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IYW vs. VONG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYW vs. VONG

Last updated Jun 9, 2026

IYW (iShares U.S. Technology ETF) and VONG (Vanguard Russell 1000 Growth ETF) are both exchange-traded funds - IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index, while VONG is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index. Both are passively managed. Over the past 10 years, IYW returned 25.53%/yr vs 18.32%/yr for VONG. Their correlation of 0.93 suggests significant overlap in exposure. IYW charges 0.38%/yr vs 0.06%/yr for VONG.

Performance

IYW vs. VONG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Technology ETF (IYW) and Vanguard Russell 1000 Growth ETF (VONG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IYW achieves a 22.81% return, which is significantly higher than VONG's 4.12% return. Over the past 10 years, IYW has outperformed VONG with an annualized return of 25.53%, while VONG has yielded a comparatively lower 18.32% 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%

VONG

1D
0.21%
1M
-0.46%
YTD
4.12%
6M
3.06%
1Y
21.24%
3Y*
23.77%
5Y*
14.57%
10Y*
18.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYW vs. VONG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VONG
Vanguard Russell 1000 Growth ETF		4.12%18.45%33.20%42.67%-29.18%27.60%38.30%36.06%-1.53%30.05%

Correlation

The correlation between IYW and VONG is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.93

Correlation (3Y)
Calculated over the trailing 3-year period

0.96

Correlation (5Y)
Calculated over the trailing 5-year period

0.97

Correlation (10Y)
Calculated over the trailing 10-year period

0.96

Correlation (All Time)
Calculated using the full available price history since Sep 23, 2010

0.93

The correlation between IYW and VONG has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Technology ETF

Vanguard Russell 1000 Growth ETF

Often compared with IYW:
IYW vs. VGTIYW vs. QQQIYW vs. XLKIYW vs. IGMIYW vs. SMHIYW vs. IWFIYW vs. SOXX
Often compared with VONG:
VONG vs. VUGVONG vs. VOOVONG vs. VOOGVONG vs. QQQMVONG vs. IWFVONG vs. MGKVONG vs. VONE

Return for Risk

IYW vs. VONG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYW
IYW Risk / Return Rank: 7070
Overall Rank
IYW Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
IYW Sortino Ratio Rank: 7373
Sortino Ratio Rank
IYW Omega Ratio Rank: 7676
Omega Ratio Rank
IYW Calmar Ratio Rank: 6262
Calmar Ratio Rank
IYW Martin Ratio Rank: 5858
Martin Ratio Rank
VONG
VONG Risk / Return Rank: 3737
Overall Rank
VONG Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
VONG Sortino Ratio Rank: 4040
Sortino Ratio Rank
VONG Omega Ratio Rank: 4141
Omega Ratio Rank
VONG Calmar Ratio Rank: 3030
Calmar Ratio Rank
VONG Martin Ratio Rank: 3232
Martin Ratio Rank
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. VONG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and Vanguard Russell 1000 Growth ETF (VONG). 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.

IYWVONGDifference
Sharpe ratioReturn per unit of total volatility
2.40
1.36

+1.04

Sortino ratioReturn per unit of downside risk
2.97
1.87

+1.10

Omega ratioGain probability vs. loss probability

1.40

1.24

+0.16

Calmar ratioReturn relative to maximum drawdown

2.83

1.31

+1.51

Martin ratioReturn relative to average drawdown

9.20

4.39

+4.82

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. VONG - Sharpe Ratio Comparison

The current IYW Sharpe Ratio is 2.40, which is higher than the VONG Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of IYW and VONG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IYWVONGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.40

1.36

+1.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.83

0.69

+0.15

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.02

0.88

+0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.35

0.89

-0.54

Drawdowns

IYW vs. VONG - Drawdown Comparison

The maximum IYW drawdown since its inception was -81.90%, which is greater than VONG's maximum drawdown of -32.72%. Use the drawdown chart below to compare losses from any high point for IYW and VONG.

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Drawdown Indicators

IYWVONGDifference

Max Drawdown

Largest peak-to-trough decline

-81.90%

-32.72%

-49.18%

Max Drawdown (1Y)

Largest decline over 1 year

-17.81%

-16.23%

-1.58%

Max Drawdown (3Y)

Largest decline over 3 years

-26.47%

-23.27%

-3.20%

Max Drawdown (5Y)

Largest decline over 5 years

-39.44%

-32.72%

-6.72%

Max Drawdown (10Y)

Largest decline over 10 years

-39.44%

-32.72%

-6.72%

Current Drawdown

Current decline from peak

-5.70%

-4.47%

-1.23%

Average Drawdown

Average peak-to-trough decline

-34.64%

-4.88%

-29.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.46%

4.85%

+0.61%

Volatility

IYW vs. VONG - Volatility Comparison

iShares U.S. Technology ETF (IYW) has a higher volatility of 8.86% compared to Vanguard Russell 1000 Growth ETF (VONG) at 4.78%. This indicates that IYW's price experiences larger fluctuations and is considered to be riskier than VONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IYWVONGDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.86%

4.78%

+4.08%

Volatility (6M)

Calculated over the trailing 6-month period

17.10%

12.08%

+5.02%

Volatility (1Y)

Calculated over the trailing 1-year period

21.05%

15.71%

+5.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.01%

21.38%

+4.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.18%

20.90%

+4.28%

IYW vs. VONG - Expense Ratio Comparison

IYW has a 0.38% expense ratio, which is higher than VONG's 0.06% expense ratio.

Dividends

IYW vs. VONG - Dividend Comparison

IYW's dividend yield for the trailing twelve months is around 0.11%, less than VONG's 0.44% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VONG
Vanguard Russell 1000 Growth ETF		0.44%0.45%0.55%0.71%0.98%0.58%0.77%1.03%1.18%1.19%1.48%1.47%

Frequently Asked Questions

With a correlation of 0.93, IYW and VONG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

IYW has higher volatility (8.86%) compared to VONG (4.78%). In terms of maximum drawdown, IYW dropped -81.90% vs VONG's -32.72%.

On 10-year performance, IYW leads with 25.53% vs 18.32% for VONG. On fees, VONG is cheaper at 0.06% per year. On volatility, VONG has been the lower-risk option at 4.78%. 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 18.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VONG is cheaper with a 0.06% expense ratio, compared with 0.38% for IYW.

VONG has the higher dividend yield at 0.44%, compared with 0.11% for IYW.

IYW is categorized as Technology Equities, while VONG is Large Cap Growth Equities. IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index, while VONG tracks Russell 1000 Growth Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.38% for IYW and 0.06% for VONG.

IYW currently has the higher Sharpe Ratio (2.40 vs 1.36), 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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