IETC vs. VOX

Last updated Jun 4, 2026

IETC (iShares Evolved U.S. Technology ETF) and VOX (Vanguard Communication Services ETF) are both Technology Equities funds. IETC is actively managed, while VOX is passively managed. Over the past 5 years, IETC returned 18.23%/yr vs 7.58%/yr for VOX. A 0.79 correlation means they provide meaningful diversification when combined. IETC charges 0.18%/yr vs 0.10%/yr for VOX.

Performance

IETC vs. VOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Evolved U.S. Technology ETF (IETC) and Vanguard Communication Services ETF (VOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IETC achieves a 13.88% return, which is significantly higher than VOX's -1.38% return.

IETC

• 1D: -2.13%
• 1M: 11.52%
• YTD: 13.88%
• 6M: 12.87%
• 1Y: 30.45%
• 3Y*: 30.53%
• 5Y*: 18.23%
• 10Y*: —

VOX

• 1D: -0.84%
• 1M: -2.77%
• YTD: -1.38%
• 6M: 0.47%
• 1Y: 20.55%
• 3Y*: 24.02%
• 5Y*: 7.58%
• 10Y*: 9.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IETC vs. VOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IETC iShares Evolved U.S. Technology ETF	13.88%	19.56%	37.57%	54.35%	-32.78%	29.73%	46.59%	43.09%	-3.52%
VOX Vanguard Communication Services ETF	-1.38%	26.27%	33.12%	44.81%	-38.85%	13.83%	29.12%	28.03%	-9.09%

Correlation

The correlation between IETC and VOX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Mar 26, 2018	0.79

Over the past year, the correlation between IETC and VOX has dropped to 0.59 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

IETC vs. VOX - Sectors Allocation Comparison

Sectors	IETC	VOX
Technology	79.1%	1.2%
Communication Services	8.4%	98.4%
Consumer Cyclical	4.7%	0.2%
Industrials	3.7%	0.0%
Financial Services	3.1%	-
Real Estate	0.7%	0.1%
Healthcare	0.1%	0.0%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Utilities	-	-

Return for Risk

IETC vs. VOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IETC

IETC Risk / Return Rank: 34
IETC Sharpe Ratio Rank: 40
IETC Sortino Ratio Rank: 38
IETC Omega Ratio Rank: 37
IETC Calmar Ratio Rank: 29
IETC Martin Ratio Rank: 28

VOX

VOX Risk / Return Rank: 35
VOX Sharpe Ratio Rank: 36
VOX Sortino Ratio Rank: 38
VOX Omega Ratio Rank: 35
VOX Calmar Ratio Rank: 30
VOX Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IETC vs. VOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Evolved U.S. Technology ETF (IETC) and Vanguard Communication Services ETF (VOX). 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.

	IETC	VOX	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.34	+0.12
Sortino ratio: Return per unit of downside risk	1.98	2.00	-0.02
Omega ratio: Gain probability vs. loss probability	1.25	1.24	+0.01
Calmar ratio: Return relative to maximum drawdown	1.44	1.52	-0.08
Martin ratio: Return relative to average drawdown	4.06	5.83	-1.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IETC vs. VOX - Sharpe Ratio Comparison

The current IETC Sharpe Ratio is 1.46, which is comparable to the VOX Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of IETC and VOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IETC	VOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	1.34	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.36	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.43	+0.44

Drawdowns

IETC vs. VOX - Drawdown Comparison

The maximum IETC drawdown since its inception was -38.48%, smaller than the maximum VOX drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for IETC and VOX.

Drawdown Indicators

	IETC	VOX	Difference
Max Drawdown Largest peak-to-trough decline	-38.48%	-57.18%	+18.70%
Max Drawdown (1Y) Largest decline over 1 year	-21.19%	-13.56%	-7.63%
Max Drawdown (3Y) Largest decline over 3 years	-25.17%	-21.15%	-4.02%
Max Drawdown (5Y) Largest decline over 5 years	-38.48%	-46.76%	+8.28%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.76%	—
Current Drawdown Current decline from peak	-2.25%	-4.70%	+2.45%
Average Drawdown Average peak-to-trough decline	-8.14%	-11.91%	+3.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.51%	3.54%	+3.97%

Volatility

IETC vs. VOX - Volatility Comparison

iShares Evolved U.S. Technology ETF (IETC) has a higher volatility of 6.43% compared to Vanguard Communication Services ETF (VOX) at 4.24%. This indicates that IETC's price experiences larger fluctuations and is considered to be riskier than VOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IETC	VOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	4.24%	+2.19%
Volatility (6M) Calculated over the trailing 6-month period	16.49%	11.16%	+5.33%
Volatility (1Y) Calculated over the trailing 1-year period	21.04%	15.45%	+5.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.53%	21.15%	+3.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.37%	20.89%	+4.48%

IETC vs. VOX - Expense Ratio Comparison

IETC has a 0.18% expense ratio, which is higher than VOX's 0.10% 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%.

Dividends

IETC vs. VOX - Dividend Comparison

IETC's dividend yield for the trailing twelve months is around 0.34%, less than VOX's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IETC iShares Evolved U.S. Technology ETF	0.34%	0.38%	0.52%	0.79%	0.92%	0.73%	0.48%	0.95%	1.27%	0.00%	0.00%	0.00%
VOX Vanguard Communication Services ETF	1.00%	0.95%	1.05%	1.03%	0.88%	0.93%	0.73%	0.90%	2.77%	3.83%	2.67%	3.55%

Frequently Asked Questions

Can I hold both IETC and VOX in my portfolio?

IETC and VOX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IETC or VOX?

IETC has higher volatility (6.43%) compared to VOX (4.24%). In terms of maximum drawdown, IETC dropped -38.48% vs VOX's -57.18%.

Which ETF is better, IETC or VOX?

On 5-year performance, IETC leads with 18.23% vs 7.58% for VOX. On fees, VOX is cheaper at 0.10% per year. On volatility, VOX has been the lower-risk option at 4.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IETC or VOX?

Over the 5-year period, IETC has performed better with a 18.23% return vs 7.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IETC or VOX?

VOX is cheaper with a 0.10% expense ratio, compared with 0.18% for IETC.

Which ETF pays a higher dividend yield, IETC or VOX?

VOX has the higher dividend yield at 1.00%, compared with 0.34% for IETC.

What is the main difference between IETC and VOX?

They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for IETC and 0.10% for VOX.

Which has better risk-adjusted returns?

IETC currently has the higher Sharpe Ratio (1.46 vs 1.34), 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.