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TECB vs. IETC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TECB and IETC is 0.89, 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.


-0.50.00.51.0
Correlation: 0.9

Performance

TECB vs. IETC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Tech Breakthrough Multisector ETF (TECB) and iShares Evolved U.S. Technology ETF (IETC). The values are adjusted to include any dividend payments, if applicable.

80.00%100.00%120.00%140.00%160.00%180.00%NovemberDecember2025FebruaryMarchApril
101.54%
139.34%
TECB
IETC

Key characteristics

Sharpe Ratio

TECB:

0.39

IETC:

0.59

Sortino Ratio

TECB:

0.72

IETC:

0.98

Omega Ratio

TECB:

1.10

IETC:

1.14

Calmar Ratio

TECB:

0.40

IETC:

0.64

Martin Ratio

TECB:

1.47

IETC:

2.27

Ulcer Index

TECB:

6.55%

IETC:

7.12%

Daily Std Dev

TECB:

24.58%

IETC:

27.68%

Max Drawdown

TECB:

-41.62%

IETC:

-38.48%

Current Drawdown

TECB:

-12.28%

IETC:

-13.34%

Returns By Period

In the year-to-date period, TECB achieves a -6.31% return, which is significantly higher than IETC's -8.61% return.


TECB

YTD

-6.31%

1M

-2.14%

6M

-4.59%

1Y

10.66%

5Y*

15.10%

10Y*

N/A

IETC

YTD

-8.61%

1M

-0.33%

6M

-2.38%

1Y

17.09%

5Y*

20.06%

10Y*

N/A

*Annualized

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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.


Expense ratio chart for TECB: current value is 0.40%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TECB: 0.40%
Expense ratio chart for IETC: current value is 0.18%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
IETC: 0.18%

Risk-Adjusted Performance

TECB vs. IETC — Risk-Adjusted Performance Rank

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

TECB
The Risk-Adjusted Performance Rank of TECB is 5151
Overall Rank
The Sharpe Ratio Rank of TECB is 4949
Sharpe Ratio Rank
The Sortino Ratio Rank of TECB is 5151
Sortino Ratio Rank
The Omega Ratio Rank of TECB is 5151
Omega Ratio Rank
The Calmar Ratio Rank of TECB is 5353
Calmar Ratio Rank
The Martin Ratio Rank of TECB is 5050
Martin Ratio Rank

IETC
The Risk-Adjusted Performance Rank of IETC is 6565
Overall Rank
The Sharpe Ratio Rank of IETC is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of IETC is 6464
Sortino Ratio Rank
The Omega Ratio Rank of IETC is 6464
Omega Ratio Rank
The Calmar Ratio Rank of IETC is 7070
Calmar Ratio Rank
The Martin Ratio Rank of IETC is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for TECB, currently valued at 0.39, compared to the broader market-1.000.001.002.003.004.00
TECB: 0.39
IETC: 0.59
The chart of Sortino ratio for TECB, currently valued at 0.72, compared to the broader market-2.000.002.004.006.008.00
TECB: 0.72
IETC: 0.98
The chart of Omega ratio for TECB, currently valued at 1.10, compared to the broader market0.501.001.502.002.50
TECB: 1.10
IETC: 1.14
The chart of Calmar ratio for TECB, currently valued at 0.40, compared to the broader market0.002.004.006.008.0010.0012.00
TECB: 0.40
IETC: 0.64
The chart of Martin ratio for TECB, currently valued at 1.47, compared to the broader market0.0020.0040.0060.00
TECB: 1.47
IETC: 2.27

The current TECB Sharpe Ratio is 0.39, which is lower than the IETC Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of TECB and IETC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.39
0.59
TECB
IETC

Dividends

TECB vs. IETC - Dividend Comparison

TECB's dividend yield for the trailing twelve months is around 0.34%, less than IETC's 0.55% yield.


TTM2024202320222021202020192018
TECB
iShares U.S. Tech Breakthrough Multisector ETF
0.34%0.35%0.23%0.61%0.35%0.77%0.00%0.00%
IETC
iShares Evolved U.S. Technology ETF
0.55%0.52%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.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-12.28%
-13.34%
TECB
IETC

Volatility

TECB vs. IETC - Volatility Comparison

The current volatility for iShares U.S. Tech Breakthrough Multisector ETF (TECB) is 16.94%, while iShares Evolved U.S. Technology ETF (IETC) has a volatility of 17.86%. 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.


5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
16.94%
17.86%
TECB
IETC