IWO vs SPY
Comparison between ISHARES RUSSELL 2000 GROWTH ETF (IWO, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed IWO, delivering a return of +13.2% compared to +5.6%
IWO vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IWO
$15B
Winner
SPY
$781B
Expense Ratio
IWO
0.24%
Winner
SPY
0.09%
Max Drawdown
IWO
60.31%
Winner
SPY
56.47%
Sharpe Ratio
IWO
1.18
Winner
SPY
1.43
5Y Beta
IWO
1.22
Winner
SPY
1.00
P/E Ratio
Winner
IWO
-543.63
SPY
26.48
Forward P/E
Winner
IWO
19.52
SPY
20.89
PEG Ratio
IWO
N/A
SPY
0.30
5Y Dividends CAGR
Winner
IWO
8.50%
SPY
6.00%
5Y EPS CAGR
IWO
15.51%
Winner
SPY
26.40%
Debt to Equity
IWO
67.84%
Winner
SPY
48.17%
P/S Ratio
Winner
IWO
1.96
SPY
3.72
P/B Ratio
Winner
IWO
4.56
SPY
5.55
IWO vs SPY - Holdings Comparison
IWO and SPY have 1 common holdings. Overlap is 0.00%
IWO's top 25 holdings weight is 12.94%. SPY's top 25 holdings weight is 51.49%.
| Rank | IWO | SPY |
|---|---|---|
| #1 | BRIGHTSPRING HEALTH SERVICES INC (BTSG) - 0.70% | NVIDIA CORP (NVDA) - 7.76% |
| #2 | MOOG INC CLASS A (MOG-A) - 0.69% | APPLE INC (AAPL) - 7.44% |
| #3 | JFROG LTD ORDINARY SHARES (FROG) - 0.61% | MICROSOFT CORP (MSFT) - 4.56% |
| #4 | KRYSTAL BIOTECH INC (KRYS) - 0.55% | AMAZON.COM INC (AMZN) - 3.74% |
| #5 | GLAUKOS CORP (GKOS) - 0.54% | ALPHABET INC CLASS A (GOOGL) - 3.14% |
| #6 | CRINETICS PHARMACEUTICALS INC (CRNX) - 0.54% | BROADCOM INC (AVGO) - 2.83% |
| #7 | FIRSTCASH HOLDINGS INC (FCFS) - 0.53% | ALPHABET INC CLASS C (GOOG) - 2.53% |
| #8 | ESCO TECHNOLOGIES INC (ESE) - 0.53% | META PLATFORMS INC CLASS A (META) - 2.18% |
| #9 | ARGAN INC (AGX) - 0.53% | MICRON TECHNOLOGY INC (MU) - 1.69% |
| #10 | n/a (PRAX) - 0.51% | TESLA INC (TSLA) - 1.65% |
| #11 | STONEX GROUP INC (SNEX) - 0.51% | ELI LILLY AND CO (LLY) - 1.44% |
| #12 | HEALTHEQUITY INC (HQY) - 0.50% | JPMORGAN CHASE & CO (JPM) - 1.43% |
| #13 | NLIGHT INC (LASR) - 0.50% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.39% |
| #14 | POWER INTEGRATIONS INC (POWI) - 0.50% | ADVANCED MICRO DEVICES INC (AMD) - 1.37% |
| #15 | MAXLINEAR INC (MXL) - 0.50% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.97% |
| #16 | BRINKER INTERNATIONAL INC (EAT) - 0.50% | JOHNSON & JOHNSON (JNJ) - 0.93% |
| #17 | PROTAGONIST THERAPEUTICS INC (PTGX) - 0.50% | VISA INC CLASS A (V) - 0.91% |
| #18 | TG THERAPEUTICS INC (TGTX) - 0.49% | INTEL CORP (INTC) - 0.77% |
| #19 | RYMAN HOSPITALITY PROPERTIES INC (RHP) - 0.48% | WALMART INC (WMT) - 0.75% |
| #20 | n/a (HIMS) - 0.47% | ABBVIE INC (ABBV) - 0.70% |
| #21 | OSCAR HEALTH INC CLASS A (OSCR) - 0.46% | APPLIED MATERIALS INC (AMAT) - 0.69% |
| #22 | SPYRE THERAPEUTICS INC (SYRE) - 0.46% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #23 | FEDERAL SIGNAL CORP (FSS) - 0.45% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #24 | SILICON LABORATORIES INC (SLAB) - 0.45% | COSTCO WHOLESALE CORP (COST) - 0.64% |
| #25 | ZURN ELKAY WATER SOLUTIONS CORP (ZWS) - 0.44% | CATERPILLAR INC (CAT) - 0.63% |
| Total Holdings | 1059 | 505 |
IWO vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
IWO
-1.46%
Winner
SPY
+2.30%
3M
IWO
+2.83%
Winner
SPY
+5.00%
6M
Winner
IWO
+13.37%
SPY
+11.88%
1Y
Winner
IWO
+32.33%
SPY
+22.80%
5Y(CAGR)
IWO
+5.56%
Winner
SPY
+13.20%
10Y(CAGR)
IWO
+10.85%
Winner
SPY
+15.26%
Max(CAGR)
IWO
+7.14%
Winner
SPY
+8.59%
