iShares Micro-Cap (IWC): Historical Returns

Data Source: from January 1972 to February 2024 (~52 years)
Consolidated Returns as of 29 February 2024
Category: Stocks
iShares Micro-Cap (IWC) ETF
ETF • LIVE PERFORMANCE (USD currency)
6.47%
February 2024

In the last 30 Years, the iShares Micro-Cap (IWC) ETF obtained a 10.56% compound annual return, with a 20.38% standard deviation.

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The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Micro Cap
  • Style: Blend
  • Region: North America
  • Country: U.S.

Investment Returns as of Feb 29, 2024

The iShares Micro-Cap (IWC) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
ISHARES MICRO-CAP (IWC) ETF
Consolidated returns as of 29 February 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Feb 29, 2024
  1 Day Time ET(*) Mar 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~52Y)
iShares Micro-Cap (IWC) ETF n.a. n.a. 6.47 10.90 4.65 5.53 5.48 10.56 12.06
US Inflation Adjusted return 6.47 9.65 1.89 1.37 2.63 7.84 7.81
Returns over 1 year are annualized | Available data source: since Jan 1972
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Jan 2024. Pending updates, the monthly inflation is set at 0% for the subsequent periods. Current inflation (annualized) is 1Y: 2.71% , 5Y: 4.10% , 10Y: 2.77% , 30Y: 2.52%

In 2023, the iShares Micro-Cap (IWC) ETF granted a 1.27% dividend yield. If you are interested in getting periodic income, please refer to the iShares Micro-Cap (IWC) ETF: Dividend Yield page.

Capital Growth as of Feb 29, 2024

An investment of 1$, since March 1994, now would be worth 20.34$, with a total return of 1933.73% (10.56% annualized).

The Inflation Adjusted Capital now would be 9.63$, with a net total return of 863.39% (7.84% annualized).
An investment of 1$, since January 1972, now would be worth 380.59$, with a total return of 37959.33% (12.06% annualized).

The Inflation Adjusted Capital now would be 50.51$, with a net total return of 4951.06% (7.81% annualized).

Investment Metrics as of Feb 29, 2024

Metrics of iShares Micro-Cap (IWC) ETF, updated as of 29 February 2024.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
ISHARES MICRO-CAP (IWC) ETF
Advanced Metrics
Data Source: 1 January 1972 - 29 February 2024 (~52 years)
Swipe left to see all data
Metrics as of Feb 29, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~52Y)
Investment Return (%) 6.47 16.77 10.90 4.65 -5.18 5.53 5.48 6.10 10.56 12.06
Infl. Adjusted Return (%) details 6.47 16.15 9.65 1.89 -10.14 1.37 2.63 3.44 7.84 7.81
US Inflation (%) 0.00 0.54 1.14 2.71 5.52 4.10 2.77 2.56 2.52 3.95
Pending updates, the monthly inflation after Jan 2024 is set at 0%. Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -18.98 -37.38 -37.38 -37.70 -59.30 -59.30 -61.91
Start to Recovery (# months) details 5 32* 32* 27 70 70 57
Start (yyyy mm) 2023 08 2021 07 2021 07 2018 09 2007 06 2007 06 1972 05
Start to Bottom (# months) 3 28 28 19 21 21 32
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2020 03 2009 02 2009 02 1974 12
Bottom to End (# months) 2 4 4 8 49 49 25
End (yyyy mm) 2023 12 - - 2020 11 2013 03 2013 03 1977 01
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest
-37.38
same as
deepest

