IWX vs. IVE
Compare and contrast key facts about iShares Russell Top 200 Value ETF (IWX) and iShares S&P 500 Value ETF (IVE).
IWX and IVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWX is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Value Index. It was launched on Sep 22, 2009. IVE is a passively managed fund by iShares that tracks the performance of the S&P 500 Value Index. It was launched on May 22, 2000. Both IWX and IVE 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: IWX or IVE.
Key characteristics
| IWX | IVE | |
|---|---|---|
| YTD Return | 5.02% | 3.04% |
| 1Y Return | 14.36% | 19.26% |
| 3Y Return (Ann) | 5.84% | 8.91% |
| 5Y Return (Ann) | 8.63% | 11.12% |
| 10Y Return (Ann) | 8.47% | 9.84% |
| Sharpe Ratio | 1.27 | 1.61 |
| Daily Std Dev | 9.95% | 11.05% |
| Max Drawdown | -35.76% | -61.32% |
| Current Drawdown | -3.89% | -4.52% |
Correlation
The correlation between IWX and IVE is 0.94, 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
IWX vs. IVE - Performance Comparison
In the year-to-date period, IWX achieves a 5.02% return, which is significantly higher than IVE's 3.04% return. Over the past 10 years, IWX has underperformed IVE with an annualized return of 8.47%, while IVE has yielded a comparatively higher 9.84% 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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IWX vs. IVE - Expense Ratio Comparison
IWX has a 0.20% expense ratio, which is higher than IVE's 0.18% 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%.
Risk-Adjusted Performance
IWX vs. IVE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 Value ETF (IWX) and iShares S&P 500 Value ETF (IVE). 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
IWX vs. IVE - Dividend Comparison
IWX's dividend yield for the trailing twelve months is around 2.08%, more than IVE's 1.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWX iShares Russell Top 200 Value ETF | 2.08% | 2.13% | 2.07% | 1.79% | 2.12% | 2.60% | 2.66% | 2.12% | 2.22% | 2.77% | 2.19% | 1.89% |
IVE iShares S&P 500 Value ETF | 1.69% | 1.65% | 2.10% | 1.81% | 2.37% | 2.11% | 2.74% | 2.12% | 2.26% | 2.44% | 2.14% | 2.04% |
Drawdowns
IWX vs. IVE - Drawdown Comparison
The maximum IWX drawdown since its inception was -35.76%, smaller than the maximum IVE drawdown of -61.32%. Use the drawdown chart below to compare losses from any high point for IWX and IVE. For additional features, visit the drawdowns tool.
Volatility
IWX vs. IVE - Volatility Comparison
iShares Russell Top 200 Value ETF (IWX) and iShares S&P 500 Value ETF (IVE) have volatilities of 3.06% and 3.09%, 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.