IGV vs. CTAS
IGV (iShares Expanded Tech-Software Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while CTAS (Cintas Corporation) is a stock. Over the past 10 years, IGV returned 15.87%/yr vs 23.61%/yr for CTAS. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
IGV vs. CTAS - 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 CTAS's -5.80% return. Over the past 10 years, IGV has underperformed CTAS with an annualized return of 15.87%, while CTAS has yielded a comparatively higher 23.61% 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%
CTAS
- 1D
- -3.08%
- 1M
- 8.08%
- YTD
- -5.80%
- 6M
- -5.53%
- 1Y
- -20.40%
- 3Y*
- 14.43%
- 5Y*
- 15.92%
- 10Y*
- 23.61%
IGV vs. CTAS - 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% |
CTAS Cintas Corporation | -5.80% | 3.78% | 22.24% | 34.82% | 2.97% | 26.51% | 32.74% | 61.73% | 9.04% | 36.32% |
Correlation
The correlation between IGV and CTAS is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2001 | 0.57 |
Over the past year, the correlation between IGV and CTAS has dropped to 0.12 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
IGV vs. CTAS — Risk / Return Rank
IGV
CTAS
IGV vs. CTAS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) and Cintas Corporation (CTAS). 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 | CTAS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.84 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.75 | +0.33 |
| Martin ratioReturn relative to average drawdown | -0.87 | -1.31 | +0.44 |
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Drawdowns
IGV vs. CTAS - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, roughly equal to the maximum CTAS drawdown of -65.32%. Use the drawdown chart below to compare losses from any high point for IGV and CTAS.
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Drawdown Indicators
| IGV | CTAS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -65.32% | +1.87% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -27.23% | -9.38% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -27.68% | -8.93% |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | -27.68% | -18.17% |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | -48.38% | +2.53% |
Current DrawdownCurrent decline from peak | -23.00% | -21.83% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -14.45% | -15.04% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.55% | 15.61% | +1.94% |
Volatility
IGV vs. CTAS - Volatility Comparison
iShares Expanded Tech-Software Sector ETF (IGV) has a higher volatility of 12.57% compared to Cintas Corporation (CTAS) at 8.54%. This indicates that IGV's price experiences larger fluctuations and is considered to be riskier than CTAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGV | CTAS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 8.54% | +4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 24.80% | 15.74% | +9.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.06% | 20.40% | +7.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.92% | 22.60% | +5.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.39% | 26.70% | -0.31% |
Dividends
IGV vs. CTAS - Dividend Comparison
IGV has not paid dividends to shareholders, while CTAS's dividend yield for the trailing twelve months is around 1.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTAS Cintas Corporation | 1.02% | 0.89% | 0.80% | 0.83% | 0.93% | 0.77% | 0.99% | 0.95% | 1.22% | 1.04% | 1.15% | 1.15% |
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 CTAS have a correlation of 0.12, 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 CTAS (8.54%). In terms of maximum drawdown, IGV dropped -63.45% vs CTAS's -65.32%.
IGV currently has the higher Sharpe Ratio (-0.55 vs -1.00), 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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