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LAES vs. IYW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LAES vs. IYW

Last updated Jun 4, 2026

LAES (SEALSQ Corp) is a stock, while IYW (iShares U.S. Technology ETF) is Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Over the past 3 years, LAES returned -34.53%/yr vs 35.24%/yr for IYW. At a 0.30 correlation, their price movements are largely independent.

Performance

LAES vs. IYW - Performance Comparison

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

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Returns By Period

In the year-to-date period, LAES achieves a -8.47% return, which is significantly lower than IYW's 29.03% return.

LAES

1D
-6.74%
1M
16.50%
YTD
-8.47%
6M
-26.23%
1Y
-0.00%
3Y*
-34.53%
5Y*
—
10Y*
—

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LAES vs. IYW - Yearly Performance Comparison

2026 (YTD)202520242023
LAES
SEALSQ Corp		-8.47%-38.54%380.47%-94.17%
IYW
iShares U.S. Technology ETF		29.03%25.38%30.25%26.84%

Correlation

The correlation between LAES and IYW is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.41

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

0.30

Correlation (All Time)
Calculated using the full available price history since May 25, 2023

0.30

The correlation between LAES and IYW shifts across timeframes, from 0.30 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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SEALSQ Corp

iShares U.S. Technology ETF

Often compared with LAES:
LAES vs. ARQQLAES vs. WKEYLAES vs. IONQLAES vs. RGTILAES vs. BBAILAES vs. QSILAES vs. APLD
Often compared with IYW:
IYW vs. VGTIYW vs. QQQIYW vs. XLKIYW vs. IGMIYW vs. SMHIYW vs. IWFIYW vs. SOXX

Return for Risk

LAES vs. IYW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LAES
LAES Risk / Return Rank: 4343
Overall Rank
LAES Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
LAES Sortino Ratio Rank: 5050
Sortino Ratio Rank
LAES Omega Ratio Rank: 4747
Omega Ratio Rank
LAES Calmar Ratio Rank: 4040
Calmar Ratio Rank
LAES Martin Ratio Rank: 3939
Martin Ratio Rank
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
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.

LAES vs. IYW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEALSQ Corp (LAES) and iShares U.S. Technology ETF (IYW). 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.

LAESIYWDifference
Sharpe ratioReturn per unit of total volatility
-0.00
2.98

-2.98

Sortino ratioReturn per unit of downside risk
0.89
3.70

-2.81

Omega ratioGain probability vs. loss probability

1.10

1.48

-0.39

Calmar ratioReturn relative to maximum drawdown

-0.00

3.36

-3.36

Martin ratioReturn relative to average drawdown

-0.00

11.00

-11.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LAES vs. IYW - Sharpe Ratio Comparison

The current LAES Sharpe Ratio is -0.00, which is lower than the IYW Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of LAES and IYW, 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

LAESIYWDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.00

2.98

-2.98

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.89

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.04

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.27

0.35

-0.62

Drawdowns

LAES vs. IYW - Drawdown Comparison

The maximum LAES drawdown since its inception was -98.44%, which is greater than IYW's maximum drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for LAES and IYW.

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Drawdown Indicators

LAESIYWDifference

Max Drawdown

Largest peak-to-trough decline

-98.44%

-81.90%

-16.54%

Max Drawdown (1Y)

Largest decline over 1 year

-72.68%

-17.81%

-54.87%

Max Drawdown (3Y)

Largest decline over 3 years

-98.07%

-26.47%

-71.60%

Max Drawdown (5Y)

Largest decline over 5 years

—

-39.44%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.44%

—

Current Drawdown

Current decline from peak

-84.25%

-0.92%

-83.33%

Average Drawdown

Average peak-to-trough decline

-84.70%

-34.66%

-50.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

42.52%

5.43%

+37.09%

Volatility

LAES vs. IYW - Volatility Comparison

SEALSQ Corp (LAES) has a higher volatility of 29.06% compared to iShares U.S. Technology ETF (IYW) at 6.30%. This indicates that LAES's price experiences larger fluctuations and is considered to be riskier than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LAESIYWDifference

Volatility (1M)

Calculated over the trailing 1-month period

29.06%

6.30%

+22.76%

Volatility (6M)

Calculated over the trailing 6-month period

65.60%

15.85%

+49.75%

Volatility (1Y)

Calculated over the trailing 1-year period

109.98%

20.09%

+89.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

170.43%

25.87%

+144.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

170.43%

25.09%

+145.34%

Dividends

LAES vs. IYW - Dividend Comparison

LAES has not paid dividends to shareholders, while IYW's dividend yield for the trailing twelve months is around 0.11%.

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%
LAES
SEALSQ Corp		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

LAES and IYW have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

LAES has higher volatility (29.06%) compared to IYW (6.30%). In terms of maximum drawdown, LAES dropped -98.44% vs IYW's -81.90%.

IYW currently has the higher Sharpe Ratio (2.98 vs -0.00), 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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