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IYW vs. IGM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

IYW vs. IGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with IYW having a 21.96% return and IGM slightly higher at 22.65%. Both investments have delivered pretty close results over the past 10 years, with IYW having a 25.94% annualized return and IGM not far behind at 24.86%.


IYW

1D
-3.91%
1M
0.69%
YTD
21.96%
6M
20.43%
1Y
47.04%
3Y*
32.10%
5Y*
20.32%
10Y*
25.94%

IGM

1D
-3.56%
1M
0.74%
YTD
22.65%
6M
21.02%
1Y
47.83%
3Y*
35.67%
5Y*
19.25%
10Y*
24.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYW vs. IGM - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
IYW
iShares U.S. Technology ETF
21.96%25.38%30.25%65.44%-34.83%35.44%47.45%46.64%-0.93%36.60%
IGM
iShares Expanded Tech Sector ETF
22.65%26.76%36.99%60.68%-35.83%25.72%45.11%41.81%2.26%37.20%

Correlation

The correlation between IYW and IGM is 0.98 - 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 (1Y)
Calculated over the trailing 1-year period

0.98

Correlation (3Y)
Calculated over the trailing 3-year period

0.98

Correlation (5Y)
Calculated over the trailing 5-year period

0.99

Correlation (10Y)
Calculated over the trailing 10-year period

0.98

Correlation (All Time)
Calculated using the full available price history since Mar 19, 2001

0.97

The correlation between IYW and IGM has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

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Return for Risk

IYW vs. IGM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IYW
IYW Risk / Return Rank: 5959
Overall Rank
IYW Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
IYW Sortino Ratio Rank: 5959
Sortino Ratio Rank
IYW Omega Ratio Rank: 6161
Omega Ratio Rank
IYW Calmar Ratio Rank: 5656
Calmar Ratio Rank
IYW Martin Ratio Rank: 5151
Martin Ratio Rank

IGM
IGM Risk / Return Rank: 6161
Overall Rank
IGM Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
IGM Sortino Ratio Rank: 5959
Sortino Ratio Rank
IGM Omega Ratio Rank: 6060
Omega Ratio Rank
IGM Calmar Ratio Rank: 6161
Calmar Ratio Rank
IGM Martin Ratio Rank: 5757
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IYW vs. IGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM). 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.


IYWIGMDifference
Sharpe ratioReturn per unit of total volatility

0.00

Sortino ratioReturn per unit of downside risk

+0.01

Omega ratioGain probability vs. loss probability

1.36

1.36

0.00

Calmar ratioReturn relative to maximum drawdown

2.65

2.92

-0.27

Martin ratioReturn relative to average drawdown

8.46

9.77

-1.31

IYW vs. IGM - Sharpe Ratio Comparison

The current IYW Sharpe Ratio is 2.12, which is comparable to the IGM Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of IYW and IGM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

IYW vs. IGM - Drawdown Comparison

The maximum IYW drawdown since its inception was -81.90%, which is greater than IGM's maximum drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for IYW and IGM.


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Drawdown Indicators


IYWIGMDifference

Max Drawdown

Largest peak-to-trough decline

-81.90%

-65.59%

-16.31%

Max Drawdown (1Y)

Largest decline over 1 year

-17.81%

-16.44%

-1.37%

Max Drawdown (3Y)

Largest decline over 3 years

-26.47%

-26.39%

-0.08%

Max Drawdown (5Y)

Largest decline over 5 years

-39.44%

-40.68%

+1.24%

Max Drawdown (10Y)

Largest decline over 10 years

-39.44%

-40.68%

+1.24%

Current Drawdown

Current decline from peak

-6.35%

-7.39%

+1.04%

Average Drawdown

Average peak-to-trough decline

-34.59%

-15.21%

-19.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.57%

4.91%

+0.66%

Volatility

IYW vs. IGM - Volatility Comparison

iShares U.S. Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) have volatilities of 11.15% and 11.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


IYWIGMDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.15%

11.53%

-0.38%

Volatility (6M)

Calculated over the trailing 6-month period

18.45%

18.67%

-0.22%

Volatility (1Y)

Calculated over the trailing 1-year period

22.34%

22.76%

-0.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.24%

26.07%

+0.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.26%

24.71%

+0.55%

IYW vs. IGM - Expense Ratio Comparison

IYW has a 0.38% expense ratio, which is lower than IGM's 0.39% expense ratio.


Dividends

IYW vs. IGM - Dividend Comparison

IYW's dividend yield for the trailing twelve months is around 0.11%, less than IGM's 0.14% yield.


PositionTTM20252024202320222021202020192018201720162015
IGM
iShares Expanded Tech Sector ETF
0.14%0.17%0.22%0.33%0.66%0.16%0.32%0.50%0.57%0.57%0.90%0.79%
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


With a correlation of 0.98, IYW and IGM 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.

IGM has higher volatility (11.53%) compared to IYW (11.15%). In terms of maximum drawdown, IYW dropped -81.90% vs IGM's -65.59%.

On 10-year performance, IYW leads with 25.94% vs 24.86% for IGM. On fees, IYW is cheaper at 0.38% per year. On volatility, IYW has been the lower-risk option at 11.15%. 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 25.94% return vs 24.86%. 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 0.39% for IGM.

IGM has the higher dividend yield at 0.14%, compared with 0.11% for IYW.

IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index, while IGM tracks S&P North American Expanded Technology Sector Index. Their fees differ too: 0.38% for IYW and 0.39% for IGM.

IYW currently has the higher Sharpe Ratio (2.12 vs 2.11), 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.

Portfolio Optimizer

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