NKLA vs. IWC
Compare and contrast key facts about Nikola Corporation (NKLA) and iShares Microcap ETF (IWC).
IWC is a passively managed fund by iShares that tracks the performance of the Russell Microcap Index. It was launched on Aug 12, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NKLA or IWC.
Key characteristics
| NKLA | IWC | |
|---|---|---|
| YTD Return | -30.96% | -1.94% |
| 1Y Return | -29.73% | 15.38% |
| 3Y Return (Ann) | -62.67% | -7.22% |
| 5Y Return (Ann) | -44.77% | 4.55% |
| Sharpe Ratio | -0.20 | 0.59 |
| Daily Std Dev | 139.51% | 21.76% |
| Max Drawdown | -99.32% | -64.61% |
| Current Drawdown | -99.24% | -25.88% |
Correlation
The correlation between NKLA and IWC is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NKLA vs. IWC - Performance Comparison
In the year-to-date period, NKLA achieves a -30.96% return, which is significantly lower than IWC's -1.94% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NKLA vs. IWC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nikola Corporation (NKLA) and iShares Microcap ETF (IWC). 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
NKLA vs. IWC - Dividend Comparison
NKLA has not paid dividends to shareholders, while IWC's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NKLA Nikola Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWC iShares Microcap ETF | 1.18% | 1.17% | 1.18% | 0.78% | 0.98% | 1.19% | 1.01% | 1.09% | 1.16% | 1.49% | 1.11% | 1.01% |
Drawdowns
NKLA vs. IWC - Drawdown Comparison
The maximum NKLA drawdown since its inception was -99.32%, which is greater than IWC's maximum drawdown of -64.61%. Use the drawdown chart below to compare losses from any high point for NKLA and IWC. For additional features, visit the drawdowns tool.
Volatility
NKLA vs. IWC - Volatility Comparison
Nikola Corporation (NKLA) has a higher volatility of 35.78% compared to iShares Microcap ETF (IWC) at 5.95%. This indicates that NKLA's price experiences larger fluctuations and is considered to be riskier than IWC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.