iShares Micro-Cap ETF
$179.60−2.06 (−1.13%)
- 0.60%
- $1.3B
- +22.8%
- 1.07%
- 0.1M sh
- $182.97
- low $143.74high $203.28
The ETF.net IWC Grade
C
Score 41 out of 100
- 14 of 17
Score 41 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F9 out of 100Rank 15 of 17Mission
Whether the fund did what it promised, tested against its stated mandate.A86 out of 100Rank 11 of 16Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F22 out of 100Rank 17 of 17Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C44 out of 100Rank 10 of 17Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C46 out of 100Rank 12 of 17Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B65 out of 100Rank 7 of 17
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
- 1,369
- 6%
- PENG
Sectors
- Health Care26.8%
- Financials24.5%
- Technology12.9%
- Industrials11.5%
- Consumer Discretionary7.8%
- Materials4.0%
- Real Estate3.6%
- Energy3.1%
- Communication2.7%
- Consumer Staples2.1%
- Utilities0.9%
Geography
- United States97.45%
- Bermuda0.89%
- Israel0.34%
- United Kingdom0.27%
- Cayman Islands0.20%
- Puerto Rico0.20%
- Canada0.19%
- Monaco0.15%
- 0.30%
IWC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
IWC$12,283
Returns run to the Oct 12, 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 | +16.0% |
| 1 month | −4.6% |
| 3 months | −6.8% |
| 1 year | +22.8% |
| 3 years | +25.0% |
| 5 years | +5.7% |
| 10 years | +10.2% |
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 | +16.0% | |
| 2025 | +22.4% | |
| 2024 | +13.6% | |
| 2023 | +9.0% | |
| 2022 | −21.9% | |
| 2021 | +18.7% | |
| 2020 | +20.9% |
IWC in the news
IWC Dividends
- 1.07%
- $1.94
- $0.45 per share
- Twice a year
Distribution history
IWC Risk
- 22.0%
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.
- 0.89
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
0.60%
IWC0.60%
- The middle half of US Small-Cap funds
- Median 0.22%
13 of the 16 US Small-Cap funds charge less.
Other funds in US Small-Cap
- CEBITHarbor AlphaEdge Small Cap Earners ETF (EBIT)Expense ratio 0.29%1 year return +20.9%
- CEESWisdomTree U.S. SmallCap FundExpense ratio 0.38%1 year return +24.5%
- CFDMFirst Trust Dow Jones Select MicroCap Index FundExpense ratio 0.65%1 year return +25.1%
- DQQQSInvesco NASDAQ Future Gen 200 ETFExpense ratio 0.20%1 year return +28.0%
- DTSCVThrivent ETF Trust - Small Cap Value ETFExpense ratio 0.60%1 year return —