IWN vs SPY
Comparison between ISHARES RUSSELL 2000 VALUE ETF (IWN, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed IWN, delivering a return of +13.2% compared to +7.5%
IWN vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IWN
$14B
Winner
SPY
$784B
Expense Ratio
IWN
0.24%
Winner
SPY
0.09%
Max Drawdown
IWN
62.91%
Winner
SPY
56.47%
Sharpe Ratio
Winner
IWN
1.92
SPY
1.54
5Y Beta
Winner
IWN
0.96
SPY
1.00
P/E Ratio
IWN
331.26
Winner
SPY
27.62
Forward P/E
Winner
IWN
11.90
SPY
21.11
5Y Dividends CAGR
Winner
IWN
9.67%
SPY
6.00%
5Y EPS CAGR
IWN
6.19%
Winner
SPY
25.30%
Debt to Equity
IWN
42.17%
Winner
SPY
31.11%
P/S Ratio
Winner
IWN
1.25
SPY
3.49
P/B Ratio
Winner
IWN
1.54
SPY
5.30
IWN vs SPY - Holdings Comparison
IWN and SPY have 2 common holdings. Overlap is 0.03%
IWN's top 25 holdings weight is 12.88%. SPY's top 25 holdings weight is 51.24%.
| Rank | IWN | SPY |
|---|---|---|
| #1 | ECHOSTAR CORP CLASS A (SATS) - 1.19% | NVIDIA CORP (NVDA) - 7.81% |
| #2 | TTM TECHNOLOGIES INC (TTMI) - 0.68% | APPLE INC (AAPL) - 6.81% |
| #3 | COEUR MINING INC (CDE) - 0.66% | MICROSOFT CORP (MSFT) - 4.53% |
| #4 | HECLA MINING CO (HL) - 0.63% | AMAZON.COM INC (AMZN) - 3.72% |
| #5 | CARETRUST REIT INC (CTRE) - 0.53% | ALPHABET INC CLASS A (GOOGL) - 3.39% |
| #6 | FLUOR CORP (FLR) - 0.52% | BROADCOM INC (AVGO) - 2.77% |
| #7 | UMB FINANCIAL CORP (UMBF) - 0.52% | ALPHABET INC CLASS C (GOOG) - 2.72% |
| #8 | SM ENERGY CO (SM) - 0.52% | META PLATFORMS INC CLASS A (META) - 2.03% |
| #9 | n/a (PRAX) - 0.50% | MICRON TECHNOLOGY INC (MU) - 1.78% |
| #10 | VAXCYTE INC ORDINARY SHARES (PCVX) - 0.49% | TESLA INC (TSLA) - 1.76% |
| #11 | JACKSON FINANCIAL INC (JXN) - 0.49% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41% |
| #12 | CYTOKINETICS INC (CYTK) - 0.48% | JPMORGAN CHASE & CO (JPM) - 1.38% |
| #13 | OLD NATIONAL BANCORP (ONB) - 0.47% | ELI LILLY AND CO (LLY) - 1.38% |
| #14 | ORMAT TECHNOLOGIES INC (ORA) - 0.47% | ADVANCED MICRO DEVICES INC (AMD) - 1.28% |
| #15 | COMMERCIAL METALS CO (CMC) - 0.47% | EXXON MOBIL CORP (XOM) - 0.92% |
| #16 | VIASAT INC (VSAT) - 0.45% | JOHNSON & JOHNSON (JNJ) - 0.88% |
| #17 | SSR MINING INC (SSRM) - 0.44% | VISA INC CLASS A (V) - 0.87% |
| #18 | TERRENO REALTY CORP (TRNO) - 0.43% | INTEL CORP (INTC) - 0.85% |
| #19 | NOBLE CORP PLC CLASS A (NE) - 0.43% | WALMART INC (WMT) - 0.82% |
| #20 | ESSENTIAL PROPERTIES REALTY TRUST INC (EPRT) - 0.42% | CISCO SYSTEMS INC (CSCO) - 0.73% |
| #21 | SOUTHWEST GAS HOLDINGS INC (SWX) - 0.42% | LAM RESEARCH CORP (LRCX) - 0.71% |
| #22 | TRANSOCEAN LTD (RIG) - 0.42% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #23 | VALARIS LTD (VAL) - 0.42% | CATERPILLAR INC (CAT) - 0.68% |
| #24 | ENERSYS (ENS) - 0.42% | COSTCO WHOLESALE CORP (COST) - 0.68% |
| #25 | PORTLAND GENERAL ELECTRIC CO (POR) - 0.41% | MASTERCARD INC CLASS A (MA) - 0.63% |
| Total Holdings | 1404 | 505 |
IWN vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IWN
+3.32%
SPY
-1.37%
3M
Winner
IWN
+16.55%
SPY
+12.22%
6M
Winner
IWN
+18.59%
SPY
+7.20%
1Y
Winner
IWN
+42.32%
SPY
+23.58%
5Y(CAGR)
IWN
+7.47%
Winner
SPY
+13.19%
10Y(CAGR)
IWN
+10.32%
Winner
SPY
+15.12%
Max(CAGR)
Winner
IWN
+10.14%
SPY
+8.44%
IWN vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IWN | SPY |
|---|---|---|
| 2026 | +19.72% | +7.95% |
| 2025 | +12.57% | +18.00% |
| 2024 | +8.00% | +25.59% |
| 2023 | +14.92% | +26.72% |
| 2022 | -15.78% | -18.64% |
| 2021 | +29.69% | +30.52% |
| 2020 | +4.78% | +17.28% |
| 2019 | +21.05% | +31.09% |
| 2018 | -13.73% | -5.24% |
| 2017 | +7.03% | +20.78% |
| 2016 | +34.63% | +13.59% |
| 2015 | -7.27% | +1.31% |
| 2014 | +5.30% | +14.56% |
| 2013 | +30.27% | +29.00% |
| 2012 | +15.86% | +14.17% |
| 2011 | -7.51% | +0.85% |
| 2010 | +21.53% | +13.14% |
| 2009 | +20.24% | +22.67% |
| 2008 | -27.94% | -36.25% |
| 2007 | -10.53% | +5.32% |
| 2006 | +21.09% | +13.85% |
| 2005 | +6.72% | +5.32% |
| 2004 | +24.57% | +10.75% |
| 2003 | +45.92% | +24.18% |
| 2002 | -9.00% | -22.42% |
| 2001 | +20.67% | -10.13% |
| 2000 | +15.68% | -8.84% |
| 1999 | N/A | +8.61% |
IWN vs SPY Drawdown Comparison
The maximum drawdown for IWN was -61.53%, occurring on Mar 9, 2009. Recovery took 1333 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current IWN drawdown is -0.20%. The current SPY drawdown is -3.18%.
| Rank | IWN | SPY |
|---|---|---|
| #1 | -61.53% Jun 4, 2007 - Sep 14, 2012 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -46.07% Aug 22, 2018 - Dec 15, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -32.83% May 2, 2002 - Aug 19, 2003 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -26.70% Nov 25, 2024 - Sep 18, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -25.93% Nov 8, 2021 - Jul 16, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -22.54% Jun 23, 2015 - Aug 5, 2016 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -19.41% Jun 29, 2001 - Dec 6, 2001 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -12.38% Jul 3, 2014 - Dec 29, 2014 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -12.02% May 9, 2006 - Oct 12, 2006 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -11.86% Jun 8, 2021 - Nov 3, 2021 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -11.37% Apr 5, 2004 - Sep 30, 2004 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -10.57% Sep 14, 2012 - Dec 20, 2012 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -10.14% Aug 2, 2005 - Jan 6, 2006 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -9.85% Jul 26, 2024 - Oct 16, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -9.75% Mar 12, 2021 - Jun 1, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between IWN and SPY is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (1999 - 2026)
IWN vs SPY dividend yield comparison.
| Year | IWN | SPY |
|---|---|---|
| 2026 | 0.60% | 0.50% |
| 2025 | 1.70% | 1.07% |
| 2024 | 1.80% | 1.21% |
| 2023 | 2.04% | 1.40% |
| 2022 | 2.12% | 1.65% |
| 2021 | 1.48% | 1.20% |
| 2020 | 1.60% | 1.52% |
| 2019 | 1.92% | 1.75% |
| 2018 | 1.99% | 2.04% |
| 2017 | 1.78% | 1.80% |
| 2016 | 1.74% | 2.03% |
| 2015 | 2.15% | 2.06% |
| 2014 | 1.88% | 1.87% |
| 2013 | 1.77% | 1.81% |
| 2012 | 2.50% | 2.18% |
| 2011 | 2.03% | 2.05% |
| 2010 | 1.63% | 1.80% |
| 2009 | 1.82% | 1.95% |
| 2008 | 2.46% | 3.02% |
| 2007 | 2.03% | 1.85% |
| 2006 | 1.59% | 1.73% |
| 2005 | 2.75% | 1.73% |
| 2004 | 4.13% | 1.82% |
| 2003 | 3.72% | 1.47% |
| 2002 | 5.68% | 1.70% |
| 2001 | 5.53% | 1.25% |
| 2000 | 2.29% | 1.15% |
| 1999 | 0.00% | 0.24% |
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