SCDS vs. IWC

Last updated Aug 2, 2026

SCDS (JPMorgan Fundamental Data Science Small Core ETF) and IWC (iShares Micro-Cap ETF) are both Small Cap Blend Equities funds. SCDS is actively managed, while IWC is passively managed. Over the past year, SCDS returned 40.88% vs 48.46% for IWC. Their correlation of 0.90 means they have usually moved in the same direction. SCDS charges 0.40%/yr vs 0.60%/yr for IWC.

Performance

SCDS vs. IWC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Fundamental Data Science Small Core ETF (SCDS) and iShares Micro-Cap ETF (IWC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCDS achieves a 25.21% return, which is significantly higher than IWC's 19.50% return.

SCDS

• 1D: -0.35%
• 1M: -0.91%
• 6M: 17.80%
• YTD: 25.21%
• 1Y: 40.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.53%

IWC

• 1D: -0.70%
• 1M: -5.03%
• 6M: 12.92%
• YTD: 19.50%
• 1Y: 48.46%
• 3Y*: 19.06%
• 5Y*: 6.69%
• 10Y*: 11.12%
• ALL TIME*: 7.67%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IWC iShares Micro-Cap ETF	$9.94M	$13.29M	$20.50M
SCDS JPMorgan Fundamental Data Science Small Core ETF	$154.38K	$83.77K	$106.90K

SCDS vs. IWC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SCDS JPMorgan Fundamental Data Science Small Core ETF	25.21%	11.27%	7.26%
IWC iShares Micro-Cap ETF	19.50%	22.45%	16.01%

Correlation

The correlation between SCDS and IWC is 0.87, 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.	0.87
Correlation (All Time) Calculated using the full available price history since Aug 8, 2024	0.90

The correlation between SCDS and IWC has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

SCDS vs. IWC - Sectors Allocation Comparison

Sectors	SCDS	IWC
Financial Services	17.7%	24.1%
Healthcare	17.5%	25.8%
Technology	14.6%	12.3%
Industrials	12.8%	12.3%
Consumer Cyclical	10.5%	7.7%
Real Estate	6.1%	4.0%
Energy	4.4%	3.1%
Basic Materials	4.2%	4.3%
Consumer Defensive	2.9%	2.4%
Utilities	2.8%	0.7%
Communication Services	2.1%	3.0%

Return for Risk

SCDS vs. IWC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SCDS

SCDS Risk / Return Rank: 89
SCDS Sharpe Ratio Rank: 87
SCDS Sortino Ratio Rank: 88
SCDS Omega Ratio Rank: 84
SCDS Calmar Ratio Rank: 93
SCDS Martin Ratio Rank: 91

IWC

IWC Risk / Return Rank: 81
IWC Sharpe Ratio Rank: 82
IWC Sortino Ratio Rank: 79
IWC Omega Ratio Rank: 73
IWC Calmar Ratio Rank: 89
IWC Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SCDS vs. IWC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Fundamental Data Science Small Core ETF (SCDS) and iShares Micro-Cap 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.

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.

	SCDS	IWC	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.89	+0.23
Sortino ratio: Return per unit of downside risk	3.05	2.56	+0.49
Omega ratio: Gain probability vs. loss probability	1.36	1.30	+0.06
Calmar ratio: Return relative to maximum drawdown	4.39	3.67	+0.73
Martin ratio: Return relative to average drawdown	15.32	11.65	+3.68

SCDS vs. IWC - Sharpe Ratio Comparison

The current SCDS Sharpe Ratio is 2.12, which is comparable to the IWC Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of SCDS and IWC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCDS vs. IWC - Drawdown Comparison

The maximum SCDS drawdown since its inception was -26.71%, smaller than the maximum IWC drawdown of -64.61%. Use the drawdown chart below to compare losses from any high point for SCDS and IWC.

Drawdown Indicators

	SCDS	IWC	Difference
Max Drawdown Largest peak-to-trough decline	-26.71%	-64.61%	+37.90%
Max Drawdown (1Y) Largest decline over 1 year	-8.85%	-12.43%	+3.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-40.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.21%	—
Current Drawdown Current decline from peak	-2.37%	-6.31%	+3.94%
Average Drawdown Average peak-to-trough decline	-4.96%	-15.18%	+10.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	3.91%	-1.38%

Volatility

SCDS vs. IWC - Volatility Comparison

The current volatility for JPMorgan Fundamental Data Science Small Core ETF (SCDS) is 3.72%, while iShares Micro-Cap ETF (IWC) has a volatility of 4.63%. This indicates that SCDS 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.

Volatility by Period

	SCDS	IWC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	4.63%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	13.46%	18.22%	-4.76%
Volatility (1Y) Calculated over the trailing 1-year period	18.40%	24.13%	-5.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.86%	24.46%	-3.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.86%	24.48%	-3.62%

SCDS vs. IWC - Expense Ratio Comparison

SCDS has a 0.40% expense ratio, which is lower than IWC's 0.60% expense ratio.

Dividends

SCDS vs. IWC - Dividend Comparison

SCDS's dividend yield for the trailing twelve months is around 0.92%, less than IWC's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWC iShares Micro-Cap ETF	1.01%	1.10%	1.06%	1.17%	1.18%	0.78%	0.98%	1.19%	1.01%	1.09%	1.16%	1.49%
SCDS JPMorgan Fundamental Data Science Small Core ETF	0.92%	1.15%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SCDS and IWC in my portfolio?

SCDS and IWC have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCDS or IWC?

IWC has higher volatility (4.63%) compared to SCDS (3.72%). In terms of maximum drawdown, SCDS dropped -26.71% vs IWC's -64.61%.

Which ETF is better, SCDS or IWC?

On 1-year performance, IWC leads with 48.46% vs 40.88% for SCDS. On fees, SCDS is cheaper at 0.40% per year. On volatility, SCDS has been the lower-risk option at 3.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCDS or IWC?

Over the 1-year period, IWC has performed better with a 48.46% return vs 40.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCDS or IWC?

SCDS is cheaper with a 0.40% expense ratio, compared with 0.60% for IWC.

Which ETF pays a higher dividend yield, SCDS or IWC?

IWC has the higher dividend yield at 1.01%, compared with 0.92% for SCDS.

What is the main difference between SCDS and IWC?

They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.40% for SCDS and 0.60% for IWC.

Which has better risk-adjusted returns?

SCDS currently has the higher Sharpe Ratio (2.12 vs 1.89), 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.