IGV vs. MA
IGV (iShares Expanded Tech-Software Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while MA (Mastercard Incorporated) is a stock. Over the past 10 years, IGV returned 15.60%/yr vs 20.01%/yr for MA. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
IGV vs. MA - 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 MA's -3.64% return. Over the past 10 years, IGV has underperformed MA with an annualized return of 15.60%, while MA has yielded a comparatively higher 20.01% 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%
MA
- 1D
- 0.71%
- 1M
- 11.96%
- 6M
- 1.82%
- YTD
- -3.64%
- 1Y
- -0.33%
- 3Y*
- 11.92%
- 5Y*
- 8.21%
- 10Y*
- 20.01%
- ALL TIME*
- 28.24%
IGV vs. MA - 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% |
MA Mastercard Incorporated | -3.64% | 9.04% | 24.17% | 23.40% | -2.66% | 1.16% | 20.19% | 59.16% | 25.31% | 47.69% |
Correlation
The correlation between IGV and MA is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since May 25, 2006 | 0.56 |
Over the past year, the correlation between IGV and MA has dropped to 0.27 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
IGV vs. MA — Risk / Return Rank
IGV
MA
IGV vs. MA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) and Mastercard Incorporated (MA). 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 | MA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.02 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | -0.02 | -0.43 |
| Martin ratioReturn relative to average drawdown | -0.86 | -0.03 | -0.83 |
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Drawdowns
IGV vs. MA - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, roughly equal to the maximum MA drawdown of -62.67%. Use the drawdown chart below to compare losses from any high point for IGV and MA.
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Drawdown Indicators
| IGV | MA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -62.67% | -0.78% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -20.91% | -15.70% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -20.91% | -15.70% |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | -28.25% | -17.60% |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | -41.00% | -4.85% |
Current DrawdownCurrent decline from peak | -21.05% | -8.03% | -13.02% |
Average DrawdownAverage peak-to-trough decline | -14.48% | -9.84% | -4.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.89% | 11.12% | +7.77% |
Volatility
IGV vs. MA - Volatility Comparison
iShares Expanded Tech-Software Sector ETF (IGV) and Mastercard Incorporated (MA) have volatilities of 7.17% and 6.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGV | MA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.17% | 6.95% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 25.18% | 17.75% | +7.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.69% | 21.88% | +6.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.08% | 23.98% | +4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.41% | 26.91% | -0.50% |
Dividends
IGV vs. MA - Dividend Comparison
IGV's dividend yield for the trailing twelve months is around 0.02%, less than MA's 0.62% 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% |
MA Mastercard Incorporated | 0.62% | 0.53% | 0.50% | 0.53% | 0.56% | 0.49% | 0.45% | 0.44% | 0.53% | 0.58% | 0.74% | 0.66% |
Frequently Asked Questions
IGV and MA have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGV has higher volatility (7.17%) compared to MA (6.95%). In terms of maximum drawdown, IGV dropped -63.45% vs MA's -62.67%.
MA currently has the higher Sharpe Ratio (-0.01 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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