IGV vs. IREN
IGV (iShares Expanded Tech-Software Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while IREN (IREN Limited) is a stock. Over the past 3 years, IGV returned 10.04%/yr vs 155.58%/yr for IREN. At a 0.37 correlation, their price movements are largely independent.
Performance
IGV vs. IREN - 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 IREN's 58.25% 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%
IREN
- 1D
- 5.40%
- 1M
- 8.34%
- YTD
- 58.25%
- 6M
- 48.94%
- 1Y
- 487.71%
- 3Y*
- 155.58%
- 5Y*
- —
- 10Y*
- —
IGV vs. IREN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | -14.18% | 5.56% | 23.41% | 58.56% | -35.65% | -10.80% |
IREN IREN Limited | 58.25% | 284.62% | 37.34% | 472.00% | -92.27% | -42.25% |
Correlation
The correlation between IGV and IREN 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 | 0.35 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.37 |
The correlation between IGV and IREN shifts across timeframes, from 0.24 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IGV vs. IREN — Risk / Return Rank
IGV
IREN
IGV vs. IREN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) and IREN Limited (IREN). 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 | IREN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.31 | ||
| Sortino ratioReturn per unit of downside risk | -4.27 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.42 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 8.39 | -8.81 |
| Martin ratioReturn relative to average drawdown | -0.87 | 15.97 | -16.84 |
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Drawdowns
IGV vs. IREN - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, smaller than the maximum IREN drawdown of -96.21%. Use the drawdown chart below to compare losses from any high point for IGV and IREN.
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Drawdown Indicators
| IGV | IREN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -96.21% | +32.76% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -58.62% | +22.01% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -65.56% | +28.95% |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | — | — |
Current DrawdownCurrent decline from peak | -23.00% | -21.78% | -1.22% |
Average DrawdownAverage peak-to-trough decline | -14.45% | -65.42% | +50.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.55% | 30.74% | -13.19% |
Volatility
IGV vs. IREN - Volatility Comparison
The current volatility for iShares Expanded Tech-Software Sector ETF (IGV) is 12.57%, while IREN Limited (IREN) has a volatility of 34.10%. This indicates that IGV experiences smaller price fluctuations and is considered to be less risky than IREN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGV | IREN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 34.10% | -21.53% |
Volatility (6M)Calculated over the trailing 6-month period | 24.80% | 75.79% | -50.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.06% | 103.25% | -75.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.92% | 118.61% | -90.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.39% | 118.61% | -92.22% |
Dividends
IGV vs. IREN - Dividend Comparison
Neither IGV nor IREN has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IREN IREN Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGV and IREN 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.
IREN has higher volatility (34.10%) compared to IGV (12.57%). In terms of maximum drawdown, IGV dropped -63.45% vs IREN's -96.21%.
IREN currently has the higher Sharpe Ratio (4.76 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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