IWX vs. KWIN
IWX (iShares Russell Top 200 Value ETF) and KWIN (KraneShares Wahed Alternative Income Index ETF) are both Large Cap Value Equities funds - IWX tracks the Russell Top 200 Value Index while KWIN tracks the Wahed Alternative Income Index. Both are passively managed. At a 0.10 correlation, their price movements are largely independent. IWX charges 0.20%/yr vs 0.51%/yr for KWIN.
Performance
IWX vs. KWIN - Performance Comparison
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Returns By Period
In the year-to-date period, IWX achieves a 17.71% return, which is significantly higher than KWIN's 1.72% return.
IWX
- 1D
- -0.68%
- 1M
- 2.21%
- 6M
- 14.37%
- YTD
- 17.71%
- 1Y
- 28.60%
- 3Y*
- 18.98%
- 5Y*
- 12.15%
- 10Y*
- 11.66%
KWIN
- 1D
- 0.13%
- 1M
- 0.25%
- 6M
- 1.37%
- YTD
- 1.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWX vs. KWIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IWX iShares Russell Top 200 Value ETF | 17.71% | 4.58% |
KWIN KraneShares Wahed Alternative Income Index ETF | 1.72% | 0.61% |
Correlation
The correlation between IWX and KWIN is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | 0.10 |
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Return for Risk
IWX vs. KWIN — Risk / Return Rank
IWX
KWIN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWX vs. KWIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 Value ETF (IWX) and KraneShares Wahed Alternative Income Index ETF (KWIN). 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.
| IWX | KWIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.48 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.36 | — | — |
| Martin ratioReturn relative to average drawdown | 18.63 | — | — |
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Drawdowns
IWX vs. KWIN - Drawdown Comparison
The maximum IWX drawdown since its inception was -35.76%, which is greater than KWIN's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for IWX and KWIN.
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Drawdown Indicators
| IWX | KWIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.76% | -1.50% | -34.26% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.37% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.76% | — | — |
Current DrawdownCurrent decline from peak | -0.75% | -1.32% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -0.26% | -3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | — | — |
Volatility
IWX vs. KWIN - Volatility Comparison
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Volatility by Period
| IWX | KWIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.40% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.71% | 4.15% | +6.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 4.15% | +9.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 4.15% | +12.33% |
IWX vs. KWIN - Expense Ratio Comparison
IWX has a 0.20% expense ratio, which is lower than KWIN's 0.51% expense ratio.
Dividends
IWX vs. KWIN - Dividend Comparison
IWX's dividend yield for the trailing twelve months is around 1.43%, while KWIN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWX iShares Russell Top 200 Value ETF | 1.43% | 1.59% | 1.97% | 2.13% | 2.07% | 1.79% | 2.12% | 2.60% | 2.66% | 2.12% | 2.22% | 2.77% |
KWIN KraneShares Wahed Alternative Income Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWX and KWIN have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWX is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWX is cheaper with a 0.20% expense ratio, compared with 0.51% for KWIN.
IWX has the higher dividend yield at 1.43%, compared with 0.00% for KWIN.
IWX tracks Russell Top 200 Value Index, while KWIN tracks Wahed Alternative Income Index. They also come from different issuers: iShares and KraneShares. Their fees differ too: 0.20% for IWX and 0.51% for KWIN.
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