JKE vs. IWY
Compare and contrast key facts about iShares Morningstar Large-Cap Growth ETF (JKE) and iShares Russell Top 200 Growth ETF (IWY).
JKE and IWY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JKE is a passively managed fund by iShares that tracks the performance of the Morningstar Large Growth Index. It was launched on Jun 28, 2004. 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 JKE 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: JKE or IWY.
Performance
JKE vs. IWY - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with JKE having a 31.44% return and IWY slightly lower at 30.89%. Over the past 10 years, JKE has underperformed IWY with an annualized return of -2.01%, while IWY has yielded a comparatively higher 17.45% annualized return.
JKE
31.44%
4.73%
14.55%
36.80%
-14.87%
-2.01%
IWY
30.89%
3.21%
13.40%
35.63%
20.83%
17.45%
Key characteristics
| JKE | IWY | |
|---|---|---|
| Sharpe Ratio | 2.20 | 2.06 |
| Sortino Ratio | 2.85 | 2.69 |
| Omega Ratio | 1.40 | 1.38 |
| Calmar Ratio | 0.47 | 2.57 |
| Martin Ratio | 11.82 | 9.76 |
| Ulcer Index | 3.16% | 3.65% |
| Daily Std Dev | 17.00% | 17.32% |
| Max Drawdown | -84.91% | -32.68% |
| Current Drawdown | -71.41% | -1.63% |
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JKE vs. IWY - Expense Ratio Comparison
JKE has a 0.25% expense ratio, which is higher than IWY's 0.20% 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 JKE and IWY is 0.96, 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
JKE vs. IWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Large-Cap Growth ETF (JKE) 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
JKE vs. IWY - Dividend Comparison
JKE's dividend yield for the trailing twelve months is around 0.52%, more than IWY's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JKE iShares Morningstar Large-Cap Growth ETF | 0.52% | 0.53% | 0.05% | 0.05% | 0.28% | 0.19% | 0.00% | 0.02% | 0.00% | 0.00% | 0.46% | 0.00% |
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% |
Drawdowns
JKE vs. IWY - Drawdown Comparison
The maximum JKE drawdown since its inception was -84.91%, which is greater than IWY's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for JKE and IWY. For additional features, visit the drawdowns tool.
Volatility
JKE vs. IWY - Volatility Comparison
iShares Morningstar Large-Cap Growth ETF (JKE) and iShares Russell Top 200 Growth ETF (IWY) have volatilities of 5.46% and 5.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.