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IYW vs. XLK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IYW and XLK is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Performance

IYW vs. XLK - Performance Comparison

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

400.00%450.00%500.00%550.00%600.00%December2025FebruaryMarchAprilMay
523.69%
492.82%
IYW
XLK

Key characteristics

Sharpe Ratio

IYW:

0.55

XLK:

0.39

Sortino Ratio

IYW:

0.94

XLK:

0.74

Omega Ratio

IYW:

1.13

XLK:

1.10

Calmar Ratio

IYW:

0.61

XLK:

0.46

Martin Ratio

IYW:

1.98

XLK:

1.45

Ulcer Index

IYW:

8.20%

XLK:

8.05%

Daily Std Dev

IYW:

29.82%

XLK:

30.08%

Max Drawdown

IYW:

-81.89%

XLK:

-82.05%

Current Drawdown

IYW:

-11.65%

XLK:

-10.88%

Returns By Period

In the year-to-date period, IYW achieves a -7.62% return, which is significantly lower than XLK's -7.17% return. Both investments have delivered pretty close results over the past 10 years, with IYW having a 19.34% annualized return and XLK not far behind at 18.99%.


IYW

YTD

-7.62%

1M

18.31%

6M

-2.63%

1Y

11.68%

5Y*

20.63%

10Y*

19.34%

XLK

YTD

-7.17%

1M

18.14%

6M

-3.37%

1Y

7.11%

5Y*

19.63%

10Y*

18.99%

*Annualized

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IYW vs. XLK - Expense Ratio Comparison

IYW has a 0.42% expense ratio, which is higher than XLK's 0.13% expense ratio.


Risk-Adjusted Performance

IYW vs. XLK — Risk-Adjusted Performance Rank

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

IYW
The Risk-Adjusted Performance Rank of IYW is 5454
Overall Rank
The Sharpe Ratio Rank of IYW is 5151
Sharpe Ratio Rank
The Sortino Ratio Rank of IYW is 5555
Sortino Ratio Rank
The Omega Ratio Rank of IYW is 5454
Omega Ratio Rank
The Calmar Ratio Rank of IYW is 6161
Calmar Ratio Rank
The Martin Ratio Rank of IYW is 5252
Martin Ratio Rank

XLK
The Risk-Adjusted Performance Rank of XLK is 4444
Overall Rank
The Sharpe Ratio Rank of XLK is 4040
Sharpe Ratio Rank
The Sortino Ratio Rank of XLK is 4444
Sortino Ratio Rank
The Omega Ratio Rank of XLK is 4343
Omega Ratio Rank
The Calmar Ratio Rank of XLK is 5050
Calmar Ratio Rank
The Martin Ratio Rank of XLK is 4545
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IYW vs. XLK - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and Technology Select Sector SPDR Fund (XLK). 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.


The current IYW Sharpe Ratio is 0.55, which is higher than the XLK Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of IYW and XLK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00December2025FebruaryMarchAprilMay
0.55
0.39
IYW
XLK

Dividends

IYW vs. XLK - Dividend Comparison

IYW's dividend yield for the trailing twelve months is around 0.22%, less than XLK's 0.72% yield.


TTM20242023202220212020201920182017201620152014
IYW
iShares U.S. Technology ETF
0.22%0.21%0.53%0.50%0.31%0.56%0.72%0.92%0.82%1.14%1.12%1.13%
XLK
Technology Select Sector SPDR Fund
0.72%0.66%0.76%1.04%0.65%0.92%1.16%1.60%1.37%1.74%1.79%1.75%

Drawdowns

IYW vs. XLK - Drawdown Comparison

The maximum IYW drawdown since its inception was -81.89%, roughly equal to the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for IYW and XLK. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-11.65%
-10.88%
IYW
XLK

Volatility

IYW vs. XLK - Volatility Comparison

iShares U.S. Technology ETF (IYW) and Technology Select Sector SPDR Fund (XLK) have volatilities of 17.51% and 17.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%December2025FebruaryMarchAprilMay
17.51%
17.38%
IYW
XLK