IGV vs. AMZN
IGV (iShares Expanded Tech-Software Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while AMZN (Amazon.com, Inc) is a stock. Over the past 10 years, IGV returned 15.87%/yr vs 20.83%/yr for AMZN. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
IGV vs. AMZN - 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 AMZN's 3.35% return. Over the past 10 years, IGV has underperformed AMZN with an annualized return of 15.87%, while AMZN has yielded a comparatively higher 20.83% annualized return.
IGV
- 1D
- -0.24%
- 1M
- 2.37%
- YTD
- -14.18%
- 6M
- -16.00%
- 1Y
- -15.27%
- 3Y*
- 10.04%
- 5Y*
- 3.91%
- 10Y*
- 15.87%
AMZN
- 1D
- -1.23%
- 1M
- -11.69%
- YTD
- 3.35%
- 6M
- 5.46%
- 1Y
- 11.87%
- 3Y*
- 23.49%
- 5Y*
- 7.35%
- 10Y*
- 20.83%
IGV vs. AMZN - 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% |
AMZN Amazon.com, Inc | 3.35% | 5.21% | 44.39% | 80.88% | -49.62% | 2.38% | 76.26% | 23.03% | 28.43% | 55.96% |
Correlation
The correlation between IGV and AMZN is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2001 | 0.59 |
Over the past year, the correlation between IGV and AMZN has dropped to 0.36 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
IGV vs. AMZN — Risk / Return Rank
IGV
AMZN
IGV vs. AMZN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) and Amazon.com, Inc (AMZN). 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 | AMZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.09 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 0.55 | -0.97 |
| Martin ratioReturn relative to average drawdown | -0.87 | 1.29 | -2.16 |
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Drawdowns
IGV vs. AMZN - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for IGV and AMZN.
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Drawdown Indicators
| IGV | AMZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -94.40% | +30.95% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -21.74% | -14.87% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -30.88% | -5.73% |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | -56.15% | +10.30% |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | -56.15% | +10.30% |
Current DrawdownCurrent decline from peak | -23.00% | -13.25% | -9.75% |
Average DrawdownAverage peak-to-trough decline | -14.45% | -28.19% | +13.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.55% | 9.21% | +8.34% |
Volatility
IGV vs. AMZN - Volatility Comparison
iShares Expanded Tech-Software Sector ETF (IGV) has a higher volatility of 12.57% compared to Amazon.com, Inc (AMZN) at 7.92%. This indicates that IGV's price experiences larger fluctuations and is considered to be riskier than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGV | AMZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 7.92% | +4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 24.80% | 20.73% | +4.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.06% | 30.13% | -2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.92% | 35.53% | -7.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.39% | 32.48% | -6.09% |
Dividends
IGV vs. AMZN - Dividend Comparison
Neither IGV nor AMZN has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMZN Amazon.com, 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% |
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 AMZN have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGV has higher volatility (12.57%) compared to AMZN (7.92%). In terms of maximum drawdown, IGV dropped -63.45% vs AMZN's -94.40%.
AMZN currently has the higher Sharpe Ratio (0.40 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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