DIVGX vs. IETC

Last updated Aug 1, 2026

DIVGX (Guardian Capital Dividend Growth Fund) and IETC (iShares U.S. Tech Independence Focused ETF) are both funds - DIVGX is a Large Cap Blend Equities fund managed by Guardian, while IETC is a Technology Equities fund actively managed by iShares. Over the past 5 years, DIVGX returned 10.90%/yr vs 13.38%/yr for IETC. Their 0.77 correlation means they have sometimes moved together and sometimes differently. DIVGX charges 0.95%/yr vs 0.18%/yr for IETC.

Performance

DIVGX vs. IETC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guardian Capital Dividend Growth Fund (DIVGX) and iShares U.S. Tech Independence Focused ETF (IETC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVGX achieves a 11.19% return, which is significantly higher than IETC's 1.45% return.

DIVGX

• 1D: 1.30%
• 1M: 1.56%
• 6M: 8.83%
• YTD: 11.19%
• 1Y: 19.85%
• 3Y*: 15.90%
• 5Y*: 10.90%
• 10Y*: —
• ALL TIME*: 12.26%

IETC

• 1D: 1.59%
• 1M: -0.77%
• 6M: 5.62%
• YTD: 1.45%
• 1Y: 8.28%
• 3Y*: 22.34%
• 5Y*: 13.38%
• 10Y*: —
• ALL TIME*: 19.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DIVGX Guardian Capital Dividend Growth Fund	$0.00	$0.00	$0.00
IETC iShares U.S. Tech Independence Focused ETF	$9.09M	$5.62M	$5.72M

DIVGX vs. IETC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DIVGX Guardian Capital Dividend Growth Fund	11.19%	13.62%	16.20%	19.48%	-14.64%	27.43%	9.47%	10.67%
IETC iShares U.S. Tech Independence Focused ETF	1.45%	19.56%	37.57%	54.35%	-32.78%	29.73%	46.59%	12.14%

Correlation

The correlation between DIVGX and IETC is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.58
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (All Time) Calculated using the full available price history since May 1, 2019	0.77

The correlation between DIVGX and IETC shifts across timeframes, from 0.58 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DIVGX vs. IETC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DIVGX

DIVGX Risk / Return Rank: 80
DIVGX Sharpe Ratio Rank: 80
DIVGX Sortino Ratio Rank: 80
DIVGX Omega Ratio Rank: 76
DIVGX Calmar Ratio Rank: 80
DIVGX Martin Ratio Rank: 86

IETC

IETC Risk / Return Rank: 16
IETC Sharpe Ratio Rank: 16
IETC Sortino Ratio Rank: 16
IETC Omega Ratio Rank: 16
IETC Calmar Ratio Rank: 15
IETC Martin Ratio Rank: 15

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DIVGX vs. IETC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guardian Capital Dividend Growth Fund (DIVGX) and iShares U.S. Tech Independence Focused ETF (IETC). 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.

	DIVGX	IETC	Difference
Sharpe ratio: Return per unit of total volatility	1.92	0.23	+1.70
Sortino ratio: Return per unit of downside risk	2.76	0.47	+2.29
Omega ratio: Gain probability vs. loss probability	1.34	1.06	+0.29
Calmar ratio: Return relative to maximum drawdown	2.66	0.26	+2.41
Martin ratio: Return relative to average drawdown	11.21	0.62	+10.59

DIVGX vs. IETC - Sharpe Ratio Comparison

The current DIVGX Sharpe Ratio is 1.92, which is higher than the IETC Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of DIVGX and IETC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DIVGX vs. IETC - Drawdown Comparison

The maximum DIVGX drawdown since its inception was -32.33%, smaller than the maximum IETC drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for DIVGX and IETC.

Drawdown Indicators

	DIVGX	IETC	Difference
Max Drawdown Largest peak-to-trough decline	-32.33%	-38.48%	+6.15%
Max Drawdown (1Y) Largest decline over 1 year	-6.90%	-21.19%	+14.29%
Max Drawdown (3Y) Largest decline over 3 years	-13.35%	-25.17%	+11.82%
Max Drawdown (5Y) Largest decline over 5 years	-23.86%	-38.48%	+14.62%
Current Drawdown Current decline from peak	0.00%	-12.92%	+12.92%
Average Drawdown Average peak-to-trough decline	-4.51%	-8.19%	+3.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	8.78%	-7.14%

Volatility

DIVGX vs. IETC - Volatility Comparison

The current volatility for Guardian Capital Dividend Growth Fund (DIVGX) is 2.54%, while iShares U.S. Tech Independence Focused ETF (IETC) has a volatility of 8.00%. This indicates that DIVGX experiences smaller price fluctuations and is considered to be less risky than IETC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVGX	IETC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.54%	8.00%	-5.46%
Volatility (6M) Calculated over the trailing 6-month period	7.42%	19.55%	-12.13%
Volatility (1Y) Calculated over the trailing 1-year period	9.57%	24.08%	-14.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.29%	25.09%	-11.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	25.51%	-8.97%

DIVGX vs. IETC - Expense Ratio Comparison

DIVGX has a 0.95% expense ratio, which is higher than IETC's 0.18% expense ratio.

Dividends

DIVGX vs. IETC - Dividend Comparison

DIVGX's dividend yield for the trailing twelve months is around 24.50%, more than IETC's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DIVGX Guardian Capital Dividend Growth Fund	24.50%	27.35%	1.15%	1.46%	3.08%	1.36%	1.22%	1.03%	0.00%
IETC iShares U.S. Tech Independence Focused ETF	0.41%	0.38%	0.52%	0.79%	0.92%	0.73%	0.48%	0.95%	1.27%

Frequently Asked Questions

Can I hold both DIVGX and IETC in my portfolio?

DIVGX and IETC have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVGX or IETC?

IETC has higher volatility (8.00%) compared to DIVGX (2.54%). In terms of maximum drawdown, DIVGX dropped -32.33% vs IETC's -38.48%.

Which has better risk-adjusted returns?

DIVGX currently has the higher Sharpe Ratio (1.92 vs 0.23), 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.