FRTY vs IWP
Alger Mid Cap 40 ETF vs iShares Russell Midcap Growth ETF
Which is better, FRTY or IWP?
Each has led over a different period.
IWP has a lower expense ratio. FRTY led over 1Y and 3Y, IWP over 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FRTY | IWP |
|---|---|---|
| Expense Ratio | 0.60% | 0.23%Best |
| AUM | $151M | $19.7B |
| Dividend Yield | 0.17% | 0.38% |
| Holdings | 43 | 270 |
| YTD Return | +4.13%Best | -1.07% |
| 1Y Return | -2.01%Best | -3.97% |
| 3Y Return (annualized) | +22.26%Best | +14.50% |
| 5Y Return (annualized) | -0.02% | +3.72%Best |
| Volatility (annualized) | 22.9% | 19.4%Best |
| Max Drawdown | -53.1% | -38.6%Best |
| $10,000 over 5 years | $9,990 | $12,004Best |
| Fund Family | Alger | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Mid Cap Growth |
| Inception | Feb 26, 2021 | Jul 17, 2001 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Mar 1, 2021 to Oct 14, 2026 (5.6 years).
FRTY vs IWP growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.6 years both funds cover.
FRTY vs IWP Performance
Alger Mid Cap 40 ETF (FRTY) is an ETF from Alger and iShares Russell Midcap Growth ETF (IWP) is an ETF from iShares by BlackRock (US). Over the past year FRTY returned -2.01% while IWP returned -3.97%. Year to date, FRTY is up 4.13% versus a loss of 1.07% for IWP.
Over three years, FRTY compounded at +22.26% per year against +14.50% for IWP; over five years the annualized figures are -0.02% and +3.72% respectively. Across the full 6-year window we track, IWP has the edge at +4.93% annualized vs +2.43%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FRTY has been the more volatile fund, with annualized monthly volatility of 22.9% compared with 19.4% for IWP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -53.1% for FRTY and -38.6% for IWP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FRTY charges 0.60% per year while IWP charges 0.23%. On a $10,000 position that is $60 vs $23 annually, a gap of $37 per year that compounds over a long holding period. On income, FRTY currently yields 0.17% against 0.38% for IWP.
Holdings Overlap
At least 22.8% of IWP's money is in holdings FRTY also owns.
Stated as a floor: for FRTY, our book for it covers 90.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
IWP and FRTY share little of their money.
18 positions in common, counted across the 40 positions we hold weights for in FRTY and 271 in IWP, against full books of 43 and 270.
Top Shared Holdings
| Stock | Weight in FRTY | Weight in IWP | Difference |
|---|---|---|---|
| NETCloudflare Inc (180 Day Lockup) | 3.99% | 3.22% | 0.77% |
| SNOWSnowflake Inc | 3.44% | 3.29% | 0.15% |
| DDOGDatadog Inc | 2.30% | 2.61% | 0.31% |
| FIXComfort Systems USA Inc. | 3.14% | 1.69% | 1.45% |
| HOODRobinhood Markets Inc - A | 2.31% | 2.03% | 0.28% |
| NTRANatera Inc | 2.49% | 1.60% | 0.89% |
| GHGuardant Health, Inc | 3.22% | 0.57% | 2.65% |
| HEI.AHeico Corp. Cl. A | 2.96% | 0.50% | 2.46% |
| MCHPMicrochip Technology Inc. | 1.90% | 1.20% | 0.70% |
| AXONAxon Enterprise Inc | 2.12% | 0.94% | 1.18% |
22.8% of IWP is already inside FRTY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FRTY or IWP?
FRTY has an expense ratio of 0.60% while IWP charges 0.23%. IWP is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, FRTY or IWP?
Over the past year FRTY returned -2.01% vs -3.97% for IWP, so FRTY leads on 1-year performance. Over the longest common window we track (6 years), FRTY annualized +2.43% vs +4.93% for IWP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FRTY or IWP?
FRTY has been the more volatile fund at 22.9% annualized versus 19.4% for IWP. Worst drawdown: FRTY -53.1% vs IWP -38.6%.
Should I hold both FRTY and IWP?
FRTY and IWP have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FRTY and IWP?
At least 22.8% of IWP's money is in holdings FRTY also owns. Our book for FRTY is partial, so the real figure is this or higher. They hold 18 positions in common, counted across the 40 positions we hold weights for in FRTY and 271 in IWP.
Which pays a higher dividend, FRTY or IWP?
FRTY yields 0.17% while IWP yields 0.38%, so IWP currently pays the higher dividend yield.
Is IWP better than FRTY?
IWP has a lower expense ratio. FRTY led over 1Y and 3Y, IWP over 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.