IGM vs. ^XCI
Compare and contrast key facts about iShares Expanded Tech Sector ETF (IGM) and ARCA Computer Technology Index (^XCI).
IGM is a passively managed fund by iShares that tracks the performance of the S&P North American Technology Sector Index. It was launched on Mar 13, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGM or ^XCI.
Key characteristics
IGM | ^XCI | |
---|---|---|
YTD Return | 23.86% | 31.02% |
1Y Return | 40.97% | 43.71% |
3Y Return (Ann) | 11.74% | 17.84% |
5Y Return (Ann) | 22.86% | 28.13% |
10Y Return (Ann) | 22.84% | 21.81% |
Sharpe Ratio | 1.97 | 2.04 |
Daily Std Dev | 21.29% | 21.98% |
Max Drawdown | -65.59% | -77.19% |
Current Drawdown | -6.27% | -7.75% |
Correlation
The correlation between IGM and ^XCI is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IGM vs. ^XCI - Performance Comparison
In the year-to-date period, IGM achieves a 23.86% return, which is significantly lower than ^XCI's 31.02% return. Both investments have delivered pretty close results over the past 10 years, with IGM having a 22.84% annualized return and ^XCI not far behind at 21.81%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
IGM vs. ^XCI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) and ARCA Computer Technology Index (^XCI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
IGM vs. ^XCI - Drawdown Comparison
The maximum IGM drawdown since its inception was -65.59%, smaller than the maximum ^XCI drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for IGM and ^XCI. For additional features, visit the drawdowns tool.
Volatility
IGM vs. ^XCI - Volatility Comparison
The current volatility for iShares Expanded Tech Sector ETF (IGM) is 7.22%, while ARCA Computer Technology Index (^XCI) has a volatility of 7.81%. This indicates that IGM experiences smaller price fluctuations and is considered to be less risky than ^XCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.