same as
deepest
-59.30
Start to Recovery (# months) details 32* 70
Start (yyyy mm) 2023 08 2021 07 2021 07 2021 07 2007 06 2007 06 2007 06
Start to Bottom (# months) 3 28 28 28 21 21 21
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2009 02 2009 02 2009 02
Bottom to End (# months) 2 4 4 4 49 49 49
End (yyyy mm) 2023 12 - - - 2013 03 2013 03 2013 03
Longest negative period (# months) details 11 36* 46 73 91 92 92
Period Start (yyyy mm) 2023 03 2021 03 2020 01 2014 03 2004 03 2004 02 2004 02
Period End (yyyy mm) 2024 01 2024 02 2023 10 2020 03 2011 09 2011 09 2011 09
Annualized Return (%) -1.86 -5.18 -0.65 -1.28 -0.95 -0.79 -0.79
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -19.78 -44.89 -44.89 -44.89 -60.44 -60.44 -69.55
Start to Recovery (# months) details 10 32* 32* 32* 74 74 75
Start (yyyy mm) 2023 03 2021 07 2021 07 2021 07 2007 06 2007 06 1972 03
Start to Bottom (# months) 8 28 28 28 21 21 34
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2009 02 2009 02 1974 12
Bottom to End (# months) 2 4 4 4 53 53 41
End (yyyy mm) 2023 12 - - - 2013 07 2013 07 1978 05
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details
Start (yyyy mm) 2023 03 2021 07 2021 07 2021 07 2007 06 2007 06 1972 03
Start to Bottom (# months) 8 28 28 28 21 21 34
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2009 02 2009 02 1974 12
Bottom to End (# months) 2 4 4 4 53 53 41
End (yyyy mm) 2023 12 - - - 2013 07 2013 07 1978 05
Longest negative period (# months) details 11 36* 57 103 105 106 106
Period Start (yyyy mm) 2023 03 2021 03 2019 03 2015 04 2004 03 2004 02 2004 02
Period End (yyyy mm) 2024 01 2024 02 2023 11 2023 10 2012 11 2012 11 2012 11
Annualized Return (%) -4.68 -10.14 -1.70 -0.04 -0.11 0.00 0.00
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 25.38 21.96 25.83 21.88 21.26 20.38 20.92
Sharpe Ratio -0.02 -0.34 0.14 0.20 0.22 0.41 0.39
Sortino Ratio -0.03 -0.50 0.20 0.27 0.30 0.55 0.52
Ulcer Index 8.92 22.14 18.43 15.52 18.60 16.06 17.10
Ratio: Return / Standard Deviation 0.18 -0.24 0.21 0.25 0.29 0.52 0.58
Ratio: Return / Deepest Drawdown 0.25 -0.14 0.15 0.15 0.10 0.18 0.19
% Positive Months details 50% 50% 56% 55% 58% 62% 61%
Positive Months 6 18 34 66 141 225 387
Negative Months 6 18 26 54 99 135 239
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 5.48 16.03 21.62 30.19
Worst 10 Years Return (%) - Annualized 2.39 2.39 2.39
Best 10 Years Return (%) - Annualized 2.63 14.02 18.68 21.27
Worst 10 Years Return (%) - Annualized 0.63 0.63 0.63
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 121.52 36.64 29.38 21.62 13.44 10.56
Worst Rolling Return (%) - Annualized -47.47 -23.53 -10.81 2.39 5.57
% Positive Periods 71% 88% 84% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 69.36 21.61 13.56 8.27 6.16 10.76
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 0.52 2.88 9.65
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 115.87 33.19 26.13 18.68 10.79 7.84
Worst Rolling Return (%) - Annualized -47.47 -25.16 -13.11 0.63 2.92
% Positive Periods 67% 83% 79% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 69.36 21.61 13.56 8.27 6.16 10.76
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 0.52 2.88 9.65
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 1972 - Feb 2024)
Best Rolling Return (%) - Annualized 121.52 47.88 43.67 30.19 20.22 20.68
Worst Rolling Return (%) - Annualized -47.47 -23.53 -10.81 2.39 5.57 9.88
% Positive Periods 72% 90% 91% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 69.36 17.75 10.98 7.33 5.59 5.09
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 0.52 2.88 4.63
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 115.87 39.15 32.80 21.27 14.00 15.54
Worst Rolling Return (%) - Annualized -47.47 -28.67 -13.11 0.63 2.92 7.17
% Positive Periods 68% 84% 83% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 69.36 17.75 10.98 7.33 5.59 5.09
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 0.52 2.88 4.63
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Correlations as of Feb 29, 2024

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.

