IYR vs. IGV

Last updated Jun 13, 2026

IYR (iShares U.S. Real Estate ETF) and IGV (iShares Expanded Tech-Software Sector ETF) are both exchange-traded funds - IYR is a REIT fund tracking the Dow Jones U.S. Real Estate Index, while IGV is a Technology Equities fund tracking the S&P North American Expanded Technology Software Index. Both are passively managed. Over the past 10 years, IYR returned 5.97%/yr vs 15.87%/yr for IGV. At a 0.48 correlation, their price movements are largely independent. IYR charges 0.42%/yr vs 0.39%/yr for IGV.

Performance

IYR vs. IGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Real Estate ETF (IYR) and iShares Expanded Tech-Software Sector ETF (IGV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IYR achieves a 11.47% return, which is significantly higher than IGV's -14.18% return. Over the past 10 years, IYR has underperformed IGV with an annualized return of 5.97%, while IGV has yielded a comparatively higher 15.87% annualized return.

IYR

• 1D: 0.89%
• 1M: 2.31%
• YTD: 11.47%
• 6M: 11.46%
• 1Y: 11.41%
• 3Y*: 9.71%
• 5Y*: 2.47%
• 10Y*: 5.97%

IGV

• 1D: -0.24%
• 1M: 2.37%
• YTD: -14.18%
• 6M: -16.00%
• 1Y: -15.27%
• 3Y*: 10.04%
• 5Y*: 3.91%
• 10Y*: 15.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IYR vs. IGV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IYR iShares U.S. Real Estate ETF	11.47%	3.38%	4.41%	11.89%	-25.51%	38.74%	-5.23%	28.21%	-4.33%	9.31%
IGV iShares Expanded Tech-Software Sector ETF	-14.18%	5.56%	23.41%	58.56%	-35.65%	12.30%	52.86%	34.33%	12.44%	42.16%

Correlation

The correlation between IYR and IGV is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jul 13, 2001	0.48

Over the past year, the correlation between IYR and IGV has dropped to 0.02 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

IYR vs. IGV - Sectors Allocation Comparison

Sectors	IYR	IGV
Real Estate	97.9%	-
Basic Materials	1.3%	-
Communication Services	0.6%	8.6%
Consumer Cyclical	-	0.3%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	1.8%
Healthcare	-	-
Industrials	-	0.2%
Technology	-	89.2%
Utilities	-	-

Return for Risk

IYR vs. IGV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IYR

IYR Risk / Return Rank: 28
IYR Sharpe Ratio Rank: 27
IYR Sortino Ratio Rank: 25
IYR Omega Ratio Rank: 25
IYR Calmar Ratio Rank: 31
IYR Martin Ratio Rank: 32

IGV

IGV Risk / Return Rank: 5
IGV Sharpe Ratio Rank: 5
IGV Sortino Ratio Rank: 5
IGV Omega Ratio Rank: 5
IGV Calmar Ratio Rank: 6
IGV Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IYR vs. IGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Real Estate ETF (IYR) and iShares Expanded Tech-Software Sector ETF (IGV). 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.

	IYR	IGV	Difference
Sharpe ratio: Return per unit of total volatility	0.84	-0.55	+1.39
Sortino ratio: Return per unit of downside risk	1.24	-0.61	+1.85
Omega ratio: Gain probability vs. loss probability	1.15	0.93	+0.23
Calmar ratio: Return relative to maximum drawdown	1.34	-0.42	+1.76
Martin ratio: Return relative to average drawdown	4.19	-0.87	+5.06

IYR vs. IGV - Sharpe Ratio Comparison

The current IYR Sharpe Ratio is 0.84, which is higher than the IGV Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of IYR and IGV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IYR vs. IGV - Drawdown Comparison

The maximum IYR drawdown since its inception was -74.13%, which is greater than IGV's maximum drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for IYR and IGV.

Drawdown Indicators

	IYR	IGV	Difference
Max Drawdown Largest peak-to-trough decline	-74.13%	-63.45%	-10.68%
Max Drawdown (1Y) Largest decline over 1 year	-8.54%	-36.61%	+28.07%
Max Drawdown (3Y) Largest decline over 3 years	-17.52%	-36.61%	+19.09%
Max Drawdown (5Y) Largest decline over 5 years	-33.75%	-45.85%	+12.10%
Max Drawdown (10Y) Largest decline over 10 years	-42.32%	-45.85%	+3.53%
Current Drawdown Current decline from peak	0.00%	-23.00%	+23.00%
Average Drawdown Average peak-to-trough decline	-12.89%	-14.45%	+1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	17.55%	-14.82%

Volatility

IYR vs. IGV - Volatility Comparison

The current volatility for iShares U.S. Real Estate ETF (IYR) is 4.80%, while iShares Expanded Tech-Software Sector ETF (IGV) has a volatility of 12.57%. This indicates that IYR experiences smaller price fluctuations and is considered to be less risky than IGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYR	IGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	12.57%	-7.77%
Volatility (6M) Calculated over the trailing 6-month period	9.87%	24.80%	-14.93%
Volatility (1Y) Calculated over the trailing 1-year period	13.58%	28.06%	-14.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.76%	27.92%	-9.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.34%	26.39%	-6.05%

IYR vs. IGV - Expense Ratio Comparison

IYR has a 0.42% expense ratio, which is higher than IGV's 0.39% expense ratio.

Dividends

IYR vs. IGV - Dividend Comparison

IYR's dividend yield for the trailing twelve months is around 2.15%, while IGV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGV iShares Expanded Tech-Software Sector ETF	0.00%	0.00%	0.00%	0.01%	0.01%	0.00%	0.35%	0.02%	0.16%	0.09%	0.82%	0.22%
IYR iShares U.S. Real Estate ETF	2.15%	2.48%	2.57%	2.75%	2.92%	2.06%	2.58%	3.05%	3.53%	3.73%	4.41%	3.92%

Frequently Asked Questions

Can I hold both IYR and IGV in my portfolio?

IYR and IGV have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYR or IGV?

IGV has higher volatility (12.57%) compared to IYR (4.80%). In terms of maximum drawdown, IYR dropped -74.13% vs IGV's -63.45%.

Which ETF is better, IYR or IGV?

On 10-year performance, IGV leads with 15.87% vs 5.97% for IYR. On fees, IGV is cheaper at 0.39% per year. On volatility, IYR has been the lower-risk option at 4.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYR or IGV?

Over the 10-year period, IGV has performed better with a 15.87% return vs 5.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYR or IGV?

IGV is cheaper with a 0.39% expense ratio, compared with 0.42% for IYR.

Which ETF pays a higher dividend yield, IYR or IGV?

IYR has the higher dividend yield at 2.15%, compared with 0.00% for IGV.

What is the main difference between IYR and IGV?

IYR is categorized as REIT, while IGV is Technology Equities. IYR tracks Dow Jones U.S. Real Estate Index, while IGV tracks S&P North American Expanded Technology Software Index. Their fees differ too: 0.42% for IYR and 0.39% for IGV.

Which has better risk-adjusted returns?

IYR currently has the higher Sharpe Ratio (0.84 vs -0.55), 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.