PENN vs. IWM
Compare and contrast key facts about Penn National Gaming, Inc. (PENN) and iShares Russell 2000 ETF (IWM).
IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PENN or IWM.
Key characteristics
| PENN | IWM | |
|---|---|---|
| YTD Return | -36.43% | -2.15% |
| 1Y Return | -45.82% | 13.29% |
| 3Y Return (Ann) | -43.04% | -3.25% |
| 5Y Return (Ann) | -3.78% | 5.86% |
| 10Y Return (Ann) | 4.45% | 7.19% |
| Sharpe Ratio | -0.86 | 0.67 |
| Daily Std Dev | 51.51% | 19.82% |
| Max Drawdown | -88.19% | -59.05% |
| Current Drawdown | -87.88% | -16.38% |
Correlation
The correlation between PENN and IWM is 0.49, 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
PENN vs. IWM - Performance Comparison
In the year-to-date period, PENN achieves a -36.43% return, which is significantly lower than IWM's -2.15% return. Over the past 10 years, PENN has underperformed IWM with an annualized return of 4.45%, while IWM has yielded a comparatively higher 7.19% annualized 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
PENN vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Penn National Gaming, Inc. (PENN) 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.
Dividends
PENN vs. IWM - Dividend Comparison
PENN has not paid dividends to shareholders, while IWM's dividend yield for the trailing twelve months is around 1.32%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PENN Penn National Gaming, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.96% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 1.32% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
PENN vs. IWM - Drawdown Comparison
The maximum PENN drawdown since its inception was -88.19%, which is greater than IWM's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for PENN and IWM. For additional features, visit the drawdowns tool.
Volatility
PENN vs. IWM - Volatility Comparison
Penn National Gaming, Inc. (PENN) has a higher volatility of 11.94% compared to iShares Russell 2000 ETF (IWM) at 5.45%. This indicates that PENN'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.