Monthly correlations of iShares Micro-Cap (IWC) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

ISHARES MICRO-CAP (IWC) ETF
Monthly correlations as of 29 February 2024
Swipe left to see all data
Correlation vs IWC
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
VTI
US Total Stock Market
0.80
0.84
0.82
0.82
0.82
SPY
US Large Cap
0.74
0.80
0.78
0.77
0.76
IJR
US Small Cap
0.97
0.95
0.96
0.92
0.92
VNQ
US REITs
0.87
0.73
0.64
0.62
0.61
QQQ
US Technology
0.55
0.70
0.66
0.66
0.66
PFF
Preferred Stocks
0.72
0.69
0.61
0.44
0.43
EFA
EAFE Stocks
0.70
0.77
0.70
0.70
0.67
VT
World All Countries
0.79
0.84
0.80
0.77
0.76
EEM
Emerging Markets
0.72
0.72
0.59
0.65
0.62
VGK
Europe
0.67
0.76
0.68
0.69
0.67
VPL
Pacific
0.79
0.79
0.71
0.61
0.57
FLLA
Latin America
0.77
0.71
0.49
0.57
0.56
BND
US Total Bond Market
0.47
0.34
0.21
0.07
0.07
TLT
Long Term Treasuries
0.58
0.02
-0.07
-0.19
-0.18
BIL
US Cash
0.18
-0.13
-0.09
-0.04
-0.04
TIP
TIPS
0.33
0.41
0.29
0.11
0.11
LQD
Invest. Grade Bonds
0.52
0.50
0.40
0.24
0.24
HYG
High Yield Bonds
0.64
0.73
0.69
0.63
0.63
CWB
US Convertible Bonds
0.90
0.87
0.83
0.82
0.82
BNDX
International Bonds
0.45
0.37
0.24
0.11
0.11
EMB
Emerg. Market Bonds
0.77
0.65
0.51
0.47
0.46
GLD
Gold
-0.14
0.02
-0.07
0.03
0.03
DBC
Commodities
-0.06
0.47
0.43
0.33
0.32

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

ISHARES MICRO-CAP (IWC) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1972 - 29 February 2024 (~52 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-59.30% Jun 2007 Feb 2009 21 Mar 2013 49 70 27.36
-37.70% Sep 2018 Mar 2020 19 Nov 2020 8 27 17.33
-37.38% Jul 2021 Oct 2023 28 in progress 4 32 23.44
-29.77% May 1998 Aug 1998 4 Nov 1999 15 19 18.36
-21.08% Jul 2015 Feb 2016 8 Nov 2016 9 17 11.00
-17.41% Jun 2002 Sep 2002 4 Apr 2003 7 11 9.66
-14.70% Jun 1996 Jul 1996 2 Jun 1997 11 13 7.48
-14.07% Jan 2005 Apr 2005 4 Jul 2005 3 7 7.23
-12.16% Apr 2000 May 2000 2 Aug 2000 3 5 7.37
-10.91% Apr 2006 Jul 2006 4 Dec 2006 5 9 6.14
-10.80% Oct 2000 Nov 2000 2 Jan 2001 2 4 7.22
-10.43% Mar 2014 Sep 2014 7 Feb 2015 5 12 5.48
-10.17% Apr 2004 Aug 2004 5 Nov 2004 3 8 5.13
-10.12% Feb 2001 Mar 2001 2 Jul 2001 4 6 5.11
-8.03% Aug 2001 Sep 2001 2 Nov 2001 2 4 3.92
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 91 4.0 Months 25.21%
 
