IGV vs. AMAT
IGV (iShares Expanded Tech-Software Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while AMAT (Applied Materials, Inc.) is a stock. Over the past 10 years, IGV returned 15.87%/yr vs 38.86%/yr for AMAT. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
IGV vs. AMAT - Performance Comparison
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Returns By Period
In the year-to-date period, IGV achieves a -14.18% return, which is significantly lower than AMAT's 121.28% return. Over the past 10 years, IGV has underperformed AMAT with an annualized return of 15.87%, while AMAT has yielded a comparatively higher 38.86% annualized return.
IGV
- 1D
- -0.24%
- 1M
- -1.18%
- YTD
- -14.18%
- 6M
- -16.00%
- 1Y
- -14.65%
- 3Y*
- 10.04%
- 5Y*
- 3.91%
- 10Y*
- 15.87%
AMAT
- 1D
- 2.64%
- 1M
- 30.08%
- YTD
- 121.28%
- 6M
- 119.38%
- 1Y
- 234.96%
- 3Y*
- 60.05%
- 5Y*
- 34.02%
- 10Y*
- 38.86%
IGV vs. AMAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | -14.18% | 5.56% | 23.41% | 58.56% | -35.65% | 12.30% | 52.86% | 34.33% | 12.44% | 42.16% |
AMAT Applied Materials, Inc. | 121.28% | 59.60% | 1.13% | 67.97% | -37.54% | 83.64% | 43.29% | 89.86% | -34.92% | 59.86% |
Correlation
The correlation between IGV and AMAT is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2001 | 0.60 |
Over the past year, the correlation between IGV and AMAT has dropped to 0.21 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
IGV vs. AMAT — Risk / Return Rank
IGV
AMAT
IGV vs. AMAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) and Applied Materials, Inc. (AMAT). 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.
| IGV | AMAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.20 | ||
| Sortino ratioReturn per unit of downside risk | -4.74 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.59 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 10.67 | -11.09 |
| Martin ratioReturn relative to average drawdown | -0.87 | 30.41 | -31.28 |
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Drawdowns
IGV vs. AMAT - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, smaller than the maximum AMAT drawdown of -85.22%. Use the drawdown chart below to compare losses from any high point for IGV and AMAT.
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Drawdown Indicators
| IGV | AMAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -85.22% | +21.77% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -21.37% | -15.24% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -49.88% | +13.27% |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | -55.14% | +9.29% |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | -55.14% | +9.29% |
Current DrawdownCurrent decline from peak | -23.00% | 0.00% | -23.00% |
Average DrawdownAverage peak-to-trough decline | -14.45% | -38.78% | +24.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.55% | 7.49% | +10.06% |
Volatility
IGV vs. AMAT - Volatility Comparison
The current volatility for iShares Expanded Tech-Software Sector ETF (IGV) is 12.57%, while Applied Materials, Inc. (AMAT) has a volatility of 20.52%. This indicates that IGV experiences smaller price fluctuations and is considered to be less risky than AMAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGV | AMAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 20.52% | -7.95% |
Volatility (6M)Calculated over the trailing 6-month period | 24.80% | 38.83% | -14.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.06% | 49.03% | -20.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.92% | 44.20% | -16.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.39% | 42.94% | -16.55% |
Dividends
IGV vs. AMAT - Dividend Comparison
IGV has not paid dividends to shareholders, while AMAT's dividend yield for the trailing twelve months is around 0.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAT Applied Materials, Inc. | 0.34% | 0.69% | 0.93% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% |
IGV iShares Expanded Tech-Software Sector ETF | 0.00% | 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
IGV and AMAT have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMAT has higher volatility (20.52%) compared to IGV (12.57%). In terms of maximum drawdown, IGV dropped -63.45% vs AMAT's -85.22%.
AMAT currently has the higher Sharpe Ratio (4.65 vs -0.55), 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.
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