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PEP vs. IXN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PEP vs. IXN

Last updated Jun 24, 2026

PEP (PepsiCo, Inc.) is a stock, while IXN (iShares Global Tech ETF) is Technology Equities fund tracking the S&P Global Information Technology Sector Index. Over the past 10 years, PEP returned 6.60%/yr vs 25.29%/yr for IXN. At a 0.30 correlation, their price movements are largely independent.

Performance

PEP vs. IXN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PepsiCo, Inc. (PEP) and iShares Global Tech ETF (IXN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PEP achieves a 1.07% return, which is significantly lower than IXN's 32.88% return. Over the past 10 years, PEP has underperformed IXN with an annualized return of 6.60%, while IXN has yielded a comparatively higher 25.29% annualized return.

PEP

1D
0.95%
1M
-4.52%
YTD
1.07%
6M
0.96%
1Y
14.57%
3Y*
-5.31%
5Y*
2.73%
10Y*
6.60%

IXN

1D
-5.33%
1M
3.10%
YTD
32.88%
6M
32.08%
1Y
59.88%
3Y*
32.94%
5Y*
20.94%
10Y*
25.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PEP vs. IXN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PEP
PepsiCo, Inc.		1.07%-1.85%-7.60%-3.29%6.78%20.56%11.67%27.38%-4.81%17.82%
IXN
iShares Global Tech ETF		32.88%25.25%24.84%52.98%-29.86%29.58%43.62%47.88%-5.44%41.23%

Correlation

The correlation between PEP and IXN is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

-0.24

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

-0.08

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

0.10

Correlation (10Y)
Calculated over the trailing 10-year period

0.23

Correlation (All Time)
Calculated using the full available price history since Nov 26, 2001

0.30

The correlation between PEP and IXN shifts across timeframes, from -0.24 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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PepsiCo, Inc.

iShares Global Tech ETF

Often compared with PEP:
PEP vs. KOPEP vs. MCDPEP vs. MDLZPEP vs. COKEPEP vs. KDPPEP vs. VOOPEP vs. SCHD
Often compared with IXN:
IXN vs. VGTIXN vs. QQQIXN vs. IGMIXN vs. XLKIXN vs. FTECIXN vs. VOOIXN vs. IETC

Return for Risk

PEP vs. IXN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PEP
PEP Risk / Return Rank: 6161
Overall Rank
PEP Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
PEP Sortino Ratio Rank: 6060
Sortino Ratio Rank
PEP Omega Ratio Rank: 5656
Omega Ratio Rank
PEP Calmar Ratio Rank: 6262
Calmar Ratio Rank
PEP Martin Ratio Rank: 6363
Martin Ratio Rank
IXN
IXN Risk / Return Rank: 7575
Overall Rank
IXN Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
IXN Sortino Ratio Rank: 6666
Sortino Ratio Rank
IXN Omega Ratio Rank: 7070
Omega Ratio Rank
IXN Calmar Ratio Rank: 8484
Calmar Ratio Rank
IXN Martin Ratio Rank: 7777
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.

PEP vs. IXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PepsiCo, Inc. (PEP) and iShares Global Tech ETF (IXN). 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.

PEPIXNDifference
Sharpe ratioReturn per unit of total volatility
0.67
2.39

-1.72

Sortino ratioReturn per unit of downside risk
1.17
2.92

-1.75

Omega ratioGain probability vs. loss probability

1.13

1.40

-0.27

Calmar ratioReturn relative to maximum drawdown

0.90

4.36

-3.46

Martin ratioReturn relative to average drawdown

2.17

14.06

-11.89

PEP vs. IXN - Sharpe Ratio Comparison

The current PEP Sharpe Ratio is 0.67, which is lower than the IXN Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of PEP and IXN, 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

PEP vs. IXN - Drawdown Comparison

The maximum PEP drawdown since its inception was -73.92%, which is greater than IXN's maximum drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for PEP and IXN.

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Drawdown Indicators

PEPIXNDifference

Max Drawdown

Largest peak-to-trough decline

-73.92%

-55.67%

-18.25%

Max Drawdown (1Y)

Largest decline over 1 year

-16.25%

-13.80%

-2.45%

Max Drawdown (3Y)

Largest decline over 3 years

-29.17%

-25.55%

-3.62%

Max Drawdown (5Y)

Largest decline over 5 years

-30.32%

-36.30%

+5.98%

Max Drawdown (10Y)

Largest decline over 10 years

-30.32%

-36.30%

+5.98%

Current Drawdown

Current decline from peak

-18.89%

-6.82%

-12.07%

Average Drawdown

Average peak-to-trough decline

-13.65%

-11.26%

-2.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.72%

4.27%

+2.45%

Volatility

PEP vs. IXN - Volatility Comparison

The current volatility for PepsiCo, Inc. (PEP) is 6.45%, while iShares Global Tech ETF (IXN) has a volatility of 14.03%. This indicates that PEP experiences smaller price fluctuations and is considered to be less risky than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PEPIXNDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.45%

14.03%

-7.58%

Volatility (6M)

Calculated over the trailing 6-month period

15.02%

21.54%

-6.52%

Volatility (1Y)

Calculated over the trailing 1-year period

21.86%

25.21%

-3.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.43%

25.45%

-7.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.69%

24.67%

-4.98%

Dividends

PEP vs. IXN - Dividend Comparison

PEP's dividend yield for the trailing twelve months is around 4.20%, more than IXN's 0.79% yield.

PositionTTM20252024202320222021202020192018201720162015
IXN
iShares Global Tech ETF		0.79%1.04%0.43%0.55%0.81%0.58%0.63%1.06%0.94%0.93%1.03%1.12%
PEP
PepsiCo, Inc.		4.20%3.92%3.51%2.91%2.50%2.45%2.71%2.77%3.25%2.64%2.83%2.76%

Frequently Asked Questions

PEP and IXN have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IXN has higher volatility (14.03%) compared to PEP (6.45%). In terms of maximum drawdown, PEP dropped -73.92% vs IXN's -55.67%.

IXN currently has the higher Sharpe Ratio (2.39 vs 0.67), 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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