STE vs. IGM
STE (STERIS plc) is a stock, while IGM (iShares Expanded Tech Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Sector Index. Over the past 10 years, STE returned 12.74%/yr vs 25.19%/yr for IGM. At a 0.46 correlation, their price movements are largely independent.
Performance
STE vs. IGM - Performance Comparison
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Returns By Period
In the year-to-date period, STE achieves a -16.88% return, which is significantly lower than IGM's 31.32% return. Over the past 10 years, STE has underperformed IGM with an annualized return of 12.74%, while IGM has yielded a comparatively higher 25.19% annualized return.
STE
- 1D
- 0.20%
- 1M
- -0.97%
- YTD
- -16.88%
- 6M
- -18.76%
- 1Y
- -12.76%
- 3Y*
- 1.75%
- 5Y*
- 2.57%
- 10Y*
- 12.74%
IGM
- 1D
- -0.84%
- 1M
- 16.93%
- YTD
- 31.32%
- 6M
- 29.19%
- 1Y
- 62.26%
- 3Y*
- 39.18%
- 5Y*
- 22.04%
- 10Y*
- 25.19%
STE vs. IGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STE STERIS plc | -16.88% | 24.57% | -5.60% | 20.19% | -23.43% | 29.47% | 25.50% | 44.09% | 23.66% | 31.73% |
IGM iShares Expanded Tech Sector ETF | 31.32% | 26.76% | 36.99% | 60.68% | -35.83% | 25.72% | 45.11% | 41.81% | 2.26% | 37.20% |
Correlation
The correlation between STE and IGM is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2001 | 0.46 |
Over the past year, the correlation between STE and IGM has dropped to 0.12 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
STE vs. IGM — Risk / Return Rank
STE
IGM
STE vs. IGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for STERIS plc (STE) and iShares Expanded Tech Sector ETF (IGM). 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.
| STE | IGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.61 | ||
| Sortino ratioReturn per unit of downside risk | -4.43 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.50 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 3.81 | -4.32 |
| Martin ratioReturn relative to average drawdown | -1.27 | 13.36 | -14.62 |
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
| STE | IGM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | 3.07 | -3.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.86 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 1.03 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.48 | -0.07 |
Drawdowns
STE vs. IGM - Drawdown Comparison
The maximum STE drawdown since its inception was -77.22%, which is greater than IGM's maximum drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for STE and IGM.
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Drawdown Indicators
| STE | IGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.22% | -65.59% | -11.63% |
Max Drawdown (1Y)Largest decline over 1 year | -24.67% | -16.44% | -8.23% |
Max Drawdown (3Y)Largest decline over 3 years | -24.67% | -26.39% | +1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -40.68% | +4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -36.18% | -40.68% | +4.50% |
Current DrawdownCurrent decline from peak | -21.56% | -0.84% | -20.72% |
Average DrawdownAverage peak-to-trough decline | -18.32% | -15.23% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.09% | 4.67% | +5.42% |
Volatility
STE vs. IGM - Volatility Comparison
STERIS plc (STE) has a higher volatility of 7.74% compared to iShares Expanded Tech Sector ETF (IGM) at 6.10%. This indicates that STE's price experiences larger fluctuations and is considered to be riskier than IGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STE | IGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.74% | 6.10% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 18.14% | 16.08% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.67% | 20.43% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.79% | 25.68% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.06% | 24.54% | +0.52% |
Dividends
STE vs. IGM - Dividend Comparison
STE's dividend yield for the trailing twelve months is around 1.17%, more than IGM's 0.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGM iShares Expanded Tech Sector ETF | 0.12% | 0.17% | 0.22% | 0.33% | 0.66% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% |
STE STERIS plc | 1.17% | 0.95% | 1.06% | 0.90% | 0.97% | 0.68% | 0.81% | 0.93% | 1.22% | 1.35% | 1.57% | 1.27% |
Frequently Asked Questions
STE and IGM have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STE has higher volatility (7.74%) compared to IGM (6.10%). In terms of maximum drawdown, STE dropped -77.22% vs IGM's -65.59%.
IGM currently has the higher Sharpe Ratio (3.07 vs -0.54), 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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