IGV vs. IWF

Last updated Jun 4, 2026

IGV (iShares Expanded Tech-Software Sector ET) and IWF (iShares Russell 1000 Growth ETF) are both exchange-traded funds - IGV is a Technology Equities fund tracking the S&P North American Technology-Software Index, while IWF is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index. Both are passively managed. Over the past 10 years, IGV returned 16.89%/yr vs 18.49%/yr for IWF. Their correlation of 0.83 suggests significant overlap in exposure. IGV charges 0.46%/yr vs 0.18%/yr for IWF.

Performance

IGV vs. IWF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech-Software Sector ET (IGV) and iShares Russell 1000 Growth ETF (IWF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGV achieves a -5.19% return, which is significantly lower than IWF's 7.11% return. Over the past 10 years, IGV has underperformed IWF with an annualized return of 16.89%, while IWF has yielded a comparatively higher 18.49% annualized return.

IGV

• 1D: -4.33%
• 1M: 13.30%
• YTD: -5.19%
• 6M: -6.07%
• 1Y: -4.56%
• 3Y*: 14.91%
• 5Y*: 6.80%
• 10Y*: 16.89%

IWF

• 1D: -1.29%
• 1M: 5.68%
• YTD: 7.11%
• 6M: 6.51%
• 1Y: 25.60%
• 3Y*: 24.80%
• 5Y*: 15.24%
• 10Y*: 18.49%

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

IGV vs. IWF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGV iShares Expanded Tech-Software Sector ET	-5.19%	5.56%	23.41%	58.56%	-35.65%	12.30%	52.86%	34.33%	12.44%	42.16%
IWF iShares Russell 1000 Growth ETF	7.11%	18.33%	33.12%	42.59%	-29.31%	27.43%	38.25%	35.86%	-1.67%	29.95%

Correlation

The correlation between IGV and IWF is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jul 16, 2001	0.83

The correlation between IGV and IWF shifts across timeframes, from 0.64 (1 year) to 0.85 (10 years), reflecting how their relationship changes across market environments.

IGV vs. IWF - Sectors Allocation Comparison

Sectors	IGV	IWF
Technology	89.2%	53.2%
Communication Services	8.6%	12.3%
Financial Services	1.8%	4.9%
Consumer Cyclical	0.3%	12.7%
Industrials	0.2%	5.0%
Basic Materials	-	0.3%
Consumer Defensive	-	2.5%
Energy	-	0.4%
Healthcare	-	7.0%
Real Estate	-	0.4%
Utilities	-	1.1%

Return for Risk

IGV vs. IWF — Risk / Return Rank

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

IGV

IGV Risk / Return Rank: 7
IGV Sharpe Ratio Rank: 7
IGV Sortino Ratio Rank: 7
IGV Omega Ratio Rank: 7
IGV Calmar Ratio Rank: 7
IGV Martin Ratio Rank: 7

IWF

IWF Risk / Return Rank: 40
IWF Sharpe Ratio Rank: 47
IWF Sortino Ratio Rank: 45
IWF Omega Ratio Rank: 44
IWF Calmar Ratio Rank: 31
IWF Martin Ratio Rank: 34

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. IWF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ET (IGV) and iShares Russell 1000 Growth ETF (IWF). 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	IWF	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	1.67	-1.83
Sortino ratio: Return per unit of downside risk	-0.04	2.29	-2.33
Omega ratio: Gain probability vs. loss probability	0.99	1.29	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.13	1.58	-1.71
Martin ratio: Return relative to average drawdown	-0.27	5.28	-5.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGV vs. IWF - Sharpe Ratio Comparison

The current IGV Sharpe Ratio is -0.17, which is lower than the IWF Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of IGV and IWF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IGV	IWF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.17	1.67	-1.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.72	-0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.88	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.40	-0.03

Drawdowns

IGV vs. IWF - Drawdown Comparison

The maximum IGV drawdown since its inception was -63.45%, roughly equal to the maximum IWF drawdown of -64.25%. Use the drawdown chart below to compare losses from any high point for IGV and IWF.

Drawdown Indicators

	IGV	IWF	Difference
Max Drawdown Largest peak-to-trough decline	-63.45%	-64.25%	+0.80%
Max Drawdown (1Y) Largest decline over 1 year	-36.61%	-16.27%	-20.34%
Max Drawdown (3Y) Largest decline over 3 years	-36.61%	-23.36%	-13.25%
Max Drawdown (5Y) Largest decline over 5 years	-45.85%	-32.72%	-13.13%
Max Drawdown (10Y) Largest decline over 10 years	-45.85%	-32.72%	-13.13%
Current Drawdown Current decline from peak	-14.93%	-1.66%	-13.27%
Average Drawdown Average peak-to-trough decline	-14.44%	-22.08%	+7.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.22%	4.86%	+12.36%

Volatility

IGV vs. IWF - Volatility Comparison

iShares Expanded Tech-Software Sector ET (IGV) has a higher volatility of 11.63% compared to iShares Russell 1000 Growth ETF (IWF) at 3.61%. This indicates that IGV's price experiences larger fluctuations and is considered to be riskier than IWF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGV	IWF	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.63%	3.61%	+8.02%
Volatility (6M) Calculated over the trailing 6-month period	24.39%	11.66%	+12.73%
Volatility (1Y) Calculated over the trailing 1-year period	27.61%	15.44%	+12.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.86%	21.40%	+6.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.35%	20.97%	+5.38%

IGV vs. IWF - Expense Ratio Comparison

IGV has a 0.46% expense ratio, which is higher than IWF's 0.18% expense ratio.

Dividends

IGV vs. IWF - Dividend Comparison

IGV has not paid dividends to shareholders, while IWF's dividend yield for the trailing twelve months is around 0.33%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGV iShares Expanded Tech-Software Sector ET	0.00%	0.00%	0.00%	0.01%	0.01%	0.00%	0.35%	0.02%	0.16%	0.09%	0.82%	0.22%
IWF iShares Russell 1000 Growth ETF	0.33%	0.36%	0.46%	0.67%	0.91%	0.49%	0.66%	0.99%	1.27%	1.10%	1.43%	1.37%

Frequently Asked Questions

Can I hold both IGV and IWF in my portfolio?

IGV and IWF have a correlation of 0.64, 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 IWF?

IGV has higher volatility (11.63%) compared to IWF (3.61%). In terms of maximum drawdown, IGV dropped -63.45% vs IWF's -64.25%.

Which ETF is better, IGV or IWF?

On 10-year performance, IWF leads with 18.49% vs 16.89% for IGV. On fees, IWF is cheaper at 0.18% per year. On volatility, IWF has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGV or IWF?

Over the 10-year period, IWF has performed better with a 18.49% return vs 16.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGV or IWF?

IWF is cheaper with a 0.18% expense ratio, compared with 0.46% for IGV.

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

IWF has the higher dividend yield at 0.33%, compared with 0.00% for IGV.

What is the main difference between IGV and IWF?

IGV is categorized as Technology Equities, while IWF is Large Cap Growth Equities. IGV tracks S&P North American Technology-Software Index, while IWF tracks Russell 1000 Growth Index. Their fees differ too: 0.46% for IGV and 0.18% for IWF.

Which has better risk-adjusted returns?

IWF currently has the higher Sharpe Ratio (1.67 vs -0.17), 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.