AAPL vs. IYW
AAPL (Apple Inc) is a stock, while IYW (iShares U.S. Technology ETF) is Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Over the past 10 years, AAPL returned 29.85%/yr vs 25.22%/yr for IYW. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
AAPL vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, AAPL achieves a 13.26% return, which is significantly lower than IYW's 20.86% return. Over the past 10 years, AAPL has outperformed IYW with an annualized return of 29.85%, while IYW has yielded a comparatively lower 25.22% annualized return.
AAPL
- 1D
- -1.25%
- 1M
- 7.00%
- YTD
- 13.26%
- 6M
- 10.45%
- 1Y
- 53.80%
- 3Y*
- 20.25%
- 5Y*
- 20.16%
- 10Y*
- 29.85%
IYW
- 1D
- -5.92%
- 1M
- 3.93%
- YTD
- 20.86%
- 6M
- 18.95%
- 1Y
- 49.32%
- 3Y*
- 32.37%
- 5Y*
- 21.27%
- 10Y*
- 25.22%
AAPL vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 13.26% | 9.05% | 30.71% | 49.01% | -26.40% | 34.65% | 82.31% | 88.96% | -5.39% | 48.46% |
IYW iShares U.S. Technology ETF | 20.86% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between AAPL and IYW is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 22, 2000 | 0.68 |
Over the past year, the correlation between AAPL and IYW has dropped to 0.44 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
AAPL vs. IYW — Risk / Return Rank
AAPL
IYW
AAPL vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apple Inc (AAPL) and iShares U.S. Technology ETF (IYW). 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.
| AAPL | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 2.78 | +1.14 |
| Martin ratioReturn relative to average drawdown | 9.86 | 9.08 | +0.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AAPL | IYW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.36 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.82 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.04 | 1.01 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.34 | +0.10 |
Drawdowns
AAPL vs. IYW - Drawdown Comparison
The maximum AAPL drawdown since its inception was -81.80%, roughly equal to the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for AAPL and IYW.
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Drawdown Indicators
| AAPL | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.80% | -81.90% | +0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -17.81% | +4.01% |
Max Drawdown (3Y)Largest decline over 3 years | -33.36% | -26.47% | -6.89% |
Max Drawdown (5Y)Largest decline over 5 years | -33.36% | -39.44% | +6.08% |
Max Drawdown (10Y)Largest decline over 10 years | -38.52% | -39.44% | +0.92% |
Current DrawdownCurrent decline from peak | -2.49% | -7.19% | +4.70% |
Average DrawdownAverage peak-to-trough decline | -29.61% | -34.65% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.47% | 5.45% | +0.02% |
Volatility
AAPL vs. IYW - Volatility Comparison
The current volatility for Apple Inc (AAPL) is 5.23%, while iShares U.S. Technology ETF (IYW) has a volatility of 8.75%. This indicates that AAPL experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPL | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 8.75% | -3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 15.92% | 17.04% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.35% | 20.98% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.45% | 25.99% | +1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.89% | 25.16% | +3.73% |
Dividends
AAPL vs. IYW - Dividend Comparison
AAPL's dividend yield for the trailing twelve months is around 0.34%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.34% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
Frequently Asked Questions
AAPL and IYW have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (8.75%) compared to AAPL (5.23%). In terms of maximum drawdown, AAPL dropped -81.80% vs IYW's -81.90%.
AAPL currently has the higher Sharpe Ratio (2.42 vs 2.36), 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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