AIBD vs. IYW
AIBD (Direxion Daily AI and Big Data Bear 2X Shares) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - AIBD is a Inverse Equities fund tracking the Solactive US AI & Big Data Index, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past year, AIBD returned -59.55% vs 59.52% for IYW. At a correlation of -0.87, they often move in opposite directions. AIBD charges 1.05%/yr vs 0.38%/yr for IYW.
Performance
AIBD vs. IYW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AIBD achieves a -38.68% return, which is significantly lower than IYW's 29.03% return.
AIBD
- 1D
- 4.30%
- 1M
- -24.36%
- YTD
- -38.68%
- 6M
- -33.54%
- 1Y
- -59.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYW
- 1D
- -0.92%
- 1M
- 16.53%
- YTD
- 29.03%
- 6M
- 28.22%
- 1Y
- 59.52%
- 3Y*
- 35.24%
- 5Y*
- 22.87%
- 10Y*
- 26.11%
AIBD vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -38.68% | -49.15% | -33.02% |
IYW iShares U.S. Technology ETF | 29.03% | 25.38% | 15.20% |
Correlation
The correlation between AIBD and IYW is -0.79, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.79 |
Correlation (All Time) Calculated using the full available price history since May 16, 2024 | -0.87 |
The correlation between AIBD and IYW has been stable across timeframes, ranging from -0.87 to -0.79 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AIBD vs. IYW — Risk / Return Rank
AIBD
IYW
AIBD vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AI and Big Data Bear 2X Shares (AIBD) 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.
| AIBD | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.15 | ||
| Sortino ratioReturn per unit of downside risk | -5.73 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.48 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 3.36 | -4.33 |
| Martin ratioReturn relative to average drawdown | -1.78 | 11.00 | -12.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AIBD | IYW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.17 | 2.98 | -4.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.89 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.95 | 0.35 | -1.30 |
Drawdowns
AIBD vs. IYW - Drawdown Comparison
The maximum AIBD drawdown since its inception was -82.11%, roughly equal to the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for AIBD and IYW.
Loading charts...
Drawdown Indicators
| AIBD | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.11% | -81.90% | -0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -61.47% | -17.81% | -43.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.44% | — |
Current DrawdownCurrent decline from peak | -81.34% | -0.92% | -80.42% |
Average DrawdownAverage peak-to-trough decline | -48.17% | -34.66% | -13.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.38% | 5.43% | +27.95% |
Volatility
AIBD vs. IYW - Volatility Comparison
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a higher volatility of 14.63% compared to iShares U.S. Technology ETF (IYW) at 6.30%. This indicates that AIBD's price experiences larger fluctuations and is considered to be riskier than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AIBD | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.63% | 6.30% | +8.33% |
Volatility (6M)Calculated over the trailing 6-month period | 37.40% | 15.85% | +21.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.16% | 20.09% | +31.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.52% | 25.87% | +30.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.52% | 25.09% | +31.43% |
AIBD vs. IYW - Expense Ratio Comparison
AIBD has a 1.05% expense ratio, which is higher than IYW's 0.38% expense ratio.
Dividends
AIBD vs. IYW - Dividend Comparison
AIBD's dividend yield for the trailing twelve months is around 5.68%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | 5.68% | 4.37% | 3.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
AIBD and IYW have a correlation of -0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIBD has higher volatility (14.63%) compared to IYW (6.30%). In terms of maximum drawdown, AIBD dropped -82.11% vs IYW's -81.90%.
On 1-year performance, IYW leads with 59.52% vs -59.55% for AIBD. On fees, IYW is cheaper at 0.38% per year. On volatility, IYW has been the lower-risk option at 6.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYW has performed better with a 59.52% return vs -59.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYW is cheaper with a 0.38% expense ratio, compared with 1.05% for AIBD.
AIBD has the higher dividend yield at 5.68%, compared with 0.11% for IYW.
AIBD is categorized as Inverse Equities, while IYW is Technology Equities. AIBD tracks Solactive US AI & Big Data Index, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.05% for AIBD and 0.38% for IYW.
IYW currently has the higher Sharpe Ratio (2.98 vs -1.17), 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.
Find the right allocation for AIBD and IYW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer