IGV vs. LRCX
IGV (iShares Expanded Tech-Software Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while LRCX (Lam Research Corporation) is a stock. Over the past 10 years, IGV returned 15.87%/yr vs 48.23%/yr for LRCX. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
IGV vs. LRCX - 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 LRCX's 114.54% return. Over the past 10 years, IGV has underperformed LRCX with an annualized return of 15.87%, while LRCX has yielded a comparatively higher 48.23% 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%
LRCX
- 1D
- 1.18%
- 1M
- 24.16%
- YTD
- 114.54%
- 6M
- 128.79%
- 1Y
- 303.12%
- 3Y*
- 81.91%
- 5Y*
- 43.22%
- 10Y*
- 48.23%
IGV vs. LRCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
LRCX Lam Research Corporation | 114.54% | 139.16% | -6.84% | 88.63% | -40.72% | 53.66% | 64.18% | 119.33% | -24.40% | 76.21% |
Correlation
The correlation between IGV and LRCX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2001 | 0.61 |
Over the past year, the correlation between IGV and LRCX has dropped to 0.18 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
IGV vs. LRCX — Risk / Return Rank
IGV
LRCX
IGV vs. LRCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) and Lam Research Corporation (LRCX). 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 | LRCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.33 | ||
| Sortino ratioReturn per unit of downside risk | -5.36 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.63 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 15.26 | -15.68 |
| Martin ratioReturn relative to average drawdown | -0.87 | 51.20 | -52.07 |
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Drawdowns
IGV vs. LRCX - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, smaller than the maximum LRCX drawdown of -87.90%. Use the drawdown chart below to compare losses from any high point for IGV and LRCX.
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Drawdown Indicators
| IGV | LRCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -87.90% | +24.45% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -20.01% | -16.60% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -47.10% | +10.49% |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | -56.39% | +10.54% |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | -56.39% | +10.54% |
Current DrawdownCurrent decline from peak | -23.00% | 0.00% | -23.00% |
Average DrawdownAverage peak-to-trough decline | -14.45% | -28.17% | +13.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.55% | 5.95% | +11.60% |
Volatility
IGV vs. LRCX - Volatility Comparison
The current volatility for iShares Expanded Tech-Software Sector ETF (IGV) is 12.57%, while Lam Research Corporation (LRCX) has a volatility of 21.52%. This indicates that IGV experiences smaller price fluctuations and is considered to be less risky than LRCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGV | LRCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 21.52% | -8.95% |
Volatility (6M)Calculated over the trailing 6-month period | 24.80% | 43.63% | -18.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.06% | 52.78% | -24.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.92% | 46.57% | -18.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.39% | 44.92% | -18.53% |
Dividends
IGV vs. LRCX - Dividend Comparison
IGV has not paid dividends to shareholders, while LRCX's dividend yield for the trailing twelve months is around 0.28%.
| 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% |
LRCX Lam Research Corporation | 0.28% | 0.57% | 1.19% | 0.95% | 1.53% | 0.78% | 1.04% | 1.54% | 2.79% | 1.01% | 1.28% | 1.36% |
Frequently Asked Questions
IGV and LRCX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LRCX has higher volatility (21.52%) compared to IGV (12.57%). In terms of maximum drawdown, IGV dropped -63.45% vs LRCX's -87.90%.
LRCX currently has the higher Sharpe Ratio (5.79 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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