TECB vs. OGIG
Compare and contrast key facts about iShares U.S. Tech Breakthrough Multisector ETF (TECB) and O’Shares Global Internet Giants ETF (OGIG).
TECB and OGIG 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. OGIG is a passively managed fund by O'Shares Investments that tracks the performance of the O’Shares Global Internet Giants Index. It was launched on Jun 5, 2018. Both TECB and OGIG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TECB or OGIG.
Key characteristics
| TECB | OGIG | |
|---|---|---|
| YTD Return | 21.67% | 17.03% |
| 1Y Return | 39.81% | 34.87% |
| 3Y Return (Ann) | 7.71% | -8.73% |
| Sharpe Ratio | 2.25 | 1.78 |
| Sortino Ratio | 2.92 | 2.33 |
| Omega Ratio | 1.40 | 1.31 |
| Calmar Ratio | 1.90 | 0.65 |
| Martin Ratio | 12.17 | 9.41 |
| Ulcer Index | 3.25% | 3.76% |
| Daily Std Dev | 17.54% | 19.85% |
| Max Drawdown | -41.62% | -66.05% |
| Current Drawdown | -1.03% | -32.90% |
Correlation
The correlation between TECB and OGIG 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.
Performance
TECB vs. OGIG - Performance Comparison
In the year-to-date period, TECB achieves a 21.67% return, which is significantly higher than OGIG's 17.03% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TECB vs. OGIG - Expense Ratio Comparison
TECB has a 0.40% expense ratio, which is lower than OGIG's 0.48% expense ratio.
Risk-Adjusted Performance
TECB vs. OGIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Breakthrough Multisector ETF (TECB) and O’Shares Global Internet Giants ETF (OGIG). 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. OGIG - Dividend Comparison
TECB's dividend yield for the trailing twelve months is around 0.32%, while OGIG has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
TECB iShares U.S. Tech Breakthrough Multisector ETF | 0.32% | 0.23% | 0.61% | 0.35% | 0.77% |
OGIG O’Shares Global Internet Giants ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TECB vs. OGIG - Drawdown Comparison
The maximum TECB drawdown since its inception was -41.62%, smaller than the maximum OGIG drawdown of -66.05%. Use the drawdown chart below to compare losses from any high point for TECB and OGIG. For additional features, visit the drawdowns tool.
Volatility
TECB vs. OGIG - Volatility Comparison
iShares U.S. Tech Breakthrough Multisector ETF (TECB) and O’Shares Global Internet Giants ETF (OGIG) have volatilities of 4.02% and 4.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.