iShares Russell Top 200 ETF (IWL) Performance
IWL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.2% since Dec 31, 2025
- 1 year
- +13.5% total return
- 5 years
- +13.0% a year
- 10 years
- +16.2% a year
- Since first price
- +14.6% a year since 2009
IWL trailing returns vs SPY, QQQ, AGG
| Period | IWL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.4% | −1.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.6% | +3.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.9% | +7.4% | +7.8% | +8.4% | −1.5% |
| YTD | +11.2% | +10.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.5% | +12.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +90.2%+23.9%/yr | +84.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +84.0%+13.0%/yr | +73.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +347.4%+16.2%/yr | +286.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +759.6%+15.4%/yr | +560.1% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionSep 28, 2009 | +918.3%+14.6%/yr | +653.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IWL vs SPY
From Sep 28, 2009: IWL grew to $101,826, SPY to $96,534.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IWL returns by calendar year
14 of 16 full years positive. Best 2013 (+31.8%), worst 2022 (−19.9%). 2026 is year to date.
IWL annual returns table
| Year | IWL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.2% | −9.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +19.1% | −19.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +27.1% | −9.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +29.8% | −9.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −19.9% | −25.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +27.8% | −5.4% | +28.7% | +27.4% | −1.8% |
| 2020 | +22.1% | −32.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +31.4% | −7.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −3.3% | −19.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +22.9% | −2.5% | +21.7% | +32.7% | +3.6% |
| 2016 | +10.6% | −8.6% | +12.0% | +7.1% | +2.4% |
| 2015 | +1.7% | −11.9% | +1.2% | +9.4% | +0.5% |
| 2014 | +14.4% | −7.4% | +13.5% | +19.2% | +6.0% |
| 2013 | +31.8% | −5.2% | +32.3% | +36.6% | −2.0% |
| 2012 | +15.5% | −9.4% | +16.0% | +18.1% | +3.8% |
| 2011 | +3.0% | −17.8% | +1.9% | +3.4% | +7.7% |
| 2010 | +11.3% | −15.4% | +15.1% | +19.9% | +6.4% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IWL largest drawdowns
Now 3.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −32.7% | Mar 23, 2020 | Aug 3, 2020 | 33 days | 5 months |
| Jan 3, 2022 | −25.6% | Oct 12, 2022 | Dec 11, 2023 | 9 months | 1.9 years |
| Oct 2, 2018 | −19.3% | Dec 24, 2018 | Apr 22, 2019 | 3 months | 7 months |
| Feb 19, 2025 | −19.2% | Apr 8, 2025 | Jun 26, 2025 | 48 days | 4 months |
| May 2, 2011 | −17.8% | Oct 3, 2011 | Feb 3, 2012 | 5 months | 9 months |
| Apr 15, 2010 | −15.4% | Jul 2, 2010 | Nov 5, 2010 | 3 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IWL risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2009 |
|---|---|---|---|---|
| Annualized return | +23.8% | +14.4% | +16.1% | +14.8% |
| Volatility (annualized) | 12.9% | 15.9% | 15.4% | 14.2% |
| Sharpe ratio | 1.40 | 0.71 | 0.90 | 0.95 |
| Sortino ratio | 2.96 | 1.14 | 1.45 | 1.57 |
| Best month | +11.0% | +11.0% | +12.9% | +12.9% |
| Worst month | −6.1% | −9.4% | −11.1% | −11.1% |
| Best 12 months | +38.6% | +38.6% | +56.2% | +56.2% |
| Worst 12 months | +9.3% | −19.9% | −19.9% | −19.9% |
| Positive months | 67% | 60% | 69% | 68% |
| Beta vs S&P 500 | 1.03 | 1.01 | 1.00 | — |
| Correlation with S&P 500 | 0.99 | 1.00 | 1.00 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IWL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 194 | −19.9% | +16.5% | +56.2% | 91% |
| 3-year (a year) | 170 | +6.5% | +13.9% | +27.0% | 100% |
| 5-year (a year) | 146 | +7.7% | +14.3% | +20.0% | 100% |
| 10-year (a year) | 86 | +10.8% | +13.9% | +16.9% | 100% |
Every holding period starting at a month-end since 2009. Returns for 3 years and longer are annualized.
IWL performance overview
iShares Russell Top 200 ETF (IWL) returned +13.5% over the past year and +16.2% a year over ten years, with distributions reinvested. Since its first recorded price in 2009 it has returned +14.6% a year, turning $10,000 into about $101,826. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −32.7%, from Feb 19, 2020 to Mar 23, 2020, and it took 4 months to get back to the old high. IWL finished 14 of its 16 full calendar years with a gain; the best year was 2013 (+31.8%) and the worst 2022 (−19.9%). Volatility has been 14.2% a year.
Related: IWL chart, IWL holdings, IWL dividends, IWL valuation. See the IWL overview for the latest quote and fund facts.
IWL performance FAQ
What is the IWL return over the past year?
IWL returned +13.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.5%.
What is the average annual return of IWL?
IWL has returned +13.0% a year over 5 years, +16.2% a year over 10 years, +14.6% a year since September 28, 2009 (total return, distributions reinvested).
How much would $10,000 invested in IWL be worth?
$10,000 invested in IWL at its first recorded close on September 28, 2009 would be worth about $101,826 on October 23, 2026 with distributions reinvested.
What was the worst year for IWL?
The worst calendar year was 2022, with a total return of −19.9%. The best was 2013 at +31.8%.
What is the biggest drawdown of IWL?
The largest peak-to-trough decline was −32.7% between February 19, 2020 and March 23, 2020. It recovered to the old high on August 3, 2020, 4 months after the bottom.
How volatile is IWL?
Over the past 3 years IWL had an annualized volatility of 12.9% and a Sharpe ratio of 1.40 (excess return over 1–3 month T-bills per unit of risk).