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IYW vs. XNTK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYW vs. XNTK

Last updated Jun 4, 2026

IYW (iShares U.S. Technology ETF) and XNTK (SPDR NYSE Technology ETF) are both Technology Equities funds - IYW tracks the Russell 1000 Technology RIC 22.5/45 Capped Index while XNTK tracks the NYSE Technology Index. Both are passively managed. Over the past 10 years, IYW returned 26.11%/yr vs 25.75%/yr for XNTK. Their correlation of 0.90 suggests significant overlap in exposure. IYW charges 0.38%/yr vs 0.35%/yr for XNTK.

Performance

IYW vs. XNTK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Technology ETF (IYW) and SPDR NYSE Technology ETF (XNTK). 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 29.03% return, which is significantly lower than XNTK's 39.32% return. Both investments have delivered pretty close results over the past 10 years, with IYW having a 26.11% annualized return and XNTK not far behind at 25.75%.

IYW

1D
-0.92%
1M
16.53%
YTD
29.03%
6M
28.22%
1Y
59.52%
3Y*
35.24%
5Y*
22.87%
10Y*
26.11%

XNTK

1D
-0.07%
1M
22.50%
YTD
39.32%
6M
37.26%
1Y
76.57%
3Y*
43.26%
5Y*
21.36%
10Y*
25.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYW vs. XNTK - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IYW
iShares U.S. Technology ETF		29.03%25.38%30.25%65.44%-34.83%35.44%47.45%46.64%-0.93%36.60%
XNTK
SPDR NYSE Technology ETF		39.32%38.06%23.49%70.13%-41.07%17.63%73.91%38.08%-7.13%40.37%

Correlation

The correlation between IYW and XNTK 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

0.94

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

0.95

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

0.94

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2001

0.90

The correlation between IYW and XNTK has been stable across timeframes, ranging from 0.90 to 0.94 - 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

SPDR NYSE Technology ETF

Often compared with IYW:
IYW vs. VGTIYW vs. QQQIYW vs. XLKIYW vs. IGMIYW vs. SMHIYW vs. IWFIYW vs. SOXX
Often compared with XNTK:
XNTK vs. QQQXNTK vs. VGTXNTK vs. VOOXNTK vs. PNQIXNTK vs. OGIGXNTK vs. XSWXNTK vs. QQQG

Return for Risk

IYW vs. XNTK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYW
IYW Risk / Return Rank: 7575
Overall Rank
IYW Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
IYW Sortino Ratio Rank: 8181
Sortino Ratio Rank
IYW Omega Ratio Rank: 8080
Omega Ratio Rank
IYW Calmar Ratio Rank: 6666
Calmar Ratio Rank
IYW Martin Ratio Rank: 6060
Martin Ratio Rank
XNTK
XNTK Risk / Return Rank: 8484
Overall Rank
XNTK Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
XNTK Sortino Ratio Rank: 8585
Sortino Ratio Rank
XNTK Omega Ratio Rank: 8585
Omega Ratio Rank
XNTK Calmar Ratio Rank: 8383
Calmar Ratio Rank
XNTK Martin Ratio Rank: 7777
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. XNTK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and SPDR NYSE Technology ETF (XNTK). 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.

IYWXNTKDifference
Sharpe ratioReturn per unit of total volatility
2.98
3.31

-0.33

Sortino ratioReturn per unit of downside risk
3.70
3.91

-0.21

Omega ratioGain probability vs. loss probability

1.48

1.53

-0.04

Calmar ratioReturn relative to maximum drawdown

3.36

4.53

-1.17

Martin ratioReturn relative to average drawdown

11.00

15.08

-4.09

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. XNTK - Sharpe Ratio Comparison

The current IYW Sharpe Ratio is 2.98, which is comparable to the XNTK Sharpe Ratio of 3.31. The chart below compares the historical Sharpe Ratios of IYW and XNTK, 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

IYWXNTKDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.98

3.31

-0.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.89

0.77

+0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.04

0.97

+0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.35

0.45

-0.09

Drawdowns

IYW vs. XNTK - Drawdown Comparison

The maximum IYW drawdown since its inception was -81.90%, which is greater than XNTK's maximum drawdown of -72.38%. Use the drawdown chart below to compare losses from any high point for IYW and XNTK.

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Drawdown Indicators

IYWXNTKDifference

Max Drawdown

Largest peak-to-trough decline

-81.90%

-72.38%

-9.52%

Max Drawdown (1Y)

Largest decline over 1 year

-17.81%

-17.00%

-0.81%

Max Drawdown (3Y)

Largest decline over 3 years

-26.47%

-28.11%

+1.64%

Max Drawdown (5Y)

Largest decline over 5 years

-39.44%

-48.28%

+8.84%

Max Drawdown (10Y)

Largest decline over 10 years

-39.44%

-48.28%

+8.84%

Current Drawdown

Current decline from peak

-0.92%

-0.07%

-0.85%

Average Drawdown

Average peak-to-trough decline

-34.66%

-21.30%

-13.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.43%

5.09%

+0.34%

Volatility

IYW vs. XNTK - Volatility Comparison

The current volatility for iShares U.S. Technology ETF (IYW) is 6.30%, while SPDR NYSE Technology ETF (XNTK) has a volatility of 7.52%. This indicates that IYW experiences smaller price fluctuations and is considered to be less risky than XNTK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IYWXNTKDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.30%

7.52%

-1.22%

Volatility (6M)

Calculated over the trailing 6-month period

15.85%

18.05%

-2.20%

Volatility (1Y)

Calculated over the trailing 1-year period

20.09%

23.29%

-3.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.87%

27.90%

-2.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.09%

26.64%

-1.55%

IYW vs. XNTK - Expense Ratio Comparison

IYW has a 0.38% expense ratio, which is higher than XNTK's 0.35% expense ratio.

Dividends

IYW vs. XNTK - Dividend Comparison

IYW's dividend yield for the trailing twelve months is around 0.11%, less than XNTK's 0.16% 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%
XNTK
SPDR NYSE Technology ETF		0.16%0.23%0.42%0.34%0.85%0.34%0.30%0.61%29.64%1.29%0.81%0.93%

Frequently Asked Questions

With a correlation of 0.93, IYW and XNTK 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.

XNTK has higher volatility (7.52%) compared to IYW (6.30%). In terms of maximum drawdown, IYW dropped -81.90% vs XNTK's -72.38%.

On 10-year performance, IYW leads with 26.11% vs 25.75% for XNTK. On fees, XNTK is cheaper at 0.35% per year. On volatility, IYW has been the lower-risk option at 6.30%. 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 26.11% return vs 25.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XNTK is cheaper with a 0.35% expense ratio, compared with 0.38% for IYW.

XNTK has the higher dividend yield at 0.16%, compared with 0.11% for IYW.

IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index, while XNTK tracks NYSE Technology Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.38% for IYW and 0.35% for XNTK.

XNTK currently has the higher Sharpe Ratio (3.31 vs 2.98), 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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