IYW vs. XT
IYW (iShares U.S. Technology ETF) and XT (iShares Future Exponential Technologies ETF) are both Technology Equities funds from iShares - IYW tracks the Russell 1000 Technology RIC 22.5/45 Capped Index while XT tracks the Morningstar Exponential Technologies Index (Net). Both are passively managed. Over the past 10 years, IYW returned 26.11%/yr vs 14.70%/yr for XT. Their correlation of 0.85 suggests significant overlap in exposure. IYW charges 0.38%/yr vs 0.46%/yr for XT.
Performance
IYW vs. XT - Performance Comparison
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Returns By Period
In the year-to-date period, IYW achieves a 29.03% return, which is significantly higher than XT's 20.20% return. Over the past 10 years, IYW has outperformed XT with an annualized return of 26.11%, while XT has yielded a comparatively lower 14.70% annualized return.
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%
XT
- 1D
- -0.47%
- 1M
- 9.47%
- YTD
- 20.20%
- 6M
- 20.54%
- 1Y
- 45.88%
- 3Y*
- 18.83%
- 5Y*
- 8.42%
- 10Y*
- 14.70%
IYW vs. XT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XT iShares Future Exponential Technologies ETF | 20.20% | 26.28% | 0.29% | 27.02% | -27.83% | 16.43% | 35.10% | 30.74% | -4.93% | 33.71% |
Correlation
The correlation between IYW and XT is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2015 | 0.85 |
The correlation between IYW and XT has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.
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Return for Risk
IYW vs. XT — Risk / Return Rank
IYW
XT
IYW vs. XT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and iShares Future Exponential Technologies ETF (XT). 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 | XT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.48 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 4.41 | -1.05 |
| Martin ratioReturn relative to average drawdown | 11.00 | 18.51 | -7.51 |
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 | XT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.98 | 2.89 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.41 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.04 | 0.73 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.66 | -0.30 |
Drawdowns
IYW vs. XT - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.90%, which is greater than XT's maximum drawdown of -34.41%. Use the drawdown chart below to compare losses from any high point for IYW and XT.
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Drawdown Indicators
| IYW | XT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -34.41% | -47.49% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -10.45% | -7.36% |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | -22.09% | -4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -39.44% | -34.41% | -5.03% |
Max Drawdown (10Y)Largest decline over 10 years | -39.44% | -34.41% | -5.03% |
Current DrawdownCurrent decline from peak | -0.92% | -0.47% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -34.66% | -7.41% | -27.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 2.49% | +2.94% |
Volatility
IYW vs. XT - Volatility Comparison
iShares U.S. Technology ETF (IYW) has a higher volatility of 6.30% compared to iShares Future Exponential Technologies ETF (XT) at 4.85%. This indicates that IYW's price experiences larger fluctuations and is considered to be riskier than XT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYW | XT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 4.85% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 15.85% | 11.94% | +3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.09% | 15.99% | +4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.87% | 20.76% | +5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.09% | 20.08% | +5.01% |
IYW vs. XT - Expense Ratio Comparison
IYW has a 0.38% expense ratio, which is lower than XT's 0.46% expense ratio.
Dividends
IYW vs. XT - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.11%, less than XT's 6.61% 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% |
XT iShares Future Exponential Technologies ETF | 6.61% | 7.95% | 0.66% | 0.41% | 0.78% | 0.84% | 0.77% | 1.55% | 1.40% | 0.97% | 1.37% | 1.34% |
Frequently Asked Questions
IYW and XT have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (6.30%) compared to XT (4.85%). In terms of maximum drawdown, IYW dropped -81.90% vs XT's -34.41%.
On 10-year performance, IYW leads with 26.11% vs 14.70% for XT. On fees, IYW is cheaper at 0.38% per year. On volatility, XT has been the lower-risk option at 4.85%. 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 14.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYW is cheaper with a 0.38% expense ratio, compared with 0.46% for XT.
XT has the higher dividend yield at 6.61%, compared with 0.11% for IYW.
IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index, while XT tracks Morningstar Exponential Technologies Index (Net). Their fees differ too: 0.38% for IYW and 0.46% for XT.
IYW currently has the higher Sharpe Ratio (2.98 vs 2.89), 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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