GXPT vs. IYW
GXPT (Global X PureCap MSCI Information Technology ETF) and IYW (iShares U.S. Technology ETF) are both Technology Equities funds - GXPT tracks the MSCI USA Information Technology PureCap Index while IYW tracks the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past year, GXPT returned 29.12% vs 34.47% for IYW. Their 0.97 correlation means they have historically moved very closely together. GXPT charges 0.15%/yr vs 0.38%/yr for IYW.
Performance
GXPT vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, GXPT achieves a 15.96% return, which is significantly lower than IYW's 19.29% return.
GXPT
- 1D
- -0.44%
- 1M
- -0.06%
- 6M
- 18.54%
- YTD
- 15.96%
- 1Y
- 29.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 28.57%
IYW
- 1D
- 0.46%
- 1M
- -2.23%
- 6M
- 20.08%
- YTD
- 19.29%
- 1Y
- 34.47%
- 3Y*
- 28.25%
- 5Y*
- 18.55%
- 10Y*
- 24.38%
- ALL TIME*
- 9.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.90M | $9.61M | $5.72M | |
| $125.49M | $126.55M | $189.91M |
GXPT vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GXPT Global X PureCap MSCI Information Technology ETF | 15.96% | 11.47% |
IYW iShares U.S. Technology ETF | 19.29% | 12.61% |
Correlation
The correlation between GXPT and IYW is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.97 |
The correlation between GXPT and IYW has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
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Return for Risk
GXPT vs. IYW — Risk / Return Rank
GXPT
IYW
GXPT vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Information Technology ETF (GXPT) 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.
| GXPT | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.77 | -0.35 |
| Martin ratioReturn relative to average drawdown | 3.74 | 5.23 | -1.49 |
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Drawdowns
GXPT vs. IYW - Drawdown Comparison
The maximum GXPT drawdown since its inception was -18.74%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for GXPT and IYW.
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Drawdown Indicators
| GXPT | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.74% | -81.90% | +63.16% |
Max Drawdown (1Y)Largest decline over 1 year | -18.74% | -17.81% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.44% | — |
Current DrawdownCurrent decline from peak | -9.42% | -8.40% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -34.48% | +29.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.11% | 6.03% | +1.08% |
Volatility
GXPT vs. IYW - Volatility Comparison
Global X PureCap MSCI Information Technology ETF (GXPT) and iShares U.S. Technology ETF (IYW) have volatilities of 7.73% and 7.86%, 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
| GXPT | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.73% | 7.86% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 19.35% | 19.90% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.54% | 23.79% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.29% | 26.47% | -3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.29% | 25.36% | -2.07% |
GXPT vs. IYW - Expense Ratio Comparison
GXPT has a 0.15% expense ratio, which is lower than IYW's 0.38% expense ratio.
Dividends
GXPT vs. IYW - Dividend Comparison
GXPT's dividend yield for the trailing twelve months is around 0.22%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXPT Global X PureCap MSCI Information Technology ETF | 0.22% | 0.14% | 0.00% | 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
With a correlation of 0.97, GXPT and IYW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IYW has higher volatility (7.86%) compared to GXPT (7.73%). In terms of maximum drawdown, GXPT dropped -18.74% vs IYW's -81.90%.
On 1-year performance, IYW leads with 34.47% vs 29.12% for GXPT. On fees, GXPT is cheaper at 0.15% per year. On volatility, GXPT has been the lower-risk option at 7.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYW has performed better with a 34.47% return vs 29.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GXPT is cheaper with a 0.15% expense ratio, compared with 0.38% for IYW.
GXPT has the higher dividend yield at 0.22%, compared with 0.11% for IYW.
GXPT tracks MSCI USA Information Technology PureCap Index, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.15% for GXPT and 0.38% for IYW.
IYW currently has the higher Sharpe Ratio (1.33 vs 1.13), 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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