IYK vs. IYW
IYK (iShares U.S. Consumer Goods ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - IYK is a Consumer Staples Equities fund tracking the Dow Jones U.S. Consumer Goods Index, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past 10 years, IYK returned 9.42%/yr vs 25.63%/yr for IYW. At a 0.49 correlation, their price movements are largely independent. IYK charges 0.42%/yr vs 0.38%/yr for IYW.
Performance
IYK vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, IYK achieves a 10.91% return, which is significantly lower than IYW's 22.66% return. Over the past 10 years, IYK has underperformed IYW with an annualized return of 9.42%, while IYW has yielded a comparatively higher 25.63% annualized return.
IYK
- 1D
- 0.70%
- 1M
- 1.92%
- YTD
- 10.91%
- 6M
- 10.35%
- 1Y
- 7.28%
- 3Y*
- 6.56%
- 5Y*
- 6.67%
- 10Y*
- 9.42%
IYW
- 1D
- 0.61%
- 1M
- 0.73%
- YTD
- 22.66%
- 6M
- 23.40%
- 1Y
- 50.17%
- 3Y*
- 32.06%
- 5Y*
- 21.19%
- 10Y*
- 25.63%
IYK vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYK iShares U.S. Consumer Goods ETF | 10.91% | 4.78% | 5.27% | -2.84% | 3.57% | 17.32% | 32.65% | 28.12% | -13.84% | 16.53% |
IYW iShares U.S. Technology ETF | 22.66% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between IYK and IYW is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2000 | 0.49 |
The correlation between IYK and IYW shifts across timeframes, from -0.29 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IYK vs. IYW — Risk / Return Rank
IYK
IYW
IYK vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Consumer Goods ETF (IYK) 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.
| IYK | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.38 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 2.70 | -2.11 |
| Martin ratioReturn relative to average drawdown | 1.23 | 8.68 | -7.45 |
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Drawdowns
IYK vs. IYW - Drawdown Comparison
The maximum IYK drawdown since its inception was -42.64%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for IYK and IYW.
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Drawdown Indicators
| IYK | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.64% | -81.90% | +39.26% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -17.81% | +7.13% |
Max Drawdown (3Y)Largest decline over 3 years | -12.14% | -26.47% | +14.33% |
Max Drawdown (5Y)Largest decline over 5 years | -15.05% | -39.44% | +24.39% |
Max Drawdown (10Y)Largest decline over 10 years | -33.19% | -39.44% | +6.25% |
Current DrawdownCurrent decline from peak | -4.40% | -5.81% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -34.62% | +29.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 5.54% | -0.41% |
Volatility
IYK vs. IYW - Volatility Comparison
The current volatility for iShares U.S. Consumer Goods ETF (IYK) is 4.75%, while iShares U.S. Technology ETF (IYW) has a volatility of 9.41%. This indicates that IYK 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.
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Volatility by Period
| IYK | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 9.41% | -4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 17.67% | -7.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.59% | 21.47% | -8.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.05% | 26.07% | -13.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 25.20% | -9.67% |
IYK vs. IYW - Expense Ratio Comparison
IYK has a 0.42% expense ratio, which is higher than IYW's 0.38% expense ratio.
Dividends
IYK vs. IYW - Dividend Comparison
IYK's dividend yield for the trailing twelve months is around 2.56%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYK iShares U.S. Consumer Goods ETF | 2.56% | 2.75% | 2.63% | 2.74% | 2.16% | 1.49% | 1.42% | 2.21% | 2.81% | 1.74% | 2.63% | 2.11% |
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
IYK and IYW have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (9.41%) compared to IYK (4.75%). In terms of maximum drawdown, IYK dropped -42.64% vs IYW's -81.90%.
On 10-year performance, IYW leads with 25.63% vs 9.42% for IYK. On fees, IYW is cheaper at 0.38% per year. On volatility, IYK has been the lower-risk option at 4.75%. 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 25.63% return vs 9.42%. 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 0.42% for IYK.
IYK has the higher dividend yield at 2.56%, compared with 0.11% for IYW.
IYK is categorized as Consumer Staples Equities, while IYW is Technology Equities. IYK tracks Dow Jones U.S. Consumer Goods Index, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. Their fees differ too: 0.42% for IYK and 0.38% for IYW.
IYW currently has the higher Sharpe Ratio (2.24 vs 0.50), 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.
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