VOOG vs. IETC

Last updated Jun 18, 2026

VOOG (Vanguard S&P 500 Growth ETF) and IETC (iShares U.S. Tech Independence Focused ETF) are both exchange-traded funds - VOOG is a S&P 500 fund tracking the S&P 500 Growth Index, while IETC is a Technology Equities fund actively managed by iShares. VOOG is passively managed, while IETC is actively managed. Over the past 5 years, VOOG returned 14.92%/yr vs 15.69%/yr for IETC. Their correlation of 0.94 suggests significant overlap in exposure. VOOG charges 0.07%/yr vs 0.18%/yr for IETC.

Performance

VOOG vs. IETC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 Growth ETF (VOOG) and iShares U.S. Tech Independence Focused ETF (IETC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOOG achieves a 10.28% return, which is significantly higher than IETC's 5.11% return.

VOOG

• 1D: -1.10%
• 1M: -0.04%
• YTD: 10.28%
• 6M: 13.48%
• 1Y: 29.35%
• 3Y*: 25.69%
• 5Y*: 14.92%
• 10Y*: 17.99%

IETC

• 1D: -0.89%
• 1M: 0.18%
• YTD: 5.11%
• 6M: 8.61%
• 1Y: 18.80%
• 3Y*: 25.22%
• 5Y*: 15.69%
• 10Y*: —

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

VOOG vs. IETC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VOOG Vanguard S&P 500 Growth ETF	10.28%	22.11%	35.89%	29.96%	-29.48%	31.95%	33.35%	30.93%	-2.60%
IETC iShares U.S. Tech Independence Focused ETF	5.11%	19.56%	37.57%	54.35%	-32.78%	29.73%	46.59%	43.09%	-3.75%

Correlation

The correlation between VOOG and IETC is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018	0.94

The correlation between VOOG and IETC has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.

VOOG vs. IETC - Sectors Allocation Comparison

Sectors	VOOG	IETC
Technology	49.4%	79.4%
Communication Services	18.0%	8.4%
Consumer Cyclical	9.4%	4.3%
Financial Services	8.8%	3.0%
Industrials	6.2%	3.7%
Healthcare	5.8%	0.1%
Consumer Defensive	1.0%	-
Real Estate	0.6%	0.7%
Utilities	0.4%	-
Basic Materials	0.4%	-
Energy	0.1%	-

Return for Risk

VOOG vs. IETC — Risk / Return Rank

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

VOOG

VOOG Risk / Return Rank: 51
VOOG Sharpe Ratio Rank: 55
VOOG Sortino Ratio Rank: 52
VOOG Omega Ratio Rank: 52
VOOG Calmar Ratio Rank: 45
VOOG Martin Ratio Rank: 53

IETC

IETC Risk / Return Rank: 22
IETC Sharpe Ratio Rank: 24
IETC Sortino Ratio Rank: 23
IETC Omega Ratio Rank: 23
IETC Calmar Ratio Rank: 20
IETC Martin Ratio Rank: 21

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.

VOOG vs. IETC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Growth ETF (VOOG) and iShares U.S. Tech Independence Focused ETF (IETC). 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.

	VOOG	IETC	Difference
Sharpe ratio: Return per unit of total volatility	1.76	0.84	+0.92
Sortino ratio: Return per unit of downside risk	2.39	1.23	+1.15
Omega ratio: Gain probability vs. loss probability	1.31	1.16	+0.15
Calmar ratio: Return relative to maximum drawdown	2.15	0.89	+1.26
Martin ratio: Return relative to average drawdown	8.61	2.44	+6.17

VOOG vs. IETC - Sharpe Ratio Comparison

The current VOOG Sharpe Ratio is 1.76, which is higher than the IETC Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of VOOG and IETC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VOOG vs. IETC - Drawdown Comparison

The maximum VOOG drawdown since its inception was -32.73%, smaller than the maximum IETC drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for VOOG and IETC.

Drawdown Indicators

	VOOG	IETC	Difference
Max Drawdown Largest peak-to-trough decline	-32.73%	-38.48%	+5.75%
Max Drawdown (1Y) Largest decline over 1 year	-13.71%	-21.19%	+7.48%
Max Drawdown (3Y) Largest decline over 3 years	-22.18%	-25.17%	+2.99%
Max Drawdown (5Y) Largest decline over 5 years	-32.73%	-38.48%	+5.75%
Max Drawdown (10Y) Largest decline over 10 years	-32.73%	—	—
Current Drawdown Current decline from peak	-4.12%	-9.78%	+5.66%
Average Drawdown Average peak-to-trough decline	-4.96%	-8.14%	+3.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	7.73%	-4.31%

Volatility

VOOG vs. IETC - Volatility Comparison

The current volatility for Vanguard S&P 500 Growth ETF (VOOG) is 6.80%, while iShares U.S. Tech Independence Focused ETF (IETC) has a volatility of 10.32%. This indicates that VOOG experiences smaller price fluctuations and is considered to be less risky than IETC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOOG	IETC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.80%	10.32%	-3.52%
Volatility (6M) Calculated over the trailing 6-month period	13.70%	18.01%	-4.31%
Volatility (1Y) Calculated over the trailing 1-year period	16.81%	22.47%	-5.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.34%	24.78%	-3.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.81%	25.47%	-4.66%

VOOG vs. IETC - Expense Ratio Comparison

VOOG has a 0.07% expense ratio, which is lower than IETC's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VOOG vs. IETC - Dividend Comparison

VOOG's dividend yield for the trailing twelve months is around 0.45%, more than IETC's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IETC iShares U.S. Tech Independence Focused ETF	0.39%	0.38%	0.52%	0.79%	0.92%	0.73%	0.48%	0.95%	1.27%	0.00%	0.00%	0.00%
VOOG Vanguard S&P 500 Growth ETF	0.45%	0.49%	0.49%	1.12%	0.93%	0.53%	0.88%	1.26%	1.34%	1.32%	1.47%	1.56%

Frequently Asked Questions

Can I hold both VOOG and IETC in my portfolio?

VOOG and IETC have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOOG or IETC?

IETC has higher volatility (10.32%) compared to VOOG (6.80%). In terms of maximum drawdown, VOOG dropped -32.73% vs IETC's -38.48%.

Which ETF is better, VOOG or IETC?

On 5-year performance, IETC leads with 15.69% vs 14.92% for VOOG. On fees, VOOG is cheaper at 0.07% per year. On volatility, VOOG has been the lower-risk option at 6.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOOG or IETC?

Over the 5-year period, IETC has performed better with a 15.69% return vs 14.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOOG or IETC?

VOOG is cheaper with a 0.07% expense ratio, compared with 0.18% for IETC.

Which ETF pays a higher dividend yield, VOOG or IETC?

VOOG has the higher dividend yield at 0.45%, compared with 0.39% for IETC.

What is the main difference between VOOG and IETC?

VOOG is categorized as S&P 500, while IETC is Technology Equities. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VOOG and 0.18% for IETC.

Which has better risk-adjusted returns?

VOOG currently has the higher Sharpe Ratio (1.76 vs 0.84), 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.