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IHAK vs. TECB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IHAK vs. TECB

Last updated Aug 2, 2026
Documentation

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 6.85%/yr vs 11.65%/yr for TECB. Their correlation of 0.82 means they have usually moved in the same direction. 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.

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Returns By Period

In the year-to-date period, IHAK achieves a 25.74% return, which is significantly higher than TECB's 15.36% return.

IHAK

1D
1.42%
1M
-2.53%
6M
31.03%
YTD
25.74%
1Y
20.17%
3Y*
15.12%
5Y*
6.85%
10Y*
—
ALL TIME*
13.34%

TECB

1D
0.91%
1M
-2.28%
6M
17.32%
YTD
15.36%
1Y
24.28%
3Y*
21.60%
5Y*
11.65%
10Y*
—
ALL TIME*
17.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IHAK

iShares Cybersecurity & Tech ETF
$10.32M$10.82M$9.59M

TECB

iShares U.S. Tech Breakthrough Multisector ETF
$520.91K$676.45K$1.08M

IHAK vs. TECB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IHAK
iShares Cybersecurity & Tech ETF		25.74%-1.29%7.60%37.77%-25.81%11.13%44.43%
TECB
iShares U.S. Tech Breakthrough Multisector ETF		15.36%14.86%24.38%57.53%-34.39%19.60%39.90%

Correlation

The correlation between IHAK and TECB is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.69

Correlation (3Y)
Balances recent behavior with more history.

0.75

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.82

Correlation (All Time)
Calculated using the full available price history since Jan 10, 2020

0.82

The correlation between IHAK and TECB shifts across timeframes, from 0.69 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

IHAK vs. TECB - Sectors Allocation Comparison

Sectors
IHAK
TECB

Technology

97.1%
58.6%

Industrials

2.9%
1.0%

Communication Services

0.4%
11.6%

Basic Materials

-

-

Consumer Cyclical

-

5.2%

Consumer Defensive

-

-

Energy

-

0.6%

Financial Services

-

8.7%

Healthcare

-

12.4%

Real Estate

-

1.7%

Utilities

-

-

Technology

IHAK
97.1%
TECB
58.6%

Industrials

IHAK
2.9%
TECB
1.0%

Communication Services

IHAK
0.4%
TECB
11.6%

Basic Materials

IHAK

-

TECB

-

Consumer Cyclical

IHAK

-

TECB
5.2%

Consumer Defensive

IHAK

-

TECB

-

Energy

IHAK

-

TECB
0.6%

Financial Services

IHAK

-

TECB
8.7%

Healthcare

IHAK

-

TECB
12.4%

Real Estate

IHAK

-

TECB
1.7%

Utilities

IHAK

-

TECB

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Cybersecurity & Tech ETF

iShares U.S. Tech Breakthrough Multisector ETF

Often compared with IHAK:
IHAK vs. CIBRIHAK vs. BUGIHAK vs. WCBRIHAK vs. LOCK.LIHAK vs. HACKIHAK vs. SPYIHAK vs. CYSE.L
Often compared with TECB:
TECB vs. AIQTECB vs. BTEKTECB vs. IETCTECB vs. QQQMTECB vs. VGTTECB vs. XLKTECB vs. ARKK

Return for Risk

IHAK vs. TECB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IHAK
IHAK Risk / Return Rank: 2929
Overall Rank
IHAK Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
IHAK Sortino Ratio Rank: 3131
Sortino Ratio Rank
IHAK Omega Ratio Rank: 3030
Omega Ratio Rank
IHAK Calmar Ratio Rank: 2727
Calmar Ratio Rank
IHAK Martin Ratio Rank: 2626
Martin Ratio Rank
TECB
TECB Risk / Return Rank: 4242
Overall Rank
TECB Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
TECB Sortino Ratio Rank: 4545
Sortino Ratio Rank
TECB Omega Ratio Rank: 4343
Omega Ratio Rank
TECB Calmar Ratio Rank: 3838
Calmar Ratio Rank
TECB Martin Ratio Rank: 3737
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

IHAKTECBDifference
Sharpe ratioReturn per unit of total volatility
0.73
1.16

-0.42

Sortino ratioReturn per unit of downside risk
1.15
1.66

-0.51

Omega ratioGain probability vs. loss probability

1.14

1.20

-0.06

Calmar ratioReturn relative to maximum drawdown

0.84

1.35

-0.50

Martin ratioReturn relative to average drawdown

2.00

3.70

-1.69

IHAK vs. TECB - Sharpe Ratio Comparison

The current IHAK Sharpe Ratio is 0.73, which is lower than the TECB Sharpe Ratio of 1.16. 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.

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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.

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Drawdown Indicators

IHAKTECBDifference

Max Drawdown

Largest peak-to-trough decline

-34.42%

-41.62%

+7.20%

Max Drawdown (1Y)

Largest decline over 1 year

-22.60%

-16.24%

-6.36%

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

-7.32%

-5.33%

-1.99%

Average Drawdown

Average peak-to-trough decline

-10.65%

-10.05%

-0.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.47%

5.90%

+3.57%

Volatility

IHAK vs. TECB - Volatility Comparison

iShares Cybersecurity & Tech ETF (IHAK) has a higher volatility of 8.55% compared to iShares U.S. Tech Breakthrough Multisector ETF (TECB) at 5.14%. 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.

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Volatility by Period

IHAKTECBDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.55%

5.14%

+3.41%

Volatility (6M)

Calculated over the trailing 6-month period

22.03%

15.24%

+6.79%

Volatility (1Y)

Calculated over the trailing 1-year period

26.02%

18.89%

+7.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.02%

23.77%

+0.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.53%

25.31%

-0.78%

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 0.07%, less than TECB's 0.31% yield.

PositionTTM2025202420232022202120202019
IHAK
iShares Cybersecurity & Tech ETF		0.07%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

IHAK and TECB have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IHAK has higher volatility (8.55%) compared to TECB (5.14%). In terms of maximum drawdown, IHAK dropped -34.42% vs TECB's -41.62%.

On 5-year performance, TECB leads with 11.65% vs 6.85% for IHAK. On fees, TECB is cheaper at 0.40% per year. On volatility, TECB has been the lower-risk option at 5.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, TECB has performed better with a 11.65% return vs 6.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

TECB has the higher dividend yield at 0.31%, compared with 0.07% for IHAK.

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.

TECB currently has the higher Sharpe Ratio (1.16 vs 0.73), 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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