IYW vs. PRFDX
IYW (iShares U.S. Technology ETF) and PRFDX (T. Rowe Price Equity Income Fund) are both funds - IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index, while PRFDX is a Large Cap Value Equities fund managed by T. Rowe Price. Over the past 10 years, IYW returned 25.63%/yr vs 11.90%/yr for PRFDX. A 0.66 correlation means they provide meaningful diversification when combined. IYW charges 0.38%/yr vs 0.63%/yr for PRFDX.
Performance
IYW vs. PRFDX - Performance Comparison
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Returns By Period
In the year-to-date period, IYW achieves a 22.66% return, which is significantly higher than PRFDX's 12.54% return. Over the past 10 years, IYW has outperformed PRFDX with an annualized return of 25.63%, while PRFDX has yielded a comparatively lower 11.90% annualized return.
IYW
- 1D
- 0.61%
- 1M
- 1.73%
- YTD
- 22.66%
- 6M
- 23.40%
- 1Y
- 47.94%
- 3Y*
- 32.06%
- 5Y*
- 21.19%
- 10Y*
- 25.63%
PRFDX
- 1D
- 1.76%
- 1M
- 1.74%
- YTD
- 12.54%
- 6M
- 12.89%
- 1Y
- 22.61%
- 3Y*
- 16.25%
- 5Y*
- 9.69%
- 10Y*
- 11.90%
IYW vs. PRFDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 22.66% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
PRFDX T. Rowe Price Equity Income Fund | 12.54% | 14.60% | 11.85% | 9.75% | -3.25% | 25.60% | 1.28% | 33.66% | -9.29% | 15.46% |
Correlation
The correlation between IYW and PRFDX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 19, 2000 | 0.66 |
Over the past year, the correlation between IYW and PRFDX has dropped to 0.39 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
IYW vs. PRFDX — Risk / Return Rank
IYW
PRFDX
IYW vs. PRFDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and T. Rowe Price Equity Income Fund (PRFDX). 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 | PRFDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 3.15 | -0.44 |
| Martin ratioReturn relative to average drawdown | 8.68 | 11.66 | -2.97 |
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Drawdowns
IYW vs. PRFDX - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.90%, which is greater than PRFDX's maximum drawdown of -58.12%. Use the drawdown chart below to compare losses from any high point for IYW and PRFDX.
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Drawdown Indicators
| IYW | PRFDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -58.12% | -23.78% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -7.34% | -10.47% |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | -14.35% | -12.12% |
Max Drawdown (5Y)Largest decline over 5 years | -39.44% | -18.08% | -21.36% |
Max Drawdown (10Y)Largest decline over 10 years | -39.44% | -39.71% | +0.27% |
Current DrawdownCurrent decline from peak | -5.81% | -0.23% | -5.58% |
Average DrawdownAverage peak-to-trough decline | -34.62% | -6.25% | -28.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 1.97% | +3.57% |
Volatility
IYW vs. PRFDX - Volatility Comparison
iShares U.S. Technology ETF (IYW) has a higher volatility of 9.41% compared to T. Rowe Price Equity Income Fund (PRFDX) at 3.56%. This indicates that IYW's price experiences larger fluctuations and is considered to be riskier than PRFDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYW | PRFDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.41% | 3.56% | +5.85% |
Volatility (6M)Calculated over the trailing 6-month period | 17.67% | 8.40% | +9.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.47% | 10.96% | +10.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.07% | 14.98% | +11.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.20% | 17.87% | +7.33% |
IYW vs. PRFDX - Expense Ratio Comparison
IYW has a 0.38% expense ratio, which is lower than PRFDX's 0.63% expense ratio.
Dividends
IYW vs. PRFDX - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.11%, less than PRFDX's 2.42% 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% |
PRFDX T. Rowe Price Equity Income Fund | 2.42% | 2.76% | 8.91% | 6.19% | 6.61% | 8.78% | 3.55% | 12.53% | 11.43% | 8.97% | 7.75% | 7.48% |
Frequently Asked Questions
IYW and PRFDX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (9.41%) compared to PRFDX (3.56%). In terms of maximum drawdown, IYW dropped -81.90% vs PRFDX's -58.12%.
IYW currently has the higher Sharpe Ratio (2.24 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.
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