IYW vs. EDEN
IYW (iShares U.S. Technology ETF) and EDEN (iShares MSCI Denmark ETF) are both exchange-traded funds - IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index, while EDEN is a Europe Equities fund tracking the MSCI Denmark IMI 25/50 Index. Both are passively managed. Over the past 10 years, IYW returned 25.53%/yr vs 8.44%/yr for EDEN. At a 0.50 correlation, their price movements are largely independent. IYW charges 0.38%/yr vs 0.53%/yr for EDEN.
Performance
IYW vs. EDEN - Performance Comparison
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Returns By Period
In the year-to-date period, IYW achieves a 22.81% return, which is significantly higher than EDEN's -5.83% return. Over the past 10 years, IYW has outperformed EDEN with an annualized return of 25.53%, while EDEN has yielded a comparatively lower 8.44% annualized return.
IYW
- 1D
- 1.61%
- 1M
- 2.72%
- YTD
- 22.81%
- 6M
- 20.20%
- 1Y
- 50.11%
- 3Y*
- 33.35%
- 5Y*
- 21.56%
- 10Y*
- 25.53%
EDEN
- 1D
- -1.08%
- 1M
- -3.88%
- YTD
- -5.83%
- 6M
- -2.08%
- 1Y
- -6.41%
- 3Y*
- 2.17%
- 5Y*
- 1.47%
- 10Y*
- 8.44%
IYW vs. EDEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 22.81% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
EDEN iShares MSCI Denmark ETF | -5.83% | 10.58% | -3.94% | 17.99% | -11.47% | 14.81% | 42.56% | 24.37% | -14.43% | 35.39% |
Correlation
The correlation between IYW and EDEN is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2012 | 0.50 |
The correlation between IYW and EDEN has been stable across timeframes, ranging from 0.41 to 0.51 - a consistent structural relationship.
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Return for Risk
IYW vs. EDEN — Risk / Return Rank
IYW
EDEN
IYW vs. EDEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and iShares MSCI Denmark ETF (EDEN). 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 | EDEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.71 | ||
| Sortino ratioReturn per unit of downside risk | +3.26 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.96 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | -0.30 | +3.13 |
| Martin ratioReturn relative to average drawdown | 9.20 | -0.63 | +9.84 |
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 | EDEN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | -0.31 | +2.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.07 | +0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | 0.44 | +0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.63 | -0.29 |
Drawdowns
IYW vs. EDEN - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.90%, which is greater than EDEN's maximum drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for IYW and EDEN.
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Drawdown Indicators
| IYW | EDEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -36.61% | -45.29% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -21.17% | +3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | -29.31% | +2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -39.44% | -36.61% | -2.83% |
Max Drawdown (10Y)Largest decline over 10 years | -39.44% | -36.61% | -2.83% |
Current DrawdownCurrent decline from peak | -5.70% | -16.04% | +10.34% |
Average DrawdownAverage peak-to-trough decline | -34.64% | -7.37% | -27.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.46% | 10.14% | -4.68% |
Volatility
IYW vs. EDEN - Volatility Comparison
iShares U.S. Technology ETF (IYW) has a higher volatility of 8.86% compared to iShares MSCI Denmark ETF (EDEN) at 4.45%. This indicates that IYW's price experiences larger fluctuations and is considered to be riskier than EDEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYW | EDEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.86% | 4.45% | +4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 17.10% | 15.77% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.05% | 20.91% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.01% | 20.23% | +5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.18% | 19.44% | +5.74% |
IYW vs. EDEN - Expense Ratio Comparison
IYW has a 0.38% expense ratio, which is lower than EDEN's 0.53% expense ratio.
Dividends
IYW vs. EDEN - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.11%, less than EDEN's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | 2.96% | 2.79% | 1.50% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% |
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 EDEN have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (8.86%) compared to EDEN (4.45%). In terms of maximum drawdown, IYW dropped -81.90% vs EDEN's -36.61%.
On 10-year performance, IYW leads with 25.53% vs 8.44% for EDEN. On fees, IYW is cheaper at 0.38% per year. On volatility, EDEN has been the lower-risk option at 4.45%. 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 25.53% return vs 8.44%. 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 0.53% for EDEN.
EDEN has the higher dividend yield at 2.96%, compared with 0.11% for IYW.
IYW is categorized as Technology Equities, while EDEN is Europe Equities. IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index, while EDEN tracks MSCI Denmark IMI 25/50 Index. Their fees differ too: 0.38% for IYW and 0.53% for EDEN.
IYW currently has the higher Sharpe Ratio (2.40 vs -0.31), 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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