IXN vs. IEDI

Last updated Jun 4, 2026

IXN (iShares Global Tech ETF) and IEDI (iShares Evolved U.S. Discretionary Spending ETF) are both exchange-traded funds - IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index, while IEDI is a Consumer Discretionary Equities fund actively managed by iShares. IXN is passively managed, while IEDI is actively managed. Over the past 5 years, IXN returned 23.25%/yr vs 6.11%/yr for IEDI. A 0.69 correlation means they provide meaningful diversification when combined. IXN charges 0.46%/yr vs 0.18%/yr for IEDI.

Performance

IXN vs. IEDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Tech ETF (IXN) and iShares Evolved U.S. Discretionary Spending ETF (IEDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IXN achieves a 41.18% return, which is significantly higher than IEDI's -1.90% return.

IXN

• 1D: -1.00%
• 1M: 21.36%
• YTD: 41.18%
• 6M: 41.72%
• 1Y: 74.57%
• 3Y*: 36.05%
• 5Y*: 23.25%
• 10Y*: 25.57%

IEDI

• 1D: 0.44%
• 1M: -3.26%
• YTD: -1.90%
• 6M: -2.73%
• 1Y: 0.05%
• 3Y*: 13.10%
• 5Y*: 6.11%
• 10Y*: —

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

IXN vs. IEDI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IXN iShares Global Tech ETF	41.18%	25.25%	24.84%	52.98%	-29.86%	29.58%	43.62%	47.88%	-6.57%
IEDI iShares Evolved U.S. Discretionary Spending ETF	-1.90%	4.05%	22.11%	24.32%	-23.17%	21.19%	29.83%	31.07%	0.71%

Correlation

The correlation between IXN and IEDI is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Mar 26, 2018	0.69

Over the past year, the correlation between IXN and IEDI has dropped to 0.27 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

IXN vs. IEDI - Sectors Allocation Comparison

Sectors	IXN	IEDI
Technology	99.3%	3.1%
Industrials	0.2%	3.5%
Energy	0.1%	0.1%
Healthcare	0.1%	0.2%
Real Estate	0.0%	0.4%
Basic Materials	-	-
Communication Services	-	2.1%
Consumer Cyclical	-	64.1%
Consumer Defensive	-	24.8%
Financial Services	-	1.9%
Utilities	-	-

Return for Risk

IXN vs. IEDI — Risk / Return Rank

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

IXN

IXN Risk / Return Rank: 88
IXN Sharpe Ratio Rank: 92
IXN Sortino Ratio Rank: 88
IXN Omega Ratio Rank: 86
IXN Calmar Ratio Rank: 89
IXN Martin Ratio Rank: 86

IEDI

IEDI Risk / Return Rank: 9
IEDI Sharpe Ratio Rank: 9
IEDI Sortino Ratio Rank: 8
IEDI Omega Ratio Rank: 8
IEDI Calmar Ratio Rank: 9
IEDI Martin Ratio Rank: 9

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.

IXN vs. IEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) and iShares Evolved U.S. Discretionary Spending ETF (IEDI). 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.

	IXN	IEDI	Difference
Sharpe ratio: Return per unit of total volatility	3.41	0.00	+3.41
Sortino ratio: Return per unit of downside risk	4.14	0.11	+4.03
Omega ratio: Gain probability vs. loss probability	1.54	1.01	+0.53
Calmar ratio: Return relative to maximum drawdown	5.43	0.01	+5.43
Martin ratio: Return relative to average drawdown	18.73	0.01	+18.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IXN vs. IEDI - Sharpe Ratio Comparison

The current IXN Sharpe Ratio is 3.41, which is higher than the IEDI Sharpe Ratio of 0.00. The chart below compares the historical Sharpe Ratios of IXN and IEDI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IXN	IEDI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.41	0.00	+3.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.34	+0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.60	-0.06

Drawdowns

IXN vs. IEDI - Drawdown Comparison

The maximum IXN drawdown since its inception was -55.67%, which is greater than IEDI's maximum drawdown of -30.60%. Use the drawdown chart below to compare losses from any high point for IXN and IEDI.

Drawdown Indicators

	IXN	IEDI	Difference
Max Drawdown Largest peak-to-trough decline	-55.67%	-30.60%	-25.07%
Max Drawdown (1Y) Largest decline over 1 year	-13.80%	-9.44%	-4.36%
Max Drawdown (3Y) Largest decline over 3 years	-25.55%	-18.64%	-6.91%
Max Drawdown (5Y) Largest decline over 5 years	-36.30%	-29.79%	-6.51%
Max Drawdown (10Y) Largest decline over 10 years	-36.30%	—	—
Current Drawdown Current decline from peak	-1.00%	-7.63%	+6.63%
Average Drawdown Average peak-to-trough decline	-11.27%	-6.93%	-4.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	3.85%	+0.14%

Volatility

IXN vs. IEDI - Volatility Comparison

iShares Global Tech ETF (IXN) has a higher volatility of 7.95% compared to iShares Evolved U.S. Discretionary Spending ETF (IEDI) at 3.95%. This indicates that IXN's price experiences larger fluctuations and is considered to be riskier than IEDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IXN	IEDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.95%	3.95%	+4.00%
Volatility (6M) Calculated over the trailing 6-month period	17.85%	10.19%	+7.66%
Volatility (1Y) Calculated over the trailing 1-year period	21.98%	13.46%	+8.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.84%	18.21%	+6.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.40%	19.45%	+4.95%

IXN vs. IEDI - Expense Ratio Comparison

IXN has a 0.46% expense ratio, which is higher than IEDI's 0.18% expense ratio.

Dividends

IXN vs. IEDI - Dividend Comparison

IXN's dividend yield for the trailing twelve months is around 0.74%, less than IEDI's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEDI iShares Evolved U.S. Discretionary Spending ETF	0.99%	0.95%	0.90%	1.13%	3.38%	0.70%	0.83%	2.07%	1.57%	0.00%	0.00%	0.00%
IXN iShares Global Tech ETF	0.74%	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

Can I hold both IXN and IEDI in my portfolio?

IXN and IEDI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IXN or IEDI?

IXN has higher volatility (7.95%) compared to IEDI (3.95%). In terms of maximum drawdown, IXN dropped -55.67% vs IEDI's -30.60%.

Which ETF is better, IXN or IEDI?

On 5-year performance, IXN leads with 23.25% vs 6.11% for IEDI. On fees, IEDI is cheaper at 0.18% per year. On volatility, IEDI has been the lower-risk option at 3.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IXN or IEDI?

Over the 5-year period, IXN has performed better with a 23.25% return vs 6.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IXN or IEDI?

IEDI is cheaper with a 0.18% expense ratio, compared with 0.46% for IXN.

Which ETF pays a higher dividend yield, IXN or IEDI?

IEDI has the higher dividend yield at 0.99%, compared with 0.74% for IXN.

What is the main difference between IXN and IEDI?

IXN is categorized as Technology Equities, while IEDI is Consumer Discretionary Equities. Their fees differ too: 0.46% for IXN and 0.18% for IEDI.

Which has better risk-adjusted returns?

IXN currently has the higher Sharpe Ratio (3.41 vs 0.00), 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.