IYW vs. AZO
IYW (iShares U.S. Technology ETF) is Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index, while AZO (AutoZone, Inc.) is a stock. Over the past 10 years, IYW returned 24.41%/yr vs 13.96%/yr for AZO. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
IYW vs. AZO - Performance Comparison
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Returns By Period
In the year-to-date period, IYW achieves a 18.31% return, which is significantly higher than AZO's -12.80% return. Over the past 10 years, IYW has outperformed AZO with an annualized return of 24.41%, while AZO has yielded a comparatively lower 13.96% annualized return.
IYW
- 1D
- -1.03%
- 1M
- -3.24%
- 6M
- 18.28%
- YTD
- 18.31%
- 1Y
- 31.33%
- 3Y*
- 28.65%
- 5Y*
- 18.19%
- 10Y*
- 24.41%
- ALL TIME*
- 9.13%
AZO
- 1D
- 1.16%
- 1M
- -3.32%
- 6M
- -20.07%
- YTD
- -12.80%
- 1Y
- -22.60%
- 3Y*
- 5.74%
- 5Y*
- 12.62%
- 10Y*
- 13.96%
- ALL TIME*
- 18.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $474.96M | $962.75M | $1.17B | |
| $135.79M | $149.12M | $198.70M |
IYW vs. AZO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 18.31% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
AZO AutoZone, Inc. | -12.80% | 5.92% | 23.84% | 4.84% | 17.64% | 76.84% | -0.49% | 42.10% | 17.85% | -9.93% |
Correlation
The correlation between IYW and AZO is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 19, 2000 | 0.31 |
The correlation between IYW and AZO shifts across timeframes, from -0.05 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IYW vs. AZO — Risk / Return Rank
IYW
AZO
IYW vs. AZO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and AutoZone, Inc. (AZO). 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.
| IYW | AZO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.18 | ||
| Sortino ratioReturn per unit of downside risk | +2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.88 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | -0.70 | +2.49 |
| Martin ratioReturn relative to average drawdown | 5.42 | -1.25 | +6.68 |
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Drawdowns
IYW vs. AZO - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.90%, which is greater than AZO's maximum drawdown of -46.32%. Use the drawdown chart below to compare losses from any high point for IYW and AZO.
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Drawdown Indicators
| IYW | AZO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -46.32% | -35.58% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -32.86% | +15.05% |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | -32.86% | +6.39% |
Max Drawdown (5Y)Largest decline over 5 years | -39.44% | -32.86% | -6.58% |
Max Drawdown (10Y)Largest decline over 10 years | -39.44% | -42.14% | +2.70% |
Current DrawdownCurrent decline from peak | -9.15% | -32.08% | +22.93% |
Average DrawdownAverage peak-to-trough decline | -34.50% | -10.94% | -23.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.86% | 18.40% | -12.54% |
Volatility
IYW vs. AZO - Volatility Comparison
The current volatility for iShares U.S. Technology ETF (IYW) is 7.58%, while AutoZone, Inc. (AZO) has a volatility of 10.42%. This indicates that IYW experiences smaller price fluctuations and is considered to be less risky than AZO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYW | AZO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.58% | 10.42% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 19.41% | 23.39% | -3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.29% | 28.52% | -5.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.38% | 24.86% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.31% | 26.70% | -1.39% |
Dividends
IYW vs. AZO - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.11%, while AZO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AZO AutoZone, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
IYW and AZO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AZO has higher volatility (10.42%) compared to IYW (7.58%). In terms of maximum drawdown, IYW dropped -81.90% vs AZO's -46.32%.
IYW currently has the higher Sharpe Ratio (1.37 vs -0.81), 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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