IWM — iShares Russell 2000 ETF

IWM Price Performance — Growth of $10,000

Value of a $10,000 investment in IWM over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

IWM Drawdown

The "underwater" chart: IWM's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares Russell 2000 ETF (IWM) is a US Small Cap fund issued by iShares that tracks a category containing 18 ETFs monitored by ETFValuer. With $83.0 billion in assets under management and a share price of $293.37, the fund demonstrates significant investor adoption relative to its peers. It holds an overall rank of #76 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 72.7 out of 100. The fund charges an expense ratio of 0.19% while offering a dividend yield of 0.69%. These metrics position the ETF as a substantial, cost-efficient vehicle within its specific sector classification. The combination of high assets and a mid-tier rank suggests broad market participation despite not being the top-ranked option in its category.

Recent price action shows a short-term decline, with the fund falling 1.07% over one week and 2.15% over one month before recovering slightly with a 0.16% gain in the last day. Despite these near-term fluctuations, the fund has posted strong gains over longer horizons, rising 6.11% in three months and 11.60% over six months. Year-to-date performance has been particularly robust at +18.41%, building on a 32.10% return over the past year. This upward trajectory extends further back, with the fund delivering a 55.78% return over the last three years. The data indicates a pattern where short-term volatility has not prevented significant long-term appreciation. While category peers like IJR and VBR show different one-year returns of +31.27% and +24.37% respectively, IWM's multi-year growth remains a defining characteristic of its recent history.

The fund carries a Moderate volatility label and a beta of 1.26, indicating that its price movements tend to be more pronounced than the broader market. A Sharpe ratio of 1.40 suggests that the returns generated have been efficient relative to the amount of risk taken during the measured period. However, the fund has experienced a maximum drawdown of -27.50%, highlighting the potential for significant temporary losses during market downturns. This combination of a beta above 1.0 and a substantial drawdown implies that the ETF amplifies market swings in both directions. Investors should expect higher sensitivity to market movements compared to lower-beta alternatives, balanced by the fund's ability to generate positive risk-adjusted returns as reflected in its Sharpe ratio.

AI-generated summary based on the data on this page.

IWM Top Holdings

Holdings as of 2025-09-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 20.2% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how IWM's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With IWM

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with IWM's top 10 — IWO overlaps most, holding 8 of the same companies as IWM's top 10 (19.4% of IWM's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

IWM Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 25.8M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $83.0B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: IWM is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

IWM Performance History

How IWM Compares to Other US Small Cap ETFs