IGV vs. GOOGL
IGV (iShares Expanded Tech-Software Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while GOOGL (Alphabet Inc. Class A) is a stock. Over the past 10 years, IGV returned 15.87%/yr vs 25.76%/yr for GOOGL. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
IGV vs. GOOGL - 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 GOOGL's 15.06% return. Over the past 10 years, IGV has underperformed GOOGL with an annualized return of 15.87%, while GOOGL has yielded a comparatively higher 25.76% 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%
GOOGL
- 1D
- 0.53%
- 1M
- -10.61%
- YTD
- 15.06%
- 6M
- 16.44%
- 1Y
- 105.30%
- 3Y*
- 43.10%
- 5Y*
- 24.46%
- 10Y*
- 25.76%
IGV vs. GOOGL - 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% |
GOOGL Alphabet Inc. Class A | 15.06% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | -0.80% | 32.93% |
Correlation
The correlation between IGV and GOOGL is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2004 | 0.58 |
Over the past year, the correlation between IGV and GOOGL has dropped to 0.24 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
IGV vs. GOOGL — Risk / Return Rank
IGV
GOOGL
IGV vs. GOOGL - 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. Class A (GOOGL). 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 | GOOGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.16 | ||
| Sortino ratioReturn per unit of downside risk | -5.53 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.59 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 5.20 | -5.62 |
| Martin ratioReturn relative to average drawdown | -0.87 | 18.48 | -19.35 |
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Drawdowns
IGV vs. GOOGL - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, roughly equal to the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for IGV and GOOGL.
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Drawdown Indicators
| IGV | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -65.29% | +1.84% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -20.37% | -16.24% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -29.81% | -6.80% |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | -44.32% | -1.53% |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | -44.32% | -1.53% |
Current DrawdownCurrent decline from peak | -23.00% | -10.61% | -12.39% |
Average DrawdownAverage peak-to-trough decline | -14.45% | -13.01% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.55% | 5.72% | +11.83% |
Volatility
IGV vs. GOOGL - Volatility Comparison
iShares Expanded Tech-Software Sector ETF (IGV) has a higher volatility of 12.57% compared to Alphabet Inc. Class A (GOOGL) at 7.24%. This indicates that IGV's price experiences larger fluctuations and is considered to be riskier than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGV | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 7.24% | +5.33% |
Volatility (6M)Calculated over the trailing 6-month period | 24.80% | 20.82% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.06% | 29.31% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.92% | 31.33% | -3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.39% | 29.13% | -2.74% |
Dividends
IGV vs. GOOGL - Dividend Comparison
IGV has not paid dividends to shareholders, while GOOGL's dividend yield for the trailing twelve months is around 0.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 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 GOOGL have a correlation of 0.24, 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 GOOGL (7.24%). In terms of maximum drawdown, IGV dropped -63.45% vs GOOGL's -65.29%.
GOOGL currently has the higher Sharpe Ratio (3.62 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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