IETC vs. RDW
IETC (iShares U.S. Tech Independence Focused ETF) is Technology Equities fund actively managed by iShares, while RDW (Redwire Corporation) is a stock. Over the past 3 years, IETC returned 25.69%/yr vs 79.83%/yr for RDW. At a 0.42 correlation, their price movements are largely independent.
Performance
IETC vs. RDW - Performance Comparison
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Returns By Period
In the year-to-date period, IETC achieves a 4.48% return, which is significantly lower than RDW's 98.95% return.
IETC
- 1D
- -0.07%
- 1M
- 0.03%
- YTD
- 4.48%
- 6M
- 4.29%
- 1Y
- 17.62%
- 3Y*
- 25.69%
- 5Y*
- 15.73%
- 10Y*
- —
RDW
- 1D
- -11.53%
- 1M
- 31.94%
- YTD
- 98.95%
- 6M
- 107.41%
- 1Y
- -21.74%
- 3Y*
- 79.83%
- 5Y*
- —
- 10Y*
- —
IETC vs. RDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IETC iShares U.S. Tech Independence Focused ETF | 4.48% | 19.56% | 37.57% | 54.35% | -32.78% | 3.36% |
RDW Redwire Corporation | 98.95% | -53.83% | 477.54% | 43.94% | -70.67% | -34.15% |
Correlation
The correlation between IETC and RDW is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.42 |
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Return for Risk
IETC vs. RDW — Risk / Return Rank
IETC
RDW
IETC vs. RDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Independence Focused ETF (IETC) and Redwire Corporation (RDW). 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 | RDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.07 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | -0.29 | +1.12 |
| Martin ratioReturn relative to average drawdown | 2.30 | -0.42 | +2.72 |
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Drawdowns
IETC vs. RDW - Drawdown Comparison
The maximum IETC drawdown since its inception was -38.48%, smaller than the maximum RDW drawdown of -87.26%. Use the drawdown chart below to compare losses from any high point for IETC and RDW.
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Drawdown Indicators
| IETC | RDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.48% | -87.26% | +48.78% |
Max Drawdown (1Y)Largest decline over 1 year | -21.19% | -75.40% | +54.21% |
Max Drawdown (3Y)Largest decline over 3 years | -25.17% | -80.28% | +55.11% |
Max Drawdown (5Y)Largest decline over 5 years | -38.48% | — | — |
Current DrawdownCurrent decline from peak | -10.32% | -41.62% | +31.30% |
Average DrawdownAverage peak-to-trough decline | -8.14% | -59.30% | +51.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.67% | 51.88% | -44.21% |
Volatility
IETC vs. RDW - Volatility Comparison
The current volatility for iShares U.S. Tech Independence Focused ETF (IETC) is 9.62%, while Redwire Corporation (RDW) has a volatility of 53.68%. This indicates that IETC experiences smaller price fluctuations and is considered to be less risky than RDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IETC | RDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.62% | 53.68% | -44.06% |
Volatility (6M)Calculated over the trailing 6-month period | 17.85% | 94.49% | -76.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.11% | 118.63% | -96.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.70% | 96.83% | -72.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.44% | 96.83% | -71.39% |
Dividends
IETC vs. RDW - Dividend Comparison
IETC's dividend yield for the trailing twelve months is around 0.37%, while RDW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IETC iShares U.S. Tech Independence Focused ETF | 0.37% | 0.38% | 0.52% | 0.79% | 0.92% | 0.73% | 0.48% | 0.95% | 1.27% |
RDW Redwire Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IETC and RDW have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDW has higher volatility (53.68%) compared to IETC (9.62%). In terms of maximum drawdown, IETC dropped -38.48% vs RDW's -87.26%.
IETC currently has the higher Sharpe Ratio (0.80 vs -0.18), 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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