IYW vs. GXPT
IYW (iShares U.S. Technology ETF) and GXPT (Global X PureCap MSCI Information Technology ETF) are both Technology Equities funds - IYW tracks the Russell 1000 Technology RIC 22.5/45 Capped Index while GXPT tracks the MSCI USA Information Technology PureCap Index. Both are passively managed. With a 0.97 correlation, they move nearly in lockstep. IYW charges 0.38%/yr vs 0.15%/yr for GXPT.
Performance
IYW vs. GXPT - Performance Comparison
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Returns By Period
In the year-to-date period, IYW achieves a 22.66% return, which is significantly higher than GXPT's 17.49% 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%
GXPT
- 1D
- -1.89%
- 1M
- -0.02%
- 6M
- 17.10%
- YTD
- 17.49%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYW vs. GXPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYW iShares U.S. Technology ETF | 22.66% | 12.61% |
GXPT Global X PureCap MSCI Information Technology ETF | 17.49% | 11.47% |
Correlation
The correlation between IYW and GXPT is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.97 |
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Return for Risk
IYW vs. GXPT — Risk / Return Rank
IYW
GXPT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IYW vs. GXPT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and Global X PureCap MSCI Information Technology ETF (GXPT). 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 | GXPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | — | — |
| Martin ratioReturn relative to average drawdown | 7.02 | — | — |
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Drawdowns
IYW vs. GXPT - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.90%, which is greater than GXPT's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for IYW and GXPT.
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Drawdown Indicators
| IYW | GXPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -18.74% | -63.16% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | — | — |
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% | -8.22% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -34.54% | -5.23% | -29.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.71% | — | — |
Volatility
IYW vs. GXPT - Volatility Comparison
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Volatility by Period
| IYW | GXPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.81% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.23% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.98% | 22.98% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.36% | 22.98% | +3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.29% | 22.98% | +2.31% |
IYW vs. GXPT - Expense Ratio Comparison
IYW has a 0.38% expense ratio, which is higher than GXPT's 0.15% expense ratio.
Dividends
IYW vs. GXPT - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.10%, less than GXPT's 0.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXPT Global X PureCap MSCI Information Technology ETF | 0.22% | 0.14% | 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 | 0.10% | 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
With a correlation of 0.97, IYW and GXPT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, GXPT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXPT is cheaper with a 0.15% expense ratio, compared with 0.38% for IYW.
GXPT has the higher dividend yield at 0.22%, compared with 0.10% for IYW.
IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index, while GXPT tracks MSCI USA Information Technology PureCap Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.38% for IYW and 0.15% for GXPT.
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