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UFOX vs. IGV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UFOX vs. IGV

Last updated Aug 2, 2026
Documentation

UFOX (Defiance Connective Technologies ETF) and IGV (iShares Expanded Tech-Software Sector ETF) are both Technology Equities funds - UFOX tracks the BlueStar Connective Technologies Index while IGV tracks the S&P North American Expanded Technology Software Index. Both are passively managed. Over the past 5 years, UFOX returned 16.95%/yr vs 3.25%/yr for IGV. Their 0.73 correlation means they have sometimes moved together and sometimes differently. UFOX charges 0.30%/yr vs 0.39%/yr for IGV.

Performance

UFOX vs. IGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Connective Technologies ETF (UFOX) and iShares Expanded Tech-Software Sector ETF (IGV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UFOX achieves a 24.91% return, which is significantly higher than IGV's -10.50% return.

UFOX

1D
0.28%
1M
-10.33%
6M
20.27%
YTD
24.91%
1Y
50.71%
3Y*
34.01%
5Y*
16.95%
10Y*
—
ALL TIME*
18.18%

IGV

1D
1.36%
1M
1.08%
6M
4.75%
YTD
-10.50%
1Y
-12.92%
3Y*
9.07%
5Y*
3.25%
10Y*
15.95%
ALL TIME*
9.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IGV

iShares Expanded Tech-Software Sector ETF
$1.45B$1.32B$1.70B

UFOX

Defiance Connective Technologies ETF
$4.02M$3.58M$4.72M

UFOX vs. IGV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
UFOX
Defiance Connective Technologies ETF		24.91%34.83%34.11%21.83%-27.26%25.68%29.78%5.58%
IGV
iShares Expanded Tech-Software Sector ETF		-10.50%5.56%23.41%58.56%-35.65%12.30%52.86%14.13%

Correlation

The correlation between UFOX and IGV is 0.48, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.48

Correlation (3Y)
Balances recent behavior with more history.

0.67

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.74

Correlation (All Time)
Calculated using the full available price history since Mar 5, 2019

0.73

Over the past year, the correlation between UFOX and IGV has dropped to 0.48 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

UFOX vs. IGV - Sectors Allocation Comparison

Sectors
UFOX
IGV

Technology

76.1%
89.3%

Industrials

14.4%
0.1%

Communication Services

6.4%
8.3%

Real Estate

3.1%

-

Basic Materials

-

-

Consumer Cyclical

-

0.3%

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

1.9%

Healthcare

-

-

Utilities

-

-

Technology

UFOX
76.1%
IGV
89.3%

Industrials

UFOX
14.4%
IGV
0.1%

Communication Services

UFOX
6.4%
IGV
8.3%

Real Estate

UFOX
3.1%
IGV

-

Basic Materials

UFOX

-

IGV

-

Consumer Cyclical

UFOX

-

IGV
0.3%

Consumer Defensive

UFOX

-

IGV

-

Energy

UFOX

-

IGV

-

Financial Services

UFOX

-

IGV
1.9%

Healthcare

UFOX

-

IGV

-

Utilities

UFOX

-

IGV

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Defiance Connective Technologies ETF

iShares Expanded Tech-Software Sector ETF

Often compared with UFOX:
UFOX vs. DTCRUFOX vs. SPRXUFOX vs. AIPOUFOX vs. LENSUFOX vs. XLKUFOX vs. AISUFOX vs. AVUV
Often compared with IGV:
IGV vs. SOXXIGV vs. QQQIGV vs. XSWIGV vs. VGTIGV vs. XLKIGV vs. SMHIGV vs. SMHX

Return for Risk

UFOX vs. IGV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
UFOX
UFOX Risk / Return Rank: 5858
Overall Rank
UFOX Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
UFOX Sortino Ratio Rank: 6262
Sortino Ratio Rank
UFOX Omega Ratio Rank: 6161
Omega Ratio Rank
UFOX Calmar Ratio Rank: 4646
Calmar Ratio Rank
UFOX Martin Ratio Rank: 5353
Martin Ratio Rank
IGV
IGV Risk / Return Rank: 55
Overall Rank
IGV Sharpe Ratio Rank: 55
Sharpe Ratio Rank
IGV Sortino Ratio Rank: 55
Sortino Ratio Rank
IGV Omega Ratio Rank: 55
Omega Ratio Rank
IGV Calmar Ratio Rank: 66
Calmar Ratio Rank
IGV Martin Ratio Rank: 66
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UFOX vs. IGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Connective Technologies ETF (UFOX) and iShares Expanded Tech-Software Sector ETF (IGV). 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.

