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IWB vs HECO

iShares Russell 1000 ETF vs State Street Galaxy Hedged Digital Asset Ecosystem ETF

IWB

iShares Russell 1000 ETF

Annual cost

0.15%

Fund size

$48.9B

HECO

State Street Galaxy Hedged Digital Asset Ecosystem ETF

Annual cost

0.90%

Fund size

$116M

Key differences

IWB is an equity ETF, while HECO is an alternative ETF. IWB charges 0.15% a year and HECO 0.90%.

  • IWB is an equity fund, while HECO is an alternative fund. They carry different risk/return profiles.
  • IWB follows a index tracking strategy; HECO uses option income.
  • IWB costs 0.75% less per year.
  • IWB is much larger than HECO. Larger funds are usually more liquid and less likely to close.
  • IWB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

IWBHECO
Annual cost (TER)0.15%0.90%
Fund size (AUM)$48.9B$116M
Since20002024
Dividend yield0.91%0.00%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingoption income
CAGR 1Y+24.3%+117.9%
CAGR 3Y+22.2%N/A
CAGR 5Y+12.6%N/A
Sharpe 3Y1.17N/A
Volatility 1Y12.22%37.71%
Max drawdown-34.60%-43.74%

Similar to IWB and HECO