VAW vs. IYM
Compare and contrast key facts about Vanguard Materials ETF (VAW) and iShares U.S. Basic Materials ETF (IYM).
VAW and IYM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VAW is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Materials 25/50 Index. It was launched on Jan 26, 2004. IYM is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Basic Materials Index. It was launched on Jun 20, 2000. Both VAW and IYM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VAW or IYM.
Performance
VAW vs. IYM - Performance Comparison
Returns By Period
In the year-to-date period, VAW achieves a 8.70% return, which is significantly higher than IYM's 4.36% return. Over the past 10 years, VAW has outperformed IYM with an annualized return of 8.44%, while IYM has yielded a comparatively lower 7.08% annualized return.
VAW
8.70%
-4.68%
1.16%
18.13%
11.21%
8.44%
IYM
4.36%
-6.34%
-2.26%
12.83%
10.15%
7.08%
Key characteristics
| VAW | IYM | |
|---|---|---|
| Sharpe Ratio | 1.29 | 0.89 |
| Sortino Ratio | 1.82 | 1.31 |
| Omega Ratio | 1.23 | 1.16 |
| Calmar Ratio | 1.97 | 0.92 |
| Martin Ratio | 6.08 | 3.55 |
| Ulcer Index | 3.00% | 3.62% |
| Daily Std Dev | 14.19% | 14.39% |
| Max Drawdown | -62.17% | -67.78% |
| Current Drawdown | -5.16% | -6.92% |
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VAW vs. IYM - Expense Ratio Comparison
VAW has a 0.10% expense ratio, which is lower than IYM's 0.42% expense ratio.
Correlation
The correlation between VAW and IYM is 0.98, 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.
Risk-Adjusted Performance
VAW vs. IYM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Materials ETF (VAW) and iShares U.S. Basic Materials ETF (IYM). 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
VAW vs. IYM - Dividend Comparison
VAW's dividend yield for the trailing twelve months is around 1.58%, less than IYM's 1.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VAW Vanguard Materials ETF | 1.58% | 1.72% | 1.98% | 1.44% | 1.67% | 1.94% | 2.03% | 1.63% | 1.67% | 2.30% | 1.76% | 1.84% |
IYM iShares U.S. Basic Materials ETF | 1.62% | 1.77% | 2.14% | 1.48% | 1.39% | 2.09% | 1.68% | 1.43% | 1.47% | 2.03% | 1.77% | 1.79% |
Drawdowns
VAW vs. IYM - Drawdown Comparison
The maximum VAW drawdown since its inception was -62.17%, smaller than the maximum IYM drawdown of -67.78%. Use the drawdown chart below to compare losses from any high point for VAW and IYM. For additional features, visit the drawdowns tool.
Volatility
VAW vs. IYM - Volatility Comparison
Vanguard Materials ETF (VAW) and iShares U.S. Basic Materials ETF (IYM) have volatilities of 3.93% and 3.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.