SPI vs. IWM
Compare and contrast key facts about SPI Energy Co., Ltd. (SPI) and iShares Russell 2000 ETF (IWM).
IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPI or IWM.
Key characteristics
SPI | IWM | |
---|---|---|
YTD Return | -36.06% | 0.85% |
1Y Return | -58.51% | 20.11% |
3Y Return (Ann) | -57.48% | -2.03% |
5Y Return (Ann) | -35.14% | 6.09% |
Sharpe Ratio | -0.80 | 0.95 |
Daily Std Dev | 73.66% | 19.81% |
Max Drawdown | -99.75% | -59.05% |
Current Drawdown | -99.74% | -13.82% |
Correlation
The correlation between SPI and IWM is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SPI vs. IWM - Performance Comparison
In the year-to-date period, SPI achieves a -36.06% return, which is significantly lower than IWM's 0.85% return. 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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Risk-Adjusted Performance
SPI vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPI Energy Co., Ltd. (SPI) and iShares Russell 2000 ETF (IWM). 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
SPI vs. IWM - Dividend Comparison
SPI has not paid dividends to shareholders, while IWM's dividend yield for the trailing twelve months is around 1.28%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
SPI Energy Co., Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
iShares Russell 2000 ETF | 1.28% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
SPI vs. IWM - Drawdown Comparison
The maximum SPI drawdown since its inception was -99.75%, which is greater than IWM's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for SPI and IWM. For additional features, visit the drawdowns tool.
Volatility
SPI vs. IWM - Volatility Comparison
SPI Energy Co., Ltd. (SPI) has a higher volatility of 23.86% compared to iShares Russell 2000 ETF (IWM) at 5.57%. This indicates that SPI's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.