IYW vs. BGSAX
Compare and contrast key facts about iShares U.S. Technology ETF (IYW) and BlackRock Technology Opportunities Fund Investor A (BGSAX).
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. BGSAX is managed by BlackRock. It was launched on Apr 15, 2000.
Performance
IYW vs. BGSAX - Performance Comparison
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IYW vs. BGSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | -7.61% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
BGSAX BlackRock Technology Opportunities Fund Investor A | -6.28% | 19.63% | 40.56% | 49.09% | -43.13% | 8.19% | 86.27% | 43.84% | 2.03% | 49.45% |
Returns By Period
In the year-to-date period, IYW achieves a -7.61% return, which is significantly lower than BGSAX's -6.28% return. Both investments have delivered pretty close results over the past 10 years, with IYW having a 21.74% annualized return and BGSAX not far behind at 20.75%.
IYW
- 1D
- 1.65%
- 1M
- -3.50%
- YTD
- -7.61%
- 6M
- -6.42%
- 1Y
- 30.19%
- 3Y*
- 26.02%
- 5Y*
- 15.85%
- 10Y*
- 21.74%
BGSAX
- 1D
- 4.78%
- 1M
- -7.25%
- YTD
- -6.28%
- 6M
- -7.98%
- 1Y
- 27.41%
- 3Y*
- 25.12%
- 5Y*
- 7.65%
- 10Y*
- 20.75%
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IYW vs. BGSAX - Expense Ratio Comparison
IYW has a 0.42% expense ratio, which is lower than BGSAX's 1.20% expense ratio.
Return for Risk
IYW vs. BGSAX — Risk / Return Rank
IYW
BGSAX
IYW vs. BGSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and BlackRock Technology Opportunities Fund Investor A (BGSAX). 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.
| IYW | BGSAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 1.02 | +0.10 |
Sortino ratioReturn per unit of downside risk | 1.73 | 1.56 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.35 | +0.42 |
Martin ratioReturn relative to average drawdown | 5.68 | 4.07 | +1.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IYW | BGSAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.02 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.28 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.81 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.38 | -0.08 |
Correlation
The correlation between IYW and BGSAX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IYW vs. BGSAX - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.15%, less than BGSAX's 14.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.15% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
BGSAX BlackRock Technology Opportunities Fund Investor A | 14.46% | 13.55% | 8.68% | 0.00% | 0.00% | 7.66% | 4.86% | 1.50% | 1.24% | 8.01% | 1.17% | 0.00% |
Drawdowns
IYW vs. BGSAX - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.90%, which is greater than BGSAX's maximum drawdown of -73.75%. Use the drawdown chart below to compare losses from any high point for IYW and BGSAX.
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Drawdown Indicators
| IYW | BGSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -73.75% | -8.15% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -18.49% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -39.44% | -49.22% | +9.78% |
Max Drawdown (10Y)Largest decline over 10 years | -39.44% | -49.22% | +9.78% |
Current DrawdownCurrent decline from peak | -12.65% | -14.59% | +1.94% |
Average DrawdownAverage peak-to-trough decline | -34.87% | -26.53% | -8.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.55% | 6.12% | -0.57% |
Volatility
IYW vs. BGSAX - Volatility Comparison
The current volatility for iShares U.S. Technology ETF (IYW) is 8.23%, while BlackRock Technology Opportunities Fund Investor A (BGSAX) has a volatility of 10.93%. This indicates that IYW experiences smaller price fluctuations and is considered to be less risky than BGSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYW | BGSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 10.93% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 15.99% | 19.27% | -3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.92% | 28.44% | -1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.78% | 27.43% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 25.60% | -0.62% |