CDW vs. IGM
CDW (CDW Corporation) is a stock, while IGM (iShares Expanded Tech Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Sector Index. Over the past 10 years, CDW returned 13.89%/yr vs 23.77%/yr for IGM. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
CDW vs. IGM - Performance Comparison
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Returns By Period
In the year-to-date period, CDW achieves a -0.28% return, which is significantly lower than IGM's 20.35% return. Over the past 10 years, CDW has underperformed IGM with an annualized return of 13.89%, while IGM has yielded a comparatively higher 23.77% annualized return.
CDW
- 1D
- 2.66%
- 1M
- 3.27%
- 6M
- 2.67%
- YTD
- -0.28%
- 1Y
- -22.08%
- 3Y*
- -9.56%
- 5Y*
- -3.83%
- 10Y*
- 13.89%
IGM
- 1D
- -2.48%
- 1M
- -3.54%
- 6M
- 19.15%
- YTD
- 20.35%
- 1Y
- 37.02%
- 3Y*
- 31.90%
- 5Y*
- 18.50%
- 10Y*
- 23.77%
CDW vs. IGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDW CDW Corporation | -0.28% | -20.56% | -22.57% | 28.84% | -11.75% | 56.87% | -6.55% | 78.22% | 17.98% | 34.92% |
IGM iShares Expanded Tech Sector ETF | 20.35% | 26.76% | 36.99% | 60.68% | -35.83% | 25.72% | 45.11% | 41.81% | 2.26% | 37.20% |
Correlation
The correlation between CDW and IGM is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2013 | 0.56 |
Over the past year, the correlation between CDW and IGM has dropped to 0.28 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
CDW vs. IGM — Risk / Return Rank
CDW
IGM
CDW vs. IGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CDW Corporation (CDW) and iShares Expanded Tech Sector ETF (IGM). 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.
| CDW | IGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.27 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 2.26 | -2.76 |
| Martin ratioReturn relative to average drawdown | -0.92 | 7.10 | -8.02 |
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Drawdowns
CDW vs. IGM - Drawdown Comparison
The maximum CDW drawdown since its inception was -60.37%, smaller than the maximum IGM drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for CDW and IGM.
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Drawdown Indicators
| CDW | IGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.37% | -65.59% | +5.22% |
Max Drawdown (1Y)Largest decline over 1 year | -44.77% | -16.44% | -28.33% |
Max Drawdown (3Y)Largest decline over 3 years | -60.37% | -26.39% | -33.98% |
Max Drawdown (5Y)Largest decline over 5 years | -60.37% | -40.68% | -19.69% |
Max Drawdown (10Y)Largest decline over 10 years | -60.37% | -40.68% | -19.69% |
Current DrawdownCurrent decline from peak | -46.06% | -9.12% | -36.94% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -15.19% | +3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.14% | 5.23% | +18.91% |
Volatility
CDW vs. IGM - Volatility Comparison
CDW Corporation (CDW) has a higher volatility of 14.30% compared to iShares Expanded Tech Sector ETF (IGM) at 8.90%. This indicates that CDW's price experiences larger fluctuations and is considered to be riskier than IGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDW | IGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.30% | 8.90% | +5.40% |
Volatility (6M)Calculated over the trailing 6-month period | 37.99% | 19.74% | +18.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.13% | 23.59% | +18.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.54% | 26.23% | +5.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.19% | 24.76% | +6.43% |
Dividends
CDW vs. IGM - Dividend Comparison
CDW's dividend yield for the trailing twelve months is around 1.87%, more than IGM's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDW CDW Corporation | 1.87% | 1.84% | 1.43% | 1.05% | 1.17% | 0.83% | 1.17% | 0.89% | 1.14% | 0.99% | 0.93% | 0.74% |
IGM iShares Expanded Tech Sector ETF | 0.14% | 0.17% | 0.22% | 0.33% | 0.66% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% |
Frequently Asked Questions
CDW and IGM have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDW has higher volatility (14.30%) compared to IGM (8.90%). In terms of maximum drawdown, CDW dropped -60.37% vs IGM's -65.59%.
IGM currently has the higher Sharpe Ratio (1.58 vs -0.53), 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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