IGV vs. MSFT
IGV (iShares Expanded Tech-Software Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, IGV returned 15.60%/yr vs 23.18%/yr for MSFT. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
IGV vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, IGV achieves a -12.01% return, which is significantly higher than MSFT's -16.45% return. Over the past 10 years, IGV has underperformed MSFT with an annualized return of 15.60%, while MSFT has yielded a comparatively higher 23.18% 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%
MSFT
- 1D
- 2.15%
- 1M
- 6.03%
- 6M
- -12.13%
- YTD
- -16.45%
- 1Y
- -20.50%
- 3Y*
- 6.20%
- 5Y*
- 8.30%
- 10Y*
- 23.18%
- ALL TIME*
- 24.73%
IGV vs. MSFT - 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% |
MSFT Microsoft Corporation | -16.45% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between IGV and MSFT is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2001 | 0.70 |
The correlation between IGV and MSFT shifts across timeframes, from 0.66 (1 year) to 0.77 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGV vs. MSFT — Risk / Return Rank
IGV
MSFT
IGV vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.88 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | -0.60 | +0.15 |
| Martin ratioReturn relative to average drawdown | -0.86 | -1.10 | +0.23 |
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Drawdowns
IGV vs. MSFT - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for IGV and MSFT.
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Drawdown Indicators
| IGV | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -69.38% | +5.93% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -34.50% | -2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -34.50% | -2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | -37.15% | -8.70% |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | -37.15% | -8.70% |
Current DrawdownCurrent decline from peak | -21.05% | -25.32% | +4.27% |
Average DrawdownAverage peak-to-trough decline | -14.48% | -21.80% | +7.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.89% | 18.74% | +0.15% |
Volatility
IGV vs. MSFT - Volatility Comparison
The current volatility for iShares Expanded Tech-Software Sector ETF (IGV) is 7.17%, while Microsoft Corporation (MSFT) has a volatility of 10.25%. This indicates that IGV experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGV | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.17% | 10.25% | -3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 25.18% | 24.51% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.69% | 27.52% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.08% | 27.07% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.41% | 27.15% | -0.74% |
Dividends
IGV vs. MSFT - Dividend Comparison
IGV's dividend yield for the trailing twelve months is around 0.02%, less than MSFT's 0.88% 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% |
MSFT Microsoft Corporation | 0.88% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
IGV and MSFT have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (10.25%) compared to IGV (7.17%). In terms of maximum drawdown, IGV dropped -63.45% vs MSFT's -69.38%.
IGV currently has the higher Sharpe Ratio (-0.57 vs -0.75), 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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