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DHR vs. IGM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DHR vs. IGM

Last updated Jun 24, 2026

DHR (Danaher 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, DHR returned 11.04%/yr vs 24.86%/yr for IGM. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

DHR vs. IGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Danaher Corporation (DHR) and iShares Expanded Tech Sector ETF (IGM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DHR achieves a -21.65% return, which is significantly lower than IGM's 22.65% return. Over the past 10 years, DHR has underperformed IGM with an annualized return of 11.04%, while IGM has yielded a comparatively higher 24.86% annualized return.

DHR

1D
0.44%
1M
4.05%
YTD
-21.65%
6M
-22.19%
1Y
-8.22%
3Y*
-4.85%
5Y*
-5.04%
10Y*
11.04%

IGM

1D
-3.56%
1M
0.74%
YTD
22.65%
6M
21.02%
1Y
47.83%
3Y*
35.67%
5Y*
19.25%
10Y*
24.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DHR vs. IGM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DHR
Danaher Corporation		-21.65%0.35%-0.35%-1.22%-19.02%48.57%45.34%49.55%11.80%20.01%
IGM
iShares Expanded Tech Sector ETF		22.65%26.76%36.99%60.68%-35.83%25.72%45.11%41.81%2.26%37.20%

Correlation

The correlation between DHR and IGM is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.11

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.39

Correlation (10Y)
Calculated over the trailing 10-year period

0.46

Correlation (All Time)
Calculated using the full available price history since Mar 19, 2001

0.56

Over the past year, the correlation between DHR and IGM has dropped to 0.11 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

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Danaher Corporation

iShares Expanded Tech Sector ETF

Often compared with DHR:
DHR vs. TMODHR vs. ABTDHR vs. SYKDHR vs. MDTDHR vs. BDXDHR vs. RMDDHR vs. VOO
Often compared with IGM:
IGM vs. QQQIGM vs. VGTIGM vs. IYWIGM vs. XLKIGM vs. IXNIGM vs. VOOIGM vs. IETC

Return for Risk

DHR vs. IGM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DHR
DHR Risk / Return Rank: 3030
Overall Rank
DHR Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
DHR Sortino Ratio Rank: 2626
Sortino Ratio Rank
DHR Omega Ratio Rank: 2727
Omega Ratio Rank
DHR Calmar Ratio Rank: 3434
Calmar Ratio Rank
DHR Martin Ratio Rank: 3232
Martin Ratio Rank
IGM
IGM Risk / Return Rank: 6161
Overall Rank
IGM Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
IGM Sortino Ratio Rank: 5959
Sortino Ratio Rank
IGM Omega Ratio Rank: 6060
Omega Ratio Rank
IGM Calmar Ratio Rank: 6161
Calmar Ratio Rank
IGM Martin Ratio Rank: 5757
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DHR vs. IGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Danaher Corporation (DHR) 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.

DHRIGMDifference
Sharpe ratioReturn per unit of total volatility
-0.29
2.11

-2.41

Sortino ratioReturn per unit of downside risk
-0.25
2.67

-2.92

Omega ratioGain probability vs. loss probability

0.97

1.36

-0.38

Calmar ratioReturn relative to maximum drawdown

-0.25

2.92

-3.17

Martin ratioReturn relative to average drawdown

-0.57

9.77

-10.34

DHR vs. IGM - Sharpe Ratio Comparison

The current DHR Sharpe Ratio is -0.29, which is lower than the IGM Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of DHR and IGM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DHR vs. IGM - Drawdown Comparison

The maximum DHR drawdown since its inception was -45.80%, smaller than the maximum IGM drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for DHR and IGM.

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Drawdown Indicators

DHRIGMDifference

Max Drawdown

Largest peak-to-trough decline

-45.80%

-65.59%

+19.79%

Max Drawdown (1Y)

Largest decline over 1 year

-32.97%

-16.44%

-16.53%

Max Drawdown (3Y)

Largest decline over 3 years

-41.72%

-26.39%

-15.33%

Max Drawdown (5Y)

Largest decline over 5 years

-43.81%

-40.68%

-3.13%

Max Drawdown (10Y)

Largest decline over 10 years

-43.81%

-40.68%

-3.13%

Current Drawdown

Current decline from peak

-37.89%

-7.39%

-30.50%

Average Drawdown

Average peak-to-trough decline

-10.24%

-15.21%

+4.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.39%

4.91%

+9.48%

Volatility

DHR vs. IGM - Volatility Comparison

The current volatility for Danaher Corporation (DHR) is 8.73%, while iShares Expanded Tech Sector ETF (IGM) has a volatility of 11.53%. This indicates that DHR experiences smaller price fluctuations and is considered to be less risky 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

DHRIGMDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.73%

11.53%

-2.80%

Volatility (6M)

Calculated over the trailing 6-month period

19.34%

18.67%

+0.67%

Volatility (1Y)

Calculated over the trailing 1-year period

28.04%

22.76%

+5.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.95%

26.07%

+1.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.55%

24.71%

+0.84%

Dividends

DHR vs. IGM - Dividend Comparison

DHR's dividend yield for the trailing twelve months is around 0.76%, more than IGM's 0.14% yield.

PositionTTM20252024202320222021202020192018201720162015
DHR
Danaher Corporation		0.76%0.56%0.47%12.64%0.38%0.26%0.32%0.44%0.62%0.60%32.55%0.58%
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

DHR and IGM have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IGM has higher volatility (11.53%) compared to DHR (8.73%). In terms of maximum drawdown, DHR dropped -45.80% vs IGM's -65.59%.

IGM currently has the higher Sharpe Ratio (2.11 vs -0.29), 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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