IWV vs. IWN
Compare and contrast key facts about iShares Russell 3000 ETF (IWV) and iShares Russell 2000 Value ETF (IWN).
IWV and IWN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWV is a passively managed fund by iShares that tracks the performance of the Russell 3000 Index. It was launched on May 22, 2000. 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 IWV 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: IWV or IWN.
Key characteristics
| IWV | IWN | |
|---|---|---|
| YTD Return | 26.56% | 17.92% |
| 1Y Return | 38.68% | 40.84% |
| 3Y Return (Ann) | 8.91% | 3.21% |
| 5Y Return (Ann) | 15.33% | 9.99% |
| 10Y Return (Ann) | 12.81% | 8.18% |
| Sharpe Ratio | 3.21 | 1.92 |
| Sortino Ratio | 4.27 | 2.79 |
| Omega Ratio | 1.60 | 1.34 |
| Calmar Ratio | 4.86 | 1.84 |
| Martin Ratio | 21.23 | 10.42 |
| Ulcer Index | 1.92% | 4.03% |
| Daily Std Dev | 12.63% | 21.89% |
| Max Drawdown | -55.61% | -61.55% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IWV and IWN is 0.86, 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
IWV vs. IWN - Performance Comparison
In the year-to-date period, IWV achieves a 26.56% return, which is significantly higher than IWN's 17.92% return. Over the past 10 years, IWV has outperformed IWN with an annualized return of 12.81%, while IWN has yielded a comparatively lower 8.18% 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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IWV vs. IWN - Expense Ratio Comparison
IWV has a 0.20% expense ratio, which is lower than IWN's 0.24% expense ratio. Despite the difference, 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
IWV vs. IWN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 3000 ETF (IWV) 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
IWV vs. IWN - Dividend Comparison
IWV's dividend yield for the trailing twelve months is around 1.07%, less than IWN's 1.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWV iShares Russell 3000 ETF | 1.07% | 1.30% | 1.56% | 1.04% | 1.30% | 1.69% | 1.97% | 1.58% | 1.79% | 1.99% | 1.62% | 1.61% |
IWN iShares Russell 2000 Value ETF | 1.66% | 2.04% | 2.12% | 1.48% | 1.60% | 1.92% | 1.99% | 1.78% | 1.74% | 2.15% | 1.88% | 1.77% |
Drawdowns
IWV vs. IWN - Drawdown Comparison
The maximum IWV drawdown since its inception was -55.61%, smaller than the maximum IWN drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for IWV and IWN. For additional features, visit the drawdowns tool.
Volatility
IWV vs. IWN - Volatility Comparison
The current volatility for iShares Russell 3000 ETF (IWV) is 4.10%, while iShares Russell 2000 Value ETF (IWN) has a volatility of 7.63%. This indicates that IWV 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.