IWP vs SPY
Comparison between ISHARES RUSSELL MID-CAP GROWTH ETF (IWP, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed IWP, delivering a return of +13.3% compared to +6.1%
IWP vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IWP
$19B
Winner
SPY
$652B
Expense Ratio
IWP
0.23%
Winner
SPY
0.09%
Max Drawdown
IWP
57.34%
Winner
SPY
56.47%
Sharpe Ratio
IWP
0.48
Winner
SPY
2.07
5Y Beta
IWP
1.15
Winner
SPY
1.00
P/E Ratio
IWP
41.48
Winner
SPY
28.24
Forward P/E
IWP
24.15
Winner
SPY
21.85
5Y Dividends CAGR
Winner
IWP
7.77%
SPY
5.43%
5Y EPS CAGR
IWP
19.98%
Winner
SPY
25.79%
Debt to Equity
IWP
103.78%
Winner
SPY
22.35%
P/S Ratio
Winner
IWP
2.09
SPY
3.55
P/B Ratio
IWP
9.85
Winner
SPY
5.29
IWP vs SPY - Holdings Comparison
IWP and SPY have 88 common holdings. Overlap is 4.85%
IWP's top 25 holdings weight is 45.01%. SPY's top 25 holdings weight is 51.32%.
| Rank | IWP | SPY |
|---|---|---|
| #1 | VERTIV HOLDINGS CO CLASS A (VRT) - 4.16% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | HOWMET AEROSPACE INC (HWM) - 3.28% | APPLE INC (AAPL) - 6.48% |
| #3 | HILTON WORLDWIDE HOLDINGS INC (HLT) - 2.57% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | MONOLITHIC POWER SYSTEMS INC (MPWR) - 2.49% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | QUANTA SERVICES INC (PWR) - 2.46% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | CLOUDFLARE INC (NET) - 2.26% | BROADCOM INC (AVGO) - 3.09% |
| #7 | ROYAL CARIBBEAN GROUP (RCL) - 2.22% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | COMFORT SYSTEMS USA INC (FIX) - 2.11% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | CENCORA INC (COR) - 1.92% | TESLA INC (TSLA) - 1.73% |
| #10 | VISTRA CORP (VST) - 1.91% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | CARVANA CO CLASS A (CVNA) - 1.86% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | TARGA RESOURCES CORP (TRGP) - 1.74% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | IDEXX LABORATORIES INC (IDXX) - 1.55% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | W.W. GRAINGER INC (GWW) - 1.46% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | FASTENAL CO (FAST) - 1.44% | WALMART INC (WMT) - 0.91% |
| #16 | DATADOG INC CLASS A (DDOG) - 1.40% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | ROCKET LAB CORP (RKLB) - 1.36% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | AMERIPRISE FINANCIAL INC (AMP) - 1.34% | VISA INC CLASS A (V) - 0.85% |
| #19 | ALNYLAM PHARMACEUTICALS INC (ALNY) - 1.33% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | ROBLOX CORP ORDINARY SHARES CLASS A (RBLX) - 1.21% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | NRG ENERGY INC (NRG) - 1.11% | INTEL CORP (INTC) - 0.65% |
| #22 | AXON ENTERPRISE INC (AXON) - 1.03% | NETFLIX INC (NFLX) - 0.64% |
| #23 | EXPEDIA GROUP INC (EXPE) - 0.96% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | TAPESTRY INC (TPR) - 0.93% | CHEVRON CORP (CVX) - 0.58% |
| #25 | COUPANG INC ORDINARY SHARES CLASS A (CPNG) - 0.91% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 278 | 505 |
IWP vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
IWP
+3.53%
Winner
SPY
+9.11%
3M
IWP
+0.52%
Winner
SPY
+6.59%
6M
IWP
-1.35%
Winner
SPY
+10.56%
1Y
IWP
+8.74%
Winner
SPY
+32.04%
5Y(CAGR)
IWP
+6.12%
Winner
SPY
+13.35%
10Y(CAGR)
IWP
+12.30%
Winner
SPY
+15.49%
Max(CAGR)
Winner
