IGV vs. KO
IGV (iShares Expanded Tech-Software Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while KO (The Coca-Cola Company) is a stock. Over the past 10 years, IGV returned 15.60%/yr vs 9.37%/yr for KO. At a 0.29 correlation, their price movements are largely independent.
Performance
IGV vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, IGV achieves a -12.01% return, which is significantly lower than KO's 19.04% return. Over the past 10 years, IGV has outperformed KO with an annualized return of 15.60%, while KO has yielded a comparatively lower 9.37% annualized return.
IGV
- 1D
- 0.19%
- 1M
- 4.37%
- 6M
- -5.40%
- YTD
- -12.01%
- 1Y
- -16.26%
- 3Y*
- 9.01%
- 5Y*
- 3.20%
- 10Y*
- 15.60%
- ALL TIME*
- 9.30%
KO
- 1D
- 0.69%
- 1M
- 3.44%
- 6M
- 18.14%
- YTD
- 19.04%
- 1Y
- 20.90%
- 3Y*
- 12.83%
- 5Y*
- 10.98%
- 10Y*
- 9.37%
- ALL TIME*
- 12.17%
IGV vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | -12.01% | 5.56% | 23.41% | 58.56% | -35.65% | 12.30% | 52.86% | 34.33% | 12.44% | 42.16% |
KO The Coca-Cola Company | 19.04% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between IGV and KO is -0.35, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2001 | 0.29 |
The correlation between IGV and KO shifts across timeframes, from -0.35 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IGV vs. KO — Risk / Return Rank
IGV
KO
IGV vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) and The Coca-Cola Company (KO). 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 | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.21 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 2.67 | -3.11 |
| Martin ratioReturn relative to average drawdown | -0.86 | 5.83 | -6.70 |
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Drawdowns
IGV vs. KO - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for IGV and KO.
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Drawdown Indicators
| IGV | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -68.23% | +4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -7.87% | -28.74% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -16.26% | -20.35% |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | -17.27% | -28.58% |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | -36.99% | -8.86% |
Current DrawdownCurrent decline from peak | -21.05% | -3.30% | -17.75% |
Average DrawdownAverage peak-to-trough decline | -14.48% | -16.07% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.89% | 3.59% | +15.30% |
Volatility
IGV vs. KO - Volatility Comparison
The current volatility for iShares Expanded Tech-Software Sector ETF (IGV) is 7.17%, while The Coca-Cola Company (KO) has a volatility of 7.83%. This indicates that IGV experiences smaller price fluctuations and is considered to be less risky than KO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGV | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.17% | 7.83% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 25.18% | 14.19% | +10.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.69% | 17.98% | +10.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.08% | 16.46% | +11.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.41% | 18.37% | +8.04% |
Dividends
IGV vs. KO - Dividend Comparison
IGV's dividend yield for the trailing twelve months is around 0.02%, less than KO's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
KO The Coca-Cola Company | 2.53% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
Frequently Asked Questions
IGV and KO have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KO has higher volatility (7.83%) compared to IGV (7.17%). In terms of maximum drawdown, IGV dropped -63.45% vs KO's -68.23%.
KO currently has the higher Sharpe Ratio (1.17 vs -0.57), 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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