TRPWX vs. IWM
Compare and contrast key facts about TIAA-CREF Mid-Cap Growth Fund (TRPWX) and iShares Russell 2000 ETF (IWM).
TRPWX is managed by TIAA Investments. It was launched on Oct 1, 2002. 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: TRPWX or IWM.
Key characteristics
| TRPWX | IWM | |
|---|---|---|
| YTD Return | 1.76% | 9.92% |
| 1Y Return | 10.40% | 22.45% |
| 3Y Return (Ann) | -8.70% | 0.90% |
| 5Y Return (Ann) | 5.44% | 8.58% |
| 10Y Return (Ann) | 7.03% | 8.22% |
| Sharpe Ratio | 0.59 | 1.03 |
| Daily Std Dev | 16.81% | 21.40% |
| Max Drawdown | -58.68% | -59.05% |
| Current Drawdown | -25.35% | -6.07% |
Correlation
The correlation between TRPWX and IWM 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
TRPWX vs. IWM - Performance Comparison
In the year-to-date period, TRPWX achieves a 1.76% return, which is significantly lower than IWM's 9.92% return. Over the past 10 years, TRPWX has underperformed IWM with an annualized return of 7.03%, while IWM has yielded a comparatively higher 8.22% annualized 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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TRPWX vs. IWM - Expense Ratio Comparison
TRPWX has a 0.46% expense ratio, which is higher than IWM's 0.19% expense ratio.
Risk-Adjusted Performance
TRPWX vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Mid-Cap Growth Fund (TRPWX) 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
TRPWX vs. IWM - Dividend Comparison
TRPWX's dividend yield for the trailing twelve months is around 0.18%, less than IWM's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRPWX TIAA-CREF Mid-Cap Growth Fund | 0.18% | 0.18% | 0.60% | 15.18% | 11.52% | 11.22% | 17.00% | 10.03% | 0.51% | 8.85% | 16.76% | 13.86% |
IWM iShares Russell 2000 ETF | 1.21% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
TRPWX vs. IWM - Drawdown Comparison
The maximum TRPWX drawdown since its inception was -58.68%, roughly equal to the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for TRPWX and IWM. For additional features, visit the drawdowns tool.
Volatility
TRPWX vs. IWM - Volatility Comparison
The current volatility for TIAA-CREF Mid-Cap Growth Fund (TRPWX) is 4.85%, while iShares Russell 2000 ETF (IWM) has a volatility of 6.28%. This indicates that TRPWX experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.