TECB vs. IETC
Compare and contrast key facts about iShares U.S. Tech Breakthrough Multisector ETF (TECB) and iShares Evolved U.S. Technology ETF (IETC).
TECB and IETC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TECB is a passively managed fund by iShares that tracks the performance of the NYSE FactSet U.S. Tech Breakthrough Index. It was launched on Jan 8, 2020. IETC is an actively managed fund by iShares. It was launched on Mar 21, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TECB or IETC.
Performance
TECB vs. IETC - Performance Comparison
Returns By Period
In the year-to-date period, TECB achieves a 24.66% return, which is significantly lower than IETC's 30.28% return.
TECB
24.66%
2.46%
10.77%
36.80%
N/A
N/A
IETC
30.28%
0.52%
14.85%
39.67%
21.99%
N/A
Key characteristics
| TECB | IETC | |
|---|---|---|
| Sharpe Ratio | 2.17 | 2.11 |
| Sortino Ratio | 2.84 | 2.76 |
| Omega Ratio | 1.39 | 1.38 |
| Calmar Ratio | 3.03 | 3.44 |
| Martin Ratio | 11.95 | 13.38 |
| Ulcer Index | 3.11% | 2.96% |
| Daily Std Dev | 17.12% | 18.79% |
| Max Drawdown | -41.62% | -38.48% |
| Current Drawdown | -3.23% | -3.69% |
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TECB vs. IETC - Expense Ratio Comparison
TECB has a 0.40% expense ratio, which is higher than IETC's 0.18% expense ratio.
Correlation
The correlation between TECB and IETC is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
TECB vs. IETC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Breakthrough Multisector ETF (TECB) and iShares Evolved U.S. Technology ETF (IETC). 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.
Dividends
TECB vs. IETC - Dividend Comparison
TECB's dividend yield for the trailing twelve months is around 0.31%, less than IETC's 0.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
TECB iShares U.S. Tech Breakthrough Multisector ETF | 0.31% | 0.23% | 0.61% | 0.35% | 0.77% | 0.00% | 0.00% |
IETC iShares Evolved U.S. Technology ETF | 0.57% | 0.79% | 0.92% | 0.73% | 0.48% | 0.79% | 1.27% |
Drawdowns
TECB vs. IETC - Drawdown Comparison
The maximum TECB drawdown since its inception was -41.62%, which is greater than IETC's maximum drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for TECB and IETC. For additional features, visit the drawdowns tool.
Volatility
TECB vs. IETC - Volatility Comparison
The current volatility for iShares U.S. Tech Breakthrough Multisector ETF (TECB) is 5.35%, while iShares Evolved U.S. Technology ETF (IETC) has a volatility of 6.19%. This indicates that TECB experiences smaller price fluctuations and is considered to be less risky than IETC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.