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HAE vs. IYW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HAE vs. IYW

Last updated Jul 11, 2026
Documentation

HAE (Haemonetics Corporation) 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, HAE returned 9.57%/yr vs 25.51%/yr for IYW. At a 0.37 correlation, their price movements are largely independent.

Performance

HAE vs. IYW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Haemonetics Corporation (HAE) and iShares U.S. Technology ETF (IYW). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HAE achieves a -4.94% return, which is significantly lower than IYW's 25.32% return. Over the past 10 years, HAE has underperformed IYW with an annualized return of 9.57%, while IYW has yielded a comparatively higher 25.51% annualized return.

HAE

1D
1.59%
1M
-2.57%
6M
-7.12%
YTD
-4.94%
1Y
0.89%
3Y*
-3.71%
5Y*
3.72%
10Y*
9.57%

IYW

1D
0.32%
1M
2.17%
6M
24.04%
YTD
25.32%
1Y
43.02%
3Y*
32.58%
5Y*
20.14%
10Y*
25.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HAE vs. IYW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HAE
Haemonetics Corporation		-4.94%2.65%-8.69%8.72%48.28%-55.33%3.35%14.84%72.26%44.48%
IYW
iShares U.S. Technology ETF		25.32%25.38%30.25%65.44%-34.83%35.44%47.45%46.64%-0.93%36.60%

Correlation

The correlation between HAE and IYW is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.12

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.30

Correlation (10Y)
Calculated over the trailing 10-year period

0.35

Correlation (All Time)
Calculated using the full available price history since May 19, 2000

0.37

Over the past year, the correlation between HAE and IYW has dropped to 0.12 - well below their long-term average of 0.37, 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.

Haemonetics Corporation

iShares U.S. Technology ETF

Often compared with HAE:
HAE vs. SPYHAE vs. SPYDHAE vs. GOOGHAE vs. ALGNHAE vs. PRFHAE vs. ONHAE vs. SCHF
Often compared with IYW:
IYW vs. VGTIYW vs. QQQIYW vs. XLKIYW vs. IGMIYW vs. SMHIYW vs. SOXXIYW vs. IWF

Return for Risk

HAE vs. IYW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HAE
HAE Risk / Return Rank: 4343
Overall Rank
HAE Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
HAE Sortino Ratio Rank: 4242
Sortino Ratio Rank
HAE Omega Ratio Rank: 4545
Omega Ratio Rank
HAE Calmar Ratio Rank: 4343
Calmar Ratio Rank
HAE Martin Ratio Rank: 4343
Martin Ratio Rank
IYW
IYW Risk / Return Rank: 6464
Overall Rank
IYW Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IYW Sortino Ratio Rank: 6666
Sortino Ratio Rank
IYW Omega Ratio Rank: 6767
Omega Ratio Rank
IYW Calmar Ratio Rank: 6060
Calmar Ratio Rank
IYW Martin Ratio Rank: 5454
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HAE vs. IYW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Haemonetics Corporation (HAE) 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.

HAEIYWDifference
Sharpe ratioReturn per unit of total volatility
-0.05
1.87

-1.92

Sortino ratioReturn per unit of downside risk
0.33
2.43

-2.10

Omega ratioGain probability vs. loss probability

1.05

1.32

-0.26

Calmar ratioReturn relative to maximum drawdown

-0.06

2.40

-2.46

Martin ratioReturn relative to average drawdown

-0.10

7.47

-7.57

HAE vs. IYW - Sharpe Ratio Comparison

The current HAE Sharpe Ratio is -0.05, which is lower than the IYW Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of HAE and IYW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HAE vs. IYW - Drawdown Comparison

The maximum HAE drawdown since its inception was -68.62%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for HAE and IYW.

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Drawdown Indicators

HAEIYWDifference

Max Drawdown

Largest peak-to-trough decline

-68.62%

-81.90%

+13.28%

Max Drawdown (1Y)

Largest decline over 1 year

-40.06%

-17.81%

-22.25%

Max Drawdown (3Y)

Largest decline over 3 years

-51.04%

-26.47%

-24.57%

Max Drawdown (5Y)

Largest decline over 5 years

-51.04%

-39.44%

-11.60%

Max Drawdown (10Y)

Largest decline over 10 years

-68.62%

-39.44%

-29.18%

Current Drawdown

Current decline from peak

-45.38%

-3.76%

-41.62%

Average Drawdown

Average peak-to-trough decline

-23.91%

-34.54%

+10.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

25.93%

5.70%

+20.23%

Volatility

HAE vs. IYW - Volatility Comparison

Haemonetics Corporation (HAE) and iShares U.S. Technology ETF (IYW) have volatilities of 9.65% and 9.87%, 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

HAEIYWDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.65%

9.87%

-0.22%

Volatility (6M)

Calculated over the trailing 6-month period

28.05%

19.15%

+8.90%

Volatility (1Y)

Calculated over the trailing 1-year period

53.89%

22.83%

+31.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

39.99%

26.33%

+13.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

39.99%

25.27%

+14.72%

Dividends

HAE vs. IYW - Dividend Comparison

HAE has not paid dividends to shareholders, while IYW's dividend yield for the trailing twelve months is around 0.10%.

PositionTTM20252024202320222021202020192018201720162015
HAE
Haemonetics Corporation		0.00%0.00%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

HAE and IYW have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IYW has higher volatility (9.87%) compared to HAE (9.65%). In terms of maximum drawdown, HAE dropped -68.62% vs IYW's -81.90%.

IYW currently has the higher Sharpe Ratio (1.87 vs -0.05), 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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