IYW vs. FXAIX
IYW (iShares U.S. Technology ETF) and FXAIX (Fidelity 500 Index Fund) are both funds - IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IYW returned 25.53%/yr vs 15.25%/yr for FXAIX. Their correlation of 0.87 suggests significant overlap in exposure. IYW charges 0.38%/yr vs 0.02%/yr for FXAIX.
Performance
IYW vs. FXAIX - 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 FXAIX's 8.42% return. Over the past 10 years, IYW has outperformed FXAIX with an annualized return of 25.53%, while FXAIX has yielded a comparatively lower 15.25% 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%
FXAIX
- 1D
- -2.63%
- 1M
- -0.08%
- YTD
- 8.42%
- 6M
- 8.48%
- 1Y
- 24.54%
- 3Y*
- 21.52%
- 5Y*
- 13.40%
- 10Y*
- 15.25%
IYW vs. FXAIX - 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% |
FXAIX Fidelity 500 Index Fund | 8.42% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Correlation
The correlation between IYW and FXAIX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 4, 2011 | 0.87 |
The correlation between IYW and FXAIX has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
IYW vs. FXAIX — Risk / Return Rank
IYW
FXAIX
IYW vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and Fidelity 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.39 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 2.92 | -0.09 |
| Martin ratioReturn relative to average drawdown | 9.20 | 13.57 | -4.36 |
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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 2.13 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.79 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | 0.85 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.81 | -0.46 |
Drawdowns
IYW vs. FXAIX - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.90%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for IYW and FXAIX.
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Drawdown Indicators
| IYW | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -33.79% | -48.11% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -8.89% | -8.92% |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | -18.76% | -7.71% |
Max Drawdown (5Y)Largest decline over 5 years | -39.44% | -24.50% | -14.94% |
Max Drawdown (10Y)Largest decline over 10 years | -39.44% | -33.79% | -5.65% |
Current DrawdownCurrent decline from peak | -5.70% | -2.94% | -2.76% |
Average DrawdownAverage peak-to-trough decline | -34.64% | -3.79% | -30.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.46% | 1.91% | +3.55% |
Volatility
IYW vs. FXAIX - Volatility Comparison
iShares U.S. Technology ETF (IYW) has a higher volatility of 8.86% compared to Fidelity 500 Index Fund (FXAIX) at 3.81%. This indicates that IYW's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYW | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.86% | 3.81% | +5.05% |
Volatility (6M)Calculated over the trailing 6-month period | 17.10% | 9.41% | +7.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.05% | 12.19% | +8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.01% | 16.95% | +9.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.18% | 18.08% | +7.10% |
IYW vs. FXAIX - Expense Ratio Comparison
IYW has a 0.38% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Dividends
IYW vs. FXAIX - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.11%, less than FXAIX's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.06% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
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 FXAIX have a correlation of 0.87, 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 FXAIX (3.81%). In terms of maximum drawdown, IYW dropped -81.90% vs FXAIX's -33.79%.
IYW currently has the higher Sharpe Ratio (2.40 vs 2.13), 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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