IWY vs. BINC
IWY (iShares Russell Top 200 Growth ETF) and BINC (iShares Flexible Income Active ETF) are both exchange-traded funds - IWY is a Large Cap Growth Equities fund tracking the Russell Top 200 Growth Index, while BINC is a Multisector Bonds fund actively managed by iShares. IWY is passively managed, while BINC is actively managed. Over the past 3 years, IWY returned 23.50%/yr vs 7.04%/yr for BINC. At a 0.35 correlation, their price movements are largely independent. IWY charges 0.20%/yr vs 0.40%/yr for BINC.
Performance
IWY vs. BINC - Performance Comparison
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Returns By Period
In the year-to-date period, IWY achieves a 5.40% return, which is significantly higher than BINC's 1.29% return.
IWY
- 1D
- 2.34%
- 1M
- -0.22%
- YTD
- 5.40%
- 6M
- 6.65%
- 1Y
- 24.23%
- 3Y*
- 23.50%
- 5Y*
- 15.67%
- 10Y*
- 19.59%
BINC
- 1D
- 0.15%
- 1M
- 0.92%
- YTD
- 1.29%
- 6M
- 1.78%
- 1Y
- 5.90%
- 3Y*
- 7.04%
- 5Y*
- —
- 10Y*
- —
IWY vs. BINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 5.40% | 18.19% | 34.89% | 20.44% |
BINC iShares Flexible Income Active ETF | 1.29% | 7.57% | 5.76% | 7.12% |
Correlation
The correlation between IWY and BINC is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 23, 2023 | 0.35 |
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Return for Risk
IWY vs. BINC — Risk / Return Rank
IWY
BINC
IWY vs. BINC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 Growth ETF (IWY) and iShares Flexible Income Active ETF (BINC). 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 | BINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.52 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.20 | -0.74 |
| Martin ratioReturn relative to average drawdown | 4.70 | 8.60 | -3.90 |
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Drawdowns
IWY vs. BINC - Drawdown Comparison
The maximum IWY drawdown since its inception was -32.68%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for IWY and BINC.
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Drawdown Indicators
| IWY | BINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.68% | -2.69% | -29.99% |
Max Drawdown (1Y)Largest decline over 1 year | -16.63% | -2.69% | -13.94% |
Max Drawdown (3Y)Largest decline over 3 years | -23.22% | -2.69% | -20.53% |
Max Drawdown (5Y)Largest decline over 5 years | -32.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.68% | — | — |
Current DrawdownCurrent decline from peak | -3.47% | -0.10% | -3.37% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -0.36% | -4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.17% | 0.69% | +4.48% |
Volatility
IWY vs. BINC - Volatility Comparison
iShares Russell Top 200 Growth ETF (IWY) has a higher volatility of 5.68% compared to iShares Flexible Income Active ETF (BINC) at 0.75%. This indicates that IWY's price experiences larger fluctuations and is considered to be riskier than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWY | BINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 0.75% | +4.93% |
Volatility (6M)Calculated over the trailing 6-month period | 12.59% | 1.87% | +10.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.14% | 2.30% | +13.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.57% | 2.99% | +18.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.03% | 2.99% | +18.04% |
IWY vs. BINC - Expense Ratio Comparison
IWY has a 0.20% expense ratio, which is lower than BINC's 0.40% expense ratio.
Dividends
IWY vs. BINC - Dividend Comparison
IWY's dividend yield for the trailing twelve months is around 0.43%, less than BINC's 5.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 5.84% | 5.86% | 6.14% | 3.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWY iShares Russell Top 200 Growth ETF | 0.43% | 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 BINC have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWY has higher volatility (5.68%) compared to BINC (0.75%). In terms of maximum drawdown, IWY dropped -32.68% vs BINC's -2.69%.
On 3-year performance, IWY leads with 23.50% vs 7.04% for BINC. On fees, IWY is cheaper at 0.20% per year. On volatility, BINC has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IWY has performed better with a 23.50% return vs 7.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWY is cheaper with a 0.20% expense ratio, compared with 0.40% for BINC.
BINC has the higher dividend yield at 5.84%, compared with 0.43% for IWY.
IWY is categorized as Large Cap Growth Equities, while BINC is Multisector Bonds. Their fees differ too: 0.20% for IWY and 0.40% for BINC.
BINC currently has the higher Sharpe Ratio (2.58 vs 1.51), 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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