Correlation
The correlation between ^DJUSFN and IWB is 0.85, 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.
^DJUSFN vs. IWB
Compare and contrast key facts about Dow Jones U.S. Financials Index (^DJUSFN) and iShares Russell 1000 ETF (IWB).
IWB is a passively managed fund by iShares that tracks the performance of the Russell 1000 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^DJUSFN or IWB.
Performance
^DJUSFN vs. IWB - Performance Comparison
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Key characteristics
^DJUSFN:
1.16
IWB:
0.73
^DJUSFN:
1.71
IWB:
1.04
^DJUSFN:
1.26
IWB:
1.15
^DJUSFN:
1.49
IWB:
0.68
^DJUSFN:
5.73
IWB:
2.54
^DJUSFN:
4.13%
IWB:
5.09%
^DJUSFN:
19.60%
IWB:
19.80%
^DJUSFN:
-80.50%
IWB:
-55.38%
^DJUSFN:
-2.17%
IWB:
-3.73%
Returns By Period
In the year-to-date period, ^DJUSFN achieves a 5.02% return, which is significantly higher than IWB's 0.86% return. Over the past 10 years, ^DJUSFN has underperformed IWB with an annualized return of 9.01%, while IWB has yielded a comparatively higher 12.41% annualized return.
^DJUSFN
5.02%
4.37%
-1.56%
22.68%
11.46%
14.42%
9.01%
IWB
0.86%
6.37%
-1.98%
14.37%
14.08%
15.53%
12.41%
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Risk-Adjusted Performance
^DJUSFN vs. IWB — Risk-Adjusted Performance Rank
^DJUSFN
IWB
^DJUSFN vs. IWB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Financials Index (^DJUSFN) 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.
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Drawdowns
^DJUSFN vs. IWB - Drawdown Comparison
The maximum ^DJUSFN drawdown since its inception was -80.50%, which is greater than IWB's maximum drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for ^DJUSFN and IWB.
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Volatility
^DJUSFN vs. IWB - Volatility Comparison
The current volatility for Dow Jones U.S. Financials Index (^DJUSFN) is 4.53%, while iShares Russell 1000 ETF (IWB) has a volatility of 4.80%. This indicates that ^DJUSFN experiences smaller price fluctuations and is considered to be less risky than IWB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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