PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
BGSAX vs. IYW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BGSAX and IYW is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.9

Performance

BGSAX vs. IYW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Technology Opportunities Fund Investor A (BGSAX) and iShares U.S. Technology ETF (IYW). The values are adjusted to include any dividend payments, if applicable.

400.00%450.00%500.00%JulyAugustSeptemberOctoberNovemberDecember
491.76%
492.49%
BGSAX
IYW

Key characteristics

Sharpe Ratio

BGSAX:

1.39

IYW:

1.58

Sortino Ratio

BGSAX:

1.86

IYW:

2.10

Omega Ratio

BGSAX:

1.25

IYW:

1.28

Calmar Ratio

BGSAX:

1.18

IYW:

2.13

Martin Ratio

BGSAX:

6.65

IYW:

7.31

Ulcer Index

BGSAX:

5.07%

IYW:

4.68%

Daily Std Dev

BGSAX:

24.29%

IYW:

21.62%

Max Drawdown

BGSAX:

-73.76%

IYW:

-81.89%

Current Drawdown

BGSAX:

-6.70%

IYW:

-2.49%

Returns By Period

The year-to-date returns for both investments are quite close, with BGSAX having a 31.14% return and IYW slightly higher at 32.29%. Over the past 10 years, BGSAX has underperformed IYW with an annualized return of 16.48%, while IYW has yielded a comparatively higher 20.71% annualized return.


BGSAX

YTD

31.14%

1M

-1.95%

6M

3.72%

1Y

31.53%

5Y*

14.81%

10Y*

16.48%

IYW

YTD

32.29%

1M

2.64%

6M

7.87%

1Y

32.62%

5Y*

23.53%

10Y*

20.71%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


BGSAX vs. IYW - Expense Ratio Comparison

BGSAX has a 1.20% expense ratio, which is higher than IYW's 0.42% expense ratio.


BGSAX
BlackRock Technology Opportunities Fund Investor A
Expense ratio chart for BGSAX: current value at 1.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.20%
Expense ratio chart for IYW: current value at 0.42% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.42%

Risk-Adjusted Performance

BGSAX vs. IYW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Technology Opportunities Fund Investor A (BGSAX) 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.


Sharpe ratio
The chart of Sharpe ratio for BGSAX, currently valued at 1.39, compared to the broader market-1.000.001.002.003.004.001.391.58
The chart of Sortino ratio for BGSAX, currently valued at 1.86, compared to the broader market-2.000.002.004.006.008.0010.001.862.10
The chart of Omega ratio for BGSAX, currently valued at 1.25, compared to the broader market0.501.001.502.002.503.003.501.251.28
The chart of Calmar ratio for BGSAX, currently valued at 1.18, compared to the broader market0.002.004.006.008.0010.0012.0014.001.182.13
The chart of Martin ratio for BGSAX, currently valued at 6.65, compared to the broader market0.0020.0040.0060.006.657.31
BGSAX
IYW

The current BGSAX Sharpe Ratio is 1.39, which is comparable to the IYW Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of BGSAX and IYW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
1.39
1.58
BGSAX
IYW

Dividends

BGSAX vs. IYW - Dividend Comparison

BGSAX has not paid dividends to shareholders, while IYW's dividend yield for the trailing twelve months is around 0.20%.


TTM20232022202120202019201820172016201520142013
BGSAX
BlackRock Technology Opportunities Fund Investor A
0.00%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
0.20%0.53%0.50%0.31%0.56%0.72%0.91%0.82%1.13%1.12%1.13%1.06%

Drawdowns

BGSAX vs. IYW - Drawdown Comparison

The maximum BGSAX drawdown since its inception was -73.76%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for BGSAX and IYW. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-6.70%
-2.49%
BGSAX
IYW

Volatility

BGSAX vs. IYW - Volatility Comparison

BlackRock Technology Opportunities Fund Investor A (BGSAX) has a higher volatility of 8.76% compared to iShares U.S. Technology ETF (IYW) at 5.63%. This indicates that BGSAX'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.


4.00%6.00%8.00%10.00%12.00%JulyAugustSeptemberOctoberNovemberDecember
8.76%
5.63%
BGSAX
IYW
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab