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UPWK vs. IGV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between UPWK and IGV is 0.45, 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.

UPWK vs. IGV

Last updated Jun 1, 2025

Compare and contrast key facts about Upwork Inc. (UPWK) and iShares Expanded Tech-Software Sector ET (IGV).

IGV is a passively managed fund by iShares that tracks the performance of the S&P North American Technology-Software Index. It was launched on Jul 10, 2001.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UPWK or IGV.

Performance

UPWK vs. IGV - Performance Comparison

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

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Key characteristics

Sharpe Ratio

UPWK:

0.78

IGV:

1.22

Sortino Ratio

UPWK:

1.62

IGV:

1.39

Omega Ratio

UPWK:

1.20

IGV:

1.18

Calmar Ratio

UPWK:

0.51

IGV:

0.95

Martin Ratio

UPWK:

3.09

IGV:

2.94

Ulcer Index

UPWK:

14.07%

IGV:

8.79%

Daily Std Dev

UPWK:

56.34%

IGV:

28.75%

Max Drawdown

UPWK:

-87.48%

IGV:

-62.18%

Current Drawdown

UPWK:

-74.48%

IGV:

-5.82%

Returns By Period

In the year-to-date period, UPWK achieves a -5.26% return, which is significantly lower than IGV's 3.53% return.

UPWK

YTD

-5.26%

1M

16.38%

6M

-8.72%

1Y

46.55%

3Y*

-5.32%

5Y*

4.48%

10Y*

N/A

IGV

YTD

3.53%

1M

6.84%

6M

-1.06%

1Y

32.73%

3Y*

22.11%

5Y*

14.26%

10Y*

18.01%

*Annualized

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Upwork Inc.

iShares Expanded Tech-Software Sector ET

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

UPWK vs. IGV — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UPWK
The Risk-Adjusted Performance Rank of UPWK is 7676
Overall Rank
The Sharpe Ratio Rank of UPWK is 7777
Sharpe Ratio Rank
The Sortino Ratio Rank of UPWK is 7979
Sortino Ratio Rank
The Omega Ratio Rank of UPWK is 7575
Omega Ratio Rank
The Calmar Ratio Rank of UPWK is 7272
Calmar Ratio Rank
The Martin Ratio Rank of UPWK is 7979
Martin Ratio Rank
IGV
The Risk-Adjusted Performance Rank of IGV is 7676
Overall Rank
The Sharpe Ratio Rank of IGV is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of IGV is 7676
Sortino Ratio Rank
The Omega Ratio Rank of IGV is 7373
Omega Ratio Rank
The Calmar Ratio Rank of IGV is 7878
Calmar Ratio Rank
The Martin Ratio Rank of IGV is 6969
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

UPWK vs. IGV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Upwork Inc. (UPWK) and iShares Expanded Tech-Software Sector ET (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.

The current UPWK Sharpe Ratio is 0.78, which is lower than the IGV Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of UPWK and IGV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

UPWK vs. IGV - Dividend Comparison

Neither UPWK nor IGV has paid dividends to shareholders.

TTM20242023202220212020201920182017201620152014
UPWK
Upwork Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IGV
iShares Expanded Tech-Software Sector ET		0.00%0.00%0.41%0.01%0.00%0.35%0.02%0.16%0.09%0.82%0.22%0.29%

Drawdowns

UPWK vs. IGV - Drawdown Comparison

The maximum UPWK drawdown since its inception was -87.48%, which is greater than IGV's maximum drawdown of -62.18%. Use the drawdown chart below to compare losses from any high point for UPWK and IGV.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

UPWK vs. IGV - Volatility Comparison

Upwork Inc. (UPWK) has a higher volatility of 18.62% compared to iShares Expanded Tech-Software Sector ET (IGV) at 6.21%. This indicates that UPWK'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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