BELT vs. IYW
BELT (iShares U.S. Select Equity Active ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - BELT is a Large Cap Growth Equities fund actively managed by iShares, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. BELT is actively managed, while IYW is passively managed. Over the past year, BELT returned 22.26% vs 43.82% for IYW. Their correlation of 0.86 suggests significant overlap in exposure. BELT charges 0.75%/yr vs 0.38%/yr for IYW.
Performance
BELT vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, BELT achieves a 15.89% return, which is significantly lower than IYW's 21.37% return.
BELT
- 1D
- -0.28%
- 1M
- -0.57%
- YTD
- 15.89%
- 6M
- 14.46%
- 1Y
- 22.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYW
- 1D
- -0.48%
- 1M
- 0.20%
- YTD
- 21.37%
- 6M
- 19.55%
- 1Y
- 43.82%
- 3Y*
- 31.88%
- 5Y*
- 20.23%
- 10Y*
- 25.87%
BELT vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BELT iShares U.S. Select Equity Active ETF | 15.89% | 12.42% | -1.87% |
IYW iShares U.S. Technology ETF | 21.37% | 25.38% | 4.54% |
Correlation
The correlation between BELT and IYW is 0.84, 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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2024 | 0.86 |
The correlation between BELT and IYW has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
BELT vs. IYW — Risk / Return Rank
BELT
IYW
BELT vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Select Equity Active ETF (BELT) 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.
| BELT | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.34 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.47 | -0.52 |
| Martin ratioReturn relative to average drawdown | 7.50 | 7.86 | -0.36 |
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Drawdowns
BELT vs. IYW - Drawdown Comparison
The maximum BELT drawdown since its inception was -23.05%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for BELT and IYW.
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Drawdown Indicators
| BELT | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.05% | -81.90% | +58.85% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -17.81% | +6.34% |
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 | -3.29% | -6.80% | +3.51% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -34.59% | +31.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 5.59% | -2.62% |
Volatility
BELT vs. IYW - Volatility Comparison
The current volatility for iShares U.S. Select Equity Active ETF (BELT) is 6.90%, while iShares U.S. Technology ETF (IYW) has a volatility of 11.14%. This indicates that BELT 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
| BELT | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.90% | 11.14% | -4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 14.87% | 18.38% | -3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.04% | 22.33% | -4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.42% | 26.24% | -4.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.42% | 25.25% | -3.83% |
BELT vs. IYW - Expense Ratio Comparison
BELT has a 0.75% expense ratio, which is higher than IYW's 0.38% expense ratio.
Dividends
BELT vs. IYW - Dividend Comparison
BELT's dividend yield for the trailing twelve months is around 0.02%, less than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BELT iShares U.S. Select Equity Active ETF | 0.02% | 0.00% | 0.00% | 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
BELT and IYW have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (11.14%) compared to BELT (6.90%). In terms of maximum drawdown, BELT dropped -23.05% vs IYW's -81.90%.
On 1-year performance, IYW leads with 43.82% vs 22.26% for BELT. On fees, IYW is cheaper at 0.38% per year. On volatility, BELT has been the lower-risk option at 6.90%. 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 43.82% return vs 22.26%. 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 0.75% for BELT.
IYW has the higher dividend yield at 0.11%, compared with 0.02% for BELT.
BELT is categorized as Large Cap Growth Equities, while IYW is Technology Equities. Their fees differ too: 0.75% for BELT and 0.38% for IYW.
IYW currently has the higher Sharpe Ratio (1.98 vs 1.25), 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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