PSHZF vs. IWB
PSHZF (Pershing Square Holdings Ltd) is a stock, while IWB (iShares Russell 1000 ETF) is Large Cap Blend Equities fund tracking the Russell 1000 Index. Over the past 10 years, PSHZF returned 13.91%/yr vs 15.17%/yr for IWB. At a 0.44 correlation, their price movements are largely independent.
Performance
PSHZF vs. IWB - Performance Comparison
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Returns By Period
In the year-to-date period, PSHZF achieves a -19.44% return, which is significantly lower than IWB's 10.54% return. Over the past 10 years, PSHZF has underperformed IWB with an annualized return of 13.91%, while IWB has yielded a comparatively higher 15.17% annualized return.
PSHZF
- 1D
- -1.99%
- 1M
- -6.22%
- YTD
- -19.44%
- 6M
- -19.38%
- 1Y
- -1.27%
- 3Y*
- 15.95%
- 5Y*
- 8.92%
- 10Y*
- 13.91%
IWB
- 1D
- -0.71%
- 1M
- 4.95%
- YTD
- 10.54%
- 6M
- 10.51%
- 1Y
- 27.03%
- 3Y*
- 22.02%
- 5Y*
- 12.99%
- 10Y*
- 15.17%
PSHZF vs. IWB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSHZF Pershing Square Holdings Ltd | -19.44% | 36.74% | 4.57% | 37.43% | -15.13% | 17.80% | 89.27% | 53.54% | -8.09% | -5.08% |
IWB iShares Russell 1000 ETF | 10.54% | 17.18% | 24.32% | 26.39% | -19.19% | 26.32% | 20.77% | 31.06% | -4.90% | 21.52% |
Correlation
The correlation between PSHZF and IWB is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2015 | 0.44 |
The correlation between PSHZF and IWB has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
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Return for Risk
PSHZF vs. IWB — Risk / Return Rank
PSHZF
IWB
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 ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.41 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 3.06 | -3.12 |
| Martin ratioReturn relative to average drawdown | -0.13 | 14.09 | -14.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSHZF | IWB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 2.28 | -2.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.76 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.84 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.45 | -0.17 |
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.
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Drawdown Indicators
| PSHZF | IWB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.97% | -55.38% | -1.59% |
Max Drawdown (1Y)Largest decline over 1 year | -22.81% | -8.86% | -13.95% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | -19.09% | -6.57% |
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 DrawdownCurrent decline from peak | -22.09% | -0.71% | -21.38% |
Average DrawdownAverage peak-to-trough decline | -23.15% | -10.86% | -12.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.97% | 1.92% | +8.05% |
Volatility
PSHZF vs. IWB - Volatility Comparison
Pershing Square Holdings Ltd (PSHZF) has a higher volatility of 5.99% compared to iShares Russell 1000 ETF (IWB) at 2.88%. 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.
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Volatility by Period
| PSHZF | IWB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 2.88% | +3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 17.49% | 8.97% | +8.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.51% | 11.93% | +10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.39% | 17.10% | +7.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.16% | 18.14% | +7.02% |
Dividends
PSHZF vs. IWB - Dividend Comparison
PSHZF's dividend yield for the trailing twelve months is around 1.34%, more than IWB's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWB iShares Russell 1000 ETF | 0.91% | 1.00% | 1.14% | 1.31% | 1.56% | 1.09% | 1.37% | 1.71% | 2.06% | 1.64% | 1.89% | 1.95% |
PSHZF Pershing Square Holdings Ltd | 1.34% | 1.01% | 1.21% | 1.12% | 1.38% | 1.14% | 1.35% | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PSHZF and IWB have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSHZF has higher volatility (5.99%) compared to IWB (2.88%). In terms of maximum drawdown, PSHZF dropped -56.97% vs IWB's -55.38%.
IWB currently has the higher Sharpe Ratio (2.28 vs -0.06), 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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