Summary
IWP Chart
IWP: Strong Growth Profile, But Better Mid-Cap Options Elsewhere
I assign a 'Hold' rating to iShares Russell Mid-Cap Growth ETF (IWP) due to persistent underperformance versus peers and the broad market. IWP offers attractive growth characteristics and sector diversification, but its historical and risk-adjusted returns lag QQQJ, VO, VOT, and IWR. Expense ratio for IWP is higher than comparable mid-cap ETFs, further diminishing its relative appeal for new allocations.
IWP: Don't Look For Growth In The Middle Lane
IWP (iShares Russell Mid-Cap Growth ETF) structurally underperforms due to its mid-cap growth constraint, missing out on high-performing large-cap growth stocks. The fund's sector allocation—heavy on industrials and consumer discretionary, light on tech—misaligns with where growth is being rewarded in the current cycle. IWP's risk-adjusted returns lag peers, with a Sharpe ratio of 0.71 versus IWF's 1.22, despite higher beta and volatility.
Should iShares Russell Mid-Cap Growth ETF (IWP) Be on Your Investing Radar?
Launched on July 17, 2001, the iShares Russell Mid-Cap Growth ETF (IWP) is a passively managed exchange traded fund designed to provide a broad exposure to the Mid Cap Growth segment of the US equity market.
iShares Russell Mid-Cap Growth ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 8,123 | $948,558.5 | $1.14M | $191,382.7 | 20.18% |
| TMB Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 1,835 | $180,389.15 | $257,514.72 | $77,125.57 | 42.76% |
| CE Curtis Ellergodt Rothschild Investment LLC | 119 | $14,798.53 | $16,699.86 | $1,901.33 | 12.85% |
| TM Tom McDonald Richards, MERRILL & PETERSON Inc. | 186 | $25,471 | $26,101.38 | $630.38 | 2.47% |
| WH William Herlihy RESOURCES MANAGEMENT Corp. /CT/ /ADV | 200 | $27,690.44 | $28,067 | $376.56 | 1.36% |
iShares Russell Mid-Cap Growth ETF (IWP) FAQ
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Does it pay dividends? What is the current yield?
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iShares Russell Mid-Cap Growth ETF Profile
| ARCA Exchange | US Country |
Overview
The company operates within the financial sector, specifically targeting the mid-capitalization growth market in the United States. It primarily focuses on tracking the performance of this segment as delineated by the renowned Russell indexes. A significant portion of the company's strategy involves dedicating at least 80% of its investment assets towards the securities that form the core of its underlying index. This approach ensures that the company remains closely aligned with the performance and trends of the mid-cap growth sector, aiming to provide its investors with a transparent and focused investment avenue.
Products and Services
- Component Securities Investment
The foundational product of the company involves investing in the component securities that comprise its underlying index. This strategy aims to closely replicate the index's performance, thereby providing investors with a growth-oriented investment opportunity that mirrors the mid-cap sector of the U.S. equity market.
- Futures, Options, and Swap Contracts
In a bid to enhance its investment strategy and manage risk, the company may allocate up to 20% of its assets in various derivatives such as futures, options, and swap contracts. This diversified approach not only aims to hedge against volatility but also seeks to capitalize on market opportunities beyond direct stock investments.
- Cash and Cash Equivalents
To ensure liquidity and manage operational requirements, the company also invests in cash and cash equivalents. This allows for greater flexibility in investment decisions, enabling the firm to respond swiftly to market changes or to capitalize on imminent opportunities.
