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IGV vs. IYR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGV vs. IYR

Last updated Jun 13, 2026

IGV (iShares Expanded Tech-Software Sector ETF) and IYR (iShares U.S. Real Estate ETF) are both exchange-traded funds - IGV is a Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while IYR is a REIT fund tracking the Dow Jones U.S. Real Estate Index. Both are passively managed. Over the past 10 years, IGV returned 15.87%/yr vs 5.97%/yr for IYR. At a 0.48 correlation, their price movements are largely independent. IGV charges 0.39%/yr vs 0.42%/yr for IYR.

Performance

IGV vs. IYR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech-Software Sector ETF (IGV) and iShares U.S. Real Estate ETF (IYR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IGV achieves a -14.18% return, which is significantly lower than IYR's 11.47% return. Over the past 10 years, IGV has outperformed IYR with an annualized return of 15.87%, while IYR has yielded a comparatively lower 5.97% 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%

IYR

1D
0.89%
1M
2.31%
YTD
11.47%
6M
11.46%
1Y
11.41%
3Y*
9.71%
5Y*
2.47%
10Y*
5.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IGV vs. IYR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IYR
iShares U.S. Real Estate ETF		11.47%3.38%4.41%11.89%-25.51%38.74%-5.23%28.21%-4.33%9.31%

Correlation

The correlation between IGV and IYR is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.02

Correlation (3Y)
Calculated over the trailing 3-year period

0.24

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (10Y)
Calculated over the trailing 10-year period

0.40

Correlation (All Time)
Calculated using the full available price history since Jul 13, 2001

0.48

Over the past year, the correlation between IGV and IYR has dropped to 0.02 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

IGV vs. IYR - Sectors Allocation Comparison

Sectors
IGV
IYR

Technology

89.2%

-

Communication Services

8.6%
0.6%

Financial Services

1.8%

-

Consumer Cyclical

0.3%

-

Industrials

0.2%

-

Basic Materials

-

1.3%

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Real Estate

-

97.9%

Utilities

-

-

Technology

IGV
89.2%
IYR

-

Communication Services

IGV
8.6%
IYR
0.6%

Financial Services

IGV
1.8%
IYR

-

Consumer Cyclical

IGV
0.3%
IYR

-

Industrials

IGV
0.2%
IYR

-

Basic Materials

IGV

-

IYR
1.3%

Consumer Defensive

IGV

-

IYR

-

Energy

IGV

-

IYR

-

Healthcare

IGV

-

IYR

-

Real Estate

IGV

-

IYR
97.9%

Utilities

IGV

-

IYR

-

Compare stocks, funds, or ETFs

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iShares Expanded Tech-Software Sector ETF

iShares U.S. Real Estate ETF

Often compared with IGV:
IGV vs. QQQIGV vs. XSWIGV vs. SOXXIGV vs. VGTIGV vs. XLKIGV vs. SMHXIGV vs. VOO
Often compared with IYR:
IYR vs. VNQIYR vs. XLREIYR vs. VOOIYR vs. REZIYR vs. ICFIYR vs. REMIYR vs. FRI

Return for Risk

IGV vs. IYR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGV
IGV Risk / Return Rank: 55
Overall Rank
IGV Sharpe Ratio Rank: 55
Sharpe Ratio Rank
IGV Sortino Ratio Rank: 55
Sortino Ratio Rank
IGV Omega Ratio Rank: 55
Omega Ratio Rank
IGV Calmar Ratio Rank: 66
Calmar Ratio Rank
IGV Martin Ratio Rank: 66
Martin Ratio Rank
IYR
IYR Risk / Return Rank: 2828
Overall Rank
IYR Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
IYR Sortino Ratio Rank: 2525
Sortino Ratio Rank
IYR Omega Ratio Rank: 2525
Omega Ratio Rank
IYR Calmar Ratio Rank: 3131
Calmar Ratio Rank
IYR Martin Ratio Rank: 3232
Martin Ratio Rank
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. IYR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) and iShares U.S. Real Estate ETF (IYR). 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.

