IGM vs. IYC

Last updated Jun 9, 2026

IGM (iShares Expanded Tech Sector ETF) and IYC (iShares U.S. Consumer Discretionary ETF) are both exchange-traded funds - IGM is a Technology Equities fund tracking the S&P North American Expanded Technology Sector Index, while IYC is a Consumer Discretionary Equities fund tracking the Dow Jones U.S. Consumer Services Index. Both are passively managed. Over the past 10 years, IGM returned 24.50%/yr vs 11.51%/yr for IYC. A 0.78 correlation means they provide meaningful diversification when combined. IGM charges 0.39%/yr vs 0.38%/yr for IYC.

Performance

IGM vs. IYC - Performance Comparison

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

Returns By Period

In the year-to-date period, IGM achieves a 23.52% return, which is significantly higher than IYC's -3.16% return. Over the past 10 years, IGM has outperformed IYC with an annualized return of 24.50%, while IYC has yielded a comparatively lower 11.51% annualized return.

IGM

• 1D: 1.82%
• 1M: 3.30%
• YTD: 23.52%
• 6M: 19.92%
• 1Y: 50.26%
• 3Y*: 36.62%
• 5Y*: 20.46%
• 10Y*: 24.50%

IYC

• 1D: 0.16%
• 1M: -2.96%
• YTD: -3.16%
• 6M: -2.65%
• 1Y: 3.32%
• 3Y*: 14.43%
• 5Y*: 6.25%
• 10Y*: 11.51%

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

IGM vs. IYC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGM iShares Expanded Tech Sector ETF	23.52%	26.76%	36.99%	60.68%	-35.83%	25.72%	45.11%	41.81%	2.26%	37.20%
IYC iShares U.S. Consumer Discretionary ETF	-3.16%	7.85%	27.54%	34.03%	-31.78%	19.65%	24.58%	27.36%	1.76%	19.87%

Correlation

The correlation between IGM and IYC is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Mar 20, 2001	0.78

Over the past year, the correlation between IGM and IYC has dropped to 0.52 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

IGM vs. IYC - Sectors Allocation Comparison

Sectors	IGM	IYC
Technology	82.8%	3.6%
Communication Services	16.8%	13.7%
Financial Services	0.2%	-
Industrials	0.2%	3.5%
Energy	0.1%	0.1%
Consumer Cyclical	0.1%	67.8%
Basic Materials	-	-
Consumer Defensive	-	11.2%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

IGM vs. IYC — Risk / Return Rank

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

IGM

IGM Risk / Return Rank: 72
IGM Sharpe Ratio Rank: 81
IGM Sortino Ratio Rank: 71
IGM Omega Ratio Rank: 74
IGM Calmar Ratio Rank: 67
IGM Martin Ratio Rank: 64

IYC

IYC Risk / Return Rank: 13
IYC Sharpe Ratio Rank: 13
IYC Sortino Ratio Rank: 12
IYC Omega Ratio Rank: 12
IYC Calmar Ratio Rank: 13
IYC Martin Ratio Rank: 13

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. IYC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) and iShares U.S. Consumer Discretionary ETF (IYC). 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.

	IGM	IYC	Difference
Sharpe ratio: Return per unit of total volatility	2.35	0.23	+2.12
Sortino ratio: Return per unit of downside risk	2.91	0.44	+2.47
Omega ratio: Gain probability vs. loss probability	1.39	1.05	+0.34
Calmar ratio: Return relative to maximum drawdown	3.07	0.28	+2.79
Martin ratio: Return relative to average drawdown	10.67	0.83	+9.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGM vs. IYC - Sharpe Ratio Comparison

The current IGM Sharpe Ratio is 2.35, which is higher than the IYC Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of IGM and IYC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IGM	IYC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	0.23	+2.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.30	+0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.00	0.58	+0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.42	+0.05

Drawdowns

IGM vs. IYC - Drawdown Comparison

The maximum IGM drawdown since its inception was -65.59%, which is greater than IYC's maximum drawdown of -53.10%. Use the drawdown chart below to compare losses from any high point for IGM and IYC.

Drawdown Indicators

	IGM	IYC	Difference
Max Drawdown Largest peak-to-trough decline	-65.59%	-53.10%	-12.49%
Max Drawdown (1Y) Largest decline over 1 year	-16.44%	-11.97%	-4.47%
Max Drawdown (3Y) Largest decline over 3 years	-26.39%	-21.62%	-4.77%
Max Drawdown (5Y) Largest decline over 5 years	-40.68%	-35.90%	-4.78%
Max Drawdown (10Y) Largest decline over 10 years	-40.68%	-35.90%	-4.78%
Current Drawdown Current decline from peak	-6.73%	-6.82%	+0.09%
Average Drawdown Average peak-to-trough decline	-15.23%	-9.95%	-5.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.73%	4.02%	+0.71%

Volatility

IGM vs. IYC - Volatility Comparison

iShares Expanded Tech Sector ETF (IGM) has a higher volatility of 9.40% compared to iShares U.S. Consumer Discretionary ETF (IYC) at 3.73%. This indicates that IGM's price experiences larger fluctuations and is considered to be riskier than IYC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGM	IYC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.40%	3.73%	+5.67%
Volatility (6M) Calculated over the trailing 6-month period	17.54%	10.53%	+7.01%
Volatility (1Y) Calculated over the trailing 1-year period	21.54%	14.29%	+7.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.84%	20.73%	+5.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.63%	19.90%	+4.73%

IGM vs. IYC - Expense Ratio Comparison

IGM has a 0.39% expense ratio, which is higher than IYC's 0.38% expense ratio.

Dividends

IGM vs. IYC - Dividend Comparison

IGM's dividend yield for the trailing twelve months is around 0.13%, less than IYC's 0.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGM iShares Expanded Tech Sector ETF	0.13%	0.17%	0.22%	0.33%	0.66%	0.16%	0.32%	0.50%	0.57%	0.57%	0.90%	0.79%
IYC iShares U.S. Consumer Discretionary ETF	0.51%	0.51%	0.47%	0.68%	0.68%	0.39%	0.65%	0.89%	0.90%	0.92%	1.10%	1.03%

Frequently Asked Questions

Can I hold both IGM and IYC in my portfolio?

IGM and IYC have a correlation of 0.52, 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 IYC?

IGM has higher volatility (9.40%) compared to IYC (3.73%). In terms of maximum drawdown, IGM dropped -65.59% vs IYC's -53.10%.

Which ETF is better, IGM or IYC?

On 10-year performance, IGM leads with 24.50% vs 11.51% for IYC. On fees, IYC is cheaper at 0.38% per year. On volatility, IYC has been the lower-risk option at 3.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGM or IYC?

Over the 10-year period, IGM has performed better with a 24.50% return vs 11.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGM or IYC?

IYC is cheaper with a 0.38% expense ratio, compared with 0.39% for IGM.

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

IYC has the higher dividend yield at 0.51%, compared with 0.13% for IGM.

What is the main difference between IGM and IYC?

IGM is categorized as Technology Equities, while IYC is Consumer Discretionary Equities. IGM tracks S&P North American Expanded Technology Sector Index, while IYC tracks Dow Jones U.S. Consumer Services Index. Their fees differ too: 0.39% for IGM and 0.38% for IYC.

Which has better risk-adjusted returns?

IGM currently has the higher Sharpe Ratio (2.35 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.