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 14.60%/yr vs 12.17%/yr for MSFT. A 0.78 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 19.78% return, which is significantly higher than MSFT's -11.24% return.
TECB
- 1D
- -0.89%
- 1M
- 12.64%
- YTD
- 19.78%
- 6M
- 18.27%
- 1Y
- 34.41%
- 3Y*
- 26.35%
- 5Y*
- 14.60%
- 10Y*
- —
MSFT
- 1D
- -3.17%
- 1M
- 3.54%
- YTD
- -11.24%
- 6M
- -10.15%
- 1Y
- -6.96%
- 3Y*
- 9.26%
- 5Y*
- 12.17%
- 10Y*
- 25.03%
TECB vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TECB iShares U.S. Tech Breakthrough Multisector ETF | 19.78% | 14.86% | 24.38% | 57.53% | -34.39% | 19.60% | 39.90% |
MSFT Microsoft Corporation | -11.24% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 39.32% |
Correlation
The correlation between TECB and MSFT is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2020 | 0.78 |
Over the past year, the correlation between TECB and MSFT has dropped to 0.54 - well below their long-term average of 0.78, 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.
| TECB | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +2.96 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.97 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | -0.21 | +2.33 |
| Martin ratioReturn relative to average drawdown | 6.24 | -0.44 | +6.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TECB | MSFT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | -0.28 | +2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.46 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.75 | -0.01 |
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 | -1.70% | -20.67% | +18.97% |
Average DrawdownAverage peak-to-trough decline | -10.18% | -21.78% | +11.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.53% | 15.95% | -10.42% |
Volatility
TECB vs. MSFT - Volatility Comparison
The current volatility for iShares U.S. Tech Breakthrough Multisector ETF (TECB) is 5.28%, while Microsoft Corporation (MSFT) has a volatility of 9.95%. 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 | 5.28% | 9.95% | -4.67% |
Volatility (6M)Calculated over the trailing 6-month period | 13.17% | 22.34% | -9.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.05% | 25.12% | -8.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.51% | 26.63% | -3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.37% | 27.04% | -1.67% |
Dividends
TECB vs. MSFT - Dividend Comparison
TECB's dividend yield for the trailing twelve months is around 0.28%, less than MSFT's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.83% | 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 | 0.28% | 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 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (9.95%) compared to TECB (5.28%). In terms of maximum drawdown, TECB dropped -41.62% vs MSFT's -69.38%.
TECB currently has the higher Sharpe Ratio (2.03 vs -0.28), 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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