V vs. IYW

Last updated Jun 6, 2026

V (Visa Inc.) is a stock, while IYW (iShares U.S. Technology ETF) is Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Over the past 10 years, V returned 15.72%/yr vs 25.22%/yr for IYW. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

V vs. IYW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Visa Inc. (V) and iShares U.S. Technology ETF (IYW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, V achieves a -7.36% return, which is significantly lower than IYW's 20.86% return. Over the past 10 years, V has underperformed IYW with an annualized return of 15.72%, while IYW has yielded a comparatively higher 25.22% annualized return.

V

• 1D: 1.06%
• 1M: 1.71%
• YTD: -7.36%
• 6M: -1.91%
• 1Y: -11.08%
• 3Y*: 13.20%
• 5Y*: 7.86%
• 10Y*: 15.72%

IYW

• 1D: -5.92%
• 1M: 3.93%
• YTD: 20.86%
• 6M: 18.95%
• 1Y: 49.32%
• 3Y*: 32.37%
• 5Y*: 21.27%
• 10Y*: 25.22%

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

V vs. IYW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
V Visa Inc.	-7.36%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%
IYW iShares U.S. Technology ETF	20.86%	25.38%	30.25%	65.44%	-34.83%	35.44%	47.45%	46.64%	-0.93%	36.60%

Correlation

The correlation between V and IYW is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Mar 20, 2008	0.56

Over the past year, the correlation between V and IYW has dropped to 0.14 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

Return for Risk

V vs. IYW — Risk / Return Rank

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

V

V Risk / Return Rank: 20
V Sharpe Ratio Rank: 20
V Sortino Ratio Rank: 18
V Omega Ratio Rank: 18
V Calmar Ratio Rank: 22
V Martin Ratio Rank: 21

IYW

IYW Risk / Return Rank: 64
IYW Sharpe Ratio Rank: 74
IYW Sortino Ratio Rank: 64
IYW Omega Ratio Rank: 68
IYW Calmar Ratio Rank: 57
IYW Martin Ratio Rank: 54

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.

V vs. IYW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Visa Inc. (V) and iShares U.S. Technology ETF (IYW). 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.

	V	IYW	Difference
Sharpe ratio: Return per unit of total volatility	-0.50	2.36	-2.86
Sortino ratio: Return per unit of downside risk	-0.59	2.93	-3.51
Omega ratio: Gain probability vs. loss probability	0.93	1.40	-0.47
Calmar ratio: Return relative to maximum drawdown	-0.55	2.78	-3.33
Martin ratio: Return relative to average drawdown	-1.01	9.08	-10.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

V vs. IYW - Sharpe Ratio Comparison

The current V Sharpe Ratio is -0.50, which is lower than the IYW Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of V and IYW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	V	IYW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.50	2.36	-2.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.82	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	1.01	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.34	+0.35

Drawdowns

V vs. IYW - Drawdown Comparison

The maximum V drawdown since its inception was -51.90%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for V and IYW.

Drawdown Indicators

	V	IYW	Difference
Max Drawdown Largest peak-to-trough decline	-51.90%	-81.90%	+30.00%
Max Drawdown (1Y) Largest decline over 1 year	-20.38%	-17.81%	-2.57%
Max Drawdown (3Y) Largest decline over 3 years	-20.38%	-26.47%	+6.09%
Max Drawdown (5Y) Largest decline over 5 years	-28.60%	-39.44%	+10.84%
Max Drawdown (10Y) Largest decline over 10 years	-36.36%	-39.44%	+3.08%
Current Drawdown Current decline from peak	-12.64%	-7.19%	-5.45%
Average Drawdown Average peak-to-trough decline	-8.26%	-34.65%	+26.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.00%	5.45%	+5.55%

Volatility

V vs. IYW - Volatility Comparison

The current volatility for Visa Inc. (V) is 5.65%, while iShares U.S. Technology ETF (IYW) has a volatility of 8.75%. This indicates that V experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	V	IYW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	8.75%	-3.10%
Volatility (6M) Calculated over the trailing 6-month period	17.47%	17.04%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	22.27%	20.98%	+1.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.79%	25.99%	-3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.46%	25.16%	-0.70%

Dividends

V vs. IYW - Dividend Comparison

V's dividend yield for the trailing twelve months is around 0.80%, more than IYW's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYW iShares U.S. Technology ETF	0.11%	0.14%	0.21%	0.34%	0.50%	0.31%	0.56%	0.72%	0.92%	0.82%	1.14%	1.12%
V Visa Inc.	0.80%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Frequently Asked Questions

Can I hold both V and IYW in my portfolio?

V and IYW have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, V or IYW?

IYW has higher volatility (8.75%) compared to V (5.65%). In terms of maximum drawdown, V dropped -51.90% vs IYW's -81.90%.

Which has better risk-adjusted returns?

IYW currently has the higher Sharpe Ratio (2.36 vs -0.50), 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.