XLG vs. IWB
Compare and contrast key facts about Invesco S&P 500® Top 50 ETF (XLG) and iShares Russell 1000 ETF (IWB).
XLG and IWB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLG is a passively managed fund by Invesco that tracks the performance of the Russell Top 50 Index. It was launched on May 10, 2005. IWB is a passively managed fund by iShares that tracks the performance of the Russell 1000 Index. It was launched on May 15, 2000. Both XLG and IWB 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: XLG or IWB.
Key characteristics
| XLG | IWB | |
|---|---|---|
| YTD Return | 23.67% | 18.03% |
| 1Y Return | 30.64% | 25.97% |
| 3Y Return (Ann) | 11.05% | 8.70% |
| 5Y Return (Ann) | 16.82% | 14.71% |
| 10Y Return (Ann) | 12.87% | 12.53% |
| Sharpe Ratio | 2.10 | 2.10 |
| Daily Std Dev | 15.01% | 12.88% |
| Max Drawdown | -53.81% | -55.38% |
| Current Drawdown | -3.17% | -0.49% |
Correlation
The correlation between XLG and IWB is 0.95, 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
XLG vs. IWB - Performance Comparison
In the year-to-date period, XLG achieves a 23.67% return, which is significantly higher than IWB's 18.03% return. Both investments have delivered pretty close results over the past 10 years, with XLG having a 12.87% annualized return and IWB not far behind at 12.53%. 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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XLG vs. IWB - Expense Ratio Comparison
XLG has a 0.20% expense ratio, which is higher than IWB's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
XLG vs. IWB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Top 50 ETF (XLG) 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.
Dividends
XLG vs. IWB - Dividend Comparison
XLG's dividend yield for the trailing twelve months is around 0.77%, less than IWB's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLG Invesco S&P 500® Top 50 ETF | 0.77% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% | 1.97% | 1.97% |
IWB iShares Russell 1000 ETF | 1.16% | 1.31% | 1.56% | 1.09% | 1.37% | 1.71% | 2.06% | 1.64% | 1.89% | 1.95% | 1.70% | 1.68% |
Drawdowns
XLG vs. IWB - Drawdown Comparison
The maximum XLG drawdown since its inception was -53.81%, roughly equal to the maximum IWB drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for XLG and IWB. For additional features, visit the drawdowns tool.
Volatility
XLG vs. IWB - Volatility Comparison
Invesco S&P 500® Top 50 ETF (XLG) has a higher volatility of 5.14% compared to iShares Russell 1000 ETF (IWB) at 4.41%. This indicates that XLG'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.