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 15.60%/yr vs 25.31%/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 -12.01% return, which is significantly lower than GOOG's 12.12% return. Over the past 10 years, IGV has underperformed GOOG with an annualized return of 15.60%, while GOOG has yielded a comparatively higher 25.31% annualized return.
IGV
- 1D
- 0.19%
- 1M
- 4.37%
- 6M
- -5.40%
- YTD
- -12.01%
- 1Y
- -16.26%
- 3Y*
- 9.01%
- 5Y*
- 3.20%
- 10Y*
- 15.60%
- ALL TIME*
- 9.30%
GOOG
- 1D
- 1.52%
- 1M
- -4.38%
- 6M
- 6.51%
- YTD
- 12.12%
- 1Y
- 89.51%
- 3Y*
- 43.36%
- 5Y*
- 21.73%
- 10Y*
- 25.31%
- ALL TIME*
- 22.76%
IGV vs. GOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | -12.01% | 5.56% | 23.41% | 58.56% | -35.65% | 12.30% | 52.86% | 34.33% | 12.44% | 42.16% |
GOOG Alphabet Inc | 12.12% | 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 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
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 3, 2014 | 0.61 |
Over the past year, the correlation between IGV and GOOG has dropped to 0.28 - 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.
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 | GOOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.55 | ||
| Sortino ratioReturn per unit of downside risk | -4.81 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.50 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 4.34 | -4.78 |
| Martin ratioReturn relative to average drawdown | -0.86 | 13.28 | -14.14 |
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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 | -21.05% | -11.89% | -9.16% |
Average DrawdownAverage peak-to-trough decline | -14.48% | -8.91% | -5.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.89% | 6.77% | +12.12% |
Volatility
IGV vs. GOOG - Volatility Comparison
The current volatility for iShares Expanded Tech-Software Sector ETF (IGV) is 7.17%, while Alphabet Inc (GOOG) has a volatility of 10.97%. This indicates that IGV experiences smaller price fluctuations and is considered to be less risky 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 | 7.17% | 10.97% | -3.80% |
Volatility (6M)Calculated over the trailing 6-month period | 25.18% | 22.58% | +2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.69% | 30.22% | -1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.08% | 31.53% | -3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.41% | 29.19% | -2.78% |
Dividends
IGV vs. GOOG - Dividend Comparison
IGV's dividend yield for the trailing twelve months is around 0.02%, less than GOOG's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOG Alphabet Inc | 0.24% | 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 | 0.02% | 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 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOG has higher volatility (10.97%) compared to IGV (7.17%). In terms of maximum drawdown, IGV dropped -63.45% vs GOOG's -44.60%.
GOOG currently has the higher Sharpe Ratio (2.98 vs -0.57), 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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