IWS vs. IWN
Compare and contrast key facts about iShares Russell Midcap Value ETF (IWS) and iShares Russell 2000 Value ETF (IWN).
IWS and IWN 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. IWN is a passively managed fund by iShares that tracks the performance of the Russell 2000 Value Index. It was launched on Jul 24, 2000. Both IWS and IWN 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 IWN.
Key characteristics
| IWS | IWN | |
|---|---|---|
| YTD Return | 2.53% | -3.70% |
| 1Y Return | 13.99% | 14.16% |
| 3Y Return (Ann) | 3.05% | -0.89% |
| 5Y Return (Ann) | 8.08% | 5.88% |
| 10Y Return (Ann) | 7.73% | 6.31% |
| Sharpe Ratio | 0.98 | 0.68 |
| Daily Std Dev | 14.20% | 20.49% |
| Max Drawdown | -62.40% | -61.55% |
| Current Drawdown | -5.16% | -11.24% |
Correlation
The correlation between IWS and IWN is 0.91, 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
IWS vs. IWN - Performance Comparison
In the year-to-date period, IWS achieves a 2.53% return, which is significantly higher than IWN's -3.70% return. Over the past 10 years, IWS has outperformed IWN with an annualized return of 7.73%, while IWN has yielded a comparatively lower 6.31% 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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IWS vs. IWN - Expense Ratio Comparison
Both IWS and IWN have an expense ratio of 0.24%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
IWS vs. IWN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap Value ETF (IWS) and iShares Russell 2000 Value ETF (IWN). 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. IWN - Dividend Comparison
IWS's dividend yield for the trailing twelve months is around 1.63%, less than IWN's 2.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWS iShares Russell Midcap Value ETF | 1.63% | 1.76% | 1.93% | 1.39% | 1.87% | 1.97% | 2.53% | 1.96% | 2.10% | 2.14% | 1.84% | 1.71% |
IWN iShares Russell 2000 Value ETF | 2.04% | 2.04% | 2.12% | 1.48% | 1.60% | 1.92% | 1.99% | 1.78% | 1.74% | 2.15% | 1.88% | 1.77% |
Drawdowns
IWS vs. IWN - Drawdown Comparison
The maximum IWS drawdown since its inception was -62.40%, roughly equal to the maximum IWN drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for IWS and IWN. For additional features, visit the drawdowns tool.
Volatility
IWS vs. IWN - Volatility Comparison
The current volatility for iShares Russell Midcap Value ETF (IWS) is 3.94%, while iShares Russell 2000 Value ETF (IWN) has a volatility of 5.51%. This indicates that IWS experiences smaller price fluctuations and is considered to be less risky than IWN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.