PVIVX vs. IWC
Compare and contrast key facts about Paradigm Micro-cap Fund (PVIVX) and iShares Microcap ETF (IWC).
PVIVX is managed by Paradigm Funds. It was launched on Dec 31, 2007. 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: PVIVX or IWC.
Key characteristics
| PVIVX | IWC | |
|---|---|---|
| YTD Return | 14.47% | 18.11% |
| 1Y Return | 32.59% | 45.20% |
| 3Y Return (Ann) | 0.94% | -3.22% |
| 5Y Return (Ann) | 14.91% | 9.45% |
| 10Y Return (Ann) | 7.68% | 7.55% |
| Sharpe Ratio | 1.42 | 1.85 |
| Sortino Ratio | 2.01 | 2.64 |
| Omega Ratio | 1.25 | 1.31 |
| Calmar Ratio | 1.41 | 1.17 |
| Martin Ratio | 7.17 | 9.24 |
| Ulcer Index | 4.54% | 4.89% |
| Daily Std Dev | 22.88% | 24.38% |
| Max Drawdown | -54.12% | -64.61% |
| Current Drawdown | -2.89% | -10.73% |
Correlation
The correlation between PVIVX and IWC is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PVIVX vs. IWC - Performance Comparison
In the year-to-date period, PVIVX achieves a 14.47% return, which is significantly lower than IWC's 18.11% return. Both investments have delivered pretty close results over the past 10 years, with PVIVX having a 7.68% annualized return and IWC not far behind at 7.55%. 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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PVIVX vs. IWC - Expense Ratio Comparison
PVIVX has a 1.25% expense ratio, which is higher than IWC's 0.60% expense ratio.
Risk-Adjusted Performance
PVIVX vs. IWC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Paradigm Micro-cap Fund (PVIVX) 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
PVIVX vs. IWC - Dividend Comparison
PVIVX has not paid dividends to shareholders, while IWC's dividend yield for the trailing twelve months is around 1.02%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PVIVX Paradigm Micro-cap Fund | 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 | 1.02% | 1.17% | 1.18% | 0.78% | 0.98% | 1.19% | 1.01% | 1.09% | 1.16% | 1.49% | 1.11% | 1.01% |
Drawdowns
PVIVX vs. IWC - Drawdown Comparison
The maximum PVIVX drawdown since its inception was -54.12%, smaller than the maximum IWC drawdown of -64.61%. Use the drawdown chart below to compare losses from any high point for PVIVX and IWC. For additional features, visit the drawdowns tool.
Volatility
PVIVX vs. IWC - Volatility Comparison
The current volatility for Paradigm Micro-cap Fund (PVIVX) is 6.78%, while iShares Microcap ETF (IWC) has a volatility of 8.16%. This indicates that PVIVX experiences smaller price fluctuations and is considered to be less risky than IWC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.