IGV vs. LSPD
IGV (iShares Expanded Tech-Software Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while LSPD (Lightspeed Commerce Inc) is a stock. Over the past 5 years, IGV returned 3.81%/yr vs -33.27%/yr for LSPD. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
IGV vs. LSPD - Performance Comparison
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Returns By Period
In the year-to-date period, IGV achieves a -11.33% return, which is significantly higher than LSPD's -14.24% return.
IGV
- 1D
- -0.26%
- 1M
- 2.55%
- 6M
- -6.08%
- YTD
- -11.33%
- 1Y
- -14.65%
- 3Y*
- 8.87%
- 5Y*
- 3.81%
- 10Y*
- 15.79%
LSPD
- 1D
- 0.88%
- 1M
- 7.92%
- 6M
- -11.75%
- YTD
- -14.24%
- 1Y
- -15.64%
- 3Y*
- -16.94%
- 5Y*
- -33.27%
- 10Y*
- —
IGV vs. LSPD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | -11.33% | 5.56% | 23.41% | 58.56% | -35.65% | 12.30% | 52.86% | 9.33% |
LSPD Lightspeed Commerce Inc | -14.24% | -20.68% | -27.44% | 46.78% | -64.63% | -42.56% | 151.62% | -15.04% |
Correlation
The correlation between IGV and LSPD is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Aug 13, 2019 | 0.59 |
The correlation between IGV and LSPD has been stable across timeframes, ranging from 0.56 to 0.64 - a consistent structural relationship.
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Return for Risk
IGV vs. LSPD — Risk / Return Rank
IGV
LSPD
IGV vs. LSPD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) and Lightspeed Commerce Inc (LSPD). 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 | LSPD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.97 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | -0.40 | 0.00 |
| Martin ratioReturn relative to average drawdown | -0.78 | -0.65 | -0.13 |
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Drawdowns
IGV vs. LSPD - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, smaller than the maximum LSPD drawdown of -93.68%. Use the drawdown chart below to compare losses from any high point for IGV and LSPD.
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Drawdown Indicators
| IGV | LSPD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -93.68% | +30.23% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -39.48% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -62.75% | +26.14% |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | -93.68% | +47.83% |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | — | — |
Current DrawdownCurrent decline from peak | -20.44% | -91.67% | +71.23% |
Average DrawdownAverage peak-to-trough decline | -14.48% | -64.74% | +50.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.79% | 24.08% | -5.29% |
Volatility
IGV vs. LSPD - Volatility Comparison
The current volatility for iShares Expanded Tech-Software Sector ETF (IGV) is 7.72%, while Lightspeed Commerce Inc (LSPD) has a volatility of 11.28%. This indicates that IGV experiences smaller price fluctuations and is considered to be less risky than LSPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGV | LSPD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.72% | 11.28% | -3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 25.28% | 29.40% | -4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.66% | 42.28% | -13.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.09% | 61.67% | -33.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.40% | 71.94% | -45.54% |
Dividends
IGV vs. LSPD - Dividend Comparison
IGV's dividend yield for the trailing twelve months is around 0.02%, while LSPD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | 0.02% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.35% | 0.02% | 0.16% | 0.09% | 0.82% | 0.22% |
LSPD Lightspeed Commerce Inc | 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 LSPD have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LSPD has higher volatility (11.28%) compared to IGV (7.72%). In terms of maximum drawdown, IGV dropped -63.45% vs LSPD's -93.68%.
LSPD currently has the higher Sharpe Ratio (-0.37 vs -0.51), 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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