IWO vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IWO | SPY |
|---|---|---|
| 2026 | +17.65% | +13.10% |
| 2025 | +12.52% | +18.00% |
| 2024 | +16.13% | +25.59% |
| 2023 | +19.56% | +26.72% |
| 2022 | -27.17% | -18.64% |
| 2021 | +4.06% | +30.52% |
| 2020 | +34.46% | +17.28% |
| 2019 | +28.07% | +31.09% |
| 2018 | -10.30% | -5.24% |
| 2017 | +21.71% | +20.78% |
| 2016 | +14.71% | +13.59% |
| 2015 | -0.66% | +1.31% |
| 2014 | +6.99% | +14.56% |
| 2013 | +39.28% | +29.00% |
| 2012 | +13.33% | +14.17% |
| 2011 | -4.60% | +0.85% |
| 2010 | +26.19% | +13.14% |
| 2009 | +31.85% | +22.67% |
| 2008 | -37.46% | -36.25% |
| 2007 | +6.76% | +5.32% |
| 2006 | +10.89% | +13.85% |
| 2005 | +5.59% | +5.32% |
| 2004 | +13.00% | +10.75% |
| 2003 | +44.40% | +24.18% |
| 2002 | -30.51% | -22.42% |
| 2001 | -4.63% | -10.13% |
| 2000 | -14.94% | -8.84% |
| 1999 | N/A | +8.61% |
IWO vs SPY Drawdown Comparison
The maximum drawdown for IWO was -60.11%, occurring on Oct 9, 2002. Recovery took 1624 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current IWO drawdown is -2.45%. The current SPY drawdown is -0.36%.
| Rank | IWO | SPY |
|---|---|---|
| #1 | -60.11% Sep 1, 2000 - Feb 22, 2007 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -57.62% Oct 10, 2007 - Dec 21, 2010 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -42.02% Feb 9, 2021 - Oct 6, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -39.81% Feb 19, 2020 - Aug 7, 2020 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -29.23% Apr 29, 2011 - Sep 14, 2012 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -28.80% Aug 31, 2018 - Jan 14, 2020 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -28.69% Jun 23, 2015 - Dec 8, 2016 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -14.87% Jan 22, 2026 - Apr 17, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -14.44% Mar 4, 2014 - Dec 22, 2014 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.85% Sep 14, 2012 - Jan 2, 2013 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.26% Jul 19, 2007 - Oct 5, 2007 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -10.24% Oct 15, 2025 - Dec 11, 2025 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -9.04% Jan 26, 2018 - Mar 9, 2018 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -8.73% Feb 22, 2007 - Apr 16, 2007 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.76% Sep 2, 2020 - Oct 5, 2020 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between IWO 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)
IWO vs SPY dividend yield comparison.
| Year | IWO | SPY |
|---|---|---|
| 2026 | 0.14% | 0.48% |
| 2025 | 0.56% | 1.07% |
| 2024 | 0.80% | 1.21% |
| 2023 | 0.73% | 1.40% |
| 2022 | 0.73% | 1.65% |
| 2021 | 0.32% | 1.20% |
| 2020 | 0.44% | 1.52% |
| 2019 | 0.71% | 1.75% |
| 2018 | 0.76% | 2.04% |
| 2017 | 0.73% | 1.80% |
| 2016 | 0.97% | 2.03% |
| 2015 | 0.89% | 2.06% |
| 2014 | 0.73% | 1.87% |
| 2013 | 0.72% | 1.81% |
| 2012 | 1.46% | 2.18% |
| 2011 | 0.68% | 2.05% |
| 2010 | 0.66% | 1.80% |
| 2009 | 0.50% | 1.95% |
| 2008 | 1.10% | 3.02% |
| 2007 | 0.59% | 1.85% |
| 2006 | 0.32% | 1.73% |
| 2005 | 0.47% | 1.73% |
| 2004 | 0.24% | 1.82% |
| 2003 | 0.34% | 1.47% |
| 2002 | 0.43% | 1.70% |
| 2001 | 0.19% | 1.25% |
| 2000 | 0.09% | 1.15% |
| 1999 | 0.00% | 0.24% |
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