LEAD vs. IYW
LEAD (Siren DIVCON Leaders Dividend ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - LEAD is a Large Cap Growth Equities fund tracking the Siren DIVCON Leaders Dividend Index, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past 10 years, LEAD returned 14.95%/yr vs 25.63%/yr for IYW. A 0.76 correlation means they provide meaningful diversification when combined. LEAD charges 0.43%/yr vs 0.38%/yr for IYW.
Performance
LEAD vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, LEAD achieves a 16.18% return, which is significantly lower than IYW's 22.66% return. Over the past 10 years, LEAD has underperformed IYW with an annualized return of 14.95%, while IYW has yielded a comparatively higher 25.63% annualized return.
LEAD
- 1D
- 0.83%
- 1M
- 2.38%
- YTD
- 16.18%
- 6M
- 15.19%
- 1Y
- 28.08%
- 3Y*
- 18.59%
- 5Y*
- 12.25%
- 10Y*
- 14.95%
IYW
- 1D
- 0.61%
- 1M
- 0.73%
- YTD
- 22.66%
- 6M
- 23.40%
- 1Y
- 50.17%
- 3Y*
- 32.06%
- 5Y*
- 21.19%
- 10Y*
- 25.63%
LEAD vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LEAD Siren DIVCON Leaders Dividend ETF | 16.18% | 15.52% | 10.32% | 26.25% | -18.16% | 29.69% | 23.41% | 33.75% | -6.63% | 24.89% |
IYW iShares U.S. Technology ETF | 22.66% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between LEAD and IYW is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2016 | 0.76 |
The correlation between LEAD and IYW has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.
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Return for Risk
LEAD vs. IYW — Risk / Return Rank
LEAD
IYW
LEAD vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Leaders Dividend ETF (LEAD) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LEAD | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.38 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 2.70 | +0.28 |
| Martin ratioReturn relative to average drawdown | 12.62 | 8.68 | +3.94 |
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Drawdowns
LEAD vs. IYW - Drawdown Comparison
The maximum LEAD drawdown since its inception was -32.19%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for LEAD and IYW.
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Drawdown Indicators
| LEAD | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.19% | -81.90% | +49.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -17.81% | +9.16% |
Max Drawdown (3Y)Largest decline over 3 years | -17.86% | -26.47% | +8.61% |
Max Drawdown (5Y)Largest decline over 5 years | -24.93% | -39.44% | +14.51% |
Max Drawdown (10Y)Largest decline over 10 years | -32.19% | -39.44% | +7.25% |
Current DrawdownCurrent decline from peak | 0.00% | -5.81% | +5.81% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -34.62% | +30.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 5.54% | -3.49% |
Volatility
LEAD vs. IYW - Volatility Comparison
The current volatility for Siren DIVCON Leaders Dividend ETF (LEAD) is 6.06%, while iShares U.S. Technology ETF (IYW) has a volatility of 9.41%. This indicates that LEAD experiences smaller price fluctuations and is considered to be less risky 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
| LEAD | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 9.41% | -3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | 17.67% | -5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 21.47% | -6.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 26.07% | -8.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.70% | 25.20% | -6.50% |
LEAD vs. IYW - Expense Ratio Comparison
LEAD has a 0.43% expense ratio, which is higher than IYW's 0.38% expense ratio.
Dividends
LEAD vs. IYW - Dividend Comparison
LEAD's dividend yield for the trailing twelve months is around 0.57%, more than IYW's 0.11% 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% |
LEAD Siren DIVCON Leaders Dividend ETF | 0.57% | 0.70% | 0.93% | 1.13% | 1.27% | 1.79% | 0.81% | 1.32% | 1.38% | 0.97% | 1.38% | 0.00% |
Frequently Asked Questions
LEAD and IYW have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (9.41%) compared to LEAD (6.06%). In terms of maximum drawdown, LEAD dropped -32.19% vs IYW's -81.90%.
On 10-year performance, IYW leads with 25.63% vs 14.95% for LEAD. On fees, IYW is cheaper at 0.38% per year. On volatility, LEAD has been the lower-risk option at 6.06%. 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 25.63% return vs 14.95%. 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 0.43% for LEAD.
LEAD has the higher dividend yield at 0.57%, compared with 0.11% for IYW.
LEAD is categorized as Large Cap Growth Equities, while IYW is Technology Equities. LEAD tracks Siren DIVCON Leaders Dividend Index, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. They also come from different issuers: SRN Advisors and iShares. Their fees differ too: 0.43% for LEAD and 0.38% for IYW.
IYW currently has the higher Sharpe Ratio (2.24 vs 1.69), 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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