TECB vs. VGT
Compare and contrast key facts about iShares U.S. Tech Breakthrough Multisector ETF (TECB) and Vanguard Information Technology ETF (VGT).
TECB and VGT 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. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004. Both TECB and VGT 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 VGT.
Performance
TECB vs. VGT - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with TECB having a 24.66% return and VGT slightly higher at 25.23%.
TECB
24.66%
2.46%
10.77%
36.80%
N/A
N/A
VGT
25.23%
0.64%
13.55%
33.20%
21.96%
20.52%
Key characteristics
| TECB | VGT | |
|---|---|---|
| Sharpe Ratio | 2.17 | 1.60 |
| Sortino Ratio | 2.84 | 2.11 |
| Omega Ratio | 1.39 | 1.29 |
| Calmar Ratio | 3.03 | 2.20 |
| Martin Ratio | 11.95 | 7.92 |
| Ulcer Index | 3.11% | 4.23% |
| Daily Std Dev | 17.12% | 20.99% |
| Max Drawdown | -41.62% | -54.63% |
| Current Drawdown | -3.23% | -3.62% |
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TECB vs. VGT - Expense Ratio Comparison
TECB has a 0.40% expense ratio, which is higher than VGT's 0.10% expense ratio.
Correlation
The correlation between TECB and VGT is 0.95, 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. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Breakthrough Multisector ETF (TECB) and Vanguard Information Technology ETF (VGT). 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. VGT - Dividend Comparison
TECB's dividend yield for the trailing twelve months is around 0.31%, less than VGT's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TECB iShares U.S. Tech Breakthrough Multisector ETF | 0.31% | 0.23% | 0.61% | 0.35% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.62% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
Drawdowns
TECB vs. VGT - Drawdown Comparison
The maximum TECB drawdown since its inception was -41.62%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for TECB and VGT. For additional features, visit the drawdowns tool.
Volatility
TECB vs. VGT - Volatility Comparison
The current volatility for iShares U.S. Tech Breakthrough Multisector ETF (TECB) is 5.35%, while Vanguard Information Technology ETF (VGT) has a volatility of 6.53%. This indicates that TECB experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.