IGC vs. IYW
IGC (India Globalization Capital, Inc.) is a stock, while IYW (iShares U.S. Technology ETF) is Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Over the past 10 years, IGC returned -6.19%/yr vs 24.38%/yr for IYW. Their 0.17 correlation means their historical movements had little consistent relationship.
Performance
IGC vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, IGC achieves a -11.51% return, which is significantly lower than IYW's 19.29% return. Over the past 10 years, IGC has underperformed IYW with an annualized return of -6.19%, while IYW has yielded a comparatively higher 24.38% annualized return.
IGC
- 1D
- -0.20%
- 1M
- -11.36%
- 6M
- -7.78%
- YTD
- -11.51%
- 1Y
- -27.07%
- 3Y*
- -10.91%
- 5Y*
- -32.45%
- 10Y*
- -6.19%
- ALL TIME*
- -23.28%
IYW
- 1D
- 0.46%
- 1M
- -2.23%
- 6M
- 20.08%
- YTD
- 19.29%
- 1Y
- 34.47%
- 3Y*
- 28.25%
- 5Y*
- 18.55%
- 10Y*
- 24.38%
- ALL TIME*
- 9.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $80.89K | $101.17K | $152.23K | |
| $125.49M | $126.55M | $189.91M |
IGC vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGC India Globalization Capital, Inc. | -11.51% | -16.25% | 19.96% | -11.95% | -67.42% | -37.40% | 147.62% | 125.00% | -72.00% | 257.14% |
IYW iShares U.S. Technology ETF | 19.29% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between IGC and IYW is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2006 | 0.17 |
The correlation between IGC and IYW shifts across timeframes, from 0.17 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGC vs. IYW — Risk / Return Rank
IGC
IYW
IGC vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for India Globalization Capital, Inc. (IGC) 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.
| IGC | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.23 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 1.77 | -2.41 |
| Martin ratioReturn relative to average drawdown | -0.93 | 5.23 | -6.16 |
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Drawdowns
IGC vs. IYW - Drawdown Comparison
The maximum IGC drawdown since its inception was -99.76%, which is greater than IYW's maximum drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for IGC and IYW.
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Drawdown Indicators
| IGC | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.76% | -81.90% | -17.86% |
Max Drawdown (1Y)Largest decline over 1 year | -48.94% | -17.81% | -31.13% |
Max Drawdown (3Y)Largest decline over 3 years | -65.21% | -26.47% | -38.74% |
Max Drawdown (5Y)Largest decline over 5 years | -86.59% | -39.44% | -47.15% |
Max Drawdown (10Y)Largest decline over 10 years | -98.15% | -39.44% | -58.71% |
Current DrawdownCurrent decline from peak | -99.58% | -8.40% | -91.18% |
Average DrawdownAverage peak-to-trough decline | -85.17% | -34.48% | -50.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.18% | 6.03% | +27.15% |
Volatility
IGC vs. IYW - Volatility Comparison
India Globalization Capital, Inc. (IGC) has a higher volatility of 11.57% compared to iShares U.S. Technology ETF (IYW) at 7.86%. This indicates that IGC's price experiences larger fluctuations and is considered to be riskier than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGC | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.57% | 7.86% | +3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 32.01% | 19.90% | +12.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.54% | 23.79% | +27.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.12% | 26.47% | +52.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 208.72% | 25.36% | +183.36% |
Dividends
IGC vs. IYW - Dividend Comparison
IGC has not paid dividends to shareholders, while IYW's dividend yield for the trailing twelve months is around 0.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGC India Globalization Capital, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYW iShares U.S. Technology ETF | 0.11% | 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
IGC and IYW have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGC has higher volatility (11.57%) compared to IYW (7.86%). In terms of maximum drawdown, IGC dropped -99.76% vs IYW's -81.90%.
IYW currently has the higher Sharpe Ratio (1.33 vs -0.60), 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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