IREN vs. IGV
IREN (IREN Limited) is a stock, while IGV (iShares Expanded Tech-Software Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Software Index. Over the past 3 years, IREN returned 155.58%/yr vs 10.04%/yr for IGV. At a 0.37 correlation, their price movements are largely independent.
Performance
IREN vs. IGV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IREN achieves a 58.25% return, which is significantly higher than IGV's -14.18% return.
IREN
- 1D
- 5.40%
- 1M
- 8.34%
- YTD
- 58.25%
- 6M
- 48.94%
- 1Y
- 487.71%
- 3Y*
- 155.58%
- 5Y*
- —
- 10Y*
- —
IGV
- 1D
- -0.24%
- 1M
- 2.37%
- YTD
- -14.18%
- 6M
- -16.00%
- 1Y
- -15.27%
- 3Y*
- 10.04%
- 5Y*
- 3.91%
- 10Y*
- 15.87%
IREN vs. IGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IREN IREN Limited | 58.25% | 284.62% | 37.34% | 472.00% | -92.27% | -42.25% |
IGV iShares Expanded Tech-Software Sector ETF | -14.18% | 5.56% | 23.41% | 58.56% | -35.65% | -10.80% |
Correlation
The correlation between IREN and IGV is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.37 |
The correlation between IREN and IGV shifts across timeframes, from 0.24 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IREN vs. IGV — Risk / Return Rank
IREN
IGV
IREN vs. IGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IREN Limited (IREN) and iShares Expanded Tech-Software Sector ETF (IGV). 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.
| IREN | IGV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.31 | ||
| Sortino ratioReturn per unit of downside risk | +4.27 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.93 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 8.39 | -0.42 | +8.81 |
| Martin ratioReturn relative to average drawdown | 15.97 | -0.87 | +16.84 |
Loading charts...
Drawdowns
IREN vs. IGV - Drawdown Comparison
The maximum IREN drawdown since its inception was -96.21%, which is greater than IGV's maximum drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for IREN and IGV.
Loading charts...
Drawdown Indicators
| IREN | IGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.21% | -63.45% | -32.76% |
Max Drawdown (1Y)Largest decline over 1 year | -58.62% | -36.61% | -22.01% |
Max Drawdown (3Y)Largest decline over 3 years | -65.56% | -36.61% | -28.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.85% | — |
Current DrawdownCurrent decline from peak | -21.78% | -23.00% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -65.42% | -14.45% | -50.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.74% | 17.55% | +13.19% |
Volatility
IREN vs. IGV - Volatility Comparison
IREN Limited (IREN) has a higher volatility of 34.10% compared to iShares Expanded Tech-Software Sector ETF (IGV) at 12.57%. This indicates that IREN's price experiences larger fluctuations and is considered to be riskier than IGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IREN | IGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.10% | 12.57% | +21.53% |
Volatility (6M)Calculated over the trailing 6-month period | 75.79% | 24.80% | +50.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.25% | 28.06% | +75.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.61% | 27.92% | +90.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 118.61% | 26.39% | +92.22% |
Dividends
IREN vs. IGV - Dividend Comparison
Neither IREN nor IGV has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.35% | 0.02% | 0.16% | 0.09% | 0.82% | 0.22% |
IREN IREN Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IREN and IGV have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IREN has higher volatility (34.10%) compared to IGV (12.57%). In terms of maximum drawdown, IREN dropped -96.21% vs IGV's -63.45%.
IREN currently has the higher Sharpe Ratio (4.76 vs -0.55), 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.
Find the right allocation for IREN and IGV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer