IWP vs. TEKX

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Russell Mid-Cap Growth ETF (IWP) and SPDR Galaxy Transformative Tech Accelerators ETF (TEKX).

IWP and TEKX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWP is a passively managed fund by iShares that tracks the performance of the Russell Midcap Growth Index. It was launched on Jul 17, 2001. TEKX is an actively managed fund by State Street Global Advisors. It was launched on Sep 9, 2024.

Performance

IWP vs. TEKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell Mid-Cap Growth ETF (IWP) and SPDR Galaxy Transformative Tech Accelerators ETF (TEKX). The values are adjusted to include any dividend payments, if applicable.

IWP vs. TEKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IWP iShares Russell Mid-Cap Growth ETF	-5.91%	8.45%	15.24%
TEKX SPDR Galaxy Transformative Tech Accelerators ETF	4.61%	40.92%	14.80%

Returns By Period

In the year-to-date period, IWP achieves a -5.91% return, which is significantly lower than TEKX's 4.61% return.

IWP

• 1D: 0.52%
• 1M: -5.80%
• YTD: -5.91%
• 6M: -9.13%
• 1Y: 9.02%
• 3Y*: 12.74%
• 5Y*: 4.89%
• 10Y*: 11.47%

TEKX

• 1D: 2.15%
• 1M: -9.79%
• YTD: 4.61%
• 6M: 0.67%
• 1Y: 82.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IWP vs. TEKX - Expense Ratio Comparison

IWP has a 0.23% expense ratio, which is lower than TEKX's 0.65% expense ratio.

TEKX

SPDR Galaxy Transformative Tech Accelerators ETF

IWP

iShares Russell Mid-Cap Growth ETF

Return for Risk

IWP vs. TEKX — Risk / Return Rank

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

IWP

IWP Risk / Return Rank: 25
IWP Sharpe Ratio Rank: 22
IWP Sortino Ratio Rank: 24
IWP Omega Ratio Rank: 23
IWP Calmar Ratio Rank: 28
IWP Martin Ratio Rank: 26

TEKX

TEKX Risk / Return Rank: 89
TEKX Sharpe Ratio Rank: 88
TEKX Sortino Ratio Rank: 88
TEKX Omega Ratio Rank: 80
TEKX Calmar Ratio Rank: 96
TEKX Martin Ratio Rank: 93

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.

IWP vs. TEKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Growth ETF (IWP) and SPDR Galaxy Transformative Tech Accelerators ETF (TEKX). 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.

	IWP	TEKX	Difference
Sharpe ratio Return per unit of total volatility	0.39	1.95	-1.56
Sortino ratio Return per unit of downside risk	0.73	2.57	-1.84
Omega ratio Gain probability vs. loss probability	1.10	1.33	-0.23
Calmar ratio Return relative to maximum drawdown	0.68	4.99	-4.32
Martin ratio Return relative to average drawdown	2.10	15.06	-12.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWP vs. TEKX - Sharpe Ratio Comparison

The current IWP Sharpe Ratio is 0.39, which is lower than the TEKX Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of IWP and TEKX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IWP	TEKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	1.95	-1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.90	-0.49

Correlation

The correlation between IWP and TEKX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IWP vs. TEKX - Dividend Comparison

IWP's dividend yield for the trailing twelve months is around 0.36%, more than TEKX's 0.34% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWP iShares Russell Mid-Cap Growth ETF	0.36%	0.37%	0.40%	0.54%	0.77%	0.30%	0.38%	0.59%	1.02%	0.78%	1.16%	0.98%
TEKX SPDR Galaxy Transformative Tech Accelerators ETF	0.34%	0.36%	3.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IWP vs. TEKX - Drawdown Comparison

The maximum IWP drawdown since its inception was -56.92%, which is greater than TEKX's maximum drawdown of -45.57%. Use the drawdown chart below to compare losses from any high point for IWP and TEKX.

Drawdown Indicators

	IWP	TEKX	Difference
Max Drawdown Largest peak-to-trough decline	-56.92%	-45.57%	-11.35%
Max Drawdown (1Y) Largest decline over 1 year	-14.79%	-17.92%	+3.13%
Max Drawdown (5Y) Largest decline over 5 years	-38.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.62%	—	—
Current Drawdown Current decline from peak	-11.22%	-12.15%	+0.93%
Average Drawdown Average peak-to-trough decline	-9.71%	-11.24%	+1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.76%	5.94%	-1.18%

Volatility

IWP vs. TEKX - Volatility Comparison

The current volatility for iShares Russell Mid-Cap Growth ETF (IWP) is 7.02%, while SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) has a volatility of 13.78%. This indicates that IWP experiences smaller price fluctuations and is considered to be less risky than TEKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWP	TEKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.02%	13.78%	-6.76%
Volatility (6M) Calculated over the trailing 6-month period	13.18%	28.69%	-15.51%
Volatility (1Y) Calculated over the trailing 1-year period	23.08%	42.84%	-19.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.34%	44.83%	-22.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.63%	44.83%	-23.20%