IETC vs. IYW
Compare and contrast key facts about iShares Evolved U.S. Technology ETF (IETC) and iShares U.S. Technology ETF (IYW).
IETC and IYW 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. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IETC or IYW.
Performance
IETC vs. IYW - Performance Comparison
Returns By Period
In the year-to-date period, IETC achieves a 30.28% return, which is significantly higher than IYW's 26.93% return.
IETC
30.28%
0.52%
14.85%
39.67%
21.99%
N/A
IYW
26.93%
0.87%
12.82%
34.37%
23.49%
20.46%
Key characteristics
| IETC | IYW | |
|---|---|---|
| Sharpe Ratio | 2.11 | 1.66 |
| Sortino Ratio | 2.76 | 2.20 |
| Omega Ratio | 1.38 | 1.30 |
| Calmar Ratio | 3.44 | 2.19 |
| Martin Ratio | 13.38 | 7.58 |
| Ulcer Index | 2.96% | 4.66% |
| Daily Std Dev | 18.79% | 21.18% |
| Max Drawdown | -38.48% | -81.89% |
| Current Drawdown | -3.69% | -3.55% |
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IETC vs. IYW - Expense Ratio Comparison
IETC has a 0.18% expense ratio, which is lower than IYW's 0.42% expense ratio.
Correlation
The correlation between IETC and IYW 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. IYW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Evolved U.S. Technology 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.
Dividends
IETC vs. IYW - Dividend Comparison
IETC's dividend yield for the trailing twelve months is around 0.57%, more than IYW's 0.42% 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% |
IYW iShares U.S. Technology ETF | 0.42% | 0.53% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% | 1.06% |
Drawdowns
IETC vs. IYW - Drawdown Comparison
The maximum IETC drawdown since its inception was -38.48%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for IETC and IYW. For additional features, visit the drawdowns tool.
Volatility
IETC vs. IYW - Volatility Comparison
iShares Evolved U.S. Technology ETF (IETC) and iShares U.S. Technology ETF (IYW) have volatilities of 6.19% and 6.50%, 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.