iShares Russell 2000 Value ETF (IWN) Performance
IWN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +18.8% since Dec 31, 2025
- 1 year
- +20.7% total return
- 5 years
- +7.0% a year
- 10 years
- +9.6% a year
- Since first price
- +9.3% a year since 2000
IWN trailing returns vs SPY, QQQ, AGG
| Period | IWN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.2% | −0.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.0% | −3.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.9% | +3.1% | +7.8% | +8.4% | −1.5% |
| YTD | +18.8% | +17.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +20.7% | +18.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +76.4%+20.8%/yr | +67.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +40.1%+7.0%/yr | +27.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +149.5%+9.6%/yr | +106.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +352.3%+10.6%/yr | +237.6% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +306.2%+7.3%/yr | +175.2% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJul 28, 2000 | +925.2%+9.3%/yr | +523.8% | — | — | — |
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: IWN vs SPY
From Jul 28, 2000: IWN grew to $102,515, SPY to $85,152.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IWN returns by calendar year
18 of 25 full years positive. Best 2003 (+46.4%), worst 2008 (−28.8%). 2026 is year to date.
IWN annual returns table
| Year | IWN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +18.8% | −8.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +12.4% | −21.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +7.6% | −9.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +14.6% | −18.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −14.8% | −22.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +28.0% | −11.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +4.7% | −44.6% | +18.3% | +48.6% | +7.5% |
| 2019 | +22.0% | −11.6% | +31.2% | +39.0% | +8.5% |
| 2018 | −13.0% | −24.9% | −4.6% | −0.1% | +0.1% |
| 2017 | +7.7% | −6.7% | +21.7% | +32.7% | +3.6% |
| 2016 | +32.0% | −11.4% | +12.0% | +7.1% | +2.4% |
| 2015 | −7.7% | −15.1% | +1.2% | +9.4% | +0.5% |
| 2014 | +4.1% | −12.4% | +13.5% | +19.2% | +6.0% |
| 2013 | +34.4% | −6.0% | +32.3% | +36.6% | −2.0% |
| 2012 | +18.1% | −11.8% | +16.0% | +18.1% | +3.8% |
| 2011 | −5.8% | −28.6% | +1.9% | +3.4% | +7.7% |
| 2010 | +24.7% | −22.0% | +15.1% | +19.9% | +6.4% |
| 2009 | +20.5% | −36.9% | +26.4% | +54.7% | +3.0% |
| 2008 | −28.8% | −48.7% | −36.8% | −41.7% | +7.9% |
| 2007 | −10.3% | −18.8% | +5.1% | +19.0% | +6.6% |
| 2006 | +23.5% | −12.0% | +15.8% | +7.1% | +3.9% |
| 2005 | +4.4% | −10.2% | +4.8% | +1.6% | +2.3% |
| 2004 | +22.1% | −11.4% | +10.7% | +10.5% | +3.8% |
| 2003 | +46.4% | −12.5% | +28.2% | +49.7% | — |
| 2002 | −11.4% | −34.1% | −21.6% | −37.4% | — |
| 2001 | +12.9% | −19.4% | −11.8% | −33.3% | — |
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.
IWN largest drawdowns
Now 6.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 4, 2007 | −61.5% | Mar 9, 2009 | Jan 2, 2013 | 1.8 years | 5.6 years |
| Aug 22, 2018 | −46.1% | Mar 23, 2020 | Dec 15, 2020 | 1.6 years | 2.3 years |
| May 2, 2002 | −34.1% | Oct 9, 2002 | Sep 4, 2003 | 5 months | 1.3 years |
| Nov 25, 2024 | −26.7% | Apr 8, 2025 | Sep 18, 2025 | 4 months | 10 months |
| Nov 8, 2021 | −26.0% | Oct 27, 2023 | Jul 16, 2024 | 2.0 years | 2.7 years |
| Jun 23, 2015 | −22.5% | Feb 11, 2016 | Aug 5, 2016 | 8 months | 1.1 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IWN risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2000 |
|---|---|---|---|---|
| Annualized return | +17.6% | +7.5% | +9.2% | +9.2% |
| Volatility (annualized) | 18.9% | 20.6% | 21.4% | 19.6% |
| Sharpe ratio | 0.73 | 0.28 | 0.41 | — |
| Sortino ratio | 1.31 | 0.44 | 0.62 | — |
| Best month | +12.4% | +12.7% | +19.1% | +19.1% |
| Worst month | −8.5% | −10.3% | −25.1% | −25.1% |
| Best 12 months | +46.0% | +46.0% | +97.9% | +97.9% |
| Worst 12 months | −4.6% | −18.0% | −30.1% | −43.2% |
| Positive months | 64% | 57% | 62% | 63% |
| Beta vs S&P 500 | 1.07 | 1.04 | 1.14 | — |
| Correlation with S&P 500 | 0.70 | 0.79 | 0.81 | — |
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.
IWN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 304 | −43.2% | +10.1% | +97.9% | 70% |
| 3-year (a year) | 280 | −18.5% | +10.5% | +30.6% | 85% |
| 5-year (a year) | 256 | −6.7% | +8.4% | +24.9% | 91% |
| 10-year (a year) | 196 | +4.0% | +8.1% | +15.3% | 100% |
Every holding period starting at a month-end since 2000. Returns for 3 years and longer are annualized.
IWN performance overview
iShares Russell 2000 Value ETF (IWN) returned +20.7% over the past year and +9.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2000 it has returned +9.3% a year, turning $10,000 into about $102,515. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −61.5%, from Jun 4, 2007 to Mar 9, 2009, and it took 3.8 years to get back to the old high. IWN finished 18 of its 25 full calendar years with a gain; the best year was 2003 (+46.4%) and the worst 2008 (−28.8%). Volatility has been 19.6% a year.
Related: IWN chart, IWN dividends. See the IWN overview for the latest quote and fund facts.
IWN performance FAQ
What is the IWN return over the past year?
IWN returned +20.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 18.8%.
What is the average annual return of IWN?
IWN has returned +7.0% a year over 5 years, +9.6% a year over 10 years, +9.3% a year since July 28, 2000 (total return, distributions reinvested).
How much would $10,000 invested in IWN be worth?
$10,000 invested in IWN at its first recorded close on July 28, 2000 would be worth about $102,515 on October 23, 2026 with distributions reinvested.
What was the worst year for IWN?
The worst calendar year was 2008, with a total return of −28.8%. The best was 2003 at +46.4%.
What is the biggest drawdown of IWN?
The largest peak-to-trough decline was −61.5% between June 4, 2007 and March 9, 2009. It recovered to the old high on January 2, 2013, 3.8 years after the bottom.
How volatile is IWN?
Over the past 3 years IWN had an annualized volatility of 18.9% and a Sharpe ratio of 0.73 (excess return over 1–3 month T-bills per unit of risk).