SM vs. IWB
SM (SM Energy Company) 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, SM returned 1.57%/yr vs 14.92%/yr for IWB. At a 0.40 correlation, their price movements are largely independent.
Performance
SM vs. IWB - Performance Comparison
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Returns By Period
In the year-to-date period, SM achieves a 51.02% return, which is significantly higher than IWB's 11.12% return. Over the past 10 years, SM has underperformed IWB with an annualized return of 1.57%, while IWB has yielded a comparatively higher 14.92% annualized return.
SM
- 1D
- -1.87%
- 1M
- -10.72%
- 6M
- 58.83%
- YTD
- 51.02%
- 1Y
- 1.77%
- 3Y*
- -3.21%
- 5Y*
- 5.32%
- 10Y*
- 1.57%
IWB
- 1D
- 0.36%
- 1M
- 2.06%
- 6M
- 9.03%
- YTD
- 11.12%
- 1Y
- 21.77%
- 3Y*
- 20.62%
- 5Y*
- 12.34%
- 10Y*
- 14.92%
SM vs. IWB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SM SM Energy Company | 51.02% | -49.72% | 1.84% | 13.14% | 18.58% | 382.16% | -44.85% | -26.72% | -29.60% | -35.65% |
IWB iShares Russell 1000 ETF | 11.12% | 17.18% | 24.32% | 26.39% | -19.19% | 26.32% | 20.77% | 31.06% | -4.90% | 21.52% |
Correlation
The correlation between SM and IWB is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since May 19, 2000 | 0.40 |
The correlation between SM and IWB shifts across timeframes, from -0.10 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SM vs. IWB — Risk / Return Rank
SM
IWB
SM vs. IWB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SM Energy Company (SM) 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.
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.
| SM | IWB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.31 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 2.41 | -2.35 |
| Martin ratioReturn relative to average drawdown | 0.11 | 10.51 | -10.40 |
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Drawdowns
SM vs. IWB - Drawdown Comparison
The maximum SM drawdown since its inception was -98.85%, which is greater than IWB's maximum drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for SM and IWB.
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Drawdown Indicators
| SM | IWB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.85% | -55.38% | -43.47% |
Max Drawdown (1Y)Largest decline over 1 year | -38.16% | -8.86% | -29.30% |
Max Drawdown (3Y)Largest decline over 3 years | -64.87% | -19.09% | -45.78% |
Max Drawdown (5Y)Largest decline over 5 years | -65.01% | -25.20% | -39.81% |
Max Drawdown (10Y)Largest decline over 10 years | -97.46% | -34.60% | -62.86% |
Current DrawdownCurrent decline from peak | -65.44% | -0.20% | -65.24% |
Average DrawdownAverage peak-to-trough decline | -39.97% | -10.82% | -29.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.08% | 2.03% | +19.05% |
Volatility
SM vs. IWB - Volatility Comparison
SM Energy Company (SM) has a higher volatility of 15.99% compared to iShares Russell 1000 ETF (IWB) at 4.35%. This indicates that SM'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
| SM | IWB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.99% | 4.35% | +11.64% |
Volatility (6M)Calculated over the trailing 6-month period | 38.62% | 9.96% | +28.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.12% | 12.57% | +37.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.76% | 17.20% | +36.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.76% | 18.12% | +61.64% |
Dividends
SM vs. IWB - Dividend Comparison
SM's dividend yield for the trailing twelve months is around 3.74%, 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% |
SM SM Energy Company | 3.74% | 5.35% | 1.91% | 1.55% | 0.46% | 0.07% | 0.33% | 0.89% | 0.65% | 0.45% | 0.29% | 0.51% |
Frequently Asked Questions
SM and IWB have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SM has higher volatility (15.99%) compared to IWB (4.35%). In terms of maximum drawdown, SM dropped -98.85% vs IWB's -55.38%.
IWB currently has the higher Sharpe Ratio (1.70 vs 0.05), 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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