IWY vs. ARCC
IWY (iShares Russell Top 200 Growth ETF) is Large Cap Growth Equities fund tracking the Russell Top 200 Growth Index, while ARCC (Ares Capital Corporation) is a stock. Over the past 10 years, IWY returned 19.24%/yr vs 13.20%/yr for ARCC. At a 0.46 correlation, their price movements are largely independent.
Performance
IWY vs. ARCC - Performance Comparison
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Returns By Period
In the year-to-date period, IWY achieves a 2.99% return, which is significantly higher than ARCC's -2.20% return. Over the past 10 years, IWY has outperformed ARCC with an annualized return of 19.24%, while ARCC has yielded a comparatively lower 13.20% annualized return.
IWY
- 1D
- -0.00%
- 1M
- -2.39%
- YTD
- 2.99%
- 6M
- 3.75%
- 1Y
- 19.83%
- 3Y*
- 23.03%
- 5Y*
- 15.15%
- 10Y*
- 19.24%
ARCC
- 1D
- 1.00%
- 1M
- 2.56%
- YTD
- -2.20%
- 6M
- -2.87%
- 1Y
- -5.06%
- 3Y*
- 10.27%
- 5Y*
- 9.04%
- 10Y*
- 13.20%
IWY vs. ARCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 2.99% | 18.19% | 34.89% | 46.49% | -29.91% | 31.05% | 39.01% | 36.20% | -0.72% | 31.69% |
ARCC Ares Capital Corporation | -2.20% | 1.07% | 19.78% | 20.03% | -3.84% | 36.14% | 0.86% | 31.30% | 8.81% | 4.50% |
Correlation
The correlation between IWY and ARCC is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2009 | 0.46 |
The correlation between IWY and ARCC shifts across timeframes, from 0.35 (3 years) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWY vs. ARCC — Risk / Return Rank
IWY
ARCC
IWY vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 Growth ETF (IWY) and Ares Capital Corporation (ARCC). 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.
| IWY | ARCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.97 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | -0.26 | +1.46 |
| Martin ratioReturn relative to average drawdown | 3.85 | -0.47 | +4.33 |
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Drawdowns
IWY vs. ARCC - Drawdown Comparison
The maximum IWY drawdown since its inception was -32.68%, smaller than the maximum ARCC drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for IWY and ARCC.
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Drawdown Indicators
| IWY | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.68% | -79.36% | +46.68% |
Max Drawdown (1Y)Largest decline over 1 year | -16.63% | -19.35% | +2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -23.22% | -19.35% | -3.87% |
Max Drawdown (5Y)Largest decline over 5 years | -32.68% | -21.76% | -10.92% |
Max Drawdown (10Y)Largest decline over 10 years | -32.68% | -56.77% | +24.09% |
Current DrawdownCurrent decline from peak | -5.68% | -10.98% | +5.30% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -9.10% | +4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 10.68% | -5.52% |
Volatility
IWY vs. ARCC - Volatility Comparison
iShares Russell Top 200 Growth ETF (IWY) has a higher volatility of 5.30% compared to Ares Capital Corporation (ARCC) at 3.72%. This indicates that IWY's price experiences larger fluctuations and is considered to be riskier than ARCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWY | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 3.72% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 12.38% | 14.83% | -2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.01% | 18.48% | -2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.54% | 19.96% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.01% | 25.58% | -4.57% |
Dividends
IWY vs. ARCC - Dividend Comparison
IWY's dividend yield for the trailing twelve months is around 0.34%, less than ARCC's 9.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 9.97% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
IWY iShares Russell Top 200 Growth ETF | 0.34% | 0.36% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% |
Frequently Asked Questions
IWY and ARCC have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWY has higher volatility (5.30%) compared to ARCC (3.72%). In terms of maximum drawdown, IWY dropped -32.68% vs ARCC's -79.36%.
IWY currently has the higher Sharpe Ratio (1.24 vs -0.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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