IYW vs. IVW
IYW (iShares U.S. Technology ETF) and IVW (iShares S&P 500 Growth ETF) are both exchange-traded funds - IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index, while IVW is a Large Cap Growth Equities fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 10 years, IYW returned 26.12%/yr vs 18.03%/yr for IVW. Their correlation of 0.89 suggests significant overlap in exposure. IYW charges 0.38%/yr vs 0.18%/yr for IVW.
Performance
IYW vs. IVW - Performance Comparison
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Returns By Period
In the year-to-date period, IYW achieves a 27.07% return, which is significantly higher than IVW's 12.13% return. Over the past 10 years, IYW has outperformed IVW with an annualized return of 26.12%, while IVW has yielded a comparatively lower 18.03% annualized return.
IYW
- 1D
- 2.91%
- 1M
- 5.65%
- YTD
- 27.07%
- 6M
- 27.03%
- 1Y
- 54.71%
- 3Y*
- 33.01%
- 5Y*
- 21.94%
- 10Y*
- 26.12%
IVW
- 1D
- 1.68%
- 1M
- 1.07%
- YTD
- 12.13%
- 6M
- 12.58%
- 1Y
- 32.41%
- 3Y*
- 26.28%
- 5Y*
- 15.23%
- 10Y*
- 18.03%
IYW vs. IVW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 27.07% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
IVW iShares S&P 500 Growth ETF | 12.13% | 21.95% | 35.82% | 29.83% | -29.50% | 31.80% | 33.19% | 30.77% | -0.21% | 27.21% |
Correlation
The correlation between IYW and IVW is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 26, 2000 | 0.89 |
The correlation between IYW and IVW has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.
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Return for Risk
IYW vs. IVW — Risk / Return Rank
IYW
IVW
IYW vs. IVW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and iShares S&P 500 Growth ETF (IVW). 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 | IVW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.33 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.31 | +0.72 |
| Martin ratioReturn relative to average drawdown | 9.70 | 9.21 | +0.49 |
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Drawdowns
IYW vs. IVW - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.90%, which is greater than IVW's maximum drawdown of -57.33%. Use the drawdown chart below to compare losses from any high point for IYW and IVW.
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Drawdown Indicators
| IYW | IVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -57.33% | -24.57% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -13.75% | -4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | -22.15% | -4.32% |
Max Drawdown (5Y)Largest decline over 5 years | -39.44% | -32.72% | -6.72% |
Max Drawdown (10Y)Largest decline over 10 years | -39.44% | -32.72% | -6.72% |
Current DrawdownCurrent decline from peak | -2.42% | -2.47% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -34.60% | -17.59% | -17.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 3.44% | +2.12% |
Volatility
IYW vs. IVW - Volatility Comparison
iShares U.S. Technology ETF (IYW) has a higher volatility of 10.44% compared to iShares S&P 500 Growth ETF (IVW) at 6.91%. This indicates that IYW's price experiences larger fluctuations and is considered to be riskier than IVW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYW | IVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.44% | 6.91% | +3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 18.17% | 13.76% | +4.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.97% | 16.88% | +5.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.17% | 21.32% | +4.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.25% | 20.70% | +4.55% |
IYW vs. IVW - Expense Ratio Comparison
IYW has a 0.38% expense ratio, which is higher than IVW's 0.18% expense ratio.
Dividends
IYW vs. IVW - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.10%, less than IVW's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVW iShares S&P 500 Growth ETF | 0.36% | 0.40% | 0.43% | 1.03% | 0.92% | 0.46% | 0.82% | 1.63% | 1.28% | 1.30% | 1.51% | 1.51% |
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 0.95, IYW and IVW 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.
IYW has higher volatility (10.44%) compared to IVW (6.91%). In terms of maximum drawdown, IYW dropped -81.90% vs IVW's -57.33%.
On 10-year performance, IYW leads with 26.12% vs 18.03% for IVW. On fees, IVW is cheaper at 0.18% per year. On volatility, IVW has been the lower-risk option at 6.91%. 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 26.12% return vs 18.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVW is cheaper with a 0.18% expense ratio, compared with 0.38% for IYW.
IVW has the higher dividend yield at 0.36%, compared with 0.10% for IYW.
IYW is categorized as Technology Equities, while IVW is Large Cap Growth Equities. IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index, while IVW tracks S&P 500 Growth Index. Their fees differ too: 0.38% for IYW and 0.18% for IVW.
IYW currently has the higher Sharpe Ratio (2.46 vs 1.88), 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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