IWY vs. SPY
Compare and contrast key facts about iShares Russell Top 200 Growth ETF (IWY) and SPDR S&P 500 ETF (SPY).
IWY and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both IWY and SPY 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: IWY or SPY.
Performance
IWY vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, IWY achieves a 29.23% return, which is significantly higher than SPY's 24.40% return. Over the past 10 years, IWY has outperformed SPY with an annualized return of 17.41%, while SPY has yielded a comparatively lower 13.04% annualized return.
IWY
29.23%
1.55%
13.28%
35.29%
20.44%
17.41%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| IWY | SPY | |
|---|---|---|
| Sharpe Ratio | 2.07 | 2.64 |
| Sortino Ratio | 2.71 | 3.53 |
| Omega Ratio | 1.38 | 1.49 |
| Calmar Ratio | 2.59 | 3.81 |
| Martin Ratio | 9.85 | 17.21 |
| Ulcer Index | 3.64% | 1.86% |
| Daily Std Dev | 17.32% | 12.15% |
| Max Drawdown | -32.68% | -55.19% |
| Current Drawdown | -2.88% | -2.17% |
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IWY vs. SPY - Expense Ratio Comparison
IWY has a 0.20% expense ratio, which is higher than SPY's 0.09% 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%.
Correlation
The correlation between IWY and SPY is 0.93, 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.
Risk-Adjusted Performance
IWY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 Growth ETF (IWY) and SPDR S&P 500 ETF (SPY). 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
IWY vs. SPY - Dividend Comparison
IWY's dividend yield for the trailing twelve months is around 0.50%, less than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 0.50% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% | 1.44% | 1.56% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
IWY vs. SPY - Drawdown Comparison
The maximum IWY drawdown since its inception was -32.68%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IWY and SPY. For additional features, visit the drawdowns tool.
Volatility
IWY vs. SPY - Volatility Comparison
iShares Russell Top 200 Growth ETF (IWY) has a higher volatility of 5.70% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that IWY's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.