IXN vs. IETC
Compare and contrast key facts about iShares Global Tech ETF (IXN) and iShares Evolved U.S. Technology ETF (IETC).
IXN and IETC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IXN is a passively managed fund by iShares that tracks the performance of the S&P Global Information Technology Sector Index. It was launched on Nov 12, 2001. IETC is an actively managed fund by iShares. It was launched on Mar 21, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IXN or IETC.
Performance
IXN vs. IETC - Performance Comparison
Returns By Period
In the year-to-date period, IXN achieves a 20.28% return, which is significantly lower than IETC's 30.28% return.
IXN
20.28%
-1.23%
8.04%
27.02%
20.50%
18.95%
IETC
30.28%
0.52%
14.85%
39.67%
21.99%
N/A
Key characteristics
| IXN | IETC | |
|---|---|---|
| Sharpe Ratio | 1.29 | 2.11 |
| Sortino Ratio | 1.78 | 2.76 |
| Omega Ratio | 1.24 | 1.38 |
| Calmar Ratio | 1.65 | 3.44 |
| Martin Ratio | 5.25 | 13.38 |
| Ulcer Index | 5.29% | 2.96% |
| Daily Std Dev | 21.46% | 18.79% |
| Max Drawdown | -55.67% | -38.48% |
| Current Drawdown | -6.80% | -3.69% |
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IXN vs. IETC - Expense Ratio Comparison
IXN has a 0.46% expense ratio, which is higher than IETC's 0.18% expense ratio.
Correlation
The correlation between IXN and IETC is 0.95, 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.
Risk-Adjusted Performance
IXN vs. IETC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) and iShares Evolved U.S. Technology ETF (IETC). 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.
Dividends
IXN vs. IETC - Dividend Comparison
IXN's dividend yield for the trailing twelve months is around 0.45%, less than IETC's 0.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.45% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% | 1.14% | 1.02% |
IETC iShares Evolved U.S. Technology ETF | 0.57% | 0.79% | 0.92% | 0.73% | 0.48% | 0.79% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IXN vs. IETC - Drawdown Comparison
The maximum IXN drawdown since its inception was -55.67%, which is greater than IETC's maximum drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for IXN and IETC. For additional features, visit the drawdowns tool.
Volatility
IXN vs. IETC - Volatility Comparison
The current volatility for iShares Global Tech ETF (IXN) is 5.55%, while iShares Evolved U.S. Technology ETF (IETC) has a volatility of 6.19%. This indicates that IXN experiences smaller price fluctuations and is considered to be less risky than IETC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.