IHAK vs. IYW
IHAK (iShares Cybersecurity & Tech ETF) and IYW (iShares U.S. Technology ETF) are both Technology Equities funds from iShares - IHAK tracks the NYSE FactSet Global Cyber Security Index while IYW tracks the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past 5 years, IHAK returned 4.87%/yr vs 20.23%/yr for IYW. A 0.74 correlation means they provide meaningful diversification when combined. IHAK charges 0.47%/yr vs 0.38%/yr for IYW.
Performance
IHAK vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, IHAK achieves a 13.77% return, which is significantly lower than IYW's 21.37% return.
IHAK
- 1D
- 0.35%
- 1M
- -2.29%
- YTD
- 13.77%
- 6M
- 11.66%
- 1Y
- 5.82%
- 3Y*
- 14.51%
- 5Y*
- 4.87%
- 10Y*
- —
IYW
- 1D
- -0.48%
- 1M
- 0.20%
- YTD
- 21.37%
- 6M
- 19.55%
- 1Y
- 43.82%
- 3Y*
- 31.88%
- 5Y*
- 20.23%
- 10Y*
- 25.87%
IHAK vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IHAK iShares Cybersecurity & Tech ETF | 13.77% | -1.29% | 7.60% | 37.77% | -25.81% | 11.13% | 51.22% | 6.48% |
IYW iShares U.S. Technology ETF | 21.37% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 21.35% |
Correlation
The correlation between IHAK and IYW is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2019 | 0.74 |
Over the past year, the correlation between IHAK and IYW has dropped to 0.52 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
IHAK vs. IYW — Risk / Return Rank
IHAK
IYW
IHAK vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Cybersecurity & Tech ETF (IHAK) and iShares U.S. Technology ETF (IYW). 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.
| IHAK | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.34 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 2.47 | -2.22 |
| Martin ratioReturn relative to average drawdown | 0.57 | 7.86 | -7.29 |
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Drawdowns
IHAK vs. IYW - Drawdown Comparison
The maximum IHAK drawdown since its inception was -34.42%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for IHAK and IYW.
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Drawdown Indicators
| IHAK | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.42% | -81.90% | +47.48% |
Max Drawdown (1Y)Largest decline over 1 year | -23.48% | -17.81% | -5.67% |
Max Drawdown (3Y)Largest decline over 3 years | -23.48% | -26.47% | +2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -34.42% | -39.44% | +5.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.44% | — |
Current DrawdownCurrent decline from peak | -10.28% | -6.80% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -10.74% | -34.59% | +23.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.19% | 5.59% | +4.60% |
Volatility
IHAK vs. IYW - Volatility Comparison
The current volatility for iShares Cybersecurity & Tech ETF (IHAK) is 9.85%, while iShares U.S. Technology ETF (IYW) has a volatility of 11.14%. This indicates that IHAK experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHAK | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.85% | 11.14% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 20.46% | 18.38% | +2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.42% | 22.33% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.66% | 26.24% | -2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.40% | 25.25% | -0.85% |
IHAK vs. IYW - Expense Ratio Comparison
IHAK has a 0.47% expense ratio, which is higher than IYW's 0.38% expense ratio.
Dividends
IHAK vs. IYW - Dividend Comparison
IHAK's dividend yield for the trailing twelve months is around 0.08%, less than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHAK iShares Cybersecurity & Tech ETF | 0.08% | 0.08% | 0.20% | 0.13% | 0.25% | 0.50% | 0.40% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% |
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
Frequently Asked Questions
IHAK and IYW have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (11.14%) compared to IHAK (9.85%). In terms of maximum drawdown, IHAK dropped -34.42% vs IYW's -81.90%.
On 5-year performance, IYW leads with 20.23% vs 4.87% for IHAK. On fees, IYW is cheaper at 0.38% per year. On volatility, IHAK has been the lower-risk option at 9.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IYW has performed better with a 20.23% return vs 4.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYW is cheaper with a 0.38% expense ratio, compared with 0.47% for IHAK.
IYW has the higher dividend yield at 0.11%, compared with 0.08% for IHAK.
IHAK tracks NYSE FactSet Global Cyber Security Index, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. Their fees differ too: 0.47% for IHAK and 0.38% for IYW.
IYW currently has the higher Sharpe Ratio (1.98 vs 0.24), 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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