IYW vs. IGM
Compare and contrast key facts about iShares U.S. Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM).
IYW and IGM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000. IGM is a passively managed fund by iShares that tracks the performance of the S&P North American Technology Sector Index. It was launched on Mar 13, 2001. Both IYW and IGM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IYW or IGM.
Performance
IYW vs. IGM - Performance Comparison
Returns By Period
In the year-to-date period, IYW achieves a 29.81% return, which is significantly lower than IGM's 35.40% return. Both investments have delivered pretty close results over the past 10 years, with IYW having a 20.63% annualized return and IGM not far behind at 20.17%.
IYW
29.81%
3.42%
12.51%
35.96%
24.21%
20.63%
IGM
35.40%
4.30%
13.03%
43.32%
21.81%
20.17%
Key characteristics
| IYW | IGM | |
|---|---|---|
| Sharpe Ratio | 1.70 | 2.07 |
| Sortino Ratio | 2.23 | 2.70 |
| Omega Ratio | 1.30 | 1.36 |
| Calmar Ratio | 2.23 | 2.93 |
| Martin Ratio | 7.71 | 10.57 |
| Ulcer Index | 4.66% | 4.10% |
| Daily Std Dev | 21.16% | 20.95% |
| Max Drawdown | -81.89% | -65.59% |
| Current Drawdown | -1.36% | -1.32% |
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IYW vs. IGM - Expense Ratio Comparison
IYW has a 0.42% expense ratio, which is lower than IGM's 0.46% expense ratio.
Correlation
The correlation between IYW and IGM is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IYW vs. IGM - Risk-Adjusted Performance 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.
Dividends
IYW vs. IGM - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.31%, which matches IGM's 0.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.31% | 0.40% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% | 1.06% |
IGM iShares Expanded Tech Sector ETF | 0.31% | 0.39% | 0.53% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% | 0.88% | 0.78% |
Drawdowns
IYW vs. IGM - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.89%, 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. For additional features, visit the drawdowns tool.
Volatility
IYW vs. IGM - Volatility Comparison
iShares U.S. Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) have volatilities of 6.38% and 6.19%, 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.