DD = 0% 25.21%
 
0% < DD <= -5% 69 5.2 Months 19.11%
 
DD <= -5% 44.32%
 
-5% < DD <= -10% 54 6.7 Months 14.96%
 
DD <= -10% 59.28%
 
-10% < DD <= -15% 42 8.6 Months 11.63%
 
DD <= -15% 70.91%
 
-15% < DD <= -20% 33 10.9 Months 9.14%
 
DD <= -20% 80.06%
 
-20% < DD <= -25% 28 12.9 Months 7.76%
 
DD <= -25% 87.81%
 
-25% < DD <= -30% 14 25.8 Months 3.88%
 
DD <= -30% 91.69%
 
-30% < DD <= -35% 13 27.8 Months 3.60%
 
DD <= -35% 95.29%
 
-35% < DD <= -40% 7 51.6 Months 1.94%
 
DD <= -40% 97.23%
 
-40% < DD <= -45% 2 180.5 Months 0.55%
 
DD <= -45% 97.78%
 
-45% < DD <= -50% 5 72.2 Months 1.39%
 
DD <= -50% 99.17%
 
-50% < DD <= -55% 1 361.0 Months 0.28%
 
DD <= -55% 99.45%
 
-55% < DD <= -60% 2 180.5 Months 0.55%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-60.44% Jun 2007 Feb 2009 21 Jul 2013 53 74 29.98
-44.89% Jul 2021 Oct 2023 28 in progress 4 32 29.74
-39.27% Sep 2018 Mar 2020 19 Dec 2020 9 28 18.33
-30.29% May 1998 Aug 1998 4 Dec 1999 16 20 19.13
-20.97% Jul 2015 Feb 2016 8 Nov 2016 9 17 11.30
-18.00% Jun 2002 Sep 2002 4 Apr 2003 7 11 10.48
-15.03% Jun 1996 Jul 1996 2 Jun 1997 11 13 8.42
-14.96% Jan 2005 Apr 2005 4 Jul 2005 3 7 7.79
-12.31% Apr 2006 Jul 2006 4 May 2007 10 14 5.85
-12.27% Apr 2000 May 2000 2 Sep 2000 4 6 7.08
-11.17% Apr 2004 Aug 2004 5 Nov 2004 3 8 5.90
-11.15% Mar 2014 Sep 2014 7 Feb 2015 5 12 5.93
-11.11% Oct 2000 Nov 2000 2 Jan 2001 2 4 7.49
-10.38% Feb 2001 Mar 2001 2 Nov 2001 8 10 5.22
-7.31% Oct 1997 Dec 1997 3 Feb 1998 2 5 4.70
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 76 4.8 Months 21.05%
 
