GOOG vs. IYW
GOOG (Alphabet Inc) 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, GOOG returned 26.25%/yr vs 25.22%/yr for IYW. A 0.74 correlation means they provide meaningful diversification when combined.
Performance
GOOG vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, GOOG achieves a 16.64% return, which is significantly lower than IYW's 20.86% return. Both investments have delivered pretty close results over the past 10 years, with GOOG having a 26.25% annualized return and IYW not far behind at 25.22%.
GOOG
- 1D
- -0.95%
- 1M
- -7.44%
- YTD
- 16.64%
- 6M
- 13.71%
- 1Y
- 116.14%
- 3Y*
- 42.32%
- 5Y*
- 24.64%
- 10Y*
- 26.25%
IYW
- 1D
- -5.92%
- 1M
- 3.93%
- YTD
- 20.86%
- 6M
- 18.95%
- 1Y
- 49.32%
- 3Y*
- 32.37%
- 5Y*
- 21.27%
- 10Y*
- 25.22%
GOOG vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOOG Alphabet Inc | 16.64% | 65.42% | 35.62% | 58.83% | -38.67% | 65.17% | 31.03% | 29.10% | -1.03% | 35.58% |
IYW iShares U.S. Technology ETF | 20.86% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between GOOG and IYW is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2014 | 0.74 |
Over the past year, the correlation between GOOG and IYW has dropped to 0.51 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
GOOG vs. IYW — Risk / Return Rank
GOOG
IYW
GOOG vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc (GOOG) 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.
| GOOG | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.40 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 5.63 | 2.78 | +2.85 |
| Martin ratioReturn relative to average drawdown | 20.33 | 9.08 | +11.25 |
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
| GOOG | IYW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.06 | 2.36 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.82 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 1.01 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.34 | +0.48 |
Drawdowns
GOOG vs. IYW - Drawdown Comparison
The maximum GOOG drawdown since its inception was -44.60%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for GOOG and IYW.
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Drawdown Indicators
| GOOG | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.60% | -81.90% | +37.30% |
Max Drawdown (1Y)Largest decline over 1 year | -20.75% | -17.81% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -29.35% | -26.47% | -2.88% |
Max Drawdown (5Y)Largest decline over 5 years | -44.60% | -39.44% | -5.16% |
Max Drawdown (10Y)Largest decline over 10 years | -44.60% | -39.44% | -5.16% |
Current DrawdownCurrent decline from peak | -8.34% | -7.19% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -8.89% | -34.65% | +25.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.74% | 5.45% | +0.29% |
Volatility
GOOG vs. IYW - Volatility Comparison
Alphabet Inc (GOOG) and iShares U.S. Technology ETF (IYW) have volatilities of 8.40% and 8.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOOG | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.40% | 8.75% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 20.47% | 17.04% | +3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.77% | 20.98% | +7.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.13% | 25.99% | +5.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.01% | 25.16% | +3.85% |
Dividends
GOOG vs. IYW - Dividend Comparison
GOOG's dividend yield for the trailing twelve months is around 0.23%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOG Alphabet Inc | 0.23% | 0.26% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
GOOG and IYW have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (8.75%) compared to GOOG (8.40%). In terms of maximum drawdown, GOOG dropped -44.60% vs IYW's -81.90%.
GOOG currently has the higher Sharpe Ratio (4.06 vs 2.36), 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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