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IETC vs. FMCB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IETC vs. FMCB

Last updated Jun 4, 2026

IETC (iShares Evolved U.S. Technology ETF) is Technology Equities fund actively managed by iShares, while FMCB (Farmers & Merchants Bancorp) is a stock. Over the past 5 years, IETC returned 18.23%/yr vs 10.05%/yr for FMCB. At a 0.02 correlation, their price movements are largely independent.

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.

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Returns By Period

In the year-to-date period, IETC achieves a 13.88% return, which is significantly lower than FMCB's 18.41% return.

IETC

1D
-2.13%
1M
11.52%
YTD
13.88%
6M
12.87%
1Y
30.45%
3Y*
30.53%
5Y*
18.23%
10Y*
—

FMCB

1D
-0.15%
1M
0.00%
YTD
18.41%
6M
22.30%
1Y
34.08%
3Y*
12.15%
5Y*
10.05%
10Y*
9.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IETC vs. FMCB - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IETC
iShares Evolved U.S. Technology ETF		13.88%19.56%37.57%54.35%-32.78%29.73%46.59%43.09%-3.52%
FMCB
Farmers & Merchants Bancorp		18.41%6.83%2.04%2.51%11.29%28.38%1.00%11.65%9.85%

Correlation

The correlation between IETC and FMCB is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.11

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

0.05

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

0.04

Correlation (All Time)
Calculated using the full available price history since Mar 26, 2018

0.02

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Evolved U.S. Technology ETF

Farmers & Merchants Bancorp

Often compared with IETC:
IETC vs. IYWIETC vs. IGMIETC vs. VGTIETC vs. ARTYIETC vs. IXNIETC vs. SCHGIETC vs. SPY
Often compared with FMCB:
FMCB vs. FNFFMCB vs. SCHDFMCB vs. ARCCFMCB vs. AGMFMCB vs. CVXFMCB vs. MOFMCB vs. JPM

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: 3434
Overall Rank
IETC Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
IETC Sortino Ratio Rank: 3838
Sortino Ratio Rank
IETC Omega Ratio Rank: 3737
Omega Ratio Rank
IETC Calmar Ratio Rank: 2929
Calmar Ratio Rank
IETC Martin Ratio Rank: 2828
Martin Ratio Rank
FMCB
FMCB Risk / Return Rank: 8888
Overall Rank
FMCB Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
FMCB Sortino Ratio Rank: 8787
Sortino Ratio Rank
FMCB Omega Ratio Rank: 8787
Omega Ratio Rank
FMCB Calmar Ratio Rank: 9090
Calmar Ratio Rank
FMCB Martin Ratio Rank: 9191
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.

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.

IETCFMCBDifference
Sharpe ratioReturn per unit of total volatility
1.46
1.84

-0.38

Sortino ratioReturn per unit of downside risk
1.98
2.92

-0.94

Omega ratioGain probability vs. loss probability

1.25

1.39

-0.14

Calmar ratioReturn relative to maximum drawdown

1.44

4.77

-3.33

Martin ratioReturn relative to average drawdown

4.06

13.79

-9.72

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 1.46, which is comparable to the FMCB Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of IETC and FMCB, 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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Sharpe Ratios by Period

IETCFMCBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.46

1.84

-0.38

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

0.49

+0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.46

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.87

0.42

+0.45

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.

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Drawdown Indicators

IETCFMCBDifference

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 (3Y)

Largest decline over 3 years

-25.17%

-14.32%

-10.85%

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

-2.25%

-6.59%

+4.34%

Average Drawdown

Average peak-to-trough decline

-8.14%

-9.65%

+1.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.51%

2.48%

+5.03%

Volatility

IETC vs. FMCB - Volatility Comparison

The current volatility for iShares Evolved U.S. Technology ETF (IETC) is 6.43%, while Farmers & Merchants Bancorp (FMCB) has a volatility of 10.13%. This indicates that IETC experiences smaller price fluctuations and is considered to be less risky than FMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IETCFMCBDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.43%

10.13%

-3.70%

Volatility (6M)

Calculated over the trailing 6-month period

16.49%

14.86%

+1.63%

Volatility (1Y)

Calculated over the trailing 1-year period

21.04%

18.62%

+2.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.53%

20.81%

+3.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.37%

20.85%

+4.52%

Dividends

IETC vs. FMCB - Dividend Comparison

IETC's dividend yield for the trailing twelve months is around 0.34%, less than FMCB's 1.87% yield.

PositionTTM20252024202320222021202020192018201720162015
FMCB
Farmers & Merchants Bancorp		1.87%1.74%1.71%1.62%1.54%1.59%1.94%1.85%1.99%2.00%2.05%2.39%
IETC
iShares Evolved U.S. Technology ETF		0.34%0.38%0.52%0.79%0.92%0.73%0.48%0.95%1.27%0.00%0.00%0.00%

Frequently Asked Questions

IETC and FMCB have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FMCB has higher volatility (10.13%) compared to IETC (6.43%). In terms of maximum drawdown, IETC dropped -38.48% vs FMCB's -42.00%.

FMCB currently has the higher Sharpe Ratio (1.84 vs 1.46), 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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