IWM
iShares Russell 2000 ETF
ETF / Index
Price today
$296.00
Recent high
$302.72
-2.2% from high · cheap vs its own history
charlieapp.co
Index ETFs don't have their own calculated Value. They hold hundreds of companies — we work out whether the group is expensive or cheap versus its history.
From high
-2%
all-time high
Cycle low
$136.67
historic floor
Premium
+117%
above the low
Current cycle zone
You are 2% below the all-time high, and 117% above the low of the cycle. The signal comes from where you sit in that range.
The floor of the cycle is at $136.67; the ceiling, at $302.72. The closer to the floor, the better the spot to build in slowly.
It has no intrinsic value from fundamentals — the range comes from price highs and lows. The final call is yours; buying gradually (DCA) means a little at a time.
The business
With a single purchase you become a tiny co-owner of about two thousand small U.S. companies.
IWM is an exchange-traded fund that tracks the Russell 2000 index, a basket of about two thousand small U.S. companies. Instead of buying a single company, you own a tiny slice of hundreds of small businesses across very varied sectors like industry, regional finance, healthcare, and consumer.
Its edge as a vehicle is giving you instant access to a huge universe of small companies in a single move, something almost impossible and very costly to build on your own, with good liquidity to get in and out.
Catalysts and risks
Small companies tend to react strongly when the U.S. domestic economy grows and consumption accelerates.
Interest rate cuts tend to relieve these companies, which rely more on credit to finance themselves.
When investors seek domestic growth, money flows into small companies can increase.
Small companies are more sensitive to the economic cycle: in tough times they fall more than large ones.
The fund is very dependent on interest rates, because these companies take on more debt and suffer when credit gets more expensive.
The fund charges an annual fee that slowly reduces your result, and within the basket solid businesses coexist with fragile ones.
Charlie's note
“With small companies, patience and low cost matter more than guessing the exact timing of the cycle; you go in expecting years, not weeks, and you accept that the ride will be bumpy.”
Analysis · June 2026
Charlie informs, it doesn't advise. No information should be taken as a recommendation to buy or sell.