^XCI vs. IGM
^XCI (ARCA Computer Technology Index) is an index, while IGM (iShares Expanded Tech Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Sector Index. Over the past 10 years, ^XCI returned 27.00%/yr vs 24.86%/yr for IGM. Their correlation of 0.94 suggests significant overlap in exposure.
Performance
^XCI vs. IGM - Performance Comparison
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Returns By Period
In the year-to-date period, ^XCI achieves a 13.47% return, which is significantly lower than IGM's 22.65% return. Over the past 10 years, ^XCI has outperformed IGM with an annualized return of 27.00%, while IGM has yielded a comparatively lower 24.86% annualized return.
^XCI
- 1D
- -2.93%
- 1M
- -2.92%
- YTD
- 13.47%
- 6M
- 12.60%
- 1Y
- 39.38%
- 3Y*
- 31.87%
- 5Y*
- 22.85%
- 10Y*
- 27.00%
IGM
- 1D
- -3.56%
- 1M
- 0.74%
- YTD
- 22.65%
- 6M
- 21.02%
- 1Y
- 47.83%
- 3Y*
- 35.67%
- 5Y*
- 19.25%
- 10Y*
- 24.86%
^XCI vs. IGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^XCI ARCA Computer Technology Index | 13.47% | 26.59% | 42.26% | 66.65% | -32.43% | 41.49% | 43.93% | 49.12% | -3.42% | 37.69% |
IGM iShares Expanded Tech Sector ETF | 22.65% | 26.76% | 36.99% | 60.68% | -35.83% | 25.72% | 45.11% | 41.81% | 2.26% | 37.20% |
Correlation
The correlation between ^XCI and IGM is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2001 | 0.94 |
The correlation between ^XCI and IGM has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
^XCI vs. IGM — Risk / Return Rank
^XCI
IGM
^XCI vs. IGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARCA Computer Technology Index (^XCI) and iShares Expanded Tech Sector ETF (IGM). 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.
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.
| ^XCI | IGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.36 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.92 | -0.82 |
| Martin ratioReturn relative to average drawdown | 6.41 | 9.77 | -3.36 |
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Drawdowns
^XCI vs. IGM - Drawdown Comparison
The maximum ^XCI drawdown since its inception was -77.19%, which is greater than IGM's maximum drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for ^XCI and IGM.
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Drawdown Indicators
| ^XCI | IGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.19% | -65.59% | -11.60% |
Max Drawdown (1Y)Largest decline over 1 year | -18.85% | -16.44% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -26.74% | -26.39% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -37.04% | -40.68% | +3.64% |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | -40.68% | +3.64% |
Current DrawdownCurrent decline from peak | -8.66% | -7.39% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -25.25% | -15.21% | -10.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | 4.91% | +1.25% |
Volatility
^XCI vs. IGM - Volatility Comparison
The current volatility for ARCA Computer Technology Index (^XCI) is 9.42%, while iShares Expanded Tech Sector ETF (IGM) has a volatility of 11.53%. This indicates that ^XCI experiences smaller price fluctuations and is considered to be less risky than IGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^XCI | IGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.42% | 11.53% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 16.97% | 18.67% | -1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.33% | 22.76% | -1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.91% | 26.07% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.32% | 24.71% | +0.61% |
Frequently Asked Questions
With a correlation of 0.93, ^XCI and IGM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IGM has higher volatility (11.53%) compared to ^XCI (9.42%). In terms of maximum drawdown, ^XCI dropped -77.19% vs IGM's -65.59%.
IGM currently has the higher Sharpe Ratio (2.11 vs 1.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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