IYW vs. GTEK
IYW (iShares U.S. Technology ETF) and GTEK (Goldman Sachs Future Tech Leaders Equity ETF) are both Technology Equities funds. IYW is passively managed, while GTEK is actively managed. Over the past 3 years, IYW returned 30.38%/yr vs 29.45%/yr for GTEK. Their correlation of 0.87 suggests significant overlap in exposure. IYW charges 0.38%/yr vs 0.75%/yr for GTEK.
Performance
IYW vs. GTEK - Performance Comparison
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Returns By Period
In the year-to-date period, IYW achieves a 22.66% return, which is significantly lower than GTEK's 42.08% return.
IYW
- 1D
- -2.12%
- 1M
- 0.00%
- 6M
- 21.00%
- YTD
- 22.66%
- 1Y
- 39.98%
- 3Y*
- 30.38%
- 5Y*
- 19.51%
- 10Y*
- 25.18%
GTEK
- 1D
- -4.38%
- 1M
- -3.33%
- 6M
- 34.40%
- YTD
- 42.08%
- 1Y
- 59.49%
- 3Y*
- 29.45%
- 5Y*
- —
- 10Y*
- —
IYW vs. GTEK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 22.66% | 25.38% | 30.25% | 65.44% | -34.83% | 6.88% |
GTEK Goldman Sachs Future Tech Leaders Equity ETF | 42.08% | 23.68% | 15.94% | 33.58% | -46.73% | -2.50% |
Correlation
The correlation between IYW and GTEK is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | 0.87 |
The correlation between IYW and GTEK has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.
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Return for Risk
IYW vs. GTEK — Risk / Return Rank
IYW
GTEK
IYW vs. GTEK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and Goldman Sachs Future Tech Leaders Equity ETF (GTEK). 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 | GTEK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.33 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 5.37 | -3.12 |
| Martin ratioReturn relative to average drawdown | 7.02 | 15.79 | -8.78 |
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Drawdowns
IYW vs. GTEK - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.90%, which is greater than GTEK's maximum drawdown of -53.77%. Use the drawdown chart below to compare losses from any high point for IYW and GTEK.
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Drawdown Indicators
| IYW | GTEK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -53.77% | -28.13% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -11.13% | -6.68% |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | -27.49% | +1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -39.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.44% | — | — |
Current DrawdownCurrent decline from peak | -5.81% | -9.70% | +3.89% |
Average DrawdownAverage peak-to-trough decline | -34.54% | -26.99% | -7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.71% | 3.78% | +1.93% |
Volatility
IYW vs. GTEK - Volatility Comparison
The current volatility for iShares U.S. Technology ETF (IYW) is 9.81%, while Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has a volatility of 12.78%. This indicates that IYW experiences smaller price fluctuations and is considered to be less risky than GTEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYW | GTEK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.81% | 12.78% | -2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 19.23% | 26.10% | -6.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.98% | 29.74% | -6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.36% | 28.82% | -2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.29% | 28.82% | -3.53% |
IYW vs. GTEK - Expense Ratio Comparison
IYW has a 0.38% expense ratio, which is lower than GTEK's 0.75% expense ratio.
Dividends
IYW vs. GTEK - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.10%, while GTEK has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTEK Goldman Sachs Future Tech Leaders Equity ETF | 0.00% | 0.00% | 0.00% | 0.26% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYW iShares U.S. Technology ETF | 0.10% | 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 GTEK have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GTEK has higher volatility (12.78%) compared to IYW (9.81%). In terms of maximum drawdown, IYW dropped -81.90% vs GTEK's -53.77%.
On 3-year performance, IYW leads with 30.38% vs 29.45% for GTEK. On fees, IYW is cheaper at 0.38% per year. On volatility, IYW has been the lower-risk option at 9.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IYW has performed better with a 30.38% return vs 29.45%. 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 0.75% for GTEK.
IYW has the higher dividend yield at 0.10%, compared with 0.00% for GTEK.
They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.38% for IYW and 0.75% for GTEK.
GTEK currently has the higher Sharpe Ratio (2.01 vs 1.75), 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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