IGM vs. GOOG
Compare and contrast key facts about iShares Expanded Tech Sector ETF (IGM) and Alphabet Inc. (GOOG).
IGM is a passively managed fund by iShares that tracks the performance of the S&P North American Technology Sector Index. It was launched on Mar 13, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGM or GOOG.
Performance
IGM vs. GOOG - Performance Comparison
Returns By Period
In the year-to-date period, IGM achieves a 34.44% return, which is significantly higher than GOOG's 27.74% return. Both investments have delivered pretty close results over the past 10 years, with IGM having a 20.20% annualized return and GOOG not far ahead at 21.04%.
IGM
34.44%
2.25%
13.02%
41.92%
21.66%
20.20%
GOOG
27.74%
8.80%
0.27%
30.53%
22.65%
21.04%
Key characteristics
| IGM | GOOG | |
|---|---|---|
| Sharpe Ratio | 2.09 | 1.19 |
| Sortino Ratio | 2.73 | 1.69 |
| Omega Ratio | 1.37 | 1.23 |
| Calmar Ratio | 2.97 | 1.41 |
| Martin Ratio | 10.72 | 3.57 |
| Ulcer Index | 4.10% | 8.81% |
| Daily Std Dev | 21.00% | 26.39% |
| Max Drawdown | -65.59% | -44.60% |
| Current Drawdown | -2.02% | -6.67% |
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Correlation
The correlation between IGM and GOOG is 0.77, 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
IGM vs. GOOG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) and Alphabet Inc. (GOOG). 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
IGM vs. GOOG - Dividend Comparison
IGM's dividend yield for the trailing twelve months is around 0.31%, more than GOOG's 0.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGM iShares Expanded Tech Sector ETF | 0.31% | 0.39% | 0.53% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% | 0.88% | 0.78% |
GOOG Alphabet Inc. | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IGM vs. GOOG - Drawdown Comparison
The maximum IGM drawdown since its inception was -65.59%, which is greater than GOOG's maximum drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for IGM and GOOG. For additional features, visit the drawdowns tool.
Volatility
IGM vs. GOOG - Volatility Comparison
The current volatility for iShares Expanded Tech Sector ETF (IGM) is 6.43%, while Alphabet Inc. (GOOG) has a volatility of 7.76%. This indicates that IGM experiences smaller price fluctuations and is considered to be less risky than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.