IWC vs SPY
Comparison between ISHARES MICRO-CAP ETF (IWC, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed IWC, delivering a return of +13.3% compared to +6.1%
IWC vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IWC
$1.20B
Winner
SPY
$652B
Expense Ratio
IWC
0.60%
Winner
SPY
0.09%
Max Drawdown
IWC
65.20%
Winner
SPY
56.47%
Sharpe Ratio
Winner
IWC
2.19
SPY
2.07
5Y Beta
IWC
1.17
Winner
SPY
1.00
P/E Ratio
Winner
IWC
-28.13
SPY
28.24
Forward P/E
Winner
IWC
13.61
SPY
21.85
5Y Dividends CAGR
Winner
IWC
11.12%
SPY
5.43%
5Y EPS CAGR
IWC
N/A
SPY
25.79%
Debt to Equity
IWC
73.09%
Winner
SPY
22.35%
P/S Ratio
Winner
IWC
1.41
SPY
3.55
P/B Ratio
Winner
IWC
1.82
SPY
5.29
IWC vs SPY - Holdings Comparison
IWC and SPY have 1 common holdings. Overlap is -0.01%
IWC's top 25 holdings weight is 17.98%. SPY's top 25 holdings weight is 51.32%.
| Rank | IWC | SPY |
|---|---|---|
| #1 | n/a (PRAX) - 1.57% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | APPLIED DIGITAL CORP (APLD) - 1.34% | APPLE INC (AAPL) - 6.48% |
| #3 | APPLIED OPTOELECTRONICS INC (AAOI) - 1.31% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | COGENT BIOSCIENCES INC (COGT) - 1.05% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | TERAWULF INC (WULF) - 1.04% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | CIPHER DIGITAL INC (CIFR) - 1.00% | BROADCOM INC (AVGO) - 3.09% |
| #7 | n/a (TERN) - 0.98% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | ENERGY FUELS INC (n/a) - 0.86% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | VISTANCE NETWORKS INC (VISN) - 0.80% | TESLA INC (TSLA) - 1.73% |
| #10 | CELCUITY INC (CELC) - 0.77% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | NLIGHT INC (LASR) - 0.69% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | AXT INC (AXTI) - 0.69% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | CENTRUS ENERGY CORP CLASS A (LEU) - 0.68% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | TUTOR PERINI CORP (TPC) - 0.67% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | GPGI INC CLASS A (GPGI) - 0.65% | WALMART INC (WMT) - 0.91% |
| #16 | DIANTHUS THERAPEUTICS INC (DNTH) - 0.59% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | ERASCA INC (ERAS) - 0.56% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | LIQUIDIA CORP ORDINARY SHARES (LQDA) - 0.48% | VISA INC CLASS A (V) - 0.85% |
| #19 | BEL FUSE INC CLASS B (BELFB) - 0.46% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | DAVE INC ORDINARY SHARES CLASS A (DAVE) - 0.46% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | CAPRICOR THERAPEUTICS INC (CAPR) - 0.27% | INTEL CORP (INTC) - 0.65% |
| #22 | DIME COMMUNITY BANCSHARES INC (DCOM) - 0.27% | NETFLIX INC (NFLX) - 0.64% |
| #23 | MAZE THERAPEUTICS INC (MAZE) - 0.27% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | ORCHID ISLAND CAPITAL INC (ORC) - 0.26% | CHEVRON CORP (CVX) - 0.58% |
| #25 | AMYLYX PHARMACEUTICALS INC (AMLX) - 0.26% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 1272 | 505 |
IWC vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IWC
+10.28%
SPY
+9.11%
3M
Winner
IWC
+8.67%
SPY
+6.59%
6M
Winner
IWC
+25.15%
SPY
+10.56%
1Y
Winner
IWC
+64.30%
SPY
+32.04%
5Y(CAGR)
IWC
+6.11%
Winner
SPY
+13.35%
10Y(CAGR)
IWC
+11.70%
Winner
SPY
+15.49%
Max(CAGR)
IWC
+7.74%
Winner
SPY
+8.50%
IWC vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IWC | SPY |
|---|---|---|
| 2026 | +17.18% | +8.27% |
| 2025 | +22.31% | +18.00% |
| 2024 | +14.33% | +25.59% |
| 2023 | +9.83% | +26.72% |
| 2022 | -23.36% | -18.64% |
| 2021 | +19.37% | +30.52% |
| 2020 | +21.33% | +17.28% |
| 2019 | +20.16% | +31.09% |
| 2018 | -14.02% | -5.24% |
| 2017 | +12.24% | +20.78% |
| 2016 | +23.81% | +13.59% |
| 2015 | -4.75% | +1.31% |
| 2014 | +4.30% | +14.56% |
| 2013 | +40.53% | +29.00% |
| 2012 | +17.20% | +14.17% |
| 2011 | -11.41% | +0.85% |
| 2010 | +25.96% | +13.14% |
| 2009 | +23.05% | +22.67% |
| 2008 | -38.31% | -36.25% |
| 2007 | -8.99% | +5.32% |
| 2006 | +13.12% | +13.85% |
| 2005 | +2.82% | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
IWC vs SPY Drawdown Comparison
The maximum drawdown for IWC was -64.60%, occurring on Mar 9, 2009. Recovery took 1440 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current IWC drawdown is -1.49%.
| Rank | IWC | SPY |
|---|---|---|
| #1 | -64.60% Jun 19, 2007 - Mar 8, 2013 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -47.20% Aug 31, 2018 - Nov 23, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -41.06% Mar 12, 2021 - Sep 18, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -28.70% Jun 23, 2015 - Nov 21, 2016 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -16.66% Mar 5, 2014 - Mar 18, 2015 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -15.04% May 5, 2006 - Dec 27, 2006 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -12.43% Jan 22, 2026 - Apr 15, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -9.98% Oct 15, 2025 - Dec 4, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -8.81% Jan 23, 2018 - Mar 9, 2018 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -8.63% Feb 22, 2007 - Jun 1, 2007 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -8.61% Sep 12, 2005 - Dec 1, 2005 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.24% Feb 9, 2021 - Mar 10, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.08% Jan 22, 2014 - Feb 27, 2014 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.28% Mar 12, 2018 - May 11, 2018 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -6.89% Jul 25, 2017 - Sep 18, 2017 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between IWC and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (1999 - 2026)
IWC vs SPY dividend yield comparison.
| Year | IWC | SPY |
|---|---|---|
| 2026 | 0.13% | 0.24% |
| 2025 | 1.10% | 1.07% |
| 2024 | 1.06% | 1.21% |
| 2023 | 1.17% | 1.40% |
| 2022 | 1.18% | 1.65% |
| 2021 | 0.78% | 1.20% |
| 2020 | 0.98% | 1.52% |
| 2019 | 1.19% | 1.75% |
| 2018 | 1.01% | 2.04% |
| 2017 | 1.09% | 1.80% |
| 2016 | 1.16% | 2.03% |
| 2015 | 1.49% | 2.06% |
| 2014 | 1.11% | 1.87% |
| 2013 | 1.01% | 1.81% |
| 2012 | 1.95% | 2.18% |
| 2011 | 1.21% | 2.05% |
| 2010 | 0.82% | 1.80% |
| 2009 | 0.82% | 1.95% |
| 2008 | 1.31% | 3.02% |
| 2007 | 0.79% | 1.85% |
| 2006 | 0.51% | 1.73% |
| 2005 | 0.19% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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