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ITWO vs IWL

ProShares Russell 2000 High Income ETF vs iShares Russell Top 200 ETF

ITWO

ProShares Russell 2000 High Income ETF

Annual cost

0.55%

Fund size

$188M

IWL

iShares Russell Top 200 ETF

Annual cost

0.15%

Fund size

$2.2B

Key differences

ITWO is an alternative ETF, while IWL is an equity ETF. ITWO charges 0.55% a year and IWL 0.15%.

  • ITWO is an alternative fund, while IWL is an equity fund. They carry different risk/return profiles.
  • ITWO follows a option income strategy; IWL uses index tracking.
  • IWL costs 0.40% less per year.
  • IWL is much larger than ITWO. Larger funds are usually more liquid and less likely to close.
  • IWL has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

ITWOIWL
Annual cost (TER)0.55%0.15%
Fund size (AUM)$188M$2.2B
Since20242009
Dividend yield7.82%0.82%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeindex tracking
CAGR 1Y+36.2%+25.4%
CAGR 3YN/A+23.4%
CAGR 5YN/A+14.2%
Sharpe 3YN/A1.22
Volatility 1Y18.99%12.52%
Max drawdown-24.77%-32.71%

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