UFOXIGVDifference
Sharpe ratioReturn per unit of total volatility
1.54
-0.53

+2.06

Sortino ratioReturn per unit of downside risk
2.09
-0.58

+2.67

Omega ratioGain probability vs. loss probability

1.26

0.93

+0.33

Calmar ratioReturn relative to maximum drawdown

1.66

-0.42

+2.08

Martin ratioReturn relative to average drawdown

6.25

-0.79

+7.04

UFOX vs. IGV - Sharpe Ratio Comparison

The current UFOX Sharpe Ratio is 1.54, which is higher than the IGV Sharpe Ratio of -0.53. The chart below compares the historical Sharpe Ratios of UFOX and IGV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

UFOX vs. IGV - Drawdown Comparison

The maximum UFOX drawdown since its inception was -33.90%, smaller than the maximum IGV drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for UFOX and IGV.

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Drawdown Indicators

UFOXIGVDifference

Max Drawdown

Largest peak-to-trough decline

-33.90%

-63.45%

+29.55%

Max Drawdown (1Y)

Largest decline over 1 year

-28.71%

-36.61%

+7.90%

Max Drawdown (3Y)

Largest decline over 3 years

-28.71%

-36.61%

+7.90%

Max Drawdown (5Y)

Largest decline over 5 years

-33.90%

-45.85%

+11.95%

Max Drawdown (10Y)

Largest decline over 10 years

—

-45.85%

—

Current Drawdown

Current decline from peak

-25.11%

-19.69%

-5.42%

Average Drawdown

Average peak-to-trough decline

-9.18%

-14.49%

+5.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.61%

19.35%

-11.74%

Volatility

UFOX vs. IGV - Volatility Comparison

Defiance Connective Technologies ETF (UFOX) has a higher volatility of 11.73% compared to iShares Expanded Tech-Software Sector ETF (IGV) at 6.80%. This indicates that UFOX's price experiences larger fluctuations and is considered to be riskier than IGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UFOXIGVDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.73%

6.80%

+4.93%

Volatility (6M)

Calculated over the trailing 6-month period

26.21%

25.02%

+1.19%

Volatility (1Y)

Calculated over the trailing 1-year period

31.05%

29.16%

+1.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.82%

28.16%

-2.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.83%

26.45%

-0.62%

UFOX vs. IGV - Expense Ratio Comparison

UFOX has a 0.30% expense ratio, which is lower than IGV's 0.39% expense ratio.

Dividends

UFOX vs. IGV - Dividend Comparison

UFOX's dividend yield for the trailing twelve months is around 0.48%, more than IGV's 0.02% yield.

PositionTTM20252024202320222021202020192018201720162015
IGV
iShares Expanded Tech-Software Sector ETF		0.02%0.00%0.00%0.01%0.01%0.00%0.35%0.02%0.16%0.09%0.82%0.22%
UFOX
Defiance Connective Technologies ETF		0.48%0.56%0.79%1.40%1.63%1.17%0.99%0.75%0.00%0.00%0.00%0.00%

Frequently Asked Questions

UFOX and IGV have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

UFOX has higher volatility (11.73%) compared to IGV (6.80%). In terms of maximum drawdown, UFOX dropped -33.90% vs IGV's -63.45%.

On 5-year performance, UFOX leads with 16.95% vs 3.25% for IGV. On fees, UFOX is cheaper at 0.30% per year. On volatility, IGV has been the lower-risk option at 6.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, UFOX has performed better with a 16.95% return vs 3.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

UFOX is cheaper with a 0.30% expense ratio, compared with 0.39% for IGV.

UFOX has the higher dividend yield at 0.48%, compared with 0.02% for IGV.

UFOX tracks BlueStar Connective Technologies Index, while IGV tracks S&P North American Expanded Technology Software Index. They also come from different issuers: Defiance and iShares. Their fees differ too: 0.30% for UFOX and 0.39% for IGV.

UFOX currently has the higher Sharpe Ratio (1.54 vs -0.53), 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.

Portfolio Optimizer

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