IGVIYRDifference
Sharpe ratioReturn per unit of total volatility
-0.55
0.84

-1.39

Sortino ratioReturn per unit of downside risk
-0.61
1.24

-1.85

Omega ratioGain probability vs. loss probability

0.93

1.15

-0.23

Calmar ratioReturn relative to maximum drawdown

-0.42

1.34

-1.76

Martin ratioReturn relative to average drawdown

-0.87

4.19

-5.06

IGV vs. IYR - Sharpe Ratio Comparison

The current IGV Sharpe Ratio is -0.55, which is lower than the IYR Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of IGV and IYR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IGV vs. IYR - Drawdown Comparison

The maximum IGV drawdown since its inception was -63.45%, smaller than the maximum IYR drawdown of -74.13%. Use the drawdown chart below to compare losses from any high point for IGV and IYR.

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Drawdown Indicators

IGVIYRDifference

Max Drawdown

Largest peak-to-trough decline

-63.45%

-74.13%

+10.68%

Max Drawdown (1Y)

Largest decline over 1 year

-36.61%

-8.54%

-28.07%

Max Drawdown (3Y)

Largest decline over 3 years

-36.61%

-17.52%

-19.09%

Max Drawdown (5Y)

Largest decline over 5 years

-45.85%

-33.75%

-12.10%

Max Drawdown (10Y)

Largest decline over 10 years

-45.85%

-42.32%

-3.53%

Current Drawdown

Current decline from peak

-23.00%

0.00%

-23.00%

Average Drawdown

Average peak-to-trough decline

-14.45%

-12.89%

-1.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

17.55%

2.73%

+14.82%

Volatility

IGV vs. IYR - Volatility Comparison

iShares Expanded Tech-Software Sector ETF (IGV) has a higher volatility of 12.57% compared to iShares U.S. Real Estate ETF (IYR) at 4.80%. This indicates that IGV's price experiences larger fluctuations and is considered to be riskier than IYR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IGVIYRDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.57%

4.80%

+7.77%

Volatility (6M)

Calculated over the trailing 6-month period

24.80%

9.87%

+14.93%

Volatility (1Y)

Calculated over the trailing 1-year period

28.06%

13.58%

+14.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.92%

18.76%

+9.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.39%

20.34%

+6.05%

IGV vs. IYR - Expense Ratio Comparison

IGV has a 0.39% expense ratio, which is lower than IYR's 0.42% expense ratio.

Dividends

IGV vs. IYR - Dividend Comparison

IGV has not paid dividends to shareholders, while IYR's dividend yield for the trailing twelve months is around 2.15%.

PositionTTM20252024202320222021202020192018201720162015
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%
IYR
iShares U.S. Real Estate ETF		2.15%2.48%2.57%2.75%2.92%2.06%2.58%3.05%3.53%3.73%4.41%3.92%

Frequently Asked Questions

IGV and IYR have a correlation of 0.02, 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 IYR (4.80%). In terms of maximum drawdown, IGV dropped -63.45% vs IYR's -74.13%.

On 10-year performance, IGV leads with 15.87% vs 5.97% for IYR. On fees, IGV is cheaper at 0.39% per year. On volatility, IYR has been the lower-risk option at 4.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IGV has performed better with a 15.87% return vs 5.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IGV is cheaper with a 0.39% expense ratio, compared with 0.42% for IYR.

IYR has the higher dividend yield at 2.15%, compared with 0.00% for IGV.

IGV is categorized as Technology Equities, while IYR is REIT. IGV tracks S&P North American Expanded Technology Software Index, while IYR tracks Dow Jones U.S. Real Estate Index. Their fees differ too: 0.39% for IGV and 0.42% for IYR.

IYR currently has the higher Sharpe Ratio (0.84 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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