IXN vs. IGM
Compare and contrast key facts about iShares Global Tech ETF (IXN) and iShares Expanded Tech Sector ETF (IGM).
IXN and IGM 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. IGM is a passively managed fund by iShares that tracks the performance of the S&P North American Technology Sector Index. It was launched on Mar 13, 2001. Both IXN and IGM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IXN or IGM.
Performance
IXN vs. IGM - Performance Comparison
Returns By Period
In the year-to-date period, IXN achieves a 20.95% return, which is significantly lower than IGM's 32.96% return. Over the past 10 years, IXN has underperformed IGM with an annualized return of 18.99%, while IGM has yielded a comparatively higher 20.07% annualized return.
IXN
20.95%
-1.68%
7.32%
27.68%
20.76%
18.99%
IGM
32.96%
1.13%
11.68%
42.34%
21.31%
20.07%
Key characteristics
| IXN | IGM | |
|---|---|---|
| Sharpe Ratio | 1.29 | 2.02 |
| Sortino Ratio | 1.78 | 2.65 |
| Omega Ratio | 1.24 | 1.36 |
| Calmar Ratio | 1.64 | 2.87 |
| Martin Ratio | 5.23 | 10.36 |
| Ulcer Index | 5.31% | 4.09% |
| Daily Std Dev | 21.50% | 21.02% |
| Max Drawdown | -55.67% | -65.59% |
| Current Drawdown | -6.27% | -3.10% |
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IXN vs. IGM - Expense Ratio Comparison
Both IXN and IGM have an expense ratio of 0.46%.
Correlation
The correlation between IXN and IGM is 0.91, 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. IGM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) and iShares Expanded Tech Sector ETF (IGM). 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. IGM - Dividend Comparison
IXN's dividend yield for the trailing twelve months is around 0.45%, more than IGM's 0.32% 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% |
IGM iShares Expanded Tech Sector ETF | 0.32% | 0.39% | 0.53% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% | 0.88% | 0.78% |
Drawdowns
IXN vs. IGM - Drawdown Comparison
The maximum IXN drawdown since its inception was -55.67%, smaller than the maximum IGM drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for IXN and IGM. For additional features, visit the drawdowns tool.
Volatility
IXN vs. IGM - Volatility Comparison
The current volatility for iShares Global Tech ETF (IXN) is 5.57%, while iShares Expanded Tech Sector ETF (IGM) has a volatility of 6.35%. This indicates that IXN experiences smaller price fluctuations and is considered to be less risky than IGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.