DD = 0% 21.05%
 
0% < DD <= -5% 71 5.1 Months 19.67%
 
DD <= -5% 40.72%
 
-5% < DD <= -10% 55 6.6 Months 15.24%
 
DD <= -10% 55.96%
 
-10% < DD <= -15% 34 10.6 Months 9.42%
 
DD <= -15% 65.37%
 
-15% < DD <= -20% 26 13.9 Months 7.20%
 
DD <= -20% 72.58%
 
-20% < DD <= -25% 33 10.9 Months 9.14%
 
DD <= -25% 81.72%
 
-25% < DD <= -30% 14 25.8 Months 3.88%
 
DD <= -30% 85.60%
 
-30% < DD <= -35% 22 16.4 Months 6.09%
 
DD <= -35% 91.69%
 
-35% < DD <= -40% 14 25.8 Months 3.88%
 
DD <= -40% 95.57%
 
-40% < DD <= -45% 8 45.1 Months 2.22%
 
DD <= -45% 97.78%
 
-45% < DD <= -50% 3 120.3 Months 0.83%
 
DD <= -50% 98.61%
 
-50% < DD <= -55% 3 120.3 Months 0.83%
 
DD <= -55% 99.45%
 
-55% < DD <= -60% 1 361.0 Months 0.28%
 
DD <= -60% 99.72%
 
-60% < DD <= -65% 1 361.0 Months 0.28%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-61.91% May 1972 Dec 1974 32 Jan 1977 25 57 34.47
-59.30% Jun 2007 Feb 2009 21 Mar 2013 49 70 27.36
-37.70% Sep 2018 Mar 2020 19 Nov 2020 8 27 17.33
-37.38% Jul 2021 Oct 2023 28 in progress 4 32 23.44
-32.55% Sep 1987 Nov 1987 3 May 1989 18 21 16.30
-32.11% Oct 1989 Oct 1990 13 Oct 1991 12 25 14.81
-29.77% May 1998 Aug 1998 4 Nov 1999 15 19 18.36
-22.51% Jun 1981 Jun 1982 13 Nov 1982 5 18 16.45
-22.48% Oct 1978 Oct 1978 1 Apr 1979 6 7 12.53
-21.08% Jul 2015 Feb 2016 8 Nov 2016 9 17 11.00
-19.53% Feb 1980 Mar 1980 2 Jul 1980 4 6 10.22
-17.41% Jun 2002 Sep 2002 4 Apr 2003 7 11 9.66
-15.12% Jul 1983 Jul 1984 13 Feb 1985 7 20 7.92
-14.70% Jun 1996 Jul 1996 2 Jun 1997 11 13 7.48
-14.07% Jan 2005 Apr 2005 4 Jul 2005 3 7 7.23
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 168 3.7 Months 26.79%
 
DD = 0% 26.79%
 
0% < DD <= -5% 115 5.5 Months 18.34%
 
DD <= -5% 45.14%
 
-5% < DD <= -10% 89 7.0 Months 14.19%
 
DD <= -10% 59.33%
 
-10% < DD <= -15% 77 8.1 Months 12.28%
 
DD <= -15% 71.61%
 
-15% < DD <= -20% 53 11.8 Months 8.45%
 
DD <= -20% 80.06%
 
-20% < DD <= -25% 38 16.5 Months 6.06%
 
DD <= -25% 86.12%
 
-25% < DD <= -30% 22 28.5 Months 3.51%
 
DD <= -30% 89.63%
 
-30% < DD <= -35% 21 29.9 Months 3.35%
 
DD <= -35% 92.98%
 
-35% < DD <= -40% 14 44.8 Months 2.23%
 
DD <= -40% 95.22%
 
-40% < DD <= -45% 10 62.7 Months 1.59%
 
DD <= -45% 96.81%
 
-45% < DD <= -50% 10 62.7 Months 1.59%
 
DD <= -50% 98.41%
 
-50% < DD <= -55% 3 209.0 Months 0.48%
 
DD <= -55% 98.88%
 
-55% < DD <= -60% 6 104.5 Months 0.96%
 
DD <= -60% 99.84%
 
-60% < DD <= -65% 1 627.0 Months 0.16%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-69.55% Mar 1972 Dec 1974 34 May 1978 41 75 39.87
-60.44% Jun 2007 Feb 2009 21 Jul 2013 53 74 29.98
-44.89% Jul 2021 Oct 2023 28 in progress 4 32 29.74
-39.46% Sep 1987 Oct 1990 38 Jan 1992 15 53 19.48
-39.27% Sep 2018 Mar 2020 19 Dec 2020 9 28 18.33
-30.29% May 1998 Aug 1998 4 Dec 1999 16 20 19.13
-28.71% Jun 1981 Jul 1982 14 Jan 1983 6 20 19.59
-23.83% Sep 1978 Oct 1978 2 Aug 1979 10 12 11.57
-21.64% Feb 1980 Mar 1980 2 Aug 1980 5 7 11.75
-20.97% Jul 2015 Feb 2016 8 Nov 2016 9 17 11.30
-18.95% Jul 1983 Jul 1984 13 Dec 1985 17 30 9.76
-18.00% Jun 2002 Sep 2002 4 Apr 2003 7 11 10.48
-15.03% Jun 1996 Jul 1996 2 Jun 1997 11 13 8.42
-14.96% Jan 2005 Apr 2005 4 Jul 2005 3 7 7.79
-12.88% Sep 1979 Oct 1979 2 Jan 1980 3 5 6.12
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 115 5.5 Months 18.34%
 
