
| Sortino Ratio | 3.01 | 3.29 |
| Omega Ratio | 1.37 | 1.41 |
| Calmar Ratio | 2.44 | 0.29 |
| Martin Ratio | 12.59 | 14.40 |
| Ulcer Index | 2.24% | 1.99% |
| Daily Std Dev | 13.10% | 12.31% |
| Max Drawdown | -62.40% | -100.00% |
| Current Drawdown | -2.35% | -99.99% |
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IWS vs. IMCV - Expense Ratio Comparison
IWS has a 0.24% expense ratio, which is higher than IMCV's 0.06% 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%.
Correlation
The correlation between IWS and IMCV is 0.95, 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.
Risk-Adjusted Performance
IWS vs. IMCV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap Value ETF (IWS) and iShares Morningstar Mid-Cap ETF (IMCV). 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
IWS vs. IMCV - Dividend Comparison
IWS's dividend yield for the trailing twelve months is around 1.45%, less than IMCV's 2.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWS iShares Russell Midcap Value ETF | 1.45% | 1.76% | 1.93% | 1.39% | 1.87% | 1.96% | 2.53% | 1.96% | 2.10% | 2.14% | 1.85% | 1.71% |
IMCV iShares Morningstar Mid-Cap ETF | 2.19% | 2.30% | 2.36% | 1.86% | 2.61% | 2.45% | 2.61% | 1.87% | 2.09% | 2.29% | 1.95% | 1.87% |
Drawdowns
IWS vs. IMCV - Drawdown Comparison
The maximum IWS drawdown since its inception was -62.40%, smaller than the maximum IMCV drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for IWS and IMCV. For additional features, visit the drawdowns tool.
Volatility
IWS vs. IMCV - Volatility Comparison
iShares Russell Midcap Value ETF (IWS) and iShares Morningstar Mid-Cap ETF (IMCV) have volatilities of 3.97% and 3.82%, 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.