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 +13.2% compared to +5.8%
IWC vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IWC
$1.40B
Winner
SPY
$784B
Expense Ratio
IWC
0.60%
Winner
SPY
0.09%
Max Drawdown
IWC
65.20%
Winner
SPY
56.47%
Sharpe Ratio
Winner
IWC
1.85
SPY
1.54
5Y Beta
IWC
1.19
Winner
SPY
1.00
P/E Ratio
Winner
IWC
-35.09
SPY
27.62
Forward P/E
Winner
IWC
12.50
SPY
21.11
5Y Dividends CAGR
Winner
IWC
13.56%
SPY
6.00%
5Y EPS CAGR
IWC
N/A
SPY
25.30%
Debt to Equity
Winner
IWC
-32.84%
SPY
31.11%
P/S Ratio
Winner
IWC
1.48
SPY
3.49
P/B Ratio
Winner
IWC
2.14
SPY
5.30
IWC vs SPY - Holdings Comparison
IWC and SPY have 1 common holdings. Overlap is 0.00%
IWC's top 25 holdings weight is 19.95%. SPY's top 25 holdings weight is 51.24%.
| Rank | IWC | SPY |
|---|---|---|
| #1 | APPLIED OPTOELECTRONICS INC (AAOI) - 2.01% | NVIDIA CORP (NVDA) - 7.81% |
| #2 | APPLIED DIGITAL CORP (APLD) - 1.83% | APPLE INC (AAPL) - 6.81% |
| #3 | TERAWULF INC (WULF) - 1.62% | MICROSOFT CORP (MSFT) - 4.53% |
| #4 | CIPHER DIGITAL INC (CIFR) - 1.43% | AMAZON.COM INC (AMZN) - 3.72% |
| #5 | n/a (PRAX) - 1.24% | ALPHABET INC CLASS A (GOOGL) - 3.39% |
| #6 | AXT INC (AXTI) - 1.05% | BROADCOM INC (AVGO) - 2.77% |
| #7 | CECO ENVIRONMENTAL CORP (CECO) - 0.90% | ALPHABET INC CLASS C (GOOG) - 2.72% |
| #8 | NAVITAS SEMICONDUCTOR CORP CLASS A (NVTS) - 0.86% | META PLATFORMS INC CLASS A (META) - 2.03% |
| #9 | COGENT BIOSCIENCES INC (COGT) - 0.85% | MICRON TECHNOLOGY INC (MU) - 1.78% |
| #10 | LIQUIDIA CORP ORDINARY SHARES (LQDA) - 0.84% | TESLA INC (TSLA) - 1.76% |
| #11 | TANGO THERAPEUTICS INC (TNGX) - 0.70% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41% |
| #12 | ENERGY FUELS INC (n/a) - 0.64% | JPMORGAN CHASE & CO (JPM) - 1.38% |
| #13 | BEL FUSE INC CLASS B (BELFB) - 0.63% | ELI LILLY AND CO (LLY) - 1.38% |
| #14 | NLIGHT INC (LASR) - 0.60% | ADVANCED MICRO DEVICES INC (AMD) - 1.28% |
| #15 | PENGUIN SOLUTIONS INC (PENG) - 0.60% | EXXON MOBIL CORP (XOM) - 0.92% |
| #16 | TUTOR PERINI CORP (TPC) - 0.60% | JOHNSON & JOHNSON (JNJ) - 0.88% |
| #17 | ORUKA THERAPEUTICS INC (ORKA) - 0.58% | VISA INC CLASS A (V) - 0.87% |
| #18 | AEHR TEST SYSTEMS (AEHR) - 0.57% | INTEL CORP (INTC) - 0.85% |
| #19 | INNODATA INC (INOD) - 0.56% | WALMART INC (WMT) - 0.82% |
| #20 | CELCUITY INC (CELC) - 0.56% | CISCO SYSTEMS INC (CSCO) - 0.73% |
| #21 | ORIGIN BANCORP INC (OBK) - 0.27% | LAM RESEARCH CORP (LRCX) - 0.71% |
| #22 | STOKE THERAPEUTICS INC (STOK) - 0.26% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #23 | n/a (HYMC) - 0.26% | CATERPILLAR INC (CAT) - 0.68% |
| #24 | LINCOLN EDUCATIONAL SERVICES CORP (LINC) - 0.25% | COSTCO WHOLESALE CORP (COST) - 0.68% |
| #25 | TETRA TECHNOLOGIES INC (TTI) - 0.24% | MASTERCARD INC CLASS A (MA) - 0.63% |
| Total Holdings | 1241 | 505 |
IWC vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IWC
+3.18%
SPY
-1.37%
3M
Winner
IWC
+20.15%
SPY
+12.22%
6M
Winner
IWC
+19.49%
SPY
+7.20%
1Y
Winner
IWC
+56.41%
SPY
+23.58%
5Y(CAGR)
IWC
+5.85%
Winner
SPY
+13.19%
10Y(CAGR)
IWC
+11.60%
Winner
SPY
+15.12%
Max(CAGR)
IWC
+7.88%
Winner
SPY
+8.44%
IWC vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IWC | SPY |
|---|---|---|
| 2026 | +21.61% | +7.95% |
| 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 -0.79%. The current SPY drawdown is -3.18%.
| 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 | 0.40% | 0.50% |
| 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% |
Select Stocks to Compare
Popular: IWC vs SPY
More Comparisons
Compare with similar stocks
Compare IWC with:
Compare SPY with:
Popular suggestions:
SPY vs VOO
SPDR S&P 500 ETF Trust vs VANGUARD 500 INDEX FUND ETF SHARES
SPY vs BRK-B
SPDR S&P 500 ETF Trust vs Berkshire Hathaway Inc - Class B
SPY vs SCHD
SPDR S&P 500 ETF Trust vs SCHWAB U.S. DIVIDEND EQUITY ETF
SPY vs GLD
SPDR S&P 500 ETF Trust vs SPDR Gold Shares ETF
SPY vs SPYG
SPDR S&P 500 ETF Trust vs STATE STREET(R) SPDR(R) PORTFOLIO S&P 500(R) GROWTH ETF