- ISIN
- US46431W6488
- CUSIP
- 46431W648
- Issuer
- iShares
- Inception Date
- Mar 21, 2018
- Region
- North America (U.S.)
- Category
- Technology Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $782M
Share Price Chart
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Performance
IETC Performance Chart
iShares U.S. Tech Independence Focused ETF (IETC) is up 6.9% since the beginning of the year. IETC is currently trading at $108 per share. Investors who bought $1,000 worth of IETC shares 5 years ago would now be looking at an investment worth $2,073.
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Returns By Period
iShares U.S. Tech Independence Focused ETF (IETC) has returned 6.94% so far this year and 22.17% over the past 12 months.
iShares U.S. Tech Independence Focused ETF
- 1D
- -0.84%
- 1M
- 0.10%
- YTD
- 6.94%
- 6M
- 5.46%
- 1Y
- 22.17%
- 3Y*
- 27.11%
- 5Y*
- 15.70%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IETC Monthly Returns History
Based on dividend-adjusted daily data since Mar 23, 2018, IETC's average daily return is +0.09%, while the average monthly return is +1.77%. At this rate, an investment would double in approximately 3.3 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +15.7%, while the worst month was Apr 2022 at -13.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, IETC closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +12.4%, while the worst single day was Mar 16, 2020 at -13.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.95% | -6.80% | -2.74% | 15.27% | 12.90% | -5.62% | 6.94% | ||||||
| 2025 | 1.90% | -5.61% | -8.60% | 4.88% | 11.08% | 7.77% | 4.27% | -0.84% | 4.98% | 5.22% | -4.87% | -0.30% | 19.56% |
| 2024 | 4.07% | 7.07% | 1.98% | -5.90% | 3.84% | 8.81% | -0.64% | 1.27% | 3.81% | -0.31% | 5.42% | 3.73% | 37.57% |
| 2023 | 8.15% | -1.00% | 8.30% | -0.16% | 10.52% | 6.02% | 3.09% | 0.47% | -6.45% | -0.79% | 12.42% | 5.28% | 54.35% |
| 2022 | -8.15% | -4.88% | 3.33% | -13.66% | -2.47% | -8.86% | 11.89% | -5.13% | -11.70% | 4.02% | 5.69% | -5.84% | -32.78% |
| 2021 | -0.57% | 2.16% | 0.64% | 7.12% | -1.18% | 7.18% | 3.36% | 4.43% | -6.03% | 7.55% | 1.10% | 1.41% | 29.73% |
Benchmark Metrics
iShares U.S. Tech Independence Focused ETF has an annualized alpha of 5.03%, beta of 1.20, and R2 of 0.83 versus S&P 500 Index. Calculated based on daily prices since March 23, 2018.
- This ETF captured 134.80% of S&P 500 Index gains and 106.69% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 5.03% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 5.03%
- Beta
- 1.20
- R²
- 0.83
- Upside Capture
- 134.80%
- Downside Capture
- 106.69%
Expense Ratio
IETC has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
IETC ranks 25 for risk / return — below 25% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares U.S. Tech Independence Focused ETF (IETC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IETC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 2.78 | -1.73 |
| Martin ratioReturn relative to average drawdown | 2.87 | 12.44 | -9.57 |
Dividends
Dividend History
iShares U.S. Tech Independence Focused ETF provided a 0.39% dividend yield over the last twelve months, with an annual payout of $0.42 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.38 | $0.44 | $0.49 | $0.37 | $0.44 | $0.23 | $0.31 | $0.29 |
Dividend yield | 0.39% | 0.38% | 0.52% | 0.79% | 0.92% | 0.73% | 0.48% | 0.95% | 1.27% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares U.S. Tech Independence Focused ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.19 | ||||||
| 2025 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 | $0.38 |
| 2024 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.12 | $0.44 |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.13 | $0.49 |
| 2022 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.17 | $0.37 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.28 | $0.44 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares U.S. Tech Independence Focused ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares U.S. Tech Independence Focused ETF was 38.48%, occurring on Nov 3, 2022. Recovery took 280 trading sessions.
The current iShares U.S. Tech Independence Focused ETF drawdown is 8.21%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -38.48%Nov 2022 | 10mo 10d | 1y 1mo | 1y 11moDec 2021 - Dec 2023 |
COVID crash2020 | -30.07%Mar 2020 | 25d | 2mo 21d | 3mo 16dFeb 2020 - Jun 2020 |
2025 selloff2025 | -25.17%Apr 2025 | 1mo 18d | 2mo 3d | 3mo 21dFeb 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -23.39%Dec 2018 | 3mo 21d | 3mo 9d | 7moSep 2018 - Apr 2019 |
2026 bear market2026 | -21.19%Mar 2026 | 5mo 1d | 1mo 15d | 6mo 16dOct 2025 - May 2026 |
Drawdown Indicators
| IETC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.48% | -56.78% | +18.30% |
Max Drawdown (1Y)Largest decline over 1 year | -21.19% | -9.10% | -12.09% |
Max Drawdown (3Y)Largest decline over 3 years | -25.17% | -18.90% | -6.27% |
Max Drawdown (5Y)Largest decline over 5 years | -38.48% | -25.43% | -13.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -8.21% | -1.80% | -6.41% |
Average DrawdownAverage peak-to-trough decline | -8.14% | -10.71% | +2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.76% | 2.03% | +5.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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