IWM vs. MMSC
Compare and contrast key facts about iShares Russell 2000 ETF (IWM) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC).
IWM and MMSC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000. MMSC is an actively managed fund by First Trust. It was launched on Oct 13, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWM or MMSC.
Performance
IWM vs. MMSC - Performance Comparison
Returns By Period
In the year-to-date period, IWM achieves a 15.06% return, which is significantly lower than MMSC's 24.90% return.
IWM
15.06%
1.45%
10.46%
30.00%
9.07%
8.45%
MMSC
24.90%
0.66%
7.86%
37.73%
N/A
N/A
Key characteristics
| IWM | MMSC | |
|---|---|---|
| Sharpe Ratio | 1.51 | 2.04 |
| Sortino Ratio | 2.20 | 2.76 |
| Omega Ratio | 1.26 | 1.35 |
| Calmar Ratio | 1.28 | 1.24 |
| Martin Ratio | 8.37 | 12.18 |
| Ulcer Index | 3.80% | 3.22% |
| Daily Std Dev | 21.00% | 19.20% |
| Max Drawdown | -59.05% | -40.82% |
| Current Drawdown | -5.28% | -5.82% |
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IWM vs. MMSC - Expense Ratio Comparison
IWM has a 0.19% expense ratio, which is lower than MMSC's 0.95% expense ratio.
Correlation
The correlation between IWM and MMSC is 0.94, 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
IWM vs. MMSC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 ETF (IWM) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC). 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
IWM vs. MMSC - Dividend Comparison
IWM's dividend yield for the trailing twelve months is around 1.12%, while MMSC has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 1.12% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
MMSC First Trust Multi-Manager Small Cap Opportunities ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IWM vs. MMSC - Drawdown Comparison
The maximum IWM drawdown since its inception was -59.05%, which is greater than MMSC's maximum drawdown of -40.82%. Use the drawdown chart below to compare losses from any high point for IWM and MMSC. For additional features, visit the drawdowns tool.
Volatility
IWM vs. MMSC - Volatility Comparison
iShares Russell 2000 ETF (IWM) has a higher volatility of 7.67% compared to First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) at 7.09%. This indicates that IWM's price experiences larger fluctuations and is considered to be riskier than MMSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.