IWP
+9.19%
SPY
+8.50%
IWP vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IWP | SPY |
|---|---|---|
| 2026 | -0.55% | +8.27% |
| 2025 | +7.84% | +18.00% |
| 2024 | +23.83% | +25.59% |
| 2023 | +26.60% | +26.72% |
| 2022 | -26.14% | -18.64% |
| 2021 | +14.23% | +30.52% |
| 2020 | +33.86% | +17.28% |
| 2019 | +35.72% | +31.09% |
| 2018 | -5.68% | -5.24% |
| 2017 | +24.12% | +20.78% |
| 2016 | +8.86% | +13.59% |
| 2015 | -0.33% | +1.31% |
| 2014 | +12.77% | +14.56% |
| 2013 | +32.21% | +29.00% |
| 2012 | +14.17% | +14.17% |
| 2011 | -2.97% | +0.85% |
| 2010 | +24.30% | +13.14% |
| 2009 | +40.22% | +22.67% |
| 2008 | -43.79% | -36.25% |
| 2007 | +11.28% | +5.32% |
| 2006 | +8.69% | +13.85% |
| 2005 | +13.54% | +5.32% |
| 2004 | +15.71% | +10.75% |
| 2003 | +37.61% | +24.18% |
| 2002 | -27.76% | -22.42% |
| 2001 | -2.79% | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
IWP vs SPY Drawdown Comparison
The maximum drawdown for IWP was -56.92%, occurring on Nov 20, 2008. Recovery took 824 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current IWP drawdown is -5.30%.
| Rank | IWP | SPY |
|---|---|---|
| #1 | -56.92% Oct 9, 2007 - Jan 14, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -39.72% Aug 1, 2001 - Dec 1, 2003 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -38.62% Nov 16, 2021 - Oct 11, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -35.87% Feb 19, 2020 - Jul 8, 2020 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -25.20% Feb 18, 2025 - Jul 3, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -25.03% Jul 7, 2011 - Mar 26, 2012 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -22.49% Sep 14, 2018 - Mar 21, 2019 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -20.26% Apr 23, 2015 - Aug 23, 2016 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -14.79% Oct 27, 2025 - Mar 30, 2026 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -14.14% Apr 5, 2004 - Nov 11, 2004 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -13.73% May 8, 2006 - Nov 15, 2006 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -13.49% Feb 12, 2021 - Jun 24, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -11.47% Jul 19, 2007 - Oct 5, 2007 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -11.32% Apr 2, 2012 - Sep 13, 2012 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.16% Sep 5, 2014 - Nov 6, 2014 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between IWP and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
IWP vs SPY dividend yield comparison.
| Year | IWP | SPY |
|---|---|---|
| 2026 | 0.04% | 0.24% |
| 2025 | 0.37% | 1.07% |
| 2024 | 0.40% | 1.21% |
| 2023 | 0.54% | 1.40% |
| 2022 | 0.77% | 1.65% |
| 2021 | 0.30% | 1.20% |
| 2020 | 0.38% | 1.52% |
| 2019 | 0.60% | 1.75% |
| 2018 | 1.02% | 2.04% |
| 2017 | 0.78% | 1.80% |
| 2016 | 1.16% | 2.03% |
| 2015 | 0.98% | 2.06% |
| 2014 | 1.03% | 1.87% |
| 2013 | 0.80% | 1.81% |
| 2012 | 1.32% | 2.18% |
| 2011 | 0.93% | 2.05% |
| 2010 | 0.85% | 1.80% |
| 2009 | 0.87% | 1.95% |
| 2008 | 1.26% | 3.02% |
| 2007 | 0.63% | 1.85% |
| 2006 | 0.70% | 1.73% |
| 2005 | 0.47% | 1.73% |
| 2004 | 0.28% | 1.82% |
| 2003 | 0.18% | 1.47% |
| 2002 | 0.13% | 1.70% |
| 2001 | 0.03% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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