BGSAX vs. IYW
Compare and contrast key facts about BlackRock Technology Opportunities Fund Investor A (BGSAX) and iShares U.S. Technology ETF (IYW).
BGSAX is managed by BlackRock. It was launched on Apr 15, 2000. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000.
Performance
BGSAX vs. IYW - Performance Comparison
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BGSAX vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGSAX BlackRock Technology Opportunities Fund Investor A | -6.28% | 19.63% | 40.56% | 49.09% | -43.13% | 8.19% | 86.27% | 43.84% | 2.03% | 49.45% |
IYW iShares U.S. Technology ETF | -7.61% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Returns By Period
In the year-to-date period, BGSAX achieves a -6.28% return, which is significantly higher than IYW's -7.61% return. Both investments have delivered pretty close results over the past 10 years, with BGSAX having a 20.75% annualized return and IYW not far ahead at 21.74%.
BGSAX
- 1D
- 4.78%
- 1M
- -7.25%
- YTD
- -6.28%
- 6M
- -7.98%
- 1Y
- 27.41%
- 3Y*
- 25.12%
- 5Y*
- 7.65%
- 10Y*
- 20.75%
IYW
- 1D
- 1.65%
- 1M
- -3.50%
- YTD
- -7.61%
- 6M
- -6.42%
- 1Y
- 30.19%
- 3Y*
- 26.02%
- 5Y*
- 15.85%
- 10Y*
- 21.74%
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BGSAX vs. IYW - Expense Ratio Comparison
BGSAX has a 1.20% expense ratio, which is higher than IYW's 0.42% expense ratio.
Return for Risk
BGSAX vs. IYW — Risk / Return Rank
BGSAX
IYW
BGSAX vs. IYW - Risk-Adjusted Trends 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.
| BGSAX | IYW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.13 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.73 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.77 | -0.42 |
Martin ratioReturn relative to average drawdown | 4.07 | 5.68 | -1.61 |
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
| BGSAX | IYW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.13 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.62 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.87 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.30 | +0.08 |
Correlation
The correlation between BGSAX and IYW is 0.92, 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.
Dividends
BGSAX vs. IYW - Dividend Comparison
BGSAX's dividend yield for the trailing twelve months is around 14.46%, more than IYW's 0.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGSAX BlackRock Technology Opportunities Fund Investor A | 14.46% | 13.55% | 8.68% | 0.00% | 0.00% | 7.66% | 4.86% | 1.50% | 1.24% | 8.01% | 1.17% | 0.00% |
IYW iShares U.S. Technology ETF | 0.15% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
Drawdowns
BGSAX vs. IYW - Drawdown Comparison
The maximum BGSAX drawdown since its inception was -73.75%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for BGSAX and IYW.
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Drawdown Indicators
| BGSAX | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.75% | -81.90% | +8.15% |
Max Drawdown (1Y)Largest decline over 1 year | -18.49% | -17.81% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -49.22% | -39.44% | -9.78% |
Max Drawdown (10Y)Largest decline over 10 years | -49.22% | -39.44% | -9.78% |
Current DrawdownCurrent decline from peak | -14.59% | -12.65% | -1.94% |
Average DrawdownAverage peak-to-trough decline | -26.53% | -34.87% | +8.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 5.55% | +0.57% |
Volatility
BGSAX vs. IYW - Volatility Comparison
BlackRock Technology Opportunities Fund Investor A (BGSAX) has a higher volatility of 10.93% compared to iShares U.S. Technology ETF (IYW) at 8.23%. 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.
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Volatility by Period
| BGSAX | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.93% | 8.23% | +2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 19.27% | 15.99% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.44% | 26.92% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.43% | 25.78% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.60% | 24.98% | +0.62% |