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LAES vs. IWR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LAES vs. IWR

Last updated Jun 9, 2026

LAES (SEALSQ Corp) is a stock, while IWR (iShares Russell Midcap ETF) is Mid Cap Growth Equities fund tracking the Russell Midcap Index. Over the past 3 years, LAES returned -31.28%/yr vs 16.25%/yr for IWR. At a 0.30 correlation, their price movements are largely independent.

Performance

LAES vs. IWR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEALSQ Corp (LAES) and iShares Russell Midcap ETF (IWR). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, LAES achieves a -14.81% return, which is significantly lower than IWR's 10.71% return.

LAES

1D
0.63%
1M
10.27%
YTD
-14.81%
6M
-34.42%
1Y
-6.94%
3Y*
-31.28%
5Y*
—
10Y*
—

IWR

1D
0.08%
1M
1.05%
YTD
10.71%
6M
10.50%
1Y
19.23%
3Y*
16.25%
5Y*
7.68%
10Y*
11.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LAES vs. IWR - Yearly Performance Comparison

2026 (YTD)202520242023
LAES
SEALSQ Corp		-14.81%-38.54%380.47%-92.82%
IWR
iShares Russell Midcap ETF		10.71%10.37%15.21%15.08%

Correlation

The correlation between LAES and IWR is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (All Time)
Calculated using the full available price history since May 24, 2023

0.30

The correlation between LAES and IWR shifts across timeframes, from 0.30 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.

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SEALSQ Corp

iShares Russell Midcap ETF

Often compared with LAES:
LAES vs. ARQQLAES vs. WKEYLAES vs. IONQLAES vs. RGTILAES vs. BBAILAES vs. QSILAES vs. APLD
Often compared with IWR:
IWR vs. VOIWR vs. IWDIWR vs. SPMDIWR vs. IWNIWR vs. SCHMIWR vs. VXFIWR vs. REGL

Return for Risk

LAES vs. IWR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LAES
LAES Risk / Return Rank: 4343
Overall Rank
LAES Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
LAES Sortino Ratio Rank: 5050
Sortino Ratio Rank
LAES Omega Ratio Rank: 4747
Omega Ratio Rank
LAES Calmar Ratio Rank: 3939
Calmar Ratio Rank
LAES Martin Ratio Rank: 3939
Martin Ratio Rank
IWR
IWR Risk / Return Rank: 4949
Overall Rank
IWR Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
IWR Sortino Ratio Rank: 4646
Sortino Ratio Rank
IWR Omega Ratio Rank: 4343
Omega Ratio Rank
IWR Calmar Ratio Rank: 5353
Calmar Ratio Rank
IWR Martin Ratio Rank: 5757
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LAES vs. IWR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEALSQ Corp (LAES) and iShares Russell Midcap ETF (IWR). 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.

LAESIWRDifference
Sharpe ratioReturn per unit of total volatility
-0.06
1.43

-1.49

Sortino ratioReturn per unit of downside risk
0.78
2.07

-1.29

Omega ratioGain probability vs. loss probability

1.08

1.25

-0.17

Calmar ratioReturn relative to maximum drawdown

-0.10

2.37

-2.46

Martin ratioReturn relative to average drawdown

-0.16

9.09

-9.25

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LAES vs. IWR - Sharpe Ratio Comparison

The current LAES Sharpe Ratio is -0.06, which is lower than the IWR Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of LAES and IWR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

LAESIWRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.06

1.43

-1.49

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.42

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.59

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.28

0.49

-0.77

Drawdowns

LAES vs. IWR - Drawdown Comparison

The maximum LAES drawdown since its inception was -98.44%, which is greater than IWR's maximum drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for LAES and IWR.

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Drawdown Indicators

LAESIWRDifference

Max Drawdown

Largest peak-to-trough decline

-98.44%

-58.78%

-39.66%

Max Drawdown (1Y)

Largest decline over 1 year

-72.68%

-8.17%

-64.51%

Max Drawdown (3Y)

Largest decline over 3 years

-98.07%

-21.09%

-76.98%

Max Drawdown (5Y)

Largest decline over 5 years

—

-26.18%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.59%

—

Current Drawdown

Current decline from peak

-85.34%

-2.04%

-83.30%

Average Drawdown

Average peak-to-trough decline

-84.70%

-7.80%

-76.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

42.96%

2.12%

+40.84%

Volatility

LAES vs. IWR - Volatility Comparison

SEALSQ Corp (LAES) has a higher volatility of 28.36% compared to iShares Russell Midcap ETF (IWR) at 3.59%. This indicates that LAES's price experiences larger fluctuations and is considered to be riskier than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LAESIWRDifference

Volatility (1M)

Calculated over the trailing 1-month period

28.36%

3.59%

+24.77%

Volatility (6M)

Calculated over the trailing 6-month period

66.00%

10.06%

+55.94%

Volatility (1Y)

Calculated over the trailing 1-year period

110.53%

13.54%

+96.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

170.27%

18.25%

+152.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

170.27%

19.38%

+150.89%

Dividends

LAES vs. IWR - Dividend Comparison

LAES has not paid dividends to shareholders, while IWR's dividend yield for the trailing twelve months is around 1.17%.

PositionTTM20252024202320222021202020192018201720162015
IWR
iShares Russell Midcap ETF		1.17%1.29%1.27%1.43%1.59%1.04%1.28%1.43%1.98%1.52%1.72%1.59%
LAES
SEALSQ Corp		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

LAES and IWR have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

LAES has higher volatility (28.36%) compared to IWR (3.59%). In terms of maximum drawdown, LAES dropped -98.44% vs IWR's -58.78%.

IWR currently has the higher Sharpe Ratio (1.43 vs -0.06), 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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