PSHZF vs. IWB

Last updated Apr 1, 2026

Compare and contrast key facts about Pershing Square Holdings Ltd (PSHZF) and iShares Russell 1000 ETF (IWB).

IWB is a passively managed fund by iShares that tracks the performance of the Russell 1000 Index. It was launched on May 15, 2000.

Performance

PSHZF vs. IWB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pershing Square Holdings Ltd (PSHZF) and iShares Russell 1000 ETF (IWB). The values are adjusted to include any dividend payments, if applicable.

PSHZF vs. IWB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSHZF Pershing Square Holdings Ltd	-17.55%	36.74%	4.57%	37.43%	-15.13%	17.80%	89.27%	53.54%	-8.09%	-5.08%
IWB iShares Russell 1000 ETF	-4.29%	17.18%	24.32%	26.39%	-19.19%	26.32%	20.77%	31.06%	-4.90%	21.52%

Returns By Period

In the year-to-date period, PSHZF achieves a -17.55% return, which is significantly lower than IWB's -4.29% return. Over the past 10 years, PSHZF has outperformed IWB with an annualized return of 15.79%, while IWB has yielded a comparatively lower 13.74% annualized return.

PSHZF

• 1D: 1.48%
• 1M: -7.59%
• YTD: -17.55%
• 6M: -12.92%
• 1Y: 10.81%
• 3Y*: 16.69%
• 5Y*: 9.48%
• 10Y*: 15.79%

IWB

• 1D: 2.85%
• 1M: -5.01%
• YTD: -4.29%
• 6M: -1.92%
• 1Y: 17.47%
• 3Y*: 17.95%
• 5Y*: 10.89%
• 10Y*: 13.74%

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

Return for Risk

PSHZF vs. IWB — Risk / Return Rank

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

PSHZF

PSHZF Risk / Return Rank: 53
PSHZF Sharpe Ratio Rank: 58
PSHZF Sortino Ratio Rank: 50
PSHZF Omega Ratio Rank: 49
PSHZF Calmar Ratio Rank: 53
PSHZF Martin Ratio Rank: 57

IWB

IWB Risk / Return Rank: 64
IWB Sharpe Ratio Rank: 57
IWB Sortino Ratio Rank: 60
IWB Omega Ratio Rank: 64
IWB Calmar Ratio Rank: 63
IWB Martin Ratio Rank: 73

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.

PSHZF vs. IWB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pershing Square Holdings Ltd (PSHZF) and iShares Russell 1000 ETF (IWB). 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.

	PSHZF	IWB	Difference
Sharpe ratio Return per unit of total volatility	0.43	0.96	-0.53
Sortino ratio Return per unit of downside risk	0.76	1.47	-0.70
Omega ratio Gain probability vs. loss probability	1.10	1.22	-0.13
Calmar ratio Return relative to maximum drawdown	0.43	1.48	-1.05
Martin ratio Return relative to average drawdown	1.34	7.07	-5.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSHZF vs. IWB - Sharpe Ratio Comparison

The current PSHZF Sharpe Ratio is 0.43, which is lower than the IWB Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of PSHZF and IWB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PSHZF	IWB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.43	0.96	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.64	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.76	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.42	-0.13

Correlation

The correlation between PSHZF and IWB is 0.44, 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.

Dividends

PSHZF vs. IWB - Dividend Comparison

PSHZF's dividend yield for the trailing twelve months is around 1.26%, more than IWB's 1.06% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSHZF Pershing Square Holdings Ltd	1.26%	1.01%	1.21%	1.12%	1.38%	1.14%	1.35%	1.57%	0.00%	0.00%	0.00%	0.00%
IWB iShares Russell 1000 ETF	1.06%	1.00%	1.14%	1.31%	1.56%	1.09%	1.37%	1.71%	2.06%	1.64%	1.89%	1.95%

Drawdowns

PSHZF vs. IWB - Drawdown Comparison

The maximum PSHZF drawdown since its inception was -56.97%, roughly equal to the maximum IWB drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for PSHZF and IWB.

Drawdown Indicators

	PSHZF	IWB	Difference
Max Drawdown Largest peak-to-trough decline	-56.97%	-55.38%	-1.59%
Max Drawdown (1Y) Largest decline over 1 year	-22.81%	-12.21%	-10.60%
Max Drawdown (5Y) Largest decline over 5 years	-31.46%	-25.20%	-6.26%
Max Drawdown (10Y) Largest decline over 10 years	-32.96%	-34.60%	+1.64%
Current Drawdown Current decline from peak	-20.26%	-6.26%	-14.00%
Average Drawdown Average peak-to-trough decline	-23.25%	-10.92%	-12.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.39%	2.56%	+4.83%

Volatility

PSHZF vs. IWB - Volatility Comparison

Pershing Square Holdings Ltd (PSHZF) has a higher volatility of 8.82% compared to iShares Russell 1000 ETF (IWB) at 5.34%. This indicates that PSHZF's price experiences larger fluctuations and is considered to be riskier than IWB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSHZF	IWB	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.82%	5.34%	+3.48%
Volatility (6M) Calculated over the trailing 6-month period	15.76%	9.55%	+6.21%
Volatility (1Y) Calculated over the trailing 1-year period	25.29%	18.33%	+6.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.15%	17.12%	+7.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.19%	18.13%	+7.06%