BTEK vs. IYW
Compare and contrast key facts about Future Tech ETF (BTEK) and iShares U.S. Technology ETF (IYW).
BTEK and IYW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTEK is an actively managed fund by Blackrock Financial Management. It was launched on Sep 29, 2020. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTEK or IYW.
Key characteristics
| BTEK | IYW | |
|---|---|---|
| YTD Return | 2.48% | 5.02% |
| 1Y Return | 28.70% | 45.86% |
| 3Y Return (Ann) | -12.84% | 11.42% |
| 5Y Return (Ann) | 13.68% | 20.97% |
| 10Y Return (Ann) | 13.68% | 20.16% |
| Sharpe Ratio | 1.12 | 2.25 |
| Daily Std Dev | 22.01% | 18.88% |
| Max Drawdown | -59.34% | -81.89% |
| Current Drawdown | -42.70% | -5.67% |
Correlation
The correlation between BTEK and IYW is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BTEK vs. IYW - Performance Comparison
In the year-to-date period, BTEK achieves a 2.48% return, which is significantly lower than IYW's 5.02% return. Over the past 10 years, BTEK has underperformed IYW with an annualized return of 13.68%, while IYW has yielded a comparatively higher 20.16% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BTEK vs. IYW - Expense Ratio Comparison
BTEK has a 0.88% expense ratio, which is higher than IYW's 0.42% expense ratio.
Risk-Adjusted Performance
BTEK vs. IYW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Future Tech ETF (BTEK) 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.
Dividends
BTEK vs. IYW - Dividend Comparison
BTEK has not paid dividends to shareholders, while IYW's dividend yield for the trailing twelve months is around 0.36%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTEK Future Tech ETF | 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 | 0.36% | 0.40% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% | 1.06% |
Drawdowns
BTEK vs. IYW - Drawdown Comparison
The maximum BTEK drawdown since its inception was -59.34%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for BTEK and IYW. For additional features, visit the drawdowns tool.
Volatility
BTEK vs. IYW - Volatility Comparison
Future Tech ETF (BTEK) has a higher volatility of 6.60% compared to iShares U.S. Technology ETF (IYW) at 5.89%. This indicates that BTEK'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.