IGV vs. GTEK

Last updated Jul 14, 2026

IGV (iShares Expanded Tech-Software Sector ETF) and GTEK (Goldman Sachs Future Tech Leaders Equity ETF) are both Technology Equities funds. IGV is passively managed, while GTEK is actively managed. Over the past 3 years, IGV returned 8.93%/yr vs 29.45%/yr for GTEK. Their correlation of 0.82 suggests significant overlap in exposure. IGV charges 0.39%/yr vs 0.75%/yr for GTEK.

Performance

IGV vs. GTEK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech-Software Sector ETF (IGV) and Goldman Sachs Future Tech Leaders Equity ETF (GTEK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGV achieves a -12.27% return, which is significantly lower than GTEK's 42.08% return.

IGV

• 1D: 0.31%
• 1M: 2.22%
• 6M: -11.99%
• YTD: -12.27%
• 1Y: -13.74%
• 3Y*: 8.93%
• 5Y*: 3.38%
• 10Y*: 15.67%

GTEK

• 1D: -4.38%
• 1M: -3.33%
• 6M: 34.40%
• YTD: 42.08%
• 1Y: 59.49%
• 3Y*: 29.45%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IGV vs. GTEK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IGV iShares Expanded Tech-Software Sector ETF	-12.27%	5.56%	23.41%	58.56%	-35.65%	-4.71%
GTEK Goldman Sachs Future Tech Leaders Equity ETF	42.08%	23.68%	15.94%	33.58%	-46.73%	-2.50%

Correlation

The correlation between IGV and GTEK is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021	0.82

Over the past year, the correlation between IGV and GTEK has dropped to 0.55 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

IGV vs. GTEK - Sectors Allocation Comparison

Sectors	IGV	GTEK
Technology	89.1%	74.5%
Communication Services	8.6%	3.7%
Financial Services	1.9%	1.2%
Consumer Cyclical	0.3%	4.9%
Industrials	0.1%	8.1%
Basic Materials	-	3.4%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	1.1%
Real Estate	-	2.3%
Utilities	-	-

Return for Risk

IGV vs. GTEK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGV

IGV Risk / Return Rank: 5
IGV Sharpe Ratio Rank: 5
IGV Sortino Ratio Rank: 5
IGV Omega Ratio Rank: 5
IGV Calmar Ratio Rank: 6
IGV Martin Ratio Rank: 6

GTEK

GTEK Risk / Return Rank: 81
GTEK Sharpe Ratio Rank: 80
GTEK Sortino Ratio Rank: 71
GTEK Omega Ratio Rank: 71
GTEK Calmar Ratio Rank: 94
GTEK Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGV vs. GTEK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) and Goldman Sachs Future Tech Leaders Equity ETF (GTEK). 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	GTEK	Difference
Sharpe ratio: Return per unit of total volatility	-0.48	2.01	-2.50
Sortino ratio: Return per unit of downside risk	-0.51	2.56	-3.07
Omega ratio: Gain probability vs. loss probability	0.94	1.33	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.38	5.37	-5.75
Martin ratio: Return relative to average drawdown	-0.74	15.79	-16.53

IGV vs. GTEK - Sharpe Ratio Comparison

The current IGV Sharpe Ratio is -0.48, which is lower than the GTEK Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of IGV and GTEK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IGV vs. GTEK - Drawdown Comparison

The maximum IGV drawdown since its inception was -63.45%, which is greater than GTEK's maximum drawdown of -53.77%. Use the drawdown chart below to compare losses from any high point for IGV and GTEK.

Drawdown Indicators

	IGV	GTEK	Difference
Max Drawdown Largest peak-to-trough decline	-63.45%	-53.77%	-9.68%
Max Drawdown (1Y) Largest decline over 1 year	-36.61%	-11.13%	-25.48%
Max Drawdown (3Y) Largest decline over 3 years	-36.61%	-27.49%	-9.12%
Max Drawdown (5Y) Largest decline over 5 years	-45.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.85%	—	—
Current Drawdown Current decline from peak	-21.29%	-9.70%	-11.59%
Average Drawdown Average peak-to-trough decline	-14.47%	-26.99%	+12.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.66%	3.78%	+14.88%

Volatility

IGV vs. GTEK - Volatility Comparison

The current volatility for iShares Expanded Tech-Software Sector ETF (IGV) is 8.00%, while Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has a volatility of 12.78%. This indicates that IGV experiences smaller price fluctuations and is considered to be less risky than GTEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGV	GTEK	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.00%	12.78%	-4.78%
Volatility (6M) Calculated over the trailing 6-month period	25.33%	26.10%	-0.77%
Volatility (1Y) Calculated over the trailing 1-year period	28.74%	29.74%	-1.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.10%	28.82%	-0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.41%	28.82%	-2.41%

IGV vs. GTEK - Expense Ratio Comparison

IGV has a 0.39% expense ratio, which is lower than GTEK's 0.75% expense ratio.

Dividends

IGV vs. GTEK - Dividend Comparison

IGV's dividend yield for the trailing twelve months is around 0.02%, while GTEK has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GTEK Goldman Sachs Future Tech Leaders Equity ETF	0.00%	0.00%	0.00%	0.26%	0.03%	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

Can I hold both IGV and GTEK in my portfolio?

IGV and GTEK have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGV or GTEK?

GTEK has higher volatility (12.78%) compared to IGV (8.00%). In terms of maximum drawdown, IGV dropped -63.45% vs GTEK's -53.77%.

Which ETF is better, IGV or GTEK?

On 3-year performance, GTEK leads with 29.45% vs 8.93% for IGV. On fees, IGV is cheaper at 0.39% per year. On volatility, IGV has been the lower-risk option at 8.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGV or GTEK?

Over the 3-year period, GTEK has performed better with a 29.45% return vs 8.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGV or GTEK?

IGV is cheaper with a 0.39% expense ratio, compared with 0.75% for GTEK.

Which ETF pays a higher dividend yield, IGV or GTEK?

IGV has the higher dividend yield at 0.02%, compared with 0.00% for GTEK.

What is the main difference between IGV and GTEK?

They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.39% for IGV and 0.75% for GTEK.

Which has better risk-adjusted returns?

GTEK currently has the higher Sharpe Ratio (2.01 vs -0.48), 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.