PEP vs. IYW
PEP (PepsiCo, 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, PEP returned 6.45%/yr vs 26.11%/yr for IYW. At a 0.27 correlation, their price movements are largely independent.
Performance
PEP vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, PEP achieves a 0.20% return, which is significantly lower than IYW's 29.03% return. Over the past 10 years, PEP has underperformed IYW with an annualized return of 6.45%, while IYW has yielded a comparatively higher 26.11% annualized return.
PEP
- 1D
- 0.38%
- 1M
- -7.79%
- YTD
- 0.20%
- 6M
- -1.92%
- 1Y
- 12.44%
- 3Y*
- -5.24%
- 5Y*
- 2.25%
- 10Y*
- 6.45%
IYW
- 1D
- -0.92%
- 1M
- 16.53%
- YTD
- 29.03%
- 6M
- 28.22%
- 1Y
- 59.52%
- 3Y*
- 35.24%
- 5Y*
- 22.87%
- 10Y*
- 26.11%
PEP vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEP PepsiCo, Inc. | 0.20% | -1.85% | -7.60% | -3.29% | 6.78% | 20.56% | 11.67% | 27.38% | -4.81% | 17.82% |
IYW iShares U.S. Technology ETF | 29.03% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between PEP and IYW is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 22, 2000 | 0.27 |
The correlation between PEP and IYW shifts across timeframes, from -0.22 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PEP vs. IYW — Risk / Return Rank
PEP
IYW
PEP vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PepsiCo, Inc. (PEP) 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.
| PEP | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.48 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 3.36 | -2.59 |
| Martin ratioReturn relative to average drawdown | 2.12 | 11.00 | -8.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PEP | IYW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 2.98 | -2.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.89 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 1.04 | -0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.35 | +0.02 |
Drawdowns
PEP vs. IYW - Drawdown Comparison
The maximum PEP drawdown since its inception was -73.92%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for PEP and IYW.
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Drawdown Indicators
| PEP | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.92% | -81.90% | +7.98% |
Max Drawdown (1Y)Largest decline over 1 year | -16.25% | -17.81% | +1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -29.17% | -26.47% | -2.70% |
Max Drawdown (5Y)Largest decline over 5 years | -30.32% | -39.44% | +9.12% |
Max Drawdown (10Y)Largest decline over 10 years | -30.32% | -39.44% | +9.12% |
Current DrawdownCurrent decline from peak | -19.58% | -0.92% | -18.66% |
Average DrawdownAverage peak-to-trough decline | -13.64% | -34.66% | +21.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.87% | 5.43% | +0.44% |
Volatility
PEP vs. IYW - Volatility Comparison
PepsiCo, Inc. (PEP) and iShares U.S. Technology ETF (IYW) have volatilities of 6.35% and 6.30%, 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.
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Volatility by Period
| PEP | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.35% | 6.30% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 14.90% | 15.85% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.71% | 20.09% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 25.87% | -7.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.66% | 25.09% | -5.43% |
Dividends
PEP vs. IYW - Dividend Comparison
PEP's dividend yield for the trailing twelve months is around 3.99%, 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% |
PEP PepsiCo, Inc. | 3.99% | 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 IYW have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEP has higher volatility (6.35%) compared to IYW (6.30%). In terms of maximum drawdown, PEP dropped -73.92% vs IYW's -81.90%.
IYW currently has the higher Sharpe Ratio (2.98 vs 0.58), 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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