MUTHX vs. IWD

Last updated Jun 4, 2026

MUTHX (Franklin Mutual Shares Fund) and IWD (iShares Russell 1000 Value ETF) are both funds - MUTHX is a Diversified Portfolio fund managed by Franklin Templeton, while IWD is a Large Cap Value Equities fund tracking the Russell 1000 Value Index. Over the past 10 years, MUTHX returned 7.52%/yr vs 11.23%/yr for IWD. Their correlation of 0.91 suggests significant overlap in exposure. MUTHX charges 0.75%/yr vs 0.18%/yr for IWD.

Performance

MUTHX vs. IWD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Mutual Shares Fund (MUTHX) and iShares Russell 1000 Value ETF (IWD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MUTHX achieves a 3.36% return, which is significantly lower than IWD's 14.20% return. Over the past 10 years, MUTHX has underperformed IWD with an annualized return of 7.52%, while IWD has yielded a comparatively higher 11.23% annualized return.

MUTHX

• 1D: 0.15%
• 1M: 0.41%
• YTD: 3.36%
• 6M: 5.42%
• 1Y: 12.43%
• 3Y*: 13.31%
• 5Y*: 6.45%
• 10Y*: 7.52%

IWD

• 1D: -0.01%
• 1M: 4.22%
• YTD: 14.20%
• 6M: 14.76%
• 1Y: 28.16%
• 3Y*: 18.40%
• 5Y*: 10.17%
• 10Y*: 11.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MUTHX vs. IWD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MUTHX Franklin Mutual Shares Fund	3.36%	11.83%	12.42%	13.86%	-7.11%	19.27%	-4.34%	23.20%	-9.06%	8.39%
IWD iShares Russell 1000 Value ETF	14.20%	15.68%	14.17%	11.34%	-7.75%	24.95%	2.73%	26.12%	-8.45%	13.45%

Correlation

The correlation between MUTHX and IWD is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since May 30, 2000	0.91

The correlation between MUTHX and IWD has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

MUTHX vs. IWD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MUTHX

MUTHX Risk / Return Rank: 18
MUTHX Sharpe Ratio Rank: 19
MUTHX Sortino Ratio Rank: 19
MUTHX Omega Ratio Rank: 18
MUTHX Calmar Ratio Rank: 18
MUTHX Martin Ratio Rank: 18

IWD

IWD Risk / Return Rank: 80
IWD Sharpe Ratio Rank: 79
IWD Sortino Ratio Rank: 82
IWD Omega Ratio Rank: 78
IWD Calmar Ratio Rank: 79
IWD Martin Ratio Rank: 84

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.

MUTHX vs. IWD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Mutual Shares Fund (MUTHX) and iShares Russell 1000 Value ETF (IWD). 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.

	MUTHX	IWD	Difference
Sharpe ratio Return per unit of total volatility	1.23	2.63	-1.40
Sortino ratio Return per unit of downside risk	1.81	3.71	-1.90
Omega ratio Gain probability vs. loss probability	1.22	1.47	-0.25
Calmar ratio Return relative to maximum drawdown	1.52	4.17	-2.65
Martin ratio Return relative to average drawdown	4.98	17.46	-12.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MUTHX vs. IWD - Sharpe Ratio Comparison

The current MUTHX Sharpe Ratio is 1.23, which is lower than the IWD Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of MUTHX and IWD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MUTHX	IWD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	2.63	-1.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.69	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.65	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.43	+0.17

Drawdowns

MUTHX vs. IWD - Drawdown Comparison

The maximum MUTHX drawdown since its inception was -53.53%, smaller than the maximum IWD drawdown of -60.10%. Use the drawdown chart below to compare losses from any high point for MUTHX and IWD.

Drawdown Indicators

	MUTHX	IWD	Difference
Max Drawdown Largest peak-to-trough decline	-53.53%	-60.10%	+6.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-6.79%	-2.42%
Max Drawdown (3Y) Largest decline over 3 years	-15.50%	-15.71%	+0.21%
Max Drawdown (5Y) Largest decline over 5 years	-20.96%	-19.04%	-1.92%
Max Drawdown (10Y) Largest decline over 10 years	-39.45%	-38.51%	-0.94%
Current Drawdown Current decline from peak	-2.16%	-0.01%	-2.15%
Average Drawdown Average peak-to-trough decline	-6.52%	-8.65%	+2.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	1.62%	+1.18%

Volatility

MUTHX vs. IWD - Volatility Comparison

Franklin Mutual Shares Fund (MUTHX) and iShares Russell 1000 Value ETF (IWD) have volatilities of 2.89% and 2.90%, 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.

Volatility by Period

	MUTHX	IWD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	2.90%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	8.33%	8.06%	+0.27%
Volatility (1Y) Calculated over the trailing 1-year period	11.38%	10.77%	+0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.64%	14.81%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	17.29%	-0.38%

MUTHX vs. IWD - Expense Ratio Comparison

MUTHX has a 0.75% expense ratio, which is higher than IWD's 0.18% expense ratio.

Dividends

MUTHX vs. IWD - Dividend Comparison

MUTHX's dividend yield for the trailing twelve months is around 7.33%, more than IWD's 1.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWD iShares Russell 1000 Value ETF	1.50%	1.69%	1.87%	2.02%	2.15%	1.62%	2.05%	2.45%	2.71%	2.09%	2.25%	2.47%
MUTHX Franklin Mutual Shares Fund	7.33%	7.58%	10.40%	5.92%	9.67%	11.31%	3.74%	8.08%	7.33%	6.79%	3.74%	7.00%

Frequently Asked Questions

Can I hold both MUTHX and IWD in my portfolio?

With a correlation of 0.91, MUTHX and IWD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MUTHX or IWD?

IWD has higher volatility (2.90%) compared to MUTHX (2.89%). In terms of maximum drawdown, MUTHX dropped -53.53% vs IWD's -60.10%.

Which has better risk-adjusted returns?

IWD currently has the higher Sharpe Ratio (2.63 vs 1.23), 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.