IGV vs. LSPD
IGV (iShares Expanded Tech-Software Sector ET) is Technology Equities fund tracking the S&P North American Technology-Software Index, while LSPD (Lightspeed Commerce Inc) is a stock. Over the past 5 years, IGV returned 6.80%/yr vs -33.55%/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 -5.19% return, which is significantly higher than LSPD's -22.93% 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%
LSPD
- 1D
- -3.82%
- 1M
- -2.51%
- YTD
- -22.93%
- 6M
- -17.83%
- 1Y
- -15.75%
- 3Y*
- -14.72%
- 5Y*
- -33.55%
- 10Y*
- —
IGV vs. LSPD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ET | -5.19% | 5.56% | 23.41% | 58.56% | -35.65% | 12.30% | 52.86% | 7.49% |
LSPD Lightspeed Commerce Inc | -22.93% | -20.68% | -27.44% | 46.78% | -64.63% | -42.56% | 151.62% | -15.04% |
Correlation
The correlation between IGV and LSPD is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2019 | 0.59 |
The correlation between IGV and LSPD has been stable across timeframes, ranging from 0.56 to 0.65 - 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 ET (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.
| IGV | LSPD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.97 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | -0.40 | +0.28 |
| Martin ratioReturn relative to average drawdown | -0.27 | -0.71 | +0.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGV | LSPD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.17 | -0.37 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | -0.55 | +0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | -0.24 | +0.60 |
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 | -14.93% | -92.52% | +77.59% |
Average DrawdownAverage peak-to-trough decline | -14.44% | -64.31% | +49.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.22% | 22.14% | -4.92% |
Volatility
IGV vs. LSPD - Volatility Comparison
The current volatility for iShares Expanded Tech-Software Sector ET (IGV) is 11.63%, while Lightspeed Commerce Inc (LSPD) has a volatility of 14.81%. 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 | 11.63% | 14.81% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 24.39% | 28.97% | -4.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.61% | 42.73% | -15.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.86% | 61.75% | -33.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.35% | 72.42% | -46.07% |
Dividends
IGV vs. LSPD - Dividend Comparison
Neither IGV nor LSPD has paid dividends to shareholders.
| 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% |
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 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LSPD has higher volatility (14.81%) compared to IGV (11.63%). In terms of maximum drawdown, IGV dropped -63.45% vs LSPD's -93.68%.
IGV currently has the higher Sharpe Ratio (-0.17 vs -0.37), 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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