IYW vs. RDW
IYW (iShares U.S. Technology ETF) is Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index, while RDW (Redwire Corporation) is a stock. Over the past 3 years, IYW returned 32.06%/yr vs 79.83%/yr for RDW. At a 0.39 correlation, their price movements are largely independent.
Performance
IYW vs. RDW - Performance Comparison
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Returns By Period
In the year-to-date period, IYW achieves a 22.66% return, which is significantly lower than RDW's 98.95% return.
IYW
- 1D
- 0.61%
- 1M
- 0.73%
- YTD
- 22.66%
- 6M
- 23.40%
- 1Y
- 50.17%
- 3Y*
- 32.06%
- 5Y*
- 21.19%
- 10Y*
- 25.63%
RDW
- 1D
- -11.53%
- 1M
- 8.08%
- YTD
- 98.95%
- 6M
- 107.41%
- 1Y
- -20.75%
- 3Y*
- 79.83%
- 5Y*
- —
- 10Y*
- —
IYW vs. RDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 22.66% | 25.38% | 30.25% | 65.44% | -34.83% | 6.22% |
RDW Redwire Corporation | 98.95% | -53.83% | 477.54% | 43.94% | -70.67% | -34.15% |
Correlation
The correlation between IYW and RDW is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.39 |
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Return for Risk
IYW vs. RDW — Risk / Return Rank
IYW
RDW
IYW vs. RDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and Redwire Corporation (RDW). 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 | RDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.43 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.07 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | -0.29 | +2.99 |
| Martin ratioReturn relative to average drawdown | 8.68 | -0.42 | +9.10 |
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Drawdowns
IYW vs. RDW - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.90%, smaller than the maximum RDW drawdown of -87.26%. Use the drawdown chart below to compare losses from any high point for IYW and RDW.
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Drawdown Indicators
| IYW | RDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -87.26% | +5.36% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -75.40% | +57.59% |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | -80.28% | +53.81% |
Max Drawdown (5Y)Largest decline over 5 years | -39.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.44% | — | — |
Current DrawdownCurrent decline from peak | -5.81% | -41.62% | +35.81% |
Average DrawdownAverage peak-to-trough decline | -34.62% | -59.30% | +24.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 51.88% | -46.34% |
Volatility
IYW vs. RDW - Volatility Comparison
The current volatility for iShares U.S. Technology ETF (IYW) is 9.41%, while Redwire Corporation (RDW) has a volatility of 53.68%. This indicates that IYW experiences smaller price fluctuations and is considered to be less risky than RDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYW | RDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.41% | 53.68% | -44.27% |
Volatility (6M)Calculated over the trailing 6-month period | 17.67% | 94.49% | -76.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.47% | 118.63% | -97.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.07% | 96.83% | -70.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.20% | 96.83% | -71.63% |
Dividends
IYW vs. RDW - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.11%, while RDW has not paid dividends to shareholders.
| 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% |
RDW Redwire Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IYW and RDW have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDW has higher volatility (53.68%) compared to IYW (9.41%). In terms of maximum drawdown, IYW dropped -81.90% vs RDW's -87.26%.
IYW currently has the higher Sharpe Ratio (2.24 vs -0.18), 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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