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.
Key characteristics
| IGM | GOOG | |
|---|---|---|
| YTD Return | 12.60% | 19.91% |
| 1Y Return | 55.81% | 60.62% |
| 3Y Return (Ann) | 12.95% | 12.83% |
| 5Y Return (Ann) | 20.91% | 23.33% |
| 10Y Return (Ann) | 23.23% | 20.77% |
| Sharpe Ratio | 2.80 | 2.06 |
| Daily Std Dev | 19.72% | 28.77% |
| Max Drawdown | -65.59% | -44.60% |
| Current Drawdown | -3.61% | -2.71% |
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.
Performance
IGM vs. GOOG - Performance Comparison
In the year-to-date period, IGM achieves a 12.60% return, which is significantly lower than GOOG's 19.91% return. Over the past 10 years, IGM has outperformed GOOG with an annualized return of 23.23%, while GOOG has yielded a comparatively lower 20.77% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 1.74%, while GOOG has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGM iShares Expanded Tech Sector ETF | 1.74% | 2.37% | 3.16% | 0.97% | 1.93% | 2.99% | 3.45% | 3.42% | 5.40% | 4.72% | 5.25% | 4.66% |
GOOG Alphabet 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% |
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 6.97%, while Alphabet Inc. (GOOG) has a volatility of 11.54%. 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.