IYW vs. MA

Last updated Jun 6, 2026

IYW (iShares U.S. Technology ETF) is Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index, while MA (Mastercard Incorporated) is a stock. Over the past 10 years, IYW returned 25.22%/yr vs 18.35%/yr for MA. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

IYW vs. MA - Performance Comparison

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

Returns By Period

In the year-to-date period, IYW achieves a 20.86% return, which is significantly higher than MA's -13.70% return. Over the past 10 years, IYW has outperformed MA with an annualized return of 25.22%, while MA has yielded a comparatively lower 18.35% annualized return.

IYW

• 1D: -5.92%
• 1M: 3.93%
• YTD: 20.86%
• 6M: 18.95%
• 1Y: 49.32%
• 3Y*: 32.37%
• 5Y*: 21.27%
• 10Y*: 25.22%

MA

• 1D: 1.93%
• 1M: -0.16%
• YTD: -13.70%
• 6M: -9.69%
• 1Y: -15.62%
• 3Y*: 9.57%
• 5Y*: 6.67%
• 10Y*: 18.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IYW vs. MA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IYW iShares U.S. Technology ETF	20.86%	25.38%	30.25%	65.44%	-34.83%	35.44%	47.45%	46.64%	-0.93%	36.60%
MA Mastercard Incorporated	-13.70%	9.04%	24.17%	23.40%	-2.66%	1.16%	20.19%	59.16%	25.31%	47.69%

Correlation

The correlation between IYW and MA is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since May 26, 2006	0.56

Over the past year, the correlation between IYW and MA has dropped to 0.10 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

Return for Risk

IYW vs. MA — Risk / Return Rank

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

IYW

IYW Risk / Return Rank: 64
IYW Sharpe Ratio Rank: 74
IYW Sortino Ratio Rank: 64
IYW Omega Ratio Rank: 68
IYW Calmar Ratio Rank: 57
IYW Martin Ratio Rank: 54

MA

MA Risk / Return Rank: 12
MA Sharpe Ratio Rank: 12
MA Sortino Ratio Rank: 14
MA Omega Ratio Rank: 14
MA Calmar Ratio Rank: 13
MA Martin Ratio Rank: 5

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. MA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and Mastercard Incorporated (MA). 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	MA	Difference
Sharpe ratio: Return per unit of total volatility	2.36	-0.71	+3.07
Sortino ratio: Return per unit of downside risk	2.93	-0.86	+3.79
Omega ratio: Gain probability vs. loss probability	1.40	0.89	+0.50
Calmar ratio: Return relative to maximum drawdown	2.78	-0.75	+3.53
Martin ratio: Return relative to average drawdown	9.08	-1.54	+10.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYW vs. MA - Sharpe Ratio Comparison

The current IYW Sharpe Ratio is 2.36, which is higher than the MA Sharpe Ratio of -0.71. The chart below compares the historical Sharpe Ratios of IYW and MA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IYW	MA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	-0.71	+3.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.28	+0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.01	0.68	+0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.83	-0.49

Drawdowns

IYW vs. MA - Drawdown Comparison

The maximum IYW drawdown since its inception was -81.90%, which is greater than MA's maximum drawdown of -62.67%. Use the drawdown chart below to compare losses from any high point for IYW and MA.

Drawdown Indicators

	IYW	MA	Difference
Max Drawdown Largest peak-to-trough decline	-81.90%	-62.67%	-19.23%
Max Drawdown (1Y) Largest decline over 1 year	-17.81%	-20.91%	+3.10%
Max Drawdown (3Y) Largest decline over 3 years	-26.47%	-20.91%	-5.56%
Max Drawdown (5Y) Largest decline over 5 years	-39.44%	-28.25%	-11.19%
Max Drawdown (10Y) Largest decline over 10 years	-39.44%	-41.00%	+1.56%
Current Drawdown Current decline from peak	-7.19%	-17.64%	+10.45%
Average Drawdown Average peak-to-trough decline	-34.65%	-9.82%	-24.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.45%	10.19%	-4.74%

Volatility

IYW vs. MA - Volatility Comparison

iShares U.S. Technology ETF (IYW) has a higher volatility of 8.75% compared to Mastercard Incorporated (MA) at 6.54%. This indicates that IYW's price experiences larger fluctuations and is considered to be riskier than MA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYW	MA	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.75%	6.54%	+2.21%
Volatility (6M) Calculated over the trailing 6-month period	17.04%	17.46%	-0.42%
Volatility (1Y) Calculated over the trailing 1-year period	20.98%	22.23%	-1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.99%	23.98%	+2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.16%	26.92%	-1.76%

Dividends

IYW vs. MA - Dividend Comparison

IYW's dividend yield for the trailing twelve months is around 0.11%, less than MA's 0.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
MA Mastercard Incorporated	0.66%	0.53%	0.50%	0.53%	0.56%	0.49%	0.45%	0.44%	0.53%	0.58%	0.74%	0.66%

Frequently Asked Questions

Can I hold both IYW and MA in my portfolio?

IYW and MA have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYW or MA?

IYW has higher volatility (8.75%) compared to MA (6.54%). In terms of maximum drawdown, IYW dropped -81.90% vs MA's -62.67%.

Which has better risk-adjusted returns?

IYW currently has the higher Sharpe Ratio (2.36 vs -0.71), 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.