IETC vs. FMCB

Last updated Apr 3, 2026

Compare and contrast key facts about iShares Evolved U.S. Technology ETF (IETC) and Farmers & Merchants Bancorp (FMCB).

IETC is an actively managed fund by iShares. It was launched on Mar 21, 2018.

Performance

IETC vs. FMCB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Evolved U.S. Technology ETF (IETC) and Farmers & Merchants Bancorp (FMCB). The values are adjusted to include any dividend payments, if applicable.

IETC vs. FMCB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IETC iShares Evolved U.S. Technology ETF	-11.45%	19.56%	37.57%	54.35%	-32.78%	29.73%	46.59%	43.09%	-3.52%
FMCB Farmers & Merchants Bancorp	3.95%	6.83%	2.04%	2.51%	11.29%	28.38%	1.00%	11.65%	9.85%

Returns By Period

In the year-to-date period, IETC achieves a -11.45% return, which is significantly lower than FMCB's 3.95% return.

IETC

• 1D: 0.82%
• 1M: -1.52%
• YTD: -11.45%
• 6M: -12.62%
• 1Y: 18.17%
• 3Y*: 24.73%
• 5Y*: 13.43%
• 10Y*: —

FMCB

• 1D: 0.00%
• 1M: -2.11%
• YTD: 3.95%
• 6M: 10.50%
• 1Y: 17.71%
• 3Y*: 6.31%
• 5Y*: 10.09%
• 10Y*: 10.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

IETC vs. FMCB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IETC

IETC Risk / Return Rank: 32
IETC Sharpe Ratio Rank: 33
IETC Sortino Ratio Rank: 36
IETC Omega Ratio Rank: 34
IETC Calmar Ratio Rank: 29
IETC Martin Ratio Rank: 27

FMCB

FMCB Risk / Return Rank: 76
FMCB Sharpe Ratio Rank: 75
FMCB Sortino Ratio Rank: 71
FMCB Omega Ratio Rank: 72
FMCB Calmar Ratio Rank: 80
FMCB Martin Ratio Rank: 81

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.

IETC vs. FMCB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Evolved U.S. Technology ETF (IETC) and Farmers & Merchants Bancorp (FMCB). 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.

	IETC	FMCB	Difference
Sharpe ratio Return per unit of total volatility	0.69	1.10	-0.42
Sortino ratio Return per unit of downside risk	1.15	1.70	-0.55
Omega ratio Gain probability vs. loss probability	1.15	1.24	-0.09
Calmar ratio Return relative to maximum drawdown	0.91	2.53	-1.62
Martin ratio Return relative to average drawdown	2.69	6.79	-4.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IETC vs. FMCB - Sharpe Ratio Comparison

The current IETC Sharpe Ratio is 0.69, which is lower than the FMCB Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of IETC and FMCB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IETC	FMCB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	1.10	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.47	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.40	+0.34

Correlation

The correlation between IETC and FMCB is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IETC vs. FMCB - Dividend Comparison

IETC's dividend yield for the trailing twelve months is around 0.44%, less than FMCB's 2.13% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IETC iShares Evolved U.S. Technology ETF	0.44%	0.38%	0.52%	0.79%	0.92%	0.73%	0.48%	0.95%	1.27%	0.00%	0.00%	0.00%
FMCB Farmers & Merchants Bancorp	2.13%	1.74%	1.71%	1.62%	1.54%	1.59%	1.94%	1.85%	1.99%	2.00%	2.05%	2.39%

Drawdowns

IETC vs. FMCB - Drawdown Comparison

The maximum IETC drawdown since its inception was -38.48%, smaller than the maximum FMCB drawdown of -42.00%. Use the drawdown chart below to compare losses from any high point for IETC and FMCB.

Drawdown Indicators

	IETC	FMCB	Difference
Max Drawdown Largest peak-to-trough decline	-38.48%	-42.00%	+3.52%
Max Drawdown (1Y) Largest decline over 1 year	-21.19%	-7.17%	-14.02%
Max Drawdown (5Y) Largest decline over 5 years	-38.48%	-16.91%	-21.57%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.24%	—
Current Drawdown Current decline from peak	-16.57%	-3.74%	-12.83%
Average Drawdown Average peak-to-trough decline	-8.21%	-9.70%	+1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.19%	2.67%	+4.52%

Volatility

IETC vs. FMCB - Volatility Comparison

iShares Evolved U.S. Technology ETF (IETC) has a higher volatility of 7.82% compared to Farmers & Merchants Bancorp (FMCB) at 5.47%. This indicates that IETC's price experiences larger fluctuations and is considered to be riskier than FMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IETC	FMCB	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.82%	5.47%	+2.35%
Volatility (6M) Calculated over the trailing 6-month period	16.80%	11.96%	+4.84%
Volatility (1Y) Calculated over the trailing 1-year period	26.60%	16.13%	+10.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.39%	21.72%	+2.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.42%	21.38%	+4.04%