LECO vs. IYW
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
| LECO | IYW | |
|---|---|---|
| YTD Return | 5.82% | 8.97% |
| 1Y Return | 37.36% | 44.51% |
| 3Y Return (Ann) | 21.57% | 13.81% |
| 5Y Return (Ann) | 24.68% | 22.85% |
| 10Y Return (Ann) | 15.23% | 20.54% |
| Sharpe Ratio | 1.62 | 2.31 |
| Daily Std Dev | 22.89% | 18.87% |
| Max Drawdown | -68.89% | -81.89% |
| Current Drawdown | -11.19% | -2.13% |
Correlation
The correlation between LECO and IYW is 0.52, 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.
Performance
LECO vs. IYW - Performance Comparison
In the year-to-date period, LECO achieves a 5.82% return, which is significantly lower than IYW's 8.97% return. Over the past 10 years, LECO has underperformed IYW with an annualized return of 15.23%, while IYW has yielded a comparatively higher 20.54% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
Dividends
LECO vs. IYW - Dividend Comparison
LECO's dividend yield for the trailing twelve months is around 1.18%, more than IYW's 0.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LECO Lincoln Electric Holdings, Inc. | 1.18% | 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 | 0.35% | 0.40% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% | 1.06% |
Drawdowns
LECO vs. IYW - Drawdown Comparison
The maximum LECO drawdown since its inception was -68.89%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for LECO and IYW. For additional features, visit the drawdowns tool.
Volatility
LECO vs. IYW - Volatility Comparison
Lincoln Electric Holdings, Inc. (LECO) and iShares U.S. Technology ETF (IYW) have volatilities of 7.01% and 7.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.