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MVST vs. IYW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MVST vs. IYW

Last updated Jun 13, 2026

MVST (Microvast Holdings, 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 5 years, MVST returned -39.10%/yr vs 21.19%/yr for IYW. At a 0.27 correlation, their price movements are largely independent.

Performance

MVST vs. IYW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Microvast Holdings, Inc. (MVST) and iShares U.S. Technology ETF (IYW). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MVST achieves a -59.64% return, which is significantly lower than IYW's 22.66% return.

MVST

1D
0.00%
1M
-25.66%
YTD
-59.64%
6M
-62.46%
1Y
-73.10%
3Y*
-10.38%
5Y*
-39.10%
10Y*
—

IYW

1D
0.61%
1M
1.73%
YTD
22.66%
6M
23.40%
1Y
47.94%
3Y*
32.06%
5Y*
21.19%
10Y*
25.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MVST vs. IYW - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
MVST
Microvast Holdings, Inc.		-59.64%35.27%47.86%-8.50%-72.97%-66.90%71.69%2.15%
IYW
iShares U.S. Technology ETF		22.66%25.38%30.25%65.44%-34.83%35.44%47.45%23.21%

Correlation

The correlation between MVST and IYW is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.43

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (5Y)
Calculated over the trailing 5-year period

0.32

Correlation (All Time)
Calculated using the full available price history since Mar 27, 2019

0.27

The correlation between MVST and IYW shifts across timeframes, from 0.26 (3 years) to 0.43 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Microvast Holdings, Inc.

iShares U.S. Technology ETF

Often compared with MVST:
MVST vs. SNALMVST vs. BFLYMVST vs. CREXMVST vs. GRABMVST vs. AMPYMVST vs. UURAFMVST vs. IVV
Often compared with IYW:
IYW vs. VGTIYW vs. QQQIYW vs. XLKIYW vs. IGMIYW vs. SMHIYW vs. SOXXIYW vs. IWF

Return for Risk

MVST vs. IYW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MVST
MVST Risk / Return Rank: 1010
Overall Rank
MVST Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
MVST Sortino Ratio Rank: 1010
Sortino Ratio Rank
MVST Omega Ratio Rank: 1010
Omega Ratio Rank
MVST Calmar Ratio Rank: 77
Calmar Ratio Rank
MVST Martin Ratio Rank: 99
Martin Ratio Rank
IYW
IYW Risk / Return Rank: 6969
Overall Rank
IYW Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
IYW Sortino Ratio Rank: 7373
Sortino Ratio Rank
IYW Omega Ratio Rank: 7474
Omega Ratio Rank
IYW Calmar Ratio Rank: 6262
Calmar Ratio Rank
IYW Martin Ratio Rank: 5656
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MVST vs. IYW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Microvast Holdings, Inc. (MVST) 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.

MVSTIYWDifference
Sharpe ratioReturn per unit of total volatility
-0.77
2.24

-3.01

Sortino ratioReturn per unit of downside risk
-1.19
2.82

-4.01

Omega ratioGain probability vs. loss probability

0.85

1.38

-0.52

Calmar ratioReturn relative to maximum drawdown

-0.89

2.70

-3.59

Martin ratioReturn relative to average drawdown

-1.40

8.68

-10.08

MVST vs. IYW - Sharpe Ratio Comparison

The current MVST Sharpe Ratio is -0.77, which is lower than the IYW Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of MVST and IYW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MVST vs. IYW - Drawdown Comparison

The maximum MVST drawdown since its inception was -99.34%, which is greater than IYW's maximum drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for MVST and IYW.

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Drawdown Indicators

MVSTIYWDifference

Max Drawdown

Largest peak-to-trough decline

-99.34%

-81.90%

-17.44%

Max Drawdown (1Y)

Largest decline over 1 year

-82.34%

-17.81%

-64.53%

Max Drawdown (3Y)

Largest decline over 3 years

-94.40%

-26.47%

-67.93%

Max Drawdown (5Y)

Largest decline over 5 years

-98.91%

-39.44%

-59.47%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.44%

—

Current Drawdown

Current decline from peak

-95.39%

-5.81%

-89.58%

Average Drawdown

Average peak-to-trough decline

-63.32%

-34.62%

-28.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

52.31%

5.54%

+46.77%

Volatility

MVST vs. IYW - Volatility Comparison

Microvast Holdings, Inc. (MVST) has a higher volatility of 26.91% compared to iShares U.S. Technology ETF (IYW) at 9.41%. This indicates that MVST'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.

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Volatility by Period

MVSTIYWDifference

Volatility (1M)

Calculated over the trailing 1-month period

26.91%

9.41%

+17.50%

Volatility (6M)

Calculated over the trailing 6-month period

77.64%

17.67%

+59.97%

Volatility (1Y)

Calculated over the trailing 1-year period

95.37%

21.47%

+73.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

187.75%

26.07%

+161.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

159.77%

25.20%

+134.57%

Dividends

MVST vs. IYW - Dividend Comparison

MVST has not paid dividends to shareholders, while IYW's dividend yield for the trailing twelve months is around 0.11%.

PositionTTM20252024202320222021202020192018201720162015
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%
MVST
Microvast Holdings, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MVST and IYW have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MVST has higher volatility (26.91%) compared to IYW (9.41%). In terms of maximum drawdown, MVST dropped -99.34% vs IYW's -81.90%.

IYW currently has the higher Sharpe Ratio (2.24 vs -0.77), 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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