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 -6.15%/yr vs 25.94%/yr for IYW. At a 0.17 correlation, their price movements are largely independent.
Performance
IGC vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, IGC achieves a -5.83% return, which is significantly lower than IYW's 21.96% return. Over the past 10 years, IGC has underperformed IYW with an annualized return of -6.15%, while IYW has yielded a comparatively higher 25.94% annualized return.
IGC
- 1D
- -0.60%
- 1M
- -7.99%
- YTD
- -5.83%
- 6M
- -12.54%
- 1Y
- -13.23%
- 3Y*
- -4.89%
- 5Y*
- -30.63%
- 10Y*
- -6.15%
IYW
- 1D
- -3.91%
- 1M
- 0.69%
- YTD
- 21.96%
- 6M
- 20.43%
- 1Y
- 47.04%
- 3Y*
- 32.10%
- 5Y*
- 20.32%
- 10Y*
- 25.94%
IGC vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGC India Globalization Capital, Inc. | -5.83% | -16.25% | 19.96% | -11.95% | -67.42% | -37.40% | 147.62% | 125.00% | -72.00% | 257.14% |
IYW iShares U.S. Technology ETF | 21.96% | 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 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2006 | 0.17 |
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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 | -2.35 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.36 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 2.65 | -2.94 |
| Martin ratioReturn relative to average drawdown | -0.44 | 8.46 | -8.90 |
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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 | -47.15% | -17.81% | -29.34% |
Max Drawdown (3Y)Largest decline over 3 years | -63.99% | -26.47% | -37.52% |
Max Drawdown (5Y)Largest decline over 5 years | -91.13% | -39.44% | -51.69% |
Max Drawdown (10Y)Largest decline over 10 years | -98.09% | -39.44% | -58.65% |
Current DrawdownCurrent decline from peak | -99.55% | -6.35% | -93.20% |
Average DrawdownAverage peak-to-trough decline | -85.09% | -34.59% | -50.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.37% | 5.57% | +24.80% |
Volatility
IGC vs. IYW - Volatility Comparison
The current volatility for India Globalization Capital, Inc. (IGC) is 9.60%, while iShares U.S. Technology ETF (IYW) has a volatility of 11.15%. This indicates that IGC experiences smaller price fluctuations and is considered to be less risky 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 | 9.60% | 11.15% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 34.68% | 18.45% | +16.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.04% | 22.34% | +35.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.21% | 26.24% | +63.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 208.85% | 25.26% | +183.59% |
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 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (11.15%) compared to IGC (9.60%). In terms of maximum drawdown, IGC dropped -99.76% vs IYW's -81.90%.
IYW currently has the higher Sharpe Ratio (2.12 vs -0.23), 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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