IVV vs. IYW
IVV (iShares Core S&P 500 ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - IVV is a S&P 500 fund tracking the S&P 500 Index, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past 10 years, IVV returned 15.54%/yr vs 26.11%/yr for IYW. Their correlation of 0.84 suggests significant overlap in exposure. IVV charges 0.03%/yr vs 0.38%/yr for IYW.
Performance
IVV vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, IVV achieves a 10.85% return, which is significantly lower than IYW's 29.03% return. Over the past 10 years, IVV has underperformed IYW with an annualized return of 15.54%, while IYW has yielded a comparatively higher 26.11% annualized return.
IVV
- 1D
- -0.76%
- 1M
- 4.97%
- YTD
- 10.85%
- 6M
- 10.87%
- 1Y
- 28.00%
- 3Y*
- 22.43%
- 5Y*
- 13.88%
- 10Y*
- 15.54%
IYW
- 1D
- -0.92%
- 1M
- 16.53%
- YTD
- 29.03%
- 6M
- 28.22%
- 1Y
- 59.52%
- 3Y*
- 35.24%
- 5Y*
- 22.87%
- 10Y*
- 26.11%
IVV vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 10.85% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
IYW iShares U.S. Technology ETF | 29.03% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between IVV and IYW is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 22, 2000 | 0.84 |
The correlation between IVV and IYW has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
IVV vs. IYW — Risk / Return Rank
IVV
IYW
IVV vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) 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.
| IVV | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.48 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.36 | -0.19 |
| Martin ratioReturn relative to average drawdown | 14.71 | 11.00 | +3.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IVV | IYW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 2.98 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.89 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 1.04 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.35 | +0.10 |
Drawdowns
IVV vs. IYW - Drawdown Comparison
The maximum IVV drawdown since its inception was -55.25%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for IVV and IYW.
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Drawdown Indicators
| IVV | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.25% | -81.90% | +26.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -17.81% | +8.92% |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | -26.47% | +7.72% |
Max Drawdown (5Y)Largest decline over 5 years | -24.53% | -39.44% | +14.91% |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | -39.44% | +5.54% |
Current DrawdownCurrent decline from peak | -0.76% | -0.92% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -10.78% | -34.66% | +23.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 5.43% | -3.52% |
Volatility
IVV vs. IYW - Volatility Comparison
The current volatility for iShares Core S&P 500 ETF (IVV) is 2.87%, while iShares U.S. Technology ETF (IYW) has a volatility of 6.30%. This indicates that IVV 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
| IVV | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 6.30% | -3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 8.90% | 15.85% | -6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.80% | 20.09% | -8.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 25.87% | -8.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 25.09% | -7.04% |
IVV vs. IYW - Expense Ratio Comparison
IVV has a 0.03% expense ratio, which is lower than IYW's 0.38% expense ratio.
Dividends
IVV vs. IYW - Dividend Comparison
IVV's dividend yield for the trailing twelve months is around 1.06%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 1.06% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
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
IVV and IYW have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (6.30%) compared to IVV (2.87%). In terms of maximum drawdown, IVV dropped -55.25% vs IYW's -81.90%.
On 10-year performance, IYW leads with 26.11% vs 15.54% for IVV. On fees, IVV is cheaper at 0.03% per year. On volatility, IVV has been the lower-risk option at 2.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IYW has performed better with a 26.11% return vs 15.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVV is cheaper with a 0.03% expense ratio, compared with 0.38% for IYW.
IVV has the higher dividend yield at 1.06%, compared with 0.11% for IYW.
IVV is categorized as S&P 500, while IYW is Technology Equities. IVV tracks S&P 500 Index, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. Their fees differ too: 0.03% for IVV and 0.38% for IYW.
IYW currently has the higher Sharpe Ratio (2.98 vs 2.39), 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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