LRGE vs. IYW
LRGE (ClearBridge Large Cap Growth ESG ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - LRGE is a Large Cap Growth Equities fund actively managed by Franklin Templeton, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. LRGE is actively managed, while IYW is passively managed. Over the past 5 years, LRGE returned 8.75%/yr vs 18.55%/yr for IYW. Their correlation of 0.86 means they have usually moved in the same direction. LRGE charges 0.59%/yr vs 0.38%/yr for IYW.
Performance
LRGE vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, LRGE achieves a 1.70% return, which is significantly lower than IYW's 19.29% return.
LRGE
- 1D
- 1.23%
- 1M
- -2.67%
- 6M
- 2.18%
- YTD
- 1.70%
- 1Y
- 7.51%
- 3Y*
- 14.84%
- 5Y*
- 8.75%
- 10Y*
- —
- ALL TIME*
- 14.72%
IYW
- 1D
- 0.46%
- 1M
- -2.23%
- 6M
- 20.08%
- YTD
- 19.29%
- 1Y
- 34.47%
- 3Y*
- 28.25%
- 5Y*
- 18.55%
- 10Y*
- 24.38%
- ALL TIME*
- 9.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $125.49M | $126.55M | $189.91M | |
| $4.11M | $3.64M | $1.94M |
LRGE vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LRGE ClearBridge Large Cap Growth ESG ETF | 1.70% | 9.54% | 26.32% | 46.36% | -31.45% | 22.93% | 31.89% | 33.38% | -0.38% | 16.01% |
IYW iShares U.S. Technology ETF | 19.29% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 14.49% |
Correlation
The correlation between LRGE and IYW is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.86 |
The correlation between LRGE and IYW has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
LRGE vs. IYW — Risk / Return Rank
LRGE
IYW
LRGE vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Large Cap Growth ESG ETF (LRGE) 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.
| LRGE | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.23 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 1.77 | -1.47 |
| Martin ratioReturn relative to average drawdown | 0.86 | 5.23 | -4.37 |
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Drawdowns
LRGE vs. IYW - Drawdown Comparison
The maximum LRGE drawdown since its inception was -37.03%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for LRGE and IYW.
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Drawdown Indicators
| LRGE | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.03% | -81.90% | +44.87% |
Max Drawdown (1Y)Largest decline over 1 year | -16.32% | -17.81% | +1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -20.26% | -26.47% | +6.21% |
Max Drawdown (5Y)Largest decline over 5 years | -37.03% | -39.44% | +2.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.44% | — |
Current DrawdownCurrent decline from peak | -5.46% | -8.40% | +2.94% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -34.48% | +27.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.79% | 6.03% | -0.24% |
Volatility
LRGE vs. IYW - Volatility Comparison
The current volatility for ClearBridge Large Cap Growth ESG ETF (LRGE) is 5.54%, while iShares U.S. Technology ETF (IYW) has a volatility of 7.86%. This indicates that LRGE 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
| LRGE | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 7.86% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 14.23% | 19.90% | -5.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.04% | 23.79% | -5.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.94% | 26.47% | -5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.62% | 25.36% | -4.74% |
LRGE vs. IYW - Expense Ratio Comparison
LRGE has a 0.59% expense ratio, which is higher than IYW's 0.38% expense ratio.
Dividends
LRGE vs. IYW - Dividend Comparison
LRGE's dividend yield for the trailing twelve months is around 0.12%, 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% |
LRGE ClearBridge Large Cap Growth ESG ETF | 0.12% | 0.13% | 0.18% | 0.11% | 2.02% | 1.20% | 0.37% | 0.37% | 2.10% | 0.37% | 0.00% | 0.00% |
Frequently Asked Questions
LRGE and IYW have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (7.86%) compared to LRGE (5.54%). In terms of maximum drawdown, LRGE dropped -37.03% vs IYW's -81.90%.
On 5-year performance, IYW leads with 18.55% vs 8.75% for LRGE. On fees, IYW is cheaper at 0.38% per year. On volatility, LRGE has been the lower-risk option at 5.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IYW has performed better with a 18.55% return vs 8.75%. 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 0.59% for LRGE.
LRGE and IYW have nearly identical dividend yields, around 0.12%.
LRGE is categorized as Large Cap Growth Equities, while IYW is Technology Equities. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.59% for LRGE and 0.38% for IYW.
IYW currently has the higher Sharpe Ratio (1.33 vs 0.28), 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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