IMTX vs. IYW
IMTX (Immatics N.V.) is a stock, while IYW (iShares U.S. Technology ETF) is Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Over the past 5 years, IMTX returned -4.74%/yr vs 20.14%/yr for IYW. At a 0.25 correlation, their price movements are largely independent.
Performance
IMTX vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, IMTX achieves a -7.81% return, which is significantly lower than IYW's 25.32% return.
IMTX
- 1D
- -2.81%
- 1M
- 3.20%
- 6M
- 5.56%
- YTD
- -7.81%
- 1Y
- 62.14%
- 3Y*
- -5.74%
- 5Y*
- -4.74%
- 10Y*
- —
IYW
- 1D
- 0.32%
- 1M
- 2.17%
- 6M
- 24.04%
- YTD
- 25.32%
- 1Y
- 43.02%
- 3Y*
- 32.58%
- 5Y*
- 20.14%
- 10Y*
- 25.51%
IMTX vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IMTX Immatics N.V. | -7.81% | 47.68% | -32.48% | 20.90% | -35.19% | 24.56% | -31.49% |
IYW iShares U.S. Technology ETF | 25.32% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 25.95% |
Correlation
The correlation between IMTX and IYW is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2020 | 0.25 |
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Return for Risk
IMTX vs. IYW — Risk / Return Rank
IMTX
IYW
IMTX vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Immatics N.V. (IMTX) 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.
| IMTX | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.32 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.40 | -0.18 |
| Martin ratioReturn relative to average drawdown | 4.65 | 7.47 | -2.82 |
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Drawdowns
IMTX vs. IYW - Drawdown Comparison
The maximum IMTX drawdown since its inception was -77.78%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for IMTX and IYW.
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Drawdown Indicators
| IMTX | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.78% | -81.90% | +4.12% |
Max Drawdown (1Y)Largest decline over 1 year | -27.80% | -17.81% | -9.99% |
Max Drawdown (3Y)Largest decline over 3 years | -74.05% | -26.47% | -47.58% |
Max Drawdown (5Y)Largest decline over 5 years | -77.36% | -39.44% | -37.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.44% | — |
Current DrawdownCurrent decline from peak | -38.54% | -3.76% | -34.78% |
Average DrawdownAverage peak-to-trough decline | -37.40% | -34.54% | -2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.22% | 5.70% | +7.52% |
Volatility
IMTX vs. IYW - Volatility Comparison
Immatics N.V. (IMTX) has a higher volatility of 13.05% compared to iShares U.S. Technology ETF (IYW) at 9.87%. This indicates that IMTX's price experiences larger fluctuations and is considered to be riskier 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
| IMTX | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.05% | 9.87% | +3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 37.02% | 19.15% | +17.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.65% | 22.83% | +40.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.29% | 26.33% | +31.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.33% | 25.27% | +32.06% |
Dividends
IMTX vs. IYW - Dividend Comparison
IMTX has not paid dividends to shareholders, while IYW's dividend yield for the trailing twelve months is around 0.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMTX Immatics N.V. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYW iShares U.S. Technology ETF | 0.10% | 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
IMTX and IYW have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMTX has higher volatility (13.05%) compared to IYW (9.87%). In terms of maximum drawdown, IMTX dropped -77.78% vs IYW's -81.90%.
IYW currently has the higher Sharpe Ratio (1.87 vs 0.97), 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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