IXN vs. IYW
IXN (iShares Global Tech ETF) and IYW (iShares U.S. Technology ETF) are both Technology Equities funds from iShares - IXN tracks the S&P Global Information Technology Sector Index while IYW tracks the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past 10 years, IXN returned 23.45%/yr vs 24.38%/yr for IYW. Their correlation of 0.91 means they have usually moved in the same direction. IXN charges 0.46%/yr vs 0.38%/yr for IYW.
Performance
IXN vs. IYW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IXN achieves a 26.51% return, which is significantly higher than IYW's 19.29% return. Both investments have delivered pretty close results over the past 10 years, with IXN having a 23.45% annualized return and IYW not far ahead at 24.38%.
IXN
- 1D
- -0.21%
- 1M
- -2.80%
- 6M
- 24.00%
- YTD
- 26.51%
- 1Y
- 42.54%
- 3Y*
- 28.76%
- 5Y*
- 18.70%
- 10Y*
- 23.45%
- ALL TIME*
- 12.22%
IYW
- 1D
- 0.46%
- 1M
- -2.23%
- 6M
- 20.08%
- YTD
- 19.29%
- 1Y
- 34.47%
- 3Y*
- 28.25%
- 5Y*
- 18.55%
- 10Y*
- 24.38%
- ALL TIME*
- 9.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.45M | $52.86M | $65.01M | |
| $125.49M | $126.55M | $189.91M |
IXN vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 26.51% | 25.25% | 24.84% | 52.98% | -29.86% | 29.58% | 43.62% | 47.88% | -5.44% | 41.23% |
IYW iShares U.S. Technology ETF | 19.29% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between IXN and IYW is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2001 | 0.91 |
The correlation between IXN and IYW has been stable across timeframes, ranging from 0.91 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IXN vs. IYW — Risk / Return Rank
IXN
IYW
IXN vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) and iShares U.S. Technology ETF (IYW). 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 | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 1.77 | +0.71 |
| Martin ratioReturn relative to average drawdown | 7.63 | 5.23 | +2.40 |
Loading charts...
Drawdowns
IXN vs. IYW - Drawdown Comparison
The maximum IXN drawdown since its inception was -55.67%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for IXN and IYW.
Loading charts...
Drawdown Indicators
| IXN | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -81.90% | +26.23% |
Max Drawdown (1Y)Largest decline over 1 year | -16.09% | -17.81% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -25.55% | -26.47% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -36.30% | -39.44% | +3.14% |
Max Drawdown (10Y)Largest decline over 10 years | -36.30% | -39.44% | +3.14% |
Current DrawdownCurrent decline from peak | -11.29% | -8.40% | -2.89% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -34.48% | +23.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 6.03% | -0.80% |
Volatility
IXN vs. IYW - Volatility Comparison
iShares Global Tech ETF (IXN) has a higher volatility of 10.37% compared to iShares U.S. Technology ETF (IYW) at 7.86%. This indicates that IXN's price experiences larger fluctuations and is considered to be riskier than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IXN | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.37% | 7.86% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 23.76% | 19.90% | +3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.43% | 23.79% | +3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.89% | 26.47% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.88% | 25.36% | -0.48% |
IXN vs. IYW - Expense Ratio Comparison
IXN has a 0.46% expense ratio, which is higher than IYW's 0.38% expense ratio.
Dividends
IXN vs. IYW - Dividend Comparison
IXN's dividend yield for the trailing twelve months is around 0.83%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.83% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
Frequently Asked Questions
With a correlation of 0.97, IXN and IYW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IXN has higher volatility (10.37%) compared to IYW (7.86%). In terms of maximum drawdown, IXN dropped -55.67% vs IYW's -81.90%.
On 10-year performance, IYW leads with 24.38% vs 23.45% for IXN. On fees, IYW is cheaper at 0.38% per year. On volatility, IYW has been the lower-risk option at 7.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IYW has performed better with a 24.38% return vs 23.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYW is cheaper with a 0.38% expense ratio, compared with 0.46% for IXN.
IXN has the higher dividend yield at 0.83%, compared with 0.11% for IYW.
IXN tracks S&P Global Information Technology Sector Index, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. Their fees differ too: 0.46% for IXN and 0.38% for IYW.
IXN currently has the higher Sharpe Ratio (1.46 vs 1.33), 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.
Find the right allocation for IXN and IYW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer