IGM vs. TDV

Last updated Aug 4, 2026

IGM (iShares Expanded Tech Sector ETF) and TDV (ProShares S&P Technology Dividend Aristocrats ETF) are both Technology Equities funds - IGM tracks the S&P North American Expanded Technology Sector Index while TDV tracks the S&P Technology Dividend Aristocrats Index. Both are passively managed. Over the past 5 years, IGM returned 18.11%/yr vs 11.63%/yr for TDV. Their correlation of 0.85 means they have usually moved in the same direction. IGM charges 0.39%/yr vs 0.45%/yr for TDV.

Performance

IGM vs. TDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech Sector ETF (IGM) and ProShares S&P Technology Dividend Aristocrats ETF (TDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGM achieves a 21.55% return, which is significantly higher than TDV's 15.84% return.

IGM

• 1D: 2.20%
• 1M: 0.03%
• 6M: 20.71%
• YTD: 21.55%
• 1Y: 38.56%
• 3Y*: 33.72%
• 5Y*: 18.11%
• 10Y*: 23.41%
• ALL TIME*: 12.48%

TDV

• 1D: 0.74%
• 1M: 0.16%
• 6M: 10.79%
• YTD: 15.84%
• 1Y: 23.40%
• 3Y*: 16.36%
• 5Y*: 11.63%
• 10Y*: —
• ALL TIME*: 15.80%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IGM iShares Expanded Tech Sector ETF	$47.27M	$46.48M	$81.75M
TDV ProShares S&P Technology Dividend Aristocrats ETF	$563.42K	$555.21K	$605.15K

IGM vs. TDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IGM iShares Expanded Tech Sector ETF	21.55%	26.76%	36.99%	60.68%	-35.83%	25.72%	45.11%	6.80%
TDV ProShares S&P Technology Dividend Aristocrats ETF	15.84%	16.05%	9.72%	27.29%	-15.94%	28.29%	29.00%	2.86%

Correlation

The correlation between IGM and TDV is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.85

The correlation between IGM and TDV has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

IGM vs. TDV - Sectors Allocation Comparison

Sectors	IGM	TDV
Technology	85.2%	90.3%
Communication Services	14.1%	-
Industrials	0.3%	4.6%
Financial Services	0.2%	5.1%
Energy	0.0%	-
Consumer Cyclical	0.0%	-
Basic Materials	0.0%	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

IGM vs. TDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IGM

IGM Risk / Return Rank: 63
IGM Sharpe Ratio Rank: 68
IGM Sortino Ratio Rank: 63
IGM Omega Ratio Rank: 61
IGM Calmar Ratio Rank: 66
IGM Martin Ratio Rank: 56

TDV

TDV Risk / Return Rank: 52
TDV Sharpe Ratio Rank: 48
TDV Sortino Ratio Rank: 45
TDV Omega Ratio Rank: 45
TDV Calmar Ratio Rank: 68
TDV Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IGM vs. TDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) and ProShares S&P Technology Dividend Aristocrats ETF (TDV). 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	TDV	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.22	+0.38
Sortino ratio: Return per unit of downside risk	2.14	1.70	+0.44
Omega ratio: Gain probability vs. loss probability	1.27	1.22	+0.05
Calmar ratio: Return relative to maximum drawdown	2.36	2.46	-0.10
Martin ratio: Return relative to average drawdown	6.77	6.43	+0.35

IGM vs. TDV - Sharpe Ratio Comparison

The current IGM Sharpe Ratio is 1.59, which is higher than the TDV Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of IGM and TDV, 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. TDV - Drawdown Comparison

The maximum IGM drawdown since its inception was -65.59%, which is greater than TDV's maximum drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for IGM and TDV.

Drawdown Indicators

	IGM	TDV	Difference
Max Drawdown Largest peak-to-trough decline	-65.59%	-32.78%	-32.81%
Max Drawdown (1Y) Largest decline over 1 year	-16.44%	-9.55%	-6.89%
Max Drawdown (3Y) Largest decline over 3 years	-26.39%	-22.51%	-3.88%
Max Drawdown (5Y) Largest decline over 5 years	-40.68%	-25.11%	-15.57%
Max Drawdown (10Y) Largest decline over 10 years	-40.68%	—	—
Current Drawdown Current decline from peak	-8.21%	-6.28%	-1.93%
Average Drawdown Average peak-to-trough decline	-15.18%	-5.37%	-9.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.71%	3.65%	+2.06%

Volatility

IGM vs. TDV - Volatility Comparison

iShares Expanded Tech Sector ETF (IGM) has a higher volatility of 8.47% compared to ProShares S&P Technology Dividend Aristocrats ETF (TDV) at 5.20%. This indicates that IGM's price experiences larger fluctuations and is considered to be riskier than TDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGM	TDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.47%	5.20%	+3.27%
Volatility (6M) Calculated over the trailing 6-month period	20.36%	15.28%	+5.08%
Volatility (1Y) Calculated over the trailing 1-year period	24.40%	19.38%	+5.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.36%	20.83%	+5.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.85%	23.26%	+1.59%

IGM vs. TDV - Expense Ratio Comparison

IGM has a 0.39% expense ratio, which is lower than TDV's 0.45% expense ratio.

Dividends

IGM vs. TDV - Dividend Comparison

IGM's dividend yield for the trailing twelve months is around 0.14%, less than TDV's 1.05% 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%
TDV ProShares S&P Technology Dividend Aristocrats ETF	1.05%	1.09%	1.16%	1.16%	1.67%	1.08%	1.10%	0.11%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IGM and TDV in my portfolio?

IGM and TDV have a correlation of 0.83, 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 TDV?

IGM has higher volatility (8.47%) compared to TDV (5.20%). In terms of maximum drawdown, IGM dropped -65.59% vs TDV's -32.78%.

Which ETF is better, IGM or TDV?

On 5-year performance, IGM leads with 18.11% vs 11.63% for TDV. On fees, IGM is cheaper at 0.39% per year. On volatility, TDV has been the lower-risk option at 5.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGM or TDV?

Over the 5-year period, IGM has performed better with a 18.11% return vs 11.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGM or TDV?

IGM is cheaper with a 0.39% expense ratio, compared with 0.45% for TDV.

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

TDV has the higher dividend yield at 1.05%, compared with 0.14% for IGM.

What is the main difference between IGM and TDV?

IGM tracks S&P North American Expanded Technology Sector Index, while TDV tracks S&P Technology Dividend Aristocrats Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.39% for IGM and 0.45% for TDV.

Which has better risk-adjusted returns?

IGM currently has the higher Sharpe Ratio (1.59 vs 1.22), 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.