IHAK vs. TECB

Last updated Jun 24, 2026

IHAK (iShares Cybersecurity & Tech ETF) and TECB (iShares U.S. Tech Breakthrough Multisector ETF) are both Technology Equities funds from iShares - IHAK tracks the NYSE FactSet Global Cyber Security Index while TECB tracks the NYSE FactSet U.S. Tech Breakthrough Index. Both are passively managed. Over the past 5 years, IHAK returned 4.93%/yr vs 12.38%/yr for TECB. Their correlation of 0.83 suggests significant overlap in exposure. IHAK charges 0.47%/yr vs 0.40%/yr for TECB.

Performance

IHAK vs. TECB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Cybersecurity & Tech ETF (IHAK) and iShares U.S. Tech Breakthrough Multisector ETF (TECB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IHAK achieves a 13.38% return, which is significantly lower than TECB's 14.50% return.

IHAK

• 1D: 0.91%
• 1M: -2.63%
• YTD: 13.38%
• 6M: 11.34%
• 1Y: 5.97%
• 3Y*: 14.38%
• 5Y*: 4.93%
• 10Y*: —

TECB

• 1D: -1.74%
• 1M: -1.20%
• YTD: 14.50%
• 6M: 13.00%
• 1Y: 26.24%
• 3Y*: 23.75%
• 5Y*: 12.38%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IHAK vs. TECB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IHAK iShares Cybersecurity & Tech ETF	13.38%	-1.29%	7.60%	37.77%	-25.81%	11.13%	44.43%
TECB iShares U.S. Tech Breakthrough Multisector ETF	14.50%	14.86%	24.38%	57.53%	-34.39%	19.60%	39.90%

Correlation

The correlation between IHAK and TECB is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 10, 2020	0.83

The correlation between IHAK and TECB shifts across timeframes, from 0.71 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

IHAK vs. TECB - Sectors Allocation Comparison

Sectors	IHAK	TECB
Technology	95.8%	64.3%
Industrials	3.2%	0.8%
Communication Services	0.4%	10.8%
Basic Materials	-	-
Consumer Cyclical	-	5.4%
Consumer Defensive	-	-
Energy	-	0.6%
Financial Services	-	5.6%
Healthcare	-	10.8%
Real Estate	-	1.7%
Utilities	-	-

Return for Risk

IHAK vs. TECB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IHAK

IHAK Risk / Return Rank: 12
IHAK Sharpe Ratio Rank: 12
IHAK Sortino Ratio Rank: 12
IHAK Omega Ratio Rank: 12
IHAK Calmar Ratio Rank: 11
IHAK Martin Ratio Rank: 11

TECB

TECB Risk / Return Rank: 38
TECB Sharpe Ratio Rank: 43
TECB Sortino Ratio Rank: 41
TECB Omega Ratio Rank: 39
TECB Calmar Ratio Rank: 34
TECB Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IHAK vs. TECB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Cybersecurity & Tech ETF (IHAK) and iShares U.S. Tech Breakthrough Multisector ETF (TECB). 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	TECB	Difference
Sharpe ratio: Return per unit of total volatility	0.25	1.44	-1.19
Sortino ratio: Return per unit of downside risk	0.50	1.99	-1.49
Omega ratio: Gain probability vs. loss probability	1.06	1.25	-0.18
Calmar ratio: Return relative to maximum drawdown	0.26	1.62	-1.37
Martin ratio: Return relative to average drawdown	0.59	4.64	-4.05

IHAK vs. TECB - Sharpe Ratio Comparison

The current IHAK Sharpe Ratio is 0.25, which is lower than the TECB Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of IHAK and TECB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IHAK vs. TECB - Drawdown Comparison

The maximum IHAK drawdown since its inception was -34.42%, smaller than the maximum TECB drawdown of -41.62%. Use the drawdown chart below to compare losses from any high point for IHAK and TECB.

Drawdown Indicators

	IHAK	TECB	Difference
Max Drawdown Largest peak-to-trough decline	-34.42%	-41.62%	+7.20%
Max Drawdown (1Y) Largest decline over 1 year	-23.48%	-16.24%	-7.24%
Max Drawdown (3Y) Largest decline over 3 years	-23.48%	-23.91%	+0.43%
Max Drawdown (5Y) Largest decline over 5 years	-34.42%	-41.62%	+7.20%
Current Drawdown Current decline from peak	-10.59%	-6.03%	-4.56%
Average Drawdown Average peak-to-trough decline	-10.74%	-10.14%	-0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.17%	5.67%	+4.50%

Volatility

IHAK vs. TECB - Volatility Comparison

iShares Cybersecurity & Tech ETF (IHAK) has a higher volatility of 10.23% compared to iShares U.S. Tech Breakthrough Multisector ETF (TECB) at 8.36%. This indicates that IHAK's price experiences larger fluctuations and is considered to be riskier than TECB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IHAK	TECB	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.23%	8.36%	+1.87%
Volatility (6M) Calculated over the trailing 6-month period	20.48%	14.80%	+5.68%
Volatility (1Y) Calculated over the trailing 1-year period	24.47%	18.34%	+6.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.66%	23.70%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.40%	25.43%	-1.03%

IHAK vs. TECB - Expense Ratio Comparison

IHAK has a 0.47% expense ratio, which is higher than TECB's 0.40% expense ratio.

Dividends

IHAK vs. TECB - Dividend Comparison

IHAK's dividend yield for the trailing twelve months is around 0.08%, less than TECB's 0.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IHAK iShares Cybersecurity & Tech ETF	0.08%	0.08%	0.20%	0.13%	0.25%	0.50%	0.40%	0.50%
TECB iShares U.S. Tech Breakthrough Multisector ETF	0.31%	0.33%	0.35%	0.23%	0.61%	0.35%	0.77%	0.00%

Frequently Asked Questions

Can I hold both IHAK and TECB in my portfolio?

IHAK and TECB have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IHAK or TECB?

IHAK has higher volatility (10.23%) compared to TECB (8.36%). In terms of maximum drawdown, IHAK dropped -34.42% vs TECB's -41.62%.

Which ETF is better, IHAK or TECB?

On 5-year performance, TECB leads with 12.38% vs 4.93% for IHAK. On fees, TECB is cheaper at 0.40% per year. On volatility, TECB has been the lower-risk option at 8.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IHAK or TECB?

Over the 5-year period, TECB has performed better with a 12.38% return vs 4.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IHAK or TECB?

TECB is cheaper with a 0.40% expense ratio, compared with 0.47% for IHAK.

Which ETF pays a higher dividend yield, IHAK or TECB?

TECB has the higher dividend yield at 0.31%, compared with 0.08% for IHAK.

What is the main difference between IHAK and TECB?

IHAK tracks NYSE FactSet Global Cyber Security Index, while TECB tracks NYSE FactSet U.S. Tech Breakthrough Index. Their fees differ too: 0.47% for IHAK and 0.40% for TECB.

Which has better risk-adjusted returns?

TECB currently has the higher Sharpe Ratio (1.44 vs 0.25), 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.