TEKX vs. IWR

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) and iShares Russell Midcap ETF (IWR).

TEKX and IWR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TEKX is an actively managed fund by State Street Global Advisors. It was launched on Sep 9, 2024. IWR is a passively managed fund by iShares that tracks the performance of the Russell Midcap Index. It was launched on Jul 17, 2001.

Performance

TEKX vs. IWR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) and iShares Russell Midcap ETF (IWR). The values are adjusted to include any dividend payments, if applicable.

TEKX vs. IWR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TEKX SPDR Galaxy Transformative Tech Accelerators ETF	4.61%	40.92%	14.80%
IWR iShares Russell Midcap ETF	1.98%	10.37%	5.89%

Returns By Period

In the year-to-date period, TEKX achieves a 4.61% return, which is significantly higher than IWR's 1.98% return.

TEKX

• 1D: 2.15%
• 1M: -9.79%
• YTD: 4.61%
• 6M: 0.67%
• 1Y: 82.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IWR

• 1D: 0.70%
• 1M: -4.86%
• YTD: 1.98%
• 6M: 2.12%
• 1Y: 16.21%
• 3Y*: 13.41%
• 5Y*: 6.92%
• 10Y*: 10.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TEKX vs. IWR - Expense Ratio Comparison

TEKX has a 0.65% expense ratio, which is higher than IWR's 0.19% expense ratio.

TEKX

SPDR Galaxy Transformative Tech Accelerators ETF

IWR

iShares Russell Midcap ETF

Return for Risk

TEKX vs. IWR — Risk / Return Rank

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

TEKX

TEKX Risk / Return Rank: 89
TEKX Sharpe Ratio Rank: 88
TEKX Sortino Ratio Rank: 88
TEKX Omega Ratio Rank: 80
TEKX Calmar Ratio Rank: 96
TEKX Martin Ratio Rank: 93

IWR

IWR Risk / Return Rank: 47
IWR Sharpe Ratio Rank: 44
IWR Sortino Ratio Rank: 45
IWR Omega Ratio Rank: 46
IWR Calmar Ratio Rank: 46
IWR Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TEKX vs. IWR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) and iShares Russell Midcap ETF (IWR). 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.

	TEKX	IWR	Difference
Sharpe ratio Return per unit of total volatility	1.95	0.85	+1.10
Sortino ratio Return per unit of downside risk	2.57	1.31	+1.26
Omega ratio Gain probability vs. loss probability	1.33	1.18	+0.14
Calmar ratio Return relative to maximum drawdown	4.99	1.24	+3.75
Martin ratio Return relative to average drawdown	15.06	5.71	+9.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TEKX vs. IWR - Sharpe Ratio Comparison

The current TEKX Sharpe Ratio is 1.95, which is higher than the IWR Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of TEKX and IWR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TEKX	IWR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	0.85	+1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.38	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.48	+0.43

Correlation

The correlation between TEKX and IWR is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TEKX vs. IWR - Dividend Comparison

TEKX's dividend yield for the trailing twelve months is around 0.34%, less than IWR's 1.27% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEKX SPDR Galaxy Transformative Tech Accelerators ETF	0.34%	0.36%	3.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IWR iShares Russell Midcap ETF	1.27%	1.29%	1.27%	1.43%	1.59%	1.04%	1.28%	1.43%	1.98%	1.52%	1.72%	1.59%

Drawdowns

TEKX vs. IWR - Drawdown Comparison

The maximum TEKX drawdown since its inception was -45.57%, smaller than the maximum IWR drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for TEKX and IWR.

Drawdown Indicators

	TEKX	IWR	Difference
Max Drawdown Largest peak-to-trough decline	-45.57%	-58.78%	+13.21%
Max Drawdown (1Y) Largest decline over 1 year	-17.92%	-13.38%	-4.54%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.59%	—
Current Drawdown Current decline from peak	-12.15%	-5.09%	-7.06%
Average Drawdown Average peak-to-trough decline	-11.24%	-7.85%	-3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.94%	2.91%	+3.03%

Volatility

TEKX vs. IWR - Volatility Comparison

SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) has a higher volatility of 13.78% compared to iShares Russell Midcap ETF (IWR) at 5.48%. This indicates that TEKX's price experiences larger fluctuations and is considered to be riskier than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEKX	IWR	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.78%	5.48%	+8.30%
Volatility (6M) Calculated over the trailing 6-month period	28.69%	10.48%	+18.21%
Volatility (1Y) Calculated over the trailing 1-year period	42.84%	19.08%	+23.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.83%	18.24%	+26.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.83%	19.35%	+25.48%