IXP vs. IYW
Compare and contrast key facts about iShares Global Comm Services ETF (IXP) and iShares U.S. Technology ETF (IYW).
IXP and IYW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IXP is a passively managed fund by iShares that tracks the performance of the S&P Global 1200 Communication Services 4.5/22.5/45 Capped. It was launched on Nov 12, 2001. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000. Both IXP and IYW 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: IXP or IYW.
Performance
IXP vs. IYW - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with IXP having a 28.51% return and IYW slightly higher at 29.75%. Over the past 10 years, IXP has underperformed IYW with an annualized return of 6.67%, while IYW has yielded a comparatively higher 20.62% annualized return.
IXP
28.51%
1.71%
11.61%
30.85%
11.25%
6.67%
IYW
29.75%
1.73%
13.48%
35.89%
24.22%
20.62%
Key characteristics
| IXP | IYW | |
|---|---|---|
| Sharpe Ratio | 2.18 | 1.73 |
| Sortino Ratio | 3.00 | 2.27 |
| Omega Ratio | 1.39 | 1.31 |
| Calmar Ratio | 1.71 | 2.27 |
| Martin Ratio | 13.65 | 7.85 |
| Ulcer Index | 2.34% | 4.66% |
| Daily Std Dev | 14.65% | 21.16% |
| Max Drawdown | -50.13% | -81.89% |
| Current Drawdown | -2.14% | -1.41% |
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IXP vs. IYW - Expense Ratio Comparison
IXP has a 0.43% expense ratio, which is higher than IYW's 0.42% expense ratio.
Correlation
The correlation between IXP and IYW is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
IXP vs. IYW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Comm Services ETF (IXP) 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.
Dividends
IXP vs. IYW - Dividend Comparison
IXP's dividend yield for the trailing twelve months is around 0.96%, more than IYW's 0.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXP iShares Global Comm Services ETF | 0.96% | 1.24% | 1.43% | 1.80% | 0.95% | 2.18% | 4.32% | 3.40% | 4.02% | 3.89% | 12.39% | 3.40% |
IYW iShares U.S. Technology ETF | 0.31% | 0.40% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% | 1.06% |
Drawdowns
IXP vs. IYW - Drawdown Comparison
The maximum IXP drawdown since its inception was -50.13%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for IXP and IYW. For additional features, visit the drawdowns tool.
Volatility
IXP vs. IYW - Volatility Comparison
The current volatility for iShares Global Comm Services ETF (IXP) is 3.98%, while iShares U.S. Technology ETF (IYW) has a volatility of 6.38%. This indicates that IXP experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.