IETC vs. SPY
Compare and contrast key facts about iShares Evolved U.S. Technology ETF (IETC) and SPDR S&P 500 ETF (SPY).
IETC and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IETC or SPY.
Performance
IETC vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, IETC achieves a 30.74% return, which is significantly higher than SPY's 24.40% return.
IETC
30.74%
0.27%
15.25%
39.83%
21.93%
N/A
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| IETC | SPY | |
|---|---|---|
| Sharpe Ratio | 2.14 | 2.64 |
| Sortino Ratio | 2.79 | 3.53 |
| Omega Ratio | 1.38 | 1.49 |
| Calmar Ratio | 3.49 | 3.81 |
| Martin Ratio | 13.52 | 17.21 |
| Ulcer Index | 2.97% | 1.86% |
| Daily Std Dev | 18.83% | 12.15% |
| Max Drawdown | -38.48% | -55.19% |
| Current Drawdown | -3.35% | -2.17% |
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IETC vs. SPY - Expense Ratio Comparison
IETC has a 0.18% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between IETC and SPY is 0.89, 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Evolved U.S. Technology ETF (IETC) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
IETC's dividend yield for the trailing twelve months is around 0.57%, less than SPY's 1.20% 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% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
IETC vs. SPY - Drawdown Comparison
The maximum IETC drawdown since its inception was -38.48%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IETC and SPY. For additional features, visit the drawdowns tool.
Volatility
IETC vs. SPY - Volatility Comparison
iShares Evolved U.S. Technology ETF (IETC) has a higher volatility of 6.19% compared to SPDR S&P 500 ETF (SPY) at 4.06%. This indicates that IETC's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.