IWV vs. AFOS
IWV (iShares Russell 3000 ETF) and AFOS (ARS Focused Opportunities Strategy ETF) are both Large Cap Blend Equities funds. Their correlation of 0.84 suggests significant overlap in exposure. IWV charges 0.20%/yr vs 0.45%/yr for AFOS.
Performance
IWV vs. AFOS - Performance Comparison
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Returns By Period
In the year-to-date period, IWV achieves a 10.01% return, which is significantly lower than AFOS's 36.79% return.
IWV
- 1D
- -0.27%
- 1M
- 0.53%
- YTD
- 10.01%
- 6M
- 9.26%
- 1Y
- 26.55%
- 3Y*
- 20.91%
- 5Y*
- 12.24%
- 10Y*
- 15.13%
AFOS
- 1D
- 0.72%
- 1M
- 8.55%
- YTD
- 36.79%
- 6M
- 36.01%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWV vs. AFOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IWV iShares Russell 3000 ETF | 10.01% | 12.73% |
AFOS ARS Focused Opportunities Strategy ETF | 36.79% | 37.10% |
Correlation
The correlation between IWV and AFOS is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.84 |
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Return for Risk
IWV vs. AFOS — Risk / Return Rank
IWV
AFOS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWV vs. AFOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 3000 ETF (IWV) and ARS Focused Opportunities Strategy ETF (AFOS). 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.
| IWV | AFOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | — | — |
| Martin ratioReturn relative to average drawdown | 13.42 | — | — |
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Drawdowns
IWV vs. AFOS - Drawdown Comparison
The maximum IWV drawdown since its inception was -55.61%, which is greater than AFOS's maximum drawdown of -11.52%. Use the drawdown chart below to compare losses from any high point for IWV and AFOS.
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Drawdown Indicators
| IWV | AFOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.61% | -11.52% | -44.09% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -19.28% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.22% | — | — |
Current DrawdownCurrent decline from peak | -1.46% | 0.00% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -10.57% | -1.41% | -9.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | — | — |
Volatility
IWV vs. AFOS - Volatility Comparison
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Volatility by Period
| IWV | AFOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.67% | 21.17% | -8.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 21.17% | -3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 21.17% | -2.72% |
IWV vs. AFOS - Expense Ratio Comparison
IWV has a 0.20% expense ratio, which is lower than AFOS's 0.45% expense ratio.
Dividends
IWV vs. AFOS - Dividend Comparison
IWV's dividend yield for the trailing twelve months is around 0.88%, more than AFOS's 0.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFOS ARS Focused Opportunities Strategy ETF | 0.22% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWV iShares Russell 3000 ETF | 0.88% | 0.96% | 1.08% | 1.30% | 1.56% | 1.04% | 1.30% | 1.69% | 1.97% | 1.58% | 1.79% | 1.99% |
Frequently Asked Questions
IWV and AFOS have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWV is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWV is cheaper with a 0.20% expense ratio, compared with 0.45% for AFOS.
IWV has the higher dividend yield at 0.88%, compared with 0.22% for AFOS.
They also come from different issuers: iShares and ARS Investment Partners. Their fees differ too: 0.20% for IWV and 0.45% for AFOS.
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