IYW vs. SCHW
IYW (iShares U.S. Technology ETF) is Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index, while SCHW (The Charles Schwab Corporation) is a stock. Over the past 10 years, IYW returned 26.00%/yr vs 12.87%/yr for SCHW. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
IYW vs. SCHW - Performance Comparison
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Returns By Period
In the year-to-date period, IYW achieves a 28.46% return, which is significantly higher than SCHW's -11.31% return. Over the past 10 years, IYW has outperformed SCHW with an annualized return of 26.00%, while SCHW has yielded a comparatively lower 12.87% annualized return.
IYW
- 1D
- -0.44%
- 1M
- 13.87%
- YTD
- 28.46%
- 6M
- 27.22%
- 1Y
- 58.25%
- 3Y*
- 35.17%
- 5Y*
- 22.76%
- 10Y*
- 26.00%
SCHW
- 1D
- 1.63%
- 1M
- -4.42%
- YTD
- -11.31%
- 6M
- -6.75%
- 1Y
- 1.87%
- 3Y*
- 19.05%
- 5Y*
- 4.43%
- 10Y*
- 12.87%
IYW vs. SCHW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 28.46% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
SCHW The Charles Schwab Corporation | -11.31% | 36.65% | 9.17% | -15.97% | 0.11% | 60.23% | 13.57% | 16.38% | -18.43% | 31.15% |
Correlation
The correlation between IYW and SCHW is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since May 22, 2000 | 0.53 |
Over the past year, the correlation between IYW and SCHW has dropped to 0.28 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
IYW vs. SCHW — Risk / Return Rank
IYW
SCHW
IYW vs. SCHW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and The Charles Schwab Corporation (SCHW). 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 | SCHW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.84 | ||
| Sortino ratioReturn per unit of downside risk | +3.38 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.04 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 0.09 | +3.19 |
| Martin ratioReturn relative to average drawdown | 10.76 | 0.23 | +10.53 |
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 | SCHW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.92 | 0.08 | +2.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.14 | +0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.04 | 0.39 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.42 | -0.07 |
Drawdowns
IYW vs. SCHW - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.90%, smaller than the maximum SCHW drawdown of -86.79%. Use the drawdown chart below to compare losses from any high point for IYW and SCHW.
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Drawdown Indicators
| IYW | SCHW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -86.79% | +4.89% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -19.83% | +2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | -27.11% | +0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -39.44% | -49.70% | +10.26% |
Max Drawdown (10Y)Largest decline over 10 years | -39.44% | -51.08% | +11.64% |
Current DrawdownCurrent decline from peak | -1.35% | -17.35% | +16.00% |
Average DrawdownAverage peak-to-trough decline | -34.65% | -35.55% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 8.12% | -2.69% |
Volatility
IYW vs. SCHW - Volatility Comparison
The current volatility for iShares U.S. Technology ETF (IYW) is 6.28%, while The Charles Schwab Corporation (SCHW) has a volatility of 8.14%. This indicates that IYW experiences smaller price fluctuations and is considered to be less risky than SCHW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYW | SCHW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 8.14% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 15.84% | 19.79% | -3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.07% | 24.00% | -3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.86% | 32.25% | -6.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.09% | 33.42% | -8.33% |
Dividends
IYW vs. SCHW - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.11%, less than SCHW's 1.34% 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% |
SCHW The Charles Schwab Corporation | 1.34% | 1.08% | 1.35% | 1.45% | 1.01% | 0.86% | 1.36% | 1.43% | 1.11% | 0.62% | 0.68% | 0.73% |
Frequently Asked Questions
IYW and SCHW have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHW has higher volatility (8.14%) compared to IYW (6.28%). In terms of maximum drawdown, IYW dropped -81.90% vs SCHW's -86.79%.
IYW currently has the higher Sharpe Ratio (2.92 vs 0.08), 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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