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 is a US Small Cap fund issued by iShares with $78.0 billion in assets under management. It holds an ETFValuer grade of C, ranking 9th out of 18 peers in its category and 196th of 458 tracked ETFs overall. The fund charges an expense ratio of 0.19%, which sits above the category median of 0.15%. Its dividend yield of 0.98% trails the category median of 1.26%. The top 10 holdings account for 20.1% of assets, with the largest position being BlackRock Funds III at 17.0%.

The fund’s price of $277.70 places it at 64.0% of its 52-week range. Short-term returns show weakness, with declines of 1.29% over one day and 5.51% over one month. In contrast, longer-term performance is positive, with a one-year return of 13.66% and a three-year return of 67.21%. These figures fall short of the category median one-year return of 15.76%. The rating was downgraded from B to C on 2026-10-06, and price history is available for only 3.0 years.

With a beta of 1.27, the ETF moves more than the broader market. Annualized volatility of 18.71% is classified as Moderate. The Sharpe ratio of 0.46 suggests modest risk-adjusted returns relative to the risk taken. Maximum drawdown has reached -27.50%, indicating significant potential for loss. Liquidity is supported by an average daily volume of 20,931,839 shares.

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

IWM Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 20.1% 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 6 of the same companies as IWM's top 10 (18.7% 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: 5.27% (as of 2026-10-06) — 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): 15.01 (as of 2026-10-06) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

IWM Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 20.9M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $78.0B 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