IGV vs. GOOG
IGV (iShares Expanded Tech-Software Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while GOOG (Alphabet Inc) is a stock. Over the past 10 years, IGV returned 16.44%/yr vs 26.05%/yr for GOOG. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
IGV vs. GOOG - Performance Comparison
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Returns By Period
In the year-to-date period, IGV achieves a -9.50% return, which is significantly lower than GOOG's 15.25% return. Over the past 10 years, IGV has underperformed GOOG with an annualized return of 16.44%, while GOOG has yielded a comparatively higher 26.05% annualized return.
IGV
- 1D
- -0.21%
- 1M
- 4.94%
- YTD
- -9.50%
- 6M
- -12.57%
- 1Y
- -9.75%
- 3Y*
- 13.14%
- 5Y*
- 5.60%
- 10Y*
- 16.44%
GOOG
- 1D
- -1.20%
- 1M
- -8.98%
- YTD
- 15.25%
- 6M
- 15.01%
- 1Y
- 107.32%
- 3Y*
- 43.67%
- 5Y*
- 23.94%
- 10Y*
- 26.05%
IGV vs. GOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | -9.50% | 5.56% | 23.41% | 58.56% | -35.65% | 12.30% | 52.86% | 34.33% | 12.44% | 42.16% |
GOOG Alphabet Inc | 15.25% | 65.42% | 35.62% | 58.83% | -38.67% | 65.17% | 31.03% | 29.10% | -1.03% | 35.58% |
Correlation
The correlation between IGV and GOOG is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2014 | 0.61 |
Over the past year, the correlation between IGV and GOOG has dropped to 0.23 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
IGV vs. GOOG — Risk / Return Rank
IGV
GOOG
IGV vs. GOOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) and Alphabet Inc (GOOG). 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.
| IGV | GOOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.11 | ||
| Sortino ratioReturn per unit of downside risk | -5.47 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.61 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 5.20 | -5.47 |
| Martin ratioReturn relative to average drawdown | -0.56 | 18.68 | -19.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGV | GOOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.35 | 3.76 | -4.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.77 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.90 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.82 | -0.46 |
Drawdowns
IGV vs. GOOG - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, which is greater than GOOG's maximum drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for IGV and GOOG.
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Drawdown Indicators
| IGV | GOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -44.60% | -18.85% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -20.75% | -15.86% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -29.35% | -7.26% |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | -44.60% | -1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | -44.60% | -1.25% |
Current DrawdownCurrent decline from peak | -18.80% | -9.44% | -9.36% |
Average DrawdownAverage peak-to-trough decline | -14.45% | -8.89% | -5.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.33% | 5.77% | +11.56% |
Volatility
IGV vs. GOOG - Volatility Comparison
iShares Expanded Tech-Software Sector ETF (IGV) has a higher volatility of 12.20% compared to Alphabet Inc (GOOG) at 8.43%. This indicates that IGV's price experiences larger fluctuations and is considered to be riskier than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGV | GOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.20% | 8.43% | +3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 24.65% | 20.50% | +4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.93% | 28.74% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.90% | 31.14% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.38% | 29.02% | -2.64% |
Dividends
IGV vs. GOOG - Dividend Comparison
IGV has not paid dividends to shareholders, while GOOG's dividend yield for the trailing twelve months is around 0.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOG Alphabet Inc | 0.29% | 0.26% | 0.32% | 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 GOOG have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGV has higher volatility (12.20%) compared to GOOG (8.43%). In terms of maximum drawdown, IGV dropped -63.45% vs GOOG's -44.60%.
GOOG currently has the higher Sharpe Ratio (3.76 vs -0.35), 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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