IYW vs. IYC
IYW (iShares U.S. Technology ETF) and IYC (iShares U.S. Consumer Discretionary ETF) are both exchange-traded funds - IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index, while IYC is a Consumer Discretionary Equities fund tracking the Dow Jones U.S. Consumer Services Index. Both are passively managed. Over the past 10 years, IYW returned 25.53%/yr vs 11.51%/yr for IYC. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.38% expense ratio.
Performance
IYW vs. IYC - Performance Comparison
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Returns By Period
In the year-to-date period, IYW achieves a 22.81% return, which is significantly higher than IYC's -3.16% return. Over the past 10 years, IYW has outperformed IYC with an annualized return of 25.53%, while IYC has yielded a comparatively lower 11.51% annualized return.
IYW
- 1D
- 1.61%
- 1M
- 2.72%
- YTD
- 22.81%
- 6M
- 20.20%
- 1Y
- 50.11%
- 3Y*
- 33.35%
- 5Y*
- 21.56%
- 10Y*
- 25.53%
IYC
- 1D
- 0.16%
- 1M
- -2.96%
- YTD
- -3.16%
- 6M
- -2.65%
- 1Y
- 3.32%
- 3Y*
- 14.43%
- 5Y*
- 6.25%
- 10Y*
- 11.51%
IYW vs. IYC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 22.81% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
IYC iShares U.S. Consumer Discretionary ETF | -3.16% | 7.85% | 27.54% | 34.03% | -31.78% | 19.65% | 24.58% | 27.36% | 1.76% | 19.87% |
Correlation
The correlation between IYW and IYC is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2000 | 0.73 |
Over the past year, the correlation between IYW and IYC has dropped to 0.49 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
IYW vs. IYC — Risk / Return Rank
IYW
IYC
IYW vs. IYC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and iShares U.S. Consumer Discretionary ETF (IYC). 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.
| IYW | IYC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.05 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 0.28 | +2.55 |
| Martin ratioReturn relative to average drawdown | 9.20 | 0.83 | +8.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IYW | IYC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 0.23 | +2.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.30 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | 0.58 | +0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.42 | -0.07 |
Drawdowns
IYW vs. IYC - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.90%, which is greater than IYC's maximum drawdown of -53.10%. Use the drawdown chart below to compare losses from any high point for IYW and IYC.
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Drawdown Indicators
| IYW | IYC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -53.10% | -28.80% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -11.97% | -5.84% |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | -21.62% | -4.85% |
Max Drawdown (5Y)Largest decline over 5 years | -39.44% | -35.90% | -3.54% |
Max Drawdown (10Y)Largest decline over 10 years | -39.44% | -35.90% | -3.54% |
Current DrawdownCurrent decline from peak | -5.70% | -6.82% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -34.64% | -9.95% | -24.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.46% | 4.02% | +1.44% |
Volatility
IYW vs. IYC - Volatility Comparison
iShares U.S. Technology ETF (IYW) has a higher volatility of 8.86% compared to iShares U.S. Consumer Discretionary ETF (IYC) at 3.73%. This indicates that IYW's price experiences larger fluctuations and is considered to be riskier than IYC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYW | IYC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.86% | 3.73% | +5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 17.10% | 10.53% | +6.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.05% | 14.29% | +6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.01% | 20.73% | +5.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.18% | 19.90% | +5.28% |
IYW vs. IYC - Expense Ratio Comparison
Both IYW and IYC have an expense ratio of 0.38%.
Dividends
IYW vs. IYC - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.11%, less than IYC's 0.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYC iShares U.S. Consumer Discretionary ETF | 0.51% | 0.51% | 0.47% | 0.68% | 0.68% | 0.39% | 0.65% | 0.89% | 0.90% | 0.92% | 1.10% | 1.03% |
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
IYW and IYC have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (8.86%) compared to IYC (3.73%). In terms of maximum drawdown, IYW dropped -81.90% vs IYC's -53.10%.
On 10-year performance, IYW leads with 25.53% vs 11.51% for IYC. Both ETFs have the same 0.38% expense ratio. On volatility, IYC has been the lower-risk option at 3.73%. 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 25.53% return vs 11.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYW and IYC have the same expense ratio: 0.38% per year.
IYC has the higher dividend yield at 0.51%, compared with 0.11% for IYW.
IYW is categorized as Technology Equities, while IYC is Consumer Discretionary Equities. IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index, while IYC tracks Dow Jones U.S. Consumer Services Index.
IYW currently has the higher Sharpe Ratio (2.40 vs 0.23), 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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