IXN vs. AZO
IXN (iShares Global Tech ETF) is Technology Equities fund tracking the S&P Global Information Technology Sector Index, while AZO (AutoZone, Inc.) is a stock. Over the past 10 years, IXN returned 23.57%/yr vs 13.96%/yr for AZO. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
IXN vs. AZO - Performance Comparison
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Returns By Period
In the year-to-date period, IXN achieves a 26.76% return, which is significantly higher than AZO's -12.80% return. Over the past 10 years, IXN has outperformed AZO with an annualized return of 23.57%, while AZO has yielded a comparatively lower 13.96% annualized return.
IXN
- 1D
- -1.69%
- 1M
- -5.35%
- 6M
- 24.12%
- YTD
- 26.76%
- 1Y
- 40.62%
- 3Y*
- 28.82%
- 5Y*
- 18.59%
- 10Y*
- 23.57%
- ALL TIME*
- 12.23%
AZO
- 1D
- 1.16%
- 1M
- -3.32%
- 6M
- -20.07%
- YTD
- -12.80%
- 1Y
- -22.60%
- 3Y*
- 5.74%
- 5Y*
- 12.62%
- 10Y*
- 13.96%
- ALL TIME*
- 18.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $474.96M | $962.75M | $1.17B | |
| $55.36M | $52.46M | $63.11M |
IXN vs. AZO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 26.76% | 25.25% | 24.84% | 52.98% | -29.86% | 29.58% | 43.62% | 47.88% | -5.44% | 41.23% |
AZO AutoZone, Inc. | -12.80% | 5.92% | 23.84% | 4.84% | 17.64% | 76.84% | -0.49% | 42.10% | 17.85% | -9.93% |
Correlation
The correlation between IXN and AZO is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2001 | 0.30 |
The correlation between IXN and AZO shifts across timeframes, from -0.08 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IXN vs. AZO — Risk / Return Rank
IXN
AZO
IXN vs. AZO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) and AutoZone, Inc. (AZO). 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.
| IXN | AZO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.36 | ||
| Sortino ratioReturn per unit of downside risk | +3.05 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.88 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | -0.70 | +3.68 |
| Martin ratioReturn relative to average drawdown | 8.35 | -1.25 | +9.60 |
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Drawdowns
IXN vs. AZO - Drawdown Comparison
The maximum IXN drawdown since its inception was -55.67%, which is greater than AZO's maximum drawdown of -46.32%. Use the drawdown chart below to compare losses from any high point for IXN and AZO.
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Drawdown Indicators
| IXN | AZO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -46.32% | -9.35% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -32.86% | +19.06% |
Max Drawdown (3Y)Largest decline over 3 years | -25.55% | -32.86% | +7.31% |
Max Drawdown (5Y)Largest decline over 5 years | -36.30% | -32.86% | -3.44% |
Max Drawdown (10Y)Largest decline over 10 years | -36.30% | -42.14% | +5.84% |
Current DrawdownCurrent decline from peak | -11.11% | -32.08% | +20.97% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -10.94% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.91% | 18.40% | -13.49% |
Volatility
IXN vs. AZO - Volatility Comparison
The current volatility for iShares Global Tech ETF (IXN) is 9.23%, while AutoZone, Inc. (AZO) has a volatility of 10.42%. This indicates that IXN experiences smaller price fluctuations and is considered to be less risky than AZO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IXN | AZO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.23% | 10.42% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 22.90% | 23.39% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.53% | 28.52% | -1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.70% | 24.86% | +0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.78% | 26.70% | -1.92% |
Dividends
IXN vs. AZO - Dividend Comparison
IXN's dividend yield for the trailing twelve months is around 0.82%, while AZO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AZO AutoZone, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IXN iShares Global Tech ETF | 0.82% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
Frequently Asked Questions
IXN and AZO have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AZO has higher volatility (10.42%) compared to IXN (9.23%). In terms of maximum drawdown, IXN dropped -55.67% vs AZO's -46.32%.
IXN currently has the higher Sharpe Ratio (1.55 vs -0.81), 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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