IETC vs. IGM
Compare and contrast key facts about iShares Evolved U.S. Technology ETF (IETC) and iShares Expanded Tech Sector ETF (IGM).
IETC and IGM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IETC is an actively managed fund by iShares. It was launched on Mar 21, 2018. IGM is a passively managed fund by iShares that tracks the performance of the S&P North American Technology Sector Index. It was launched on Mar 13, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IETC or IGM.
Performance
IETC vs. IGM - Performance Comparison
Returns By Period
In the year-to-date period, IETC achieves a 30.74% return, which is significantly lower than IGM's 33.07% return.
IETC
30.74%
0.27%
15.25%
39.83%
21.93%
N/A
IGM
33.07%
1.21%
12.99%
42.45%
21.18%
20.10%
Key characteristics
| IETC | IGM | |
|---|---|---|
| Sharpe Ratio | 2.14 | 2.03 |
| Sortino Ratio | 2.79 | 2.66 |
| Omega Ratio | 1.38 | 1.36 |
| Calmar Ratio | 3.49 | 2.87 |
| Martin Ratio | 13.52 | 10.39 |
| Ulcer Index | 2.97% | 4.09% |
| Daily Std Dev | 18.83% | 21.02% |
| Max Drawdown | -38.48% | -65.59% |
| Current Drawdown | -3.35% | -3.02% |
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IETC vs. IGM - Expense Ratio Comparison
IETC has a 0.18% expense ratio, which is lower than IGM's 0.46% expense ratio.
Correlation
The correlation between IETC and IGM is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IETC vs. IGM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Evolved U.S. Technology ETF (IETC) and iShares Expanded Tech Sector ETF (IGM). 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.
Dividends
IETC vs. IGM - Dividend Comparison
IETC's dividend yield for the trailing twelve months is around 0.57%, more than IGM's 0.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IETC iShares Evolved U.S. Technology ETF | 0.57% | 0.79% | 0.92% | 0.73% | 0.48% | 0.79% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGM iShares Expanded Tech Sector ETF | 0.31% | 0.39% | 0.53% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% | 0.88% | 0.78% |
Drawdowns
IETC vs. IGM - Drawdown Comparison
The maximum IETC drawdown since its inception was -38.48%, smaller than the maximum IGM drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for IETC and IGM. For additional features, visit the drawdowns tool.
Volatility
IETC vs. IGM - Volatility Comparison
iShares Evolved U.S. Technology ETF (IETC) and iShares Expanded Tech Sector ETF (IGM) have volatilities of 6.19% and 6.35%, 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.