DD = 0% 18.34%
 
0% < DD <= -5% 109 5.8 Months 17.38%
 
DD <= -5% 35.73%
 
-5% < DD <= -10% 89 7.0 Months 14.19%
 
DD <= -10% 49.92%
 
-10% < DD <= -15% 69 9.1 Months 11.00%
 
DD <= -15% 60.93%
 
-15% < DD <= -20% 60 10.5 Months 9.57%
 
DD <= -20% 70.49%
 
-20% < DD <= -25% 51 12.3 Months 8.13%
 
DD <= -25% 78.63%
 
-25% < DD <= -30% 29 21.6 Months 4.63%
 
DD <= -30% 83.25%
 
-30% < DD <= -35% 30 20.9 Months 4.78%
 
DD <= -35% 88.04%
 
-35% < DD <= -40% 29 21.6 Months 4.63%
 
DD <= -40% 92.66%
 
-40% < DD <= -45% 11 57.0 Months 1.75%
 
DD <= -45% 94.42%
 
-45% < DD <= -50% 9 69.7 Months 1.44%
 
DD <= -50% 95.85%
 
-50% < DD <= -55% 13 48.2 Months 2.07%
 
DD <= -55% 97.93%
 
-55% < DD <= -60% 6 104.5 Months 0.96%
 
DD <= -60% 98.88%
 
-60% < DD <= -65% 4 156.8 Months 0.64%
 
DD <= -65% 99.52%
 
-65% < DD <= -70% 3 209.0 Months 0.48%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 

Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

ISHARES MICRO-CAP (IWC) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1972 - 29 February 2024 (~52 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -47.47 03/2008
02/2009
0.52$ -10.92 0.89$ 12.79 1.12$ 33.26 1.33$ 121.52 04/2020
03/2021
2.21$ 4.65 28.08%
2Y -34.68 03/2007
02/2009
0.42$ -4.59 0.91$ 12.74 1.27$ 25.78 1.58$ 46.85 03/2009
02/2011
2.15$ -2.28 19.88%
3Y -23.53 03/2006
02/2009
0.44$ 1.88 1.05$ 11.74 1.39$ 22.14 1.82$ 36.64 04/2003
03/2006
2.55$ -5.18 12.00%
5Y -10.81 03/2004
02/2009
0.56$ -0.17 0.99$ 12.40 1.79$ 20.86 2.57$ 29.38 04/1999
03/2004
3.62$ 5.53 15.95%
7Y -0.60 01/2005
12/2011
0.95$ 3.92 1.30$ 10.80 2.04$ 18.03 3.19$ 24.79 04/1999
03/2006
4.71$ 6.05 1.08%
10Y 2.39 03/2006
02/2016
1.26$ 5.92 1.77$ 9.66 2.51$ 17.87 5.17$ 21.62 01/1995
12/2004
7.07$ 5.48 0.00%
15Y 3.83 04/2005
03/2020
1.75$ 6.12 2.43$ 10.07 4.21$ 11.98 5.46$ 13.63 04/1999
03/2014
6.79$ 12.41 0.00%
20Y 5.57 11/2003
10/2023
2.95$ 9.00 5.60$ 10.87 7.87$ 12.37 10.29$ 13.44 07/1994
06/2014
12.44$ 6.10 0.00%
30Y 10.56 03/1994
02/2024
20.33$ 10.56 20.33$ 10.56 20.33$ 10.56 20.33$ 10.56 03/1994
02/2024
20.33$ 10.56 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -47.47 03/2008
02/2009
0.52$ -13.20 0.86$ 10.11 1.10$ 30.48 1.30$ 115.87 04/2020
03/2021
2.15$ 1.89 32.09%
2Y -35.99 03/2007
02/2009
0.40$ -6.26 0.87$ 9.15 1.19$ 22.60 1.50$ 43.78 03/2009
02/2011
2.06$ -6.33 22.85%
3Y -25.16 03/2006
02/2009
0.41$ -1.03 0.96$ 9.00 1.29$ 19.73 1.71$ 33.19 04/2001
03/2004
2.36$ -10.14 16.62%
5Y -13.11 03/2004
02/2009
0.49$ -2.82 0.86$ 10.32 1.63$ 17.92 2.27$ 26.13 04/1999
03/2004
3.19$ 1.37 20.93%
7Y -2.98 01/2005
12/2011
0.80$ 1.36 1.09$ 9.03 1.83$ 15.01 2.66$ 21.41 04/1999
03/2006
3.88$ 2.50 8.30%
10Y 0.63 03/2006
02/2016
1.06$ 3.72 1.44$ 7.37 2.03$ 14.84 3.99$ 18.68 01/1995
12/2004
5.54$ 2.63 0.00%
15Y 1.84 04/2005
03/2020
1.31$ 3.92 1.78$ 7.64 3.01$ 9.32 3.80$ 10.94 04/1999
03/2014
4.74$ 9.63 0.00%
20Y 2.92 11/2003
10/2023
1.77$ 6.45 3.49$ 8.52 5.13$ 9.96 6.67$ 10.79 07/1994
06/2014
7.76$ 3.44 0.00%
30Y 7.84 03/1994
02/2024
9.63$ 7.84 9.63$ 7.84 9.63$ 7.84 9.63$ 7.84 03/1994
02/2024
9.63$ 7.84 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -47.47 03/2008
02/2009
0.52$ -11.48 0.88$ 14.37 1.14$ 36.37 1.36$ 121.52 04/2020
03/2021
2.21$ 4.65 27.80%
2Y -34.68 03/2007
02/2009
0.42$ -1.57 0.96$ 14.79 1.31$ 30.04 1.69$ 58.15 01/1975
12/1976
2.50$ -2.28 17.41%
3Y -23.53 03/2006
02/2009
0.44$ 4.03 1.12$ 13.41 1.45$ 27.28 2.06$ 47.88 01/1975
12/1977
3.23$ -5.18 9.98%
5Y -10.81 03/2004
02/2009
0.56$ 3.52 1.18$ 13.82 1.91$ 23.98 2.92$ 43.67 01/1975
12/1979
6.12$ 5.53 8.47%
7Y -0.60 01/2005
12/2011
0.95$ 5.97 1.50$ 13.47 2.42$ 21.88 3.99$ 35.46 01/1975
12/1981
8.37$ 6.05 0.55%
10Y 2.39 03/2006
02/2016
1.26$ 8.09 2.17$ 12.27 3.18$ 19.39 5.88$ 30.19 01/1975
12/1984
13.98$ 5.48 0.00%
15Y 3.83 04/2005
03/2020
1.75$ 9.29 3.78$ 12.91 6.17$ 17.61 11.39$ 23.21 10/1974
09/1989
22.88$ 12.41 0.00%
20Y 5.57 11/2003
10/2023
2.95$ 10.73 7.67$ 13.30 12.14$ 16.54 21.33$ 20.22 01/1975
12/1994
39.73$ 6.10 0.00%
30Y 9.88 11/1993
10/2023
16.87$ 11.39 25.41$ 12.53 34.49$ 17.54 127.59$ 20.68 01/1975
12/2004
