DOX vs. IYW
DOX (Amdocs Limited) is a stock, while IYW (iShares U.S. Technology ETF) is Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Over the past 10 years, DOX returned 1.37%/yr vs 25.87%/yr for IYW. At a 0.50 correlation, their price movements are largely independent.
Performance
DOX vs. IYW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DOX achieves a -35.28% return, which is significantly lower than IYW's 21.37% return. Over the past 10 years, DOX has underperformed IYW with an annualized return of 1.37%, while IYW has yielded a comparatively higher 25.87% annualized return.
DOX
- 1D
- -1.34%
- 1M
- -17.57%
- YTD
- -35.28%
- 6M
- -35.53%
- 1Y
- -42.67%
- 3Y*
- -16.69%
- 5Y*
- -6.10%
- 10Y*
- 1.37%
IYW
- 1D
- -0.48%
- 1M
- 0.20%
- YTD
- 21.37%
- 6M
- 19.55%
- 1Y
- 43.82%
- 3Y*
- 31.88%
- 5Y*
- 20.23%
- 10Y*
- 25.87%
DOX vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DOX Amdocs Limited | -35.28% | -3.08% | -0.92% | -1.44% | 23.77% | 7.49% | 0.45% | 25.49% | -9.12% | 13.97% |
IYW iShares U.S. Technology ETF | 21.37% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between DOX and IYW is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 19, 2000 | 0.50 |
Over the past year, the correlation between DOX and IYW has dropped to 0.15 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DOX vs. IYW — Risk / Return Rank
DOX
IYW
DOX vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amdocs Limited (DOX) 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.
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.
| DOX | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.60 | ||
| Sortino ratioReturn per unit of downside risk | -4.95 | ||
| Omega ratioGain probability vs. loss probability | 0.70 | 1.34 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 2.47 | -3.46 |
| Martin ratioReturn relative to average drawdown | -2.13 | 7.86 | -9.99 |
Loading charts...
Drawdowns
DOX vs. IYW - Drawdown Comparison
The maximum DOX drawdown since its inception was -93.37%, which is greater than IYW's maximum drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for DOX and IYW.
Loading charts...
Drawdown Indicators
| DOX | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.37% | -81.90% | -11.47% |
Max Drawdown (1Y)Largest decline over 1 year | -43.20% | -17.81% | -25.39% |
Max Drawdown (3Y)Largest decline over 3 years | -44.37% | -26.47% | -17.90% |
Max Drawdown (5Y)Largest decline over 5 years | -44.37% | -39.44% | -4.93% |
Max Drawdown (10Y)Largest decline over 10 years | -44.37% | -39.44% | -4.93% |
Current DrawdownCurrent decline from peak | -44.18% | -6.80% | -37.38% |
Average DrawdownAverage peak-to-trough decline | -41.82% | -34.59% | -7.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.03% | 5.59% | +14.44% |
Volatility
DOX vs. IYW - Volatility Comparison
The current volatility for Amdocs Limited (DOX) is 9.97%, while iShares U.S. Technology ETF (IYW) has a volatility of 11.14%. This indicates that DOX experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DOX | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 11.14% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 21.38% | 18.38% | +3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.32% | 22.33% | +3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.82% | 26.24% | -5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.44% | 25.25% | -3.81% |
Dividends
DOX vs. IYW - Dividend Comparison
DOX's dividend yield for the trailing twelve months is around 4.16%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOX Amdocs Limited | 4.16% | 2.62% | 2.25% | 1.98% | 1.74% | 1.92% | 1.85% | 1.58% | 1.71% | 1.34% | 1.34% | 1.25% |
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
Frequently Asked Questions
DOX and IYW have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (11.14%) compared to DOX (9.97%). In terms of maximum drawdown, DOX dropped -93.37% vs IYW's -81.90%.
IYW currently has the higher Sharpe Ratio (1.98 vs -1.63), 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.
Find the right allocation for DOX and IYW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer