IETC vs. IYW
IETC (iShares U.S. Tech Independence Focused ETF) and IYW (iShares U.S. Technology ETF) are both Technology Equities funds from iShares. IETC is actively managed, while IYW is passively managed. Over the past 5 years, IETC returned 15.70%/yr vs 21.45%/yr for IYW. With a 0.96 correlation, they move nearly in lockstep. IETC charges 0.18%/yr vs 0.38%/yr for IYW.
Performance
IETC vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, IETC achieves a 6.94% return, which is significantly lower than IYW's 26.93% return.
IETC
- 1D
- -0.84%
- 1M
- 0.10%
- YTD
- 6.94%
- 6M
- 5.46%
- 1Y
- 22.17%
- 3Y*
- 27.11%
- 5Y*
- 15.70%
- 10Y*
- —
IYW
- 1D
- -0.11%
- 1M
- 4.79%
- YTD
- 26.93%
- 6M
- 26.17%
- 1Y
- 54.53%
- 3Y*
- 33.87%
- 5Y*
- 21.45%
- 10Y*
- 26.44%
IETC vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IETC iShares U.S. Tech Independence Focused ETF | 6.94% | 19.56% | 37.57% | 54.35% | -32.78% | 29.73% | 46.59% | 43.09% | -3.75% |
IYW iShares U.S. Technology ETF | 26.93% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -5.50% |
Correlation
The correlation between IETC and IYW is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018 | 0.96 |
The correlation between IETC and IYW has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
IETC vs. IYW — Risk / Return Rank
IETC
IYW
IETC vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Independence Focused ETF (IETC) 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.
| IETC | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.42 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 3.08 | -2.03 |
| Martin ratioReturn relative to average drawdown | 2.87 | 9.84 | -6.97 |
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Drawdowns
IETC vs. IYW - Drawdown Comparison
The maximum IETC drawdown since its inception was -38.48%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for IETC and IYW.
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Drawdown Indicators
| IETC | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.48% | -81.90% | +43.42% |
Max Drawdown (1Y)Largest decline over 1 year | -21.19% | -17.81% | -3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -25.17% | -26.47% | +1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -38.48% | -39.44% | +0.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.44% | — |
Current DrawdownCurrent decline from peak | -8.21% | -2.53% | -5.68% |
Average DrawdownAverage peak-to-trough decline | -8.14% | -34.60% | +26.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.76% | 5.56% | +2.20% |
Volatility
IETC vs. IYW - Volatility Comparison
iShares U.S. Tech Independence Focused ETF (IETC) and iShares U.S. Technology ETF (IYW) have volatilities of 10.48% and 10.30%, 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
| IETC | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.48% | 10.30% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 18.02% | 18.02% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.63% | 22.00% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.81% | 26.18% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.47% | 25.26% | +0.21% |
IETC vs. IYW - Expense Ratio Comparison
IETC has a 0.18% expense ratio, which is lower than IYW's 0.38% expense ratio.
Dividends
IETC vs. IYW - Dividend Comparison
IETC's dividend yield for the trailing twelve months is around 0.39%, more than IYW's 0.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IETC iShares U.S. Tech Independence Focused ETF | 0.39% | 0.38% | 0.52% | 0.79% | 0.92% | 0.73% | 0.48% | 0.95% | 1.27% | 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 0.92, IETC 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.
IETC has higher volatility (10.48%) compared to IYW (10.30%). In terms of maximum drawdown, IETC dropped -38.48% vs IYW's -81.90%.
On 5-year performance, IYW leads with 21.45% vs 15.70% for IETC. On fees, IETC is cheaper at 0.18% per year. On volatility, IYW has been the lower-risk option at 10.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IYW has performed better with a 21.45% return vs 15.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IETC is cheaper with a 0.18% expense ratio, compared with 0.38% for IYW.
IETC has the higher dividend yield at 0.39%, compared with 0.10% for IYW.
Their fees differ too: 0.18% for IETC and 0.38% for IYW.
IYW currently has the higher Sharpe Ratio (2.50 vs 0.99), 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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