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SVARX vs. IGM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

SVARX vs. IGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Spectrum Low Volatility Fund (SVARX) and iShares Expanded Tech Sector ETF (IGM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SVARX achieves a 1.14% return, which is significantly lower than IGM's 27.92% return. Over the past 10 years, SVARX has underperformed IGM with an annualized return of 6.01%, while IGM has yielded a comparatively higher 25.12% annualized return.


SVARX

1D
0.17%
1M
0.46%
YTD
1.14%
6M
1.70%
1Y
5.86%
3Y*
6.63%
5Y*
3.10%
10Y*
6.01%

IGM

1D
3.64%
1M
7.10%
YTD
27.92%
6M
29.29%
1Y
56.16%
3Y*
36.48%
5Y*
20.96%
10Y*
25.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SVARX vs. IGM - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
SVARX
Spectrum Low Volatility Fund
1.14%6.22%2.60%9.67%-4.35%4.10%19.50%9.42%-0.99%8.25%
IGM
iShares Expanded Tech Sector ETF
27.92%26.76%36.99%60.68%-35.83%25.72%45.11%41.81%2.26%37.20%

Correlation

The correlation between SVARX and IGM is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.


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

0.41

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

0.35

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

0.37

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

0.37

Correlation (All Time)
Calculated using the full available price history since Dec 17, 2013

0.36

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Return for Risk

SVARX vs. IGM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SVARX
SVARX Risk / Return Rank: 5656
Overall Rank
SVARX Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
SVARX Sortino Ratio Rank: 6262
Sortino Ratio Rank
SVARX Omega Ratio Rank: 7878
Omega Ratio Rank
SVARX Calmar Ratio Rank: 4343
Calmar Ratio Rank
SVARX Martin Ratio Rank: 2424
Martin Ratio Rank

IGM
IGM Risk / Return Rank: 7878
Overall Rank
IGM Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
IGM Sortino Ratio Rank: 7979
Sortino Ratio Rank
IGM Omega Ratio Rank: 8080
Omega Ratio Rank
IGM Calmar Ratio Rank: 7474
Calmar Ratio Rank
IGM Martin Ratio Rank: 7070
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.

SVARX vs. IGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Spectrum Low Volatility Fund (SVARX) 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.


SVARXIGMDifference
Sharpe ratioReturn per unit of total volatility

-0.45

Sortino ratioReturn per unit of downside risk

-0.36

Omega ratioGain probability vs. loss probability

1.44

1.42

+0.02

Calmar ratioReturn relative to maximum drawdown

2.22

3.43

-1.21

Martin ratioReturn relative to average drawdown

5.07

11.62

-6.55

SVARX vs. IGM - Sharpe Ratio Comparison

The current SVARX Sharpe Ratio is 2.09, which is comparable to the IGM Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of SVARX and IGM, 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

SVARX vs. IGM - Drawdown Comparison

The maximum SVARX drawdown since its inception was -6.48%, smaller than the maximum IGM drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for SVARX and IGM.


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Drawdown Indicators


SVARXIGMDifference

Max Drawdown

Largest peak-to-trough decline

-6.48%

-65.59%

+59.11%

Max Drawdown (1Y)

Largest decline over 1 year

-2.55%

-16.44%

+13.89%

Max Drawdown (3Y)

Largest decline over 3 years

-2.55%

-26.39%

+23.84%

Max Drawdown (5Y)

Largest decline over 5 years

-6.48%

-40.68%

+34.20%

Max Drawdown (10Y)

Largest decline over 10 years

-6.48%

-40.68%

+34.20%

Current Drawdown

Current decline from peak

-1.65%

-3.41%

+1.76%

Average Drawdown

Average peak-to-trough decline

-1.23%

-15.22%

+13.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.12%

4.85%

-3.73%

Volatility

SVARX vs. IGM - Volatility Comparison

The current volatility for Spectrum Low Volatility Fund (SVARX) is 0.83%, while iShares Expanded Tech Sector ETF (IGM) has a volatility of 10.54%. This indicates that SVARX 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


SVARXIGMDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.83%

10.54%

-9.71%

Volatility (6M)

Calculated over the trailing 6-month period

2.20%

18.42%

-16.22%

Volatility (1Y)

Calculated over the trailing 1-year period

2.71%

22.24%

-19.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.10%

25.97%

-22.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.68%

24.70%

-21.02%

SVARX vs. IGM - Expense Ratio Comparison

SVARX has a 2.34% expense ratio, which is higher than IGM's 0.39% expense ratio.


Dividends

SVARX vs. IGM - Dividend Comparison

SVARX's dividend yield for the trailing twelve months is around 5.88%, more than IGM's 0.17% yield.


PositionTTM20252024202320222021202020192018201720162015
IGM
iShares Expanded Tech Sector ETF
0.17%0.17%0.22%0.33%0.66%0.16%0.32%0.50%0.57%0.57%0.90%0.79%
SVARX
Spectrum Low Volatility Fund
5.88%5.95%9.35%3.35%0.00%5.85%0.71%4.91%2.41%6.90%9.07%3.02%

Frequently Asked Questions


SVARX and IGM have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IGM has higher volatility (10.54%) compared to SVARX (0.83%). In terms of maximum drawdown, SVARX dropped -6.48% vs IGM's -65.59%.

IGM currently has the higher Sharpe Ratio (2.54 vs 2.09), 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.

Portfolio Optimizer

Find the right allocation for SVARX and IGM

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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