281.25$ 10.56 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -47.47 03/2008
02/2009
0.52$ -14.66 0.85$ 10.44 1.10$ 31.15 1.31$ 115.87 04/2020
03/2021
2.15$ 1.89 31.71%
2Y -39.05 01/1973
12/1974
0.37$ -4.72 0.90$ 11.10 1.23$ 24.43 1.54$ 49.09 01/1975
12/1976
2.22$ -6.33 24.71%
3Y -28.67 01/1972
12/1974
0.36$ -0.08 0.99$ 10.03 1.33$ 21.54 1.79$ 39.15 01/1975
12/1977
2.69$ -10.14 15.40%
5Y -13.11 03/2004
02/2009
0.49$ -0.75 0.96$ 10.88 1.67$ 18.77 2.36$ 32.80 01/1975
12/1979
4.13$ 1.37 16.23%
7Y -2.98 01/2005
12/2011
0.80$ 2.69 1.20$ 10.30 1.98$ 16.25 2.86$ 24.42 01/1975
12/1981
4.61$ 2.50 5.34%
10Y 0.63 03/2006
02/2016
1.06$ 4.59 1.56$ 8.86 2.33$ 15.58 4.25$ 21.27 01/1975
12/1984
6.87$ 2.63 0.00%
15Y 1.84 04/2005
03/2020
1.31$ 6.81 2.68$ 9.16 3.72$ 12.43 5.79$ 17.49 12/1990
11/2005
11.21$ 9.63 0.00%
20Y 2.92 11/2003
10/2023
1.77$ 7.82 4.50$ 10.02 6.75$ 11.86 9.40$ 14.00 01/1975
12/1994
13.74$ 3.44 0.00%
30Y 7.17 11/1993
10/2023
7.98$ 8.50 11.57$ 9.20 14.02$ 12.78 36.87$ 15.54 01/1975
12/2004
76.14$ 7.84 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the iShares Micro-Cap (IWC) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in iShares Micro-Cap (IWC) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.99
40%
0.79
60%
-6.36
40%
0.84
40%
0.59
60%
2.17
80%
2.05
60%
-0.62
60%
-3.98
20%
1.74
80%
5.77
60%
4.77
80%
Best 14.0
2021
6.5
2024
2.4
2021
15.4
2020
6.9
2020
6.6
2023
10.1
2022
6.0
2020
2.4
2019
9.5
2022
20.5
2020
14.3
2023
Worst -10.0
2022
-6.9
2020
-23.8
2020
-10.4
2022
-6.8
2019
-9.6
2022
-5.8
2021
-6.6
2023
-9.5
2022
-7.1
2023
-5.2
2021
-3.9
2022
Monthly Seasonality over the period Feb 1972 - Feb 2024
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.11
40%
1.12
60%
-2.12
60%
0.16
50%
1.20
60%
2.41
80%
0.44
40%
0.24
60%
-2.34
30%
0.37
60%
4.57
60%
1.60
60%
Best 14.0
2021
6.5
2024
7.0
2016
15.4
2020
7.3
2018
6.6
2023
10.1
2022
6.0
2020
8.3
2017
9.5
2022
20.5
2020
14.3
2023
Worst -10.3
2016
-6.9
2020
-23.8
2020
-10.4
2022
-6.8
2019
-9.6
2022
-6.7
2014
-6.6
2023
-9.5
2022
-11.1
2018
-5.2
2021
-12.2
2018
Monthly Seasonality over the period Feb 1972 - Feb 2024
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
3.80
68%
1.27
62%
1.15
69%
1.13
60%
1.43
62%
0.89
60%
0.79
53%
0.11
58%
-0.25
61%
-0.58
56%
2.07
63%
1.80
69%
Best 29.0
1975
13.0
1976
11.2
2002
16.3
2009
13.7
2003
8.3
1975
14.2
1973
10.8
1978
12.0
2010
13.7
2011
20.5
2020
14.3
2023
Worst -11.1
2009
-13.5
2009
-23.8
2020
-10.4
2022
-9.4
1973
-9.6
2022
-10.1
2002
-19.9
1998
-11.2
2011
-29.2
1987
-20.8
1973
-12.2
2018
Monthly Seasonality over the period Feb 1972 - Feb 2024

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the iShares Micro-Cap (IWC) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

ISHARES MICRO-CAP (IWC) ETF
Monthly Returns Distribution
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1972 - 29 February 2024 (~52 years)
225 Positive Months (63%) - 135 Negative Months (38%)
387 Positive Months (62%) - 239 Negative Months (38%)
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(Scroll down to see all data)
Investment Returns, up to December 2005, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

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