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WULF vs. IWR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WULF vs. IWR

Last updated Jun 13, 2026

WULF (TeraWulf Inc.) is a stock, while IWR (iShares Russell Midcap ETF) is Mid Cap Growth Equities fund tracking the Russell Midcap Index. Over the past 10 years, WULF returned 10.71%/yr vs 11.79%/yr for IWR. At a 0.15 correlation, their price movements are largely independent.

Performance

WULF vs. IWR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TeraWulf Inc. (WULF) and iShares Russell Midcap ETF (IWR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WULF achieves a 126.81% return, which is significantly higher than IWR's 13.23% return. Over the past 10 years, WULF has underperformed IWR with an annualized return of 10.71%, while IWR has yielded a comparatively higher 11.79% annualized return.

WULF

1D
2.80%
1M
12.72%
YTD
126.81%
6M
81.86%
1Y
511.74%
3Y*
163.16%
5Y*
23.22%
10Y*
10.71%

IWR

1D
0.93%
1M
3.80%
YTD
13.23%
6M
11.96%
1Y
21.77%
3Y*
16.40%
5Y*
7.99%
10Y*
11.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WULF vs. IWR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WULF
TeraWulf Inc.		126.81%103.00%135.83%260.58%-95.58%77.08%86.34%-36.55%12.13%-33.16%
IWR
iShares Russell Midcap ETF		13.23%10.37%15.21%17.05%-17.48%22.44%16.93%30.23%-9.10%18.25%

Correlation

The correlation between WULF and IWR is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.43

Correlation (3Y)
Calculated over the trailing 3-year period

0.45

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (10Y)
Calculated over the trailing 10-year period

0.25

Correlation (All Time)
Calculated using the full available price history since Jul 20, 2001

0.15

Over the past year, WULF and IWR have become more correlated (0.43) than their long-term average of 0.15, meaning their price movements have been converging.

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TeraWulf Inc.

iShares Russell Midcap ETF

Often compared with WULF:
WULF vs. IRENWULF vs. CIFRWULF vs. BTC-USDWULF vs. MARAWULF vs. MSTRWULF vs. SRPTWULF vs. KARS
Often compared with IWR:
IWR vs. VOIWR vs. IWDIWR vs. SPMDIWR vs. IWNIWR vs. SCHMIWR vs. VXFIWR vs. REGL

Return for Risk

WULF vs. IWR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WULF
WULF Risk / Return Rank: 9898
Overall Rank
WULF Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
WULF Sortino Ratio Rank: 9797
Sortino Ratio Rank
WULF Omega Ratio Rank: 9494
Omega Ratio Rank
WULF Calmar Ratio Rank: 9999
Calmar Ratio Rank
WULF Martin Ratio Rank: 9999
Martin Ratio Rank
IWR
IWR Risk / Return Rank: 5656
Overall Rank
IWR Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
IWR Sortino Ratio Rank: 5454
Sortino Ratio Rank
IWR Omega Ratio Rank: 4949
Omega Ratio Rank
IWR Calmar Ratio Rank: 6161
Calmar Ratio Rank
IWR Martin Ratio Rank: 6565
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WULF vs. IWR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TeraWulf Inc. (WULF) and iShares Russell Midcap ETF (IWR). 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.

WULFIWRDifference
Sharpe ratioReturn per unit of total volatility
4.86
1.59

+3.27

Sortino ratioReturn per unit of downside risk
4.29
2.28

+2.02

Omega ratioGain probability vs. loss probability

1.51

1.28

+0.23

Calmar ratioReturn relative to maximum drawdown

16.26

2.68

+13.58

Martin ratioReturn relative to average drawdown

43.34

10.26

+33.08

WULF vs. IWR - Sharpe Ratio Comparison

The current WULF Sharpe Ratio is 4.86, which is higher than the IWR Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of WULF and IWR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

WULF vs. IWR - Drawdown Comparison

The maximum WULF drawdown since its inception was -98.50%, which is greater than IWR's maximum drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for WULF and IWR.

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Drawdown Indicators

WULFIWRDifference

Max Drawdown

Largest peak-to-trough decline

-98.50%

-58.78%

-39.72%

Max Drawdown (1Y)

Largest decline over 1 year

-31.74%

-8.17%

-23.57%

Max Drawdown (3Y)

Largest decline over 3 years

-75.77%

-21.09%

-54.68%

Max Drawdown (5Y)

Largest decline over 5 years

-98.50%

-26.18%

-72.32%

Max Drawdown (10Y)

Largest decline over 10 years

-98.50%

-40.59%

-57.91%

Current Drawdown

Current decline from peak

-27.75%

0.00%

-27.75%

Average Drawdown

Average peak-to-trough decline

-46.66%

-7.80%

-38.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.89%

2.13%

+9.76%

Volatility

WULF vs. IWR - Volatility Comparison

TeraWulf Inc. (WULF) has a higher volatility of 25.07% compared to iShares Russell Midcap ETF (IWR) at 4.49%. This indicates that WULF's price experiences larger fluctuations and is considered to be riskier than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WULFIWRDifference

Volatility (1M)

Calculated over the trailing 1-month period

25.07%

4.49%

+20.58%

Volatility (6M)

Calculated over the trailing 6-month period

65.58%

10.34%

+55.24%

Volatility (1Y)

Calculated over the trailing 1-year period

106.31%

13.79%

+92.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

127.55%

18.28%

+109.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

101.43%

19.38%

+82.05%

Dividends

WULF vs. IWR - Dividend Comparison

WULF has not paid dividends to shareholders, while IWR's dividend yield for the trailing twelve months is around 1.14%.

PositionTTM20252024202320222021202020192018201720162015
IWR
iShares Russell Midcap ETF		1.14%1.29%1.27%1.43%1.59%1.04%1.28%1.43%1.98%1.52%1.72%1.59%
WULF
TeraWulf Inc.		0.00%0.00%0.00%0.00%0.00%33.22%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

WULF and IWR have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

WULF has higher volatility (25.07%) compared to IWR (4.49%). In terms of maximum drawdown, WULF dropped -98.50% vs IWR's -58.78%.

WULF currently has the higher Sharpe Ratio (4.86 vs 1.59), 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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