IGM vs. IGV

Last updated Jun 24, 2026

IGM (iShares Expanded Tech Sector ETF) and IGV (iShares Expanded Tech-Software Sector ETF) are both Technology Equities funds from iShares - IGM tracks the S&P North American Expanded Technology Sector Index while IGV tracks the S&P North American Expanded Technology Software Index. Both are passively managed. Over the past 10 years, IGM returned 24.86%/yr vs 15.70%/yr for IGV. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.39% expense ratio.

Performance

IGM vs. IGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech Sector ETF (IGM) and iShares Expanded Tech-Software Sector ETF (IGV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGM achieves a 22.65% return, which is significantly higher than IGV's -17.37% return. Over the past 10 years, IGM has outperformed IGV with an annualized return of 24.86%, while IGV has yielded a comparatively lower 15.70% annualized return.

IGM

• 1D: -3.56%
• 1M: 0.74%
• YTD: 22.65%
• 6M: 21.02%
• 1Y: 47.83%
• 3Y*: 35.67%
• 5Y*: 19.25%
• 10Y*: 24.86%

IGV

• 1D: 0.01%
• 1M: -7.10%
• YTD: -17.37%
• 6M: -19.19%
• 1Y: -17.89%
• 3Y*: 9.05%
• 5Y*: 2.37%
• 10Y*: 15.70%

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

IGM vs. IGV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGM iShares Expanded Tech Sector ETF	22.65%	26.76%	36.99%	60.68%	-35.83%	25.72%	45.11%	41.81%	2.26%	37.20%
IGV iShares Expanded Tech-Software Sector ETF	-17.37%	5.56%	23.41%	58.56%	-35.65%	12.30%	52.86%	34.33%	12.44%	42.16%

Correlation

The correlation between IGM and IGV is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jul 13, 2001	0.87

Over the past year, the correlation between IGM and IGV has dropped to 0.64 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

IGM vs. IGV - Sectors Allocation Comparison

Sectors	IGM	IGV
Technology	84.5%	89.1%
Communication Services	14.4%	8.6%
Industrials	0.3%	0.1%
Financial Services	0.3%	1.9%
Energy	0.2%	-
Consumer Cyclical	0.0%	0.3%
Basic Materials	0.0%	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

IGM vs. IGV — Risk / Return Rank

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

IGM

IGM Risk / Return Rank: 61
IGM Sharpe Ratio Rank: 68
IGM Sortino Ratio Rank: 59
IGM Omega Ratio Rank: 60
IGM Calmar Ratio Rank: 61
IGM Martin Ratio Rank: 57

IGV

IGV Risk / Return Rank: 4
IGV Sharpe Ratio Rank: 4
IGV Sortino Ratio Rank: 4
IGV Omega Ratio Rank: 4
IGV Calmar Ratio Rank: 5
IGV Martin Ratio Rank: 4

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.

IGM vs. IGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) and iShares Expanded Tech-Software Sector ETF (IGV). 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.

	IGM	IGV	Difference
Sharpe ratio: Return per unit of total volatility	2.11	-0.64	+2.75
Sortino ratio: Return per unit of downside risk	2.67	-0.75	+3.42
Omega ratio: Gain probability vs. loss probability	1.36	0.91	+0.45
Calmar ratio: Return relative to maximum drawdown	2.92	-0.49	+3.41
Martin ratio: Return relative to average drawdown	9.77	-1.00	+10.77

IGM vs. IGV - Sharpe Ratio Comparison

The current IGM Sharpe Ratio is 2.11, which is higher than the IGV Sharpe Ratio of -0.64. The chart below compares the historical Sharpe Ratios of IGM and IGV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IGM vs. IGV - Drawdown Comparison

The maximum IGM drawdown since its inception was -65.59%, roughly equal to the maximum IGV drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for IGM and IGV.

Drawdown Indicators

	IGM	IGV	Difference
Max Drawdown Largest peak-to-trough decline	-65.59%	-63.45%	-2.14%
Max Drawdown (1Y) Largest decline over 1 year	-16.44%	-36.61%	+20.17%
Max Drawdown (3Y) Largest decline over 3 years	-26.39%	-36.61%	+10.22%
Max Drawdown (5Y) Largest decline over 5 years	-40.68%	-45.85%	+5.17%
Max Drawdown (10Y) Largest decline over 10 years	-40.68%	-45.85%	+5.17%
Current Drawdown Current decline from peak	-7.39%	-25.85%	+18.46%
Average Drawdown Average peak-to-trough decline	-15.21%	-14.46%	-0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	17.94%	-13.03%

Volatility

IGM vs. IGV - Volatility Comparison

The current volatility for iShares Expanded Tech Sector ETF (IGM) is 11.53%, while iShares Expanded Tech-Software Sector ETF (IGV) has a volatility of 12.71%. This indicates that IGM experiences smaller price fluctuations and is considered to be less risky than IGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGM	IGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.53%	12.71%	-1.18%
Volatility (6M) Calculated over the trailing 6-month period	18.67%	24.86%	-6.19%
Volatility (1Y) Calculated over the trailing 1-year period	22.76%	28.27%	-5.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.07%	27.97%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.71%	26.38%	-1.67%

IGM vs. IGV - Expense Ratio Comparison

Both IGM and IGV have an expense ratio of 0.39%.

Dividends

IGM vs. IGV - Dividend Comparison

IGM's dividend yield for the trailing twelve months is around 0.14%, more than IGV's 0.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGM iShares Expanded Tech Sector ETF	0.14%	0.17%	0.22%	0.33%	0.66%	0.16%	0.32%	0.50%	0.57%	0.57%	0.90%	0.79%
IGV iShares Expanded Tech-Software Sector ETF	0.02%	0.00%	0.00%	0.01%	0.01%	0.00%	0.35%	0.02%	0.16%	0.09%	0.82%	0.22%

Frequently Asked Questions

Can I hold both IGM and IGV in my portfolio?

IGM and IGV have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGM or IGV?

IGV has higher volatility (12.71%) compared to IGM (11.53%). In terms of maximum drawdown, IGM dropped -65.59% vs IGV's -63.45%.

Which ETF is better, IGM or IGV?

On 10-year performance, IGM leads with 24.86% vs 15.70% for IGV. Both ETFs have the same 0.39% expense ratio. On volatility, IGM has been the lower-risk option at 11.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGM or IGV?

Over the 10-year period, IGM has performed better with a 24.86% return vs 15.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGM or IGV?

IGM and IGV have the same expense ratio: 0.39% per year.

Which ETF pays a higher dividend yield, IGM or IGV?

IGM has the higher dividend yield at 0.14%, compared with 0.02% for IGV.

What is the main difference between IGM and IGV?

IGM tracks S&P North American Expanded Technology Sector Index, while IGV tracks S&P North American Expanded Technology Software Index.

Which has better risk-adjusted returns?

IGM currently has the higher Sharpe Ratio (2.11 vs -0.64), 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.