IWX vs. IWY
Compare and contrast key facts about iShares Russell Top 200 Value ETF (IWX) and iShares Russell Top 200 Growth ETF (IWY).
IWX and IWY 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. IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth Index. It was launched on Sep 22, 2009. Both IWX and IWY 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 IWY.
Key characteristics
| IWX | IWY | |
|---|---|---|
| YTD Return | 5.26% | 7.10% |
| 1Y Return | 12.92% | 33.81% |
| 3Y Return (Ann) | 5.93% | 9.99% |
| 5Y Return (Ann) | 8.84% | 18.07% |
| 10Y Return (Ann) | 8.50% | 16.53% |
| Sharpe Ratio | 1.29 | 2.18 |
| Daily Std Dev | 9.94% | 15.51% |
| Max Drawdown | -35.76% | -32.68% |
| Current Drawdown | -3.67% | -4.78% |
Correlation
The correlation between IWX and IWY is 0.74, 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. IWY - Performance Comparison
In the year-to-date period, IWX achieves a 5.26% return, which is significantly lower than IWY's 7.10% return. Over the past 10 years, IWX has underperformed IWY with an annualized return of 8.50%, while IWY has yielded a comparatively higher 16.53% 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. IWY - Expense Ratio Comparison
Both IWX and IWY have an expense ratio of 0.20%, 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
IWX vs. IWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 Value ETF (IWX) and iShares Russell Top 200 Growth ETF (IWY). 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. IWY - Dividend Comparison
IWX's dividend yield for the trailing twelve months is around 2.08%, more than IWY's 0.62% 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% |
IWY iShares Russell Top 200 Growth ETF | 0.62% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% | 1.44% | 1.56% |
Drawdowns
IWX vs. IWY - Drawdown Comparison
The maximum IWX drawdown since its inception was -35.76%, which is greater than IWY's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for IWX and IWY. For additional features, visit the drawdowns tool.
Volatility
IWX vs. IWY - Volatility Comparison
The current volatility for iShares Russell Top 200 Value ETF (IWX) is 3.08%, while iShares Russell Top 200 Growth ETF (IWY) has a volatility of 5.37%. This indicates that IWX experiences smaller price fluctuations and is considered to be less risky than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.