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 2.47%/yr vs 26.11%/yr for IYW. At a 0.50 correlation, their price movements are largely independent.
Performance
DOX vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, DOX achieves a -23.76% return, which is significantly lower than IYW's 29.03% return. Over the past 10 years, DOX has underperformed IYW with an annualized return of 2.47%, while IYW has yielded a comparatively higher 26.11% annualized return.
DOX
- 1D
- -3.43%
- 1M
- -6.83%
- YTD
- -23.76%
- 6M
- -18.69%
- 1Y
- -32.02%
- 3Y*
- -11.88%
- 5Y*
- -3.40%
- 10Y*
- 2.47%
IYW
- 1D
- -0.92%
- 1M
- 16.53%
- YTD
- 29.03%
- 6M
- 28.22%
- 1Y
- 59.52%
- 3Y*
- 35.24%
- 5Y*
- 22.87%
- 10Y*
- 26.11%
DOX vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DOX Amdocs Limited | -23.76% | -3.08% | -0.92% | -1.44% | 23.77% | 7.49% | 0.45% | 25.49% | -9.12% | 13.97% |
IYW iShares U.S. Technology ETF | 29.03% | 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 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since May 22, 2000 | 0.50 |
Over the past year, the correlation between DOX and IYW has dropped to 0.21 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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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.
| DOX | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.24 | ||
| Sortino ratioReturn per unit of downside risk | -5.44 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.48 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 3.36 | -4.29 |
| Martin ratioReturn relative to average drawdown | -1.73 | 11.00 | -12.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DOX | IYW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.26 | 2.98 | -4.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | 0.89 | -1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 1.04 | -0.93 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.35 | -0.18 |
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.
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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 | -34.51% | -17.81% | -16.70% |
Max Drawdown (3Y)Largest decline over 3 years | -35.23% | -26.47% | -8.76% |
Max Drawdown (5Y)Largest decline over 5 years | -35.23% | -39.44% | +4.21% |
Max Drawdown (10Y)Largest decline over 10 years | -39.36% | -39.44% | +0.08% |
Current DrawdownCurrent decline from peak | -34.25% | -0.92% | -33.33% |
Average DrawdownAverage peak-to-trough decline | -41.83% | -34.66% | -7.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.50% | 5.43% | +13.07% |
Volatility
DOX vs. IYW - Volatility Comparison
Amdocs Limited (DOX) has a higher volatility of 10.21% compared to iShares U.S. Technology ETF (IYW) at 6.30%. This indicates that DOX'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.
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Volatility by Period
| DOX | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.21% | 6.30% | +3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 20.24% | 15.85% | +4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.46% | 20.09% | +5.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.56% | 25.87% | -5.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.32% | 25.09% | -3.77% |
Dividends
DOX vs. IYW - Dividend Comparison
DOX's dividend yield for the trailing twelve months is around 3.53%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOX Amdocs Limited | 3.53% | 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 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOX has higher volatility (10.21%) compared to IYW (6.30%). In terms of maximum drawdown, DOX dropped -93.37% vs IYW's -81.90%.
IYW currently has the higher Sharpe Ratio (2.98 vs -1.26), 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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