SMCI - IWO: Unconvincing Small Cap Growth ETF
2024-04-21 15:43:50 ET
Summary
- iShares Russell 2000 Growth ETF (IWO) holds 1000+ stocks of the Russell 2000 Index with relative high growth and valuation metrics.
- The portfolio is well diversified across sectors and holdings.
- IWO has underperformed competitors over the last 8 years.
IWO strategy
iShares Russell 2000 Growth ETF ( IWO ) started investing operations on 07/24/2000 and tracks the Russell 2000 Growth Index. It has 1065 holdings, a 30-day SEC yield of 0.50% and an expense ratio of 0.24%. It is a direct competitor to Vanguard Russell 2000 Growth ETF ( VTWG ), which tracks the same index. Despite a higher fee, IWO shows a marginally higher 10-year return, pointing to a lower tracking error. Moreover, it also has more assets under management and much higher dollar trading volumes, as reported in the table below....
IWO: Unconvincing Small Cap Growth ETF