IWMW vs PSC
iShares Russell 2000 BuyWrite ETF vs Principal U.S. Small-Cap Multi-Factor ETF
Which is better, IWMW or PSC?
PSC has been ahead.
PSC has a lower expense ratio. PSC led over 1Y 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 | IWMW | PSC |
|---|---|---|
| Expense Ratio | 0.39% | 0.38%Best |
| AUM | $55M | $2.7B |
| Dividend Yield | 20.54% | 0.54% |
| Holdings | 12 | 986 |
| YTD Return | -6.72% | +15.67%Best |
| 1Y Return | -7.84% | +18.73%Best |
| 3Y Return (annualized) | - | +19.35% |
| 5Y Return (annualized) | - | +8.60% |
| Volatility (annualized) | 12.5%Best | 16.7% |
| Max Drawdown | -21.8%Best | -23.5% |
| $10,000 over 2.6 years | $10,555 | $14,369Best |
| Fund Family | iShares by BlackRock (US) | Principal Funds |
| Category | Equity | Equity |
| Style | Small Cap Blend | Small Cap Blend |
| Inception | Mar 14, 2024 | Sep 21, 2016 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Mar 15, 2024 to Oct 14, 2026 (2.6 years).
IWMW vs PSC 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 2.6 years both funds cover.
IWMW vs PSC Performance
iShares Russell 2000 BuyWrite ETF (IWMW) is an ETF from iShares by BlackRock (US) and Principal U.S. Small-Cap Multi-Factor ETF (PSC) is an ETF from Principal Funds. Over the past year IWMW returned -7.84% while PSC returned +18.73%. Year to date, IWMW is down 6.72% versus a gain of 15.67% for PSC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSC has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 12.5% for IWMW. 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 -21.8% for IWMW and -23.5% for PSC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IWMW charges 0.39% per year while PSC charges 0.38%. On a $10,000 position that is $39 vs $38 annually, a gap of $1 per year that compounds over a long holding period. On income, IWMW currently yields 20.54% against 0.54% for PSC.
Holdings Overlap
We hold position weights for 2 holdings in IWMW and 489 in PSC, totalling 100.3% and 100.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in IWMW and 489 in PSC, against full books of 12 and 986.
You are not choosing between two funds in isolation.
Whichever of IWMW and PSC you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IWMW or PSC?
IWMW has an expense ratio of 0.39% while PSC charges 0.38%. PSC is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, IWMW or PSC?
Over the past year IWMW returned -7.84% vs +18.73% for PSC, so PSC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWMW or PSC?
PSC has been the more volatile fund at 16.7% annualized versus 12.5% for IWMW. Worst drawdown: IWMW -21.8% vs PSC -23.5%.
Should I hold both IWMW and PSC?
IWMW and PSC have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IWMW or PSC?
IWMW yields 20.54% while PSC yields 0.54%, so IWMW currently pays the higher dividend yield.
Is PSC better than IWMW?
PSC has a lower expense ratio. PSC led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.