TECB vs. MSFT
TECB (iShares U.S. Tech Breakthrough Multisector ETF) is Technology Equities fund tracking the NYSE FactSet U.S. Tech Breakthrough Index, while MSFT (Microsoft Corporation) is a stock. Over the past 5 years, TECB returned 12.38%/yr vs 7.88%/yr for MSFT. A 0.77 correlation means they provide meaningful diversification when combined.
Performance
TECB vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, TECB achieves a 14.50% return, which is significantly higher than MSFT's -22.33% return.
TECB
- 1D
- -1.74%
- 1M
- -1.20%
- YTD
- 14.50%
- 6M
- 13.00%
- 1Y
- 26.24%
- 3Y*
- 23.75%
- 5Y*
- 12.38%
- 10Y*
- —
MSFT
- 1D
- 1.80%
- 1M
- -10.66%
- YTD
- -22.33%
- 6M
- -22.85%
- 1Y
- -22.44%
- 3Y*
- 4.54%
- 5Y*
- 7.88%
- 10Y*
- 23.85%
TECB vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TECB iShares U.S. Tech Breakthrough Multisector ETF | 14.50% | 14.86% | 24.38% | 57.53% | -34.39% | 19.60% | 39.90% |
MSFT Microsoft Corporation | -22.33% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 38.67% |
Correlation
The correlation between TECB and MSFT is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2020 | 0.77 |
Over the past year, the correlation between TECB and MSFT has dropped to 0.53 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
TECB vs. MSFT — Risk / Return Rank
TECB
MSFT
TECB vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Breakthrough Multisector ETF (TECB) and Microsoft Corporation (MSFT). 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.
| TECB | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +3.09 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.86 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | -0.66 | +2.29 |
| Martin ratioReturn relative to average drawdown | 4.64 | -1.32 | +5.96 |
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Drawdowns
TECB vs. MSFT - Drawdown Comparison
The maximum TECB drawdown since its inception was -41.62%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for TECB and MSFT.
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Drawdown Indicators
| TECB | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.62% | -69.38% | +27.76% |
Max Drawdown (1Y)Largest decline over 1 year | -16.24% | -33.91% | +17.67% |
Max Drawdown (3Y)Largest decline over 3 years | -23.91% | -33.91% | +10.00% |
Max Drawdown (5Y)Largest decline over 5 years | -41.62% | -37.15% | -4.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.15% | — |
Current DrawdownCurrent decline from peak | -6.03% | -30.58% | +24.55% |
Average DrawdownAverage peak-to-trough decline | -10.14% | -21.79% | +11.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.67% | 17.08% | -11.41% |
Volatility
TECB vs. MSFT - Volatility Comparison
The current volatility for iShares U.S. Tech Breakthrough Multisector ETF (TECB) is 8.36%, while Microsoft Corporation (MSFT) has a volatility of 11.34%. This indicates that TECB experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TECB | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 11.34% | -2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 22.94% | -8.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.34% | 26.02% | -7.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.70% | 26.79% | -3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.43% | 27.09% | -1.66% |
Dividends
TECB vs. MSFT - Dividend Comparison
TECB's dividend yield for the trailing twelve months is around 0.31%, less than MSFT's 0.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.95% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
TECB iShares U.S. Tech Breakthrough Multisector ETF | 0.31% | 0.33% | 0.35% | 0.23% | 0.61% | 0.35% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TECB and MSFT have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (11.34%) compared to TECB (8.36%). In terms of maximum drawdown, TECB dropped -41.62% vs MSFT's -69.38%.
TECB currently has the higher Sharpe Ratio (1.44 vs -0.87), 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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