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 13.41%/yr vs 24.77%/yr for IGM. At a 0.45 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 -17.83% return, which is significantly lower than IGM's 21.80% return. Over the past 10 years, STE has underperformed IGM with an annualized return of 13.41%, while IGM has yielded a comparatively higher 24.77% annualized return.
STE
- 1D
- 1.95%
- 1M
- -4.06%
- YTD
- -17.83%
- 6M
- -18.53%
- 1Y
- -12.61%
- 3Y*
- 0.42%
- 5Y*
- 0.99%
- 10Y*
- 13.41%
IGM
- 1D
- -0.69%
- 1M
- 0.05%
- YTD
- 21.80%
- 6M
- 19.91%
- 1Y
- 44.14%
- 3Y*
- 35.36%
- 5Y*
- 19.12%
- 10Y*
- 24.77%
STE vs. IGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STE STERIS plc | -17.83% | 24.57% | -5.60% | 20.19% | -23.43% | 29.47% | 25.50% | 44.09% | 23.66% | 31.73% |
IGM iShares Expanded Tech Sector ETF | 21.80% | 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 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2001 | 0.45 |
Over the past year, the correlation between STE and IGM has dropped to 0.08 - well below their long-term average of 0.45, 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.
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.
| STE | IGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -3.12 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.33 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 2.70 | -3.20 |
| Martin ratioReturn relative to average drawdown | -1.11 | 8.97 | -10.08 |
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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 | -25.37% | -16.44% | -8.93% |
Max Drawdown (3Y)Largest decline over 3 years | -25.37% | -26.39% | +1.02% |
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 | -22.46% | -8.03% | -14.43% |
Average DrawdownAverage peak-to-trough decline | -18.32% | -15.21% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.40% | 4.94% | +6.46% |
Volatility
STE vs. IGM - Volatility Comparison
The current volatility for STERIS plc (STE) is 6.22%, while iShares Expanded Tech Sector ETF (IGM) has a volatility of 11.52%. This indicates that STE experiences smaller price fluctuations and is considered to be less risky 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 | 6.22% | 11.52% | -5.30% |
Volatility (6M)Calculated over the trailing 6-month period | 18.60% | 18.62% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.21% | 22.76% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.87% | 26.07% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.00% | 24.71% | +0.29% |
Dividends
STE vs. IGM - Dividend Comparison
STE's dividend yield for the trailing twelve months is around 1.22%, more than IGM's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGM iShares Expanded Tech Sector ETF | 0.14% | 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 | 1.22% | 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 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGM has higher volatility (11.52%) compared to STE (6.22%). In terms of maximum drawdown, STE dropped -77.22% vs IGM's -65.59%.
IGM currently has the higher Sharpe Ratio (1.95 vs -0.52), 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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