MDU vs. IYW
MDU (MDU Resources Group, Inc.) 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 10 years, MDU returned 12.46%/yr vs 25.94%/yr for IYW. At a 0.37 correlation, their price movements are largely independent.
Performance
MDU vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, MDU achieves a 12.09% return, which is significantly lower than IYW's 21.96% return. Over the past 10 years, MDU has underperformed IYW with an annualized return of 12.46%, while IYW has yielded a comparatively higher 25.94% annualized return.
MDU
- 1D
- 1.84%
- 1M
- -1.92%
- YTD
- 12.09%
- 6M
- 11.92%
- 1Y
- 34.62%
- 3Y*
- 28.45%
- 5Y*
- 15.77%
- 10Y*
- 12.46%
IYW
- 1D
- -3.91%
- 1M
- 0.69%
- YTD
- 21.96%
- 6M
- 20.43%
- 1Y
- 47.04%
- 3Y*
- 32.10%
- 5Y*
- 20.32%
- 10Y*
- 25.94%
MDU vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDU MDU Resources Group, Inc. | 12.09% | 11.77% | 68.01% | -1.94% | 1.46% | 20.37% | -8.31% | 28.44% | -8.64% | -3.87% |
IYW iShares U.S. Technology ETF | 21.96% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between MDU and IYW is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 19, 2000 | 0.37 |
Over the past year, the correlation between MDU and IYW has dropped to 0.07 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
MDU vs. IYW — Risk / Return Rank
MDU
IYW
MDU vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MDU Resources Group, Inc. (MDU) 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.
| MDU | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 2.65 | +0.93 |
| Martin ratioReturn relative to average drawdown | 7.55 | 8.46 | -0.91 |
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Drawdowns
MDU vs. IYW - Drawdown Comparison
The maximum MDU drawdown since its inception was -62.17%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for MDU and IYW.
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Drawdown Indicators
| MDU | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.17% | -81.90% | +19.73% |
Max Drawdown (1Y)Largest decline over 1 year | -9.70% | -17.81% | +8.11% |
Max Drawdown (3Y)Largest decline over 3 years | -21.48% | -26.47% | +4.99% |
Max Drawdown (5Y)Largest decline over 5 years | -22.69% | -39.44% | +16.75% |
Max Drawdown (10Y)Largest decline over 10 years | -51.41% | -39.44% | -11.97% |
Current DrawdownCurrent decline from peak | -4.68% | -6.35% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -14.32% | -34.59% | +20.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 5.57% | -0.97% |
Volatility
MDU vs. IYW - Volatility Comparison
The current volatility for MDU Resources Group, Inc. (MDU) is 5.78%, while iShares U.S. Technology ETF (IYW) has a volatility of 11.15%. This indicates that MDU 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
| MDU | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.78% | 11.15% | -5.37% |
Volatility (6M)Calculated over the trailing 6-month period | 14.31% | 18.45% | -4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.67% | 22.34% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.00% | 26.24% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.12% | 25.26% | +1.86% |
Dividends
MDU vs. IYW - Dividend Comparison
MDU's dividend yield for the trailing twelve months is around 2.59%, 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% |
MDU MDU Resources Group, Inc. | 2.59% | 2.77% | 1.89% | 3.16% | 2.88% | 2.77% | 3.17% | 2.74% | 3.33% | 2.88% | 2.62% | 4.01% |
Frequently Asked Questions
MDU and IYW have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (11.15%) compared to MDU (5.78%). In terms of maximum drawdown, MDU dropped -62.17% vs IYW's -81.90%.
IYW currently has the higher Sharpe Ratio (2.12 vs 1.62), 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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