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. With a 0.97 correlation, they move nearly in lockstep. 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 19.76% return, which is significantly lower than IYW's 25.32% return.
GXPT
- 1D
- 0.52%
- 1M
- 1.91%
- 6M
- 19.85%
- YTD
- 19.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYW
- 1D
- 0.32%
- 1M
- 2.80%
- 6M
- 24.04%
- YTD
- 25.32%
- 1Y
- 43.02%
- 3Y*
- 32.58%
- 5Y*
- 20.14%
- 10Y*
- 25.51%
GXPT vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GXPT Global X PureCap MSCI Information Technology ETF | 19.76% | 11.47% |
IYW iShares U.S. Technology ETF | 25.32% | 12.61% |
Correlation
The correlation between GXPT and IYW is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.97 |
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Return for Risk
GXPT vs. IYW — Risk / Return Rank
GXPT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.40 | — |
| Martin ratioReturn relative to average drawdown | — | 7.47 | — |
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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 | — | -17.81% | — |
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 | -6.45% | -3.76% | -2.69% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -34.54% | +29.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.70% | — |
Volatility
GXPT vs. IYW - Volatility Comparison
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Volatility by Period
| GXPT | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.87% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.94% | 22.83% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.94% | 26.33% | -3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.94% | 25.27% | -2.33% |
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 0.10% 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 | 0.10% | 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.
On fees, GXPT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
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 0.10% 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.
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