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 -39.60% vs 37.18% 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
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Returns By Period
In the year-to-date period, AIBD achieves a -26.00% return, which is significantly lower than IYW's 21.62% return.
AIBD
- 1D
- 5.39%
- 1M
- 9.76%
- 6M
- -24.63%
- YTD
- -26.00%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYW
- 1D
- -2.31%
- 1M
- -2.16%
- 6M
- 21.49%
- YTD
- 21.62%
- 1Y
- 37.18%
- 3Y*
- 29.52%
- 5Y*
- 19.77%
- 10Y*
- 24.97%
AIBD vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -26.00% | -49.15% | -34.56% |
IYW iShares U.S. Technology ETF | 21.62% | 25.38% | 17.79% |
Correlation
The correlation between AIBD and IYW is -0.80, 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 | -0.80 |
Correlation (All Time) Calculated using the full available price history since May 15, 2024 | -0.87 |
The correlation between AIBD and IYW has been stable across timeframes, ranging from -0.87 to -0.80 - a consistent structural relationship.
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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.
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.
| AIBD | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.28 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.10 | -2.77 |
| Martin ratioReturn relative to average drawdown | -1.41 | 6.49 | -7.90 |
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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.
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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 | -58.75% | -17.81% | -40.94% |
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 | -77.48% | -6.60% | -70.88% |
Average DrawdownAverage peak-to-trough decline | -49.73% | -34.52% | -15.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.63% | 5.74% | +22.89% |
Volatility
AIBD vs. IYW - Volatility Comparison
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a higher volatility of 15.87% compared to iShares U.S. Technology ETF (IYW) at 8.80%. 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.
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Volatility by Period
| AIBD | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.87% | 8.80% | +7.07% |
Volatility (6M)Calculated over the trailing 6-month period | 42.24% | 19.41% | +22.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.86% | 23.09% | +31.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.20% | 26.38% | +30.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.20% | 25.29% | +31.91% |
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 3.41%, 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 | 3.41% | 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 -0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIBD has higher volatility (15.87%) compared to IYW (8.80%). In terms of maximum drawdown, AIBD dropped -82.11% vs IYW's -81.90%.
On 1-year performance, IYW leads with 37.18% vs -39.60% for AIBD. On fees, IYW is cheaper at 0.38% per year. On volatility, IYW has been the lower-risk option at 8.80%. 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 37.18% return vs -39.60%. 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 3.41%, 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 (1.62 vs -0.72), 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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