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LECO vs. IYW

Last updated Feb 24, 2024

Compare and contrast key facts about Lincoln Electric Holdings, Inc. (LECO) and iShares U.S. Technology ETF (IYW).

IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LECO or IYW.

Key characteristics


LECOIYW
YTD Return14.98%8.09%
1Y Return52.45%57.93%
3Y Return (Ann)30.87%14.86%
5Y Return (Ann)25.52%24.46%
10Y Return (Ann)14.98%20.38%
Sharpe Ratio2.233.20
Daily Std Dev24.46%18.85%
Max Drawdown-68.89%-81.89%
Current Drawdown0.00%-1.32%

Correlation

0.53
-1.001.00

The correlation between LECO and IYW is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

LECO vs. IYW - Performance Comparison

In the year-to-date period, LECO achieves a 14.98% return, which is significantly higher than IYW's 8.09% return. Over the past 10 years, LECO has underperformed IYW with an annualized return of 14.98%, while IYW has yielded a comparatively higher 20.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%0.00%10.00%20.00%30.00%40.00%SeptemberOctoberNovemberDecember2024February
35.02%
24.57%
LECO
IYW

Compare stocks, funds, or ETFs


Lincoln Electric Holdings, Inc.

iShares U.S. Technology ETF

LECO vs. IYW - Dividend Comparison

LECO's dividend yield for the trailing twelve months is around 1.05%, more than IYW's 0.37% yield.


TTM20232022202120202019201820172016201520142013
LECO
Lincoln Electric Holdings, Inc.
1.05%1.21%1.61%1.50%1.70%1.96%2.08%1.57%1.71%2.29%1.42%1.16%
IYW
iShares U.S. Technology ETF
0.37%0.40%0.50%0.31%0.56%0.72%0.91%0.82%1.13%1.12%1.13%1.06%

LECO vs. IYW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Lincoln Electric Holdings, Inc. (LECO) 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
LECO
Lincoln Electric Holdings, Inc.
2.23
IYW
iShares U.S. Technology ETF
3.20

LECO vs. IYW - Sharpe Ratio Comparison

The current LECO Sharpe Ratio is 2.23, which is lower than the IYW Sharpe Ratio of 3.20. The chart below compares the 12-month rolling Sharpe Ratio of LECO and IYW.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50SeptemberOctoberNovemberDecember2024February
2.23
3.20
LECO
IYW

LECO vs. IYW - Drawdown Comparison

The maximum LECO drawdown since its inception was -68.89%, smaller than the maximum IYW drawdown of -81.89%. The drawdown chart below compares losses from any high point along the way for LECO and IYW


-20.00%-15.00%-10.00%-5.00%0.00%SeptemberOctoberNovemberDecember2024February0
-1.32%
LECO
IYW

LECO vs. IYW - Volatility Comparison

Lincoln Electric Holdings, Inc. (LECO) has a higher volatility of 9.00% compared to iShares U.S. Technology ETF (IYW) at 6.35%. This indicates that LECO'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.


4.00%6.00%8.00%10.00%SeptemberOctoberNovemberDecember2024February
9.00%
6.35%
LECO
IYW