IWR vs SPY
Comparison between ISHARES RUSSELL MID-CAP ETF (IWR, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed IWR, delivering a return of +13.3% compared to +8.5%
IWR vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IWR
$56B
Winner
SPY
$795B
Expense Ratio
IWR
0.18%
Winner
SPY
0.09%
Max Drawdown
IWR
59.73%
Winner
SPY
56.47%
Sharpe Ratio
IWR
1.30
Winner
SPY
1.42
5Y Beta
Winner
IWR
0.90
SPY
1.00
P/E Ratio
IWR
27.74
Winner
SPY
26.48
Forward P/E
Winner
IWR
18.00
SPY
21.06
PEG Ratio
IWR
N/A
SPY
0.30
5Y Dividends CAGR
Winner
IWR
9.85%
SPY
6.00%
5Y EPS CAGR
IWR
12.80%
Winner
SPY
26.40%
Debt to Equity
IWR
120.70%
Winner
SPY
48.17%
P/S Ratio
Winner
IWR
1.91
SPY
3.72
P/B Ratio
Winner
IWR
3.13
SPY
5.55
IWR vs SPY - Holdings Comparison
IWR and SPY have 269 common holdings. Overlap is 10.41%
IWR's top 25 holdings weight is 11.85%. SPY's top 25 holdings weight is 51.49%.
| Rank | IWR | SPY |
|---|---|---|
| #1 | SNOWFLAKE INC ORDINARY SHARES (SNOW) - 0.71% | NVIDIA CORP (NVDA) - 7.76% |
| #2 | MARATHON PETROLEUM CORP (MPC) - 0.68% | APPLE INC (AAPL) - 7.44% |
| #3 | CLOUDFLARE INC (NET) - 0.64% | MICROSOFT CORP (MSFT) - 4.56% |
| #4 | DATADOG INC CLASS A (DDOG) - 0.64% | AMAZON.COM INC (AMZN) - 3.74% |
| #5 | PHILLIPS 66 (PSX) - 0.62% | ALPHABET INC CLASS A (GOOGL) - 3.14% |
| #6 | ROYAL CARIBBEAN GROUP (RCL) - 0.58% | BROADCOM INC (AVGO) - 2.83% |
| #7 | SIMON PROPERTY GROUP INC (SPG) - 0.53% | ALPHABET INC CLASS C (GOOG) - 2.53% |
| #8 | DIGITAL REALTY TRUST INC (DLR) - 0.50% | META PLATFORMS INC CLASS A (META) - 2.18% |
| #9 | UNITED RENTALS INC (URI) - 0.49% | MICRON TECHNOLOGY INC (MU) - 1.69% |
| #10 | ALLSTATE CORP (ALL) - 0.49% | TESLA INC (TSLA) - 1.65% |
| #11 | ROBINHOOD MARKETS INC CLASS A (HOOD) - 0.48% | ELI LILLY AND CO (LLY) - 1.44% |
| #12 | HEWLETT PACKARD ENTERPRISE CO (HPE) - 0.46% | JPMORGAN CHASE & CO (JPM) - 1.43% |
| #13 | n/a (WBD) - 0.46% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.39% |
| #14 | KINDER MORGAN INC CLASS P (KMI) - 0.45% | ADVANCED MICRO DEVICES INC (AMD) - 1.37% |
| #15 | COMFORT SYSTEMS USA INC (FIX) - 0.44% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.97% |
| #16 | BAKER HUGHES CO CLASS A (BKR) - 0.44% | JOHNSON & JOHNSON (JNJ) - 0.93% |
| #17 | W.W. GRAINGER INC (GWW) - 0.44% | VISA INC CLASS A (V) - 0.91% |
| #18 | REALTY INCOME CORP (O) - 0.43% | INTEL CORP (INTC) - 0.77% |
| #19 | TERADYNE INC (TER) - 0.42% | WALMART INC (WMT) - 0.75% |
| #20 | TARGA RESOURCES CORP (TRGP) - 0.42% | ABBVIE INC (ABBV) - 0.70% |
| #21 | BLOCK INC CLASS A (XYZ) - 0.31% | APPLIED MATERIALS INC (AMAT) - 0.69% |
| #22 | YUM BRANDS INC (YUM) - 0.31% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #23 | CBRE GROUP INC CLASS A (CBRE) - 0.31% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #24 | OCCIDENTAL PETROLEUM CORP (OXY) - 0.30% | COSTCO WHOLESALE CORP (COST) - 0.64% |
| #25 | AXON ENTERPRISE INC (AXON) - 0.30% | CATERPILLAR INC (CAT) - 0.63% |
| Total Holdings | 787 | 505 |
IWR vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IWR
+2.78%
SPY
+2.39%
3M
Winner
IWR
+7.44%
SPY
+4.83%
6M
IWR
+11.20%
Winner
SPY
+12.29%
1Y
Winner
IWR
+23.75%
SPY
+22.90%
5Y(CAGR)
IWR
+8.52%
Winner
SPY
+13.32%
10Y(CAGR)
IWR
+11.67%
Winner
SPY
+15.36%
Max(CAGR)
Winner
IWR
+10.08%
SPY
+8.61%
