OTCFX vs. IWM
OTCFX (T. Rowe Price Small-Cap Stock Fund) and IWM (iShares Russell 2000 ETF) are both funds - OTCFX is a Small Cap Growth Equities fund managed by T. Rowe Price, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Over the past 10 years, OTCFX returned 11.35%/yr vs 10.70%/yr for IWM. Their 0.96 correlation means they have historically moved very closely together. OTCFX charges 0.85%/yr vs 0.19%/yr for IWM.
Performance
OTCFX vs. IWM - Performance Comparison
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Returns By Period
In the year-to-date period, OTCFX achieves a 14.05% return, which is significantly lower than IWM's 18.79% return. Over the past 10 years, OTCFX has outperformed IWM with an annualized return of 11.35%, while IWM has yielded a comparatively lower 10.70% annualized return.
OTCFX
- 1D
- 2.30%
- 1M
- -3.26%
- 6M
- 6.63%
- YTD
- 14.05%
- 1Y
- 24.30%
- 3Y*
- 12.52%
- 5Y*
- 4.98%
- 10Y*
- 11.35%
- ALL TIME*
- 10.25%
IWM
- 1D
- -0.48%
- 1M
- -2.14%
- 6M
- 12.62%
- YTD
- 18.79%
- 1Y
- 36.90%
- 3Y*
- 15.11%
- 5Y*
- 6.99%
- 10Y*
- 10.70%
- ALL TIME*
- 8.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.67B | $6.32B | $7.45B | |
| $0.00 | $0.00 | $0.00 |
OTCFX vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OTCFX T. Rowe Price Small-Cap Stock Fund | 14.05% | 8.37% | 11.48% | 17.56% | -23.47% | 17.07% | 25.05% | 33.61% | -3.39% | 15.13% |
IWM iShares Russell 2000 ETF | 18.79% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
Correlation
The correlation between OTCFX and IWM is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since May 26, 2000 | 0.96 |
The correlation between OTCFX and IWM has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.
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Return for Risk
OTCFX vs. IWM — Risk / Return Rank
OTCFX
IWM
OTCFX vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Small-Cap Stock Fund (OTCFX) and iShares Russell 2000 ETF (IWM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OTCFX | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.30 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 3.11 | -1.03 |
| Martin ratioReturn relative to average drawdown | 7.31 | 11.02 | -3.71 |
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Drawdowns
OTCFX vs. IWM - Drawdown Comparison
The maximum OTCFX drawdown since its inception was -56.37%, roughly equal to the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for OTCFX and IWM.
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Drawdown Indicators
| OTCFX | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.37% | -59.05% | +2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.75% | -11.03% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -23.51% | -27.50% | +3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -32.44% | -31.91% | -0.53% |
Max Drawdown (10Y)Largest decline over 10 years | -37.71% | -41.13% | +3.42% |
Current DrawdownCurrent decline from peak | -5.10% | -3.08% | -2.02% |
Average DrawdownAverage peak-to-trough decline | -8.21% | -10.71% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 3.11% | -0.07% |
Volatility
OTCFX vs. IWM - Volatility Comparison
T. Rowe Price Small-Cap Stock Fund (OTCFX) has a higher volatility of 4.93% compared to iShares Russell 2000 ETF (IWM) at 3.82%. This indicates that OTCFX's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OTCFX | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 3.82% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 14.62% | 14.12% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.87% | 19.41% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.19% | 22.48% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.43% | 23.01% | -2.58% |
OTCFX vs. IWM - Expense Ratio Comparison
OTCFX has a 0.85% expense ratio, which is higher than IWM's 0.19% expense ratio.
Dividends
OTCFX vs. IWM - Dividend Comparison
OTCFX's dividend yield for the trailing twelve months is around 6.25%, more than IWM's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 0.91% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
OTCFX T. Rowe Price Small-Cap Stock Fund | 6.25% | 7.13% | 16.00% | 3.80% | 4.12% | 7.08% | 2.28% | 5.35% | 12.43% | 8.39% | 1.89% | 10.93% |
Frequently Asked Questions
OTCFX and IWM have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OTCFX has higher volatility (4.93%) compared to IWM (3.82%). In terms of maximum drawdown, OTCFX dropped -56.37% vs IWM's -59.05%.
IWM currently has the higher Sharpe Ratio (1.77 vs 1.18), 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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