IWC

iShares Micro-Cap ETF
B

82
*Unless otherwise stated, data provided by FactSet.

IWC Fund Description

The iShares Microcap ETF tracks a market-cap-weighted index of U.S. micro-cap stocks. The index selects the smallest 1000 stocks in the Russell 2000 Index.

IWC Factset Analytics Insight

IWC offers size and liquidity in a segment where both of those elements are wanting. It takes a plain vanilla, market-cap-weighted view of the micro-cap segment. From our perspective, however, it skews large, putting a lot of weight in companies we consider small-caps. Its beta indicates that the fund is relatively volatile compared with the broad US micro-cap market. Still, it provides decent coverage of the space overall. The real draw for IWC is its liquidity: retail traders will find a fund that trades in high volume each day at thin spreads, and block liquidity is excellent for larger investors. The catch is that IWC charges a rather high, but competitive, fee for the micro-cap space. Holdings costs are likely to be lower, however, thanks to smart management that recovers a sizeable chunk of the fund's expense ratio.

IWC CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 10/17/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
IWC -6.09% -7.08% 4.64% 6.23% 11.66% 8.47% 11.78%
IWC (NAV) -6.12% -6.99% 4.73% 6.09% 11.64% 8.49% 12.47%
Russell Microcap -6.07% -6.94% 4.72% 6.26% 11.71% 8.54% 12.47%
MSCI USA Micro Cap Index -4.08% -5.88% 4.95% 7.26% 11.83% 7.77% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IWC Top 10 Countries

IWC Top 10 Sectors

IWC Top 10 Holdings [View All]

IWC Summary Data

BlackRock
iShares
08/12/05
Open-Ended Fund
0.60%
$1.02B
$4.73M
0.26%

IWC Portfolio Data

$672.31M
-31.98
2.25
1.05%
12/17/18
1328

IWC Index Data

Russell Microcap
Market Cap
Market Cap
MSCI USA Micro Cap Index

IWC Portfolio Management

0.60%
-0.14%
0.06%
-0.46%

IWC Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

IWC Fund Structure

Open-Ended Fund
No
Yes
72% / 29%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

IWC Factset Analytics Block Liquidity

As of 10/18/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of IWC. IWC is rated a 5 out of 5.

IWC Tradability

44,764
$4.73M
29,534
$3.12M
0.26%
$0.28
0.02%
0.35% / -0.40%
None
100.00%
50,000
0.59
0.06%
0.38%
277
$99.49
5

IWC Sector/Industry Breakdown


IWC
Segment Benchmark
26.48%
26.04%
20.54%
19.62%
12.67%
9.99%
12.00%
9.68%
9.24%
11.09%
4.35%
5.08%
4.25%
2.81%
3.47%
2.77%
1.16%
1.05%
1.11%
0.54%

IWC Countries


IWC
Segment Benchmark
99.84%
99.94%
0.16%
0.06%

IWC Regions


IWC
Segment Benchmark
100.00%
100.00%

IWC Economic Development


IWC
Segment Benchmark
100.00%
100.00%

IWC Performance Statistics

0.94
1.05
1.07
1.07
0.24%
MSCI USA Micro Cap Index

IWC BENCHMARK COMPARISON HOLDINGS

1328
987
773
31.83%

IWC BENCHMARK COMPARISON SUMMARY


IWC
Segment Benchmark
1328
987
$672.31M
$378.19M
-31.98
-7.18
2.25
2.14
1.02%
0.87%
Low
--

IWC BENCHMARK COMPARISON MARKET CAP SIZE


IWC
Segment Benchmark
0.00%
0.00%
0.00%
0.00%
51.75%
10.26%
48.25%
89.74%

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