IWR vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IWR | SPY |
|---|---|---|
| 2026 | +16.81% | +13.76% |
| 2025 | +10.50% | +18.00% |
| 2024 | +15.85% | +25.59% |
| 2023 | +17.57% | +26.72% |
| 2022 | -17.15% | -18.64% |
| 2021 | +24.43% | +30.52% |
| 2020 | +16.54% | +17.28% |
| 2019 | +30.71% | +31.09% |
| 2018 | -9.72% | -5.24% |
| 2017 | +17.37% | +20.78% |
| 2016 | +15.08% | +13.59% |
| 2015 | -2.62% | +1.31% |
| 2014 | +14.16% | +14.56% |
| 2013 | +31.20% | +29.00% |
| 2012 | +15.74% | +14.17% |
| 2011 | -2.81% | +0.85% |
| 2010 | +23.51% | +13.14% |
| 2009 | +35.99% | +22.67% |
| 2008 | -40.68% | -36.25% |
| 2007 | +4.90% | +5.32% |
| 2006 | +13.43% | +13.85% |
| 2005 | +14.09% | +5.32% |
| 2004 | +20.21% | +10.75% |
| 2003 | +35.79% | +24.18% |
| 2002 | -15.46% | -22.42% |
| 2001 | +0.35% | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
IWR vs SPY Drawdown Comparison
The maximum drawdown for IWR was -58.78%, occurring on Mar 9, 2009. Recovery took 900 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current IWR drawdown is -0.03%. The current SPY drawdown is -0.03%.
| Rank | IWR | SPY |
|---|---|---|
| #1 | -58.78% Jul 13, 2007 - Feb 7, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -40.59% Feb 20, 2020 - Oct 12, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -32.26% Mar 19, 2002 - Sep 2, 2003 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -26.17% Nov 16, 2021 - Mar 20, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -24.17% Jul 7, 2011 - Mar 15, 2012 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -21.21% Aug 29, 2018 - Apr 8, 2019 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -21.09% Nov 25, 2024 - Jul 23, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -20.33% Aug 2, 2001 - Jan 4, 2002 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -19.42% Apr 23, 2015 - Jul 12, 2016 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.82% Apr 2, 2012 - Sep 6, 2012 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.11% May 5, 2006 - Oct 16, 2006 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -9.68% Jan 26, 2018 - Jul 26, 2018 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -9.33% Sep 5, 2014 - Nov 7, 2014 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -8.91% Apr 5, 2004 - Oct 1, 2004 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.17% Feb 26, 2026 - Apr 17, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between IWR 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)
IWR vs SPY dividend yield comparison.
| Year | IWR | SPY |
|---|---|---|
| 2026 | 0.49% | 0.48% |
| 2025 | 1.29% | 1.07% |
| 2024 | 1.27% | 1.21% |
| 2023 | 1.43% | 1.40% |
| 2022 | 1.59% | 1.65% |
| 2021 | 1.05% | 1.20% |
| 2020 | 1.28% | 1.52% |
| 2019 | 1.43% | 1.75% |
| 2018 | 1.98% | 2.04% |
| 2017 | 1.52% | 1.80% |
| 2016 | 1.72% | 2.03% |
| 2015 | 1.59% | 2.06% |
| 2014 | 1.45% | 1.87% |
| 2013 | 1.31% | 1.81% |
| 2012 | 1.81% | 2.18% |
| 2011 | 1.58% | 2.05% |
| 2010 | 1.45% | 1.80% |
| 2009 | 1.50% | 1.95% |
| 2008 | 2.09% | 3.02% |
| 2007 | 1.37% | 1.85% |
| 2006 | 1.31% | 1.73% |
| 2005 | 1.40% | 1.73% |
| 2004 | 1.11% | 1.82% |
| 2003 | 1.08% | 1.47% |
| 2002 | 1.08% | 1.70% |
| 2001 | 0.59% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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