iShares Micro-Cap ETF
$188.12−4.64 (−2.41%)
- Expense ratio
- 0.60%
- Fund size
- $1.4B
- 1Y return
- +28.8%
- Yield · Last 12 months
- 1.01%
- Holdings
- 1372
- Volume · 30D
- 0.1M sh
- NAV per share
- $190.31
- 52W range
The ETF.net IWC Grade
Score 43 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 9Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 86Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 30Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 44Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 50Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 65Category rank
Our read on IWC
CMost small-cap funds stop short of here. Since 2005, IWC has tracked the Russell Microcap Index, buying the smallest sliver of the US market in one ticket instead of one lottery-ticket stock at a time.
The fund aims to follow the results of an index made up of U.S. micro-cap equities, using the Russell Microcap Index as its underlying index.
Why people hold it
- Running since 2005 as a dedicated micro-cap index fund, not a small-cap fund that occasionally wanders down there.
- Rules, not hunches. It follows the Russell Microcap Index and has stayed tight to that mandate rather than drifting up-cap.
- A multibillion-dollar iShares fund with quarterly distributions and the standard big-shop ETF plumbing behind it.
- One ticket spreads the money across the index's whole micro-cap roster, diluting the single-name risk of picking tiny companies yourself.
Worth knowing
- The reach has a price: 0.60% a year, against 0.03% at VB and SCHA and 0.19% at IWM for broad small-cap exposure.
- Micro-caps trade thin and swing hard, and the fund itself is only moderately traded, so spreads can widen in rough markets. Limit orders earn their keep.
- Cash comes quarterly, but this is a growth-and-volatility corner of the market, not an income sleeve.
IWC Holdings
- Stocks
- 1,372
- 5%
- CDNA
Sectors
- Health Care27.2%
- Financials24.2%
- Technology11.8%
- Industrials11.6%
- Consumer Discr.7.9%
- Materials4.2%
- Real Estate3.9%
- Energy3.1%
- Communication2.9%
- Cons. Staples2.3%
- Utilities0.9%
Geography
- United States97.40%
- Bermuda0.91%
- Israel0.42%
- United Kingdom0.26%
- Cayman Islands0.20%
- Canada0.19%
- Puerto Rico0.18%
- Monaco0.17%
- 0.27%
IWC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | IWC |
|---|---|
| Year to date | +23.0% |
| 1 month | −2.5% |
| 3 months | −0.3% |
| 1 year | +28.8% |
| 3 years | +25.9% |
| 5 years | +7.3% |
| 10 years | +10.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IWC |
|---|---|---|
| 2026 YTD | +23.0% | |
| 2025 | +22.4% | |
| 2024 | +13.6% | |
| 2023 | +9.0% | |
| 2022 | −21.9% | |
| 2021 | +18.7% | |
| 2020 | +20.9% |
IWC in the news
ETF.net Research hasn’t filed on IWC yet — coverage lands here as it’s written.
IWC Dividends
- 1.01%
- $1.94
- $0.45 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 15, 2026 | Sep 18, 2026 | $0.45 |
| Jun 15, 2026 | Jun 18, 2026 | $0.51 |
| Mar 17, 2026 | Mar 20, 2026 | $0.25 |
| Dec 16, 2025 | Dec 19, 2025 | $0.73 |
| Sep 16, 2025 | Sep 19, 2025 | $0.40 |
| Jun 16, 2025 | Jun 20, 2025 | $0.32 |
| Mar 18, 2025 | Mar 21, 2025 | $0.28 |
| Dec 17, 2024 | Dec 20, 2024 | $0.38 |
| Sep 25, 2024 | Sep 30, 2024 | $0.42 |
| Jun 11, 2024 | Jun 17, 2024 | $0.33 |
| Mar 21, 2024 | Mar 27, 2024 | $0.25 |
| Dec 20, 2023 | Dec 27, 2023 | $0.39 |
IWC Risk
- 22.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.84
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −40.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.36
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IWC Cost
- The middle half of US Small-Cap funds
- Median 0.20%
14 of the 17 US Small-Cap funds charge less.