WSO-B vs. IXN
WSO-B (Watsco Inc) is a stock, while IXN (iShares Global Tech ETF) is Technology Equities fund tracking the S&P Global Information Technology Sector Index. Over the past 10 years, WSO-B returned 13.66%/yr vs 25.57%/yr for IXN. At a 0.23 correlation, their price movements are largely independent.
Performance
WSO-B vs. IXN - Performance Comparison
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Returns By Period
In the year-to-date period, WSO-B achieves a 5.06% return, which is significantly lower than IXN's 41.18% return. Over the past 10 years, WSO-B has underperformed IXN with an annualized return of 13.66%, while IXN has yielded a comparatively higher 25.57% annualized return.
WSO-B
- 1D
- 0.00%
- 1M
- -22.22%
- YTD
- 5.06%
- 6M
- 3.08%
- 1Y
- -19.74%
- 3Y*
- 5.89%
- 5Y*
- 6.66%
- 10Y*
- 13.66%
IXN
- 1D
- -1.00%
- 1M
- 21.36%
- YTD
- 41.18%
- 6M
- 41.72%
- 1Y
- 74.57%
- 3Y*
- 36.05%
- 5Y*
- 23.25%
- 10Y*
- 25.57%
WSO-B vs. IXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WSO-B Watsco Inc | 5.06% | -34.99% | 29.78% | 72.27% | -15.13% | 35.54% | 33.36% | 39.97% | -17.38% | 17.15% |
IXN iShares Global Tech ETF | 41.18% | 25.25% | 24.84% | 52.98% | -29.86% | 29.58% | 43.62% | 47.88% | -5.44% | 41.23% |
Correlation
The correlation between WSO-B and IXN is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2001 | 0.23 |
The correlation between WSO-B and IXN shifts across timeframes, from 0.05 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WSO-B vs. IXN — Risk / Return Rank
WSO-B
IXN
WSO-B vs. IXN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Watsco Inc (WSO-B) and iShares Global Tech ETF (IXN). 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.
| WSO-B | IXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.97 | ||
| Sortino ratioReturn per unit of downside risk | -4.81 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.54 | -0.77 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 5.43 | -6.27 |
| Martin ratioReturn relative to average drawdown | -1.55 | 18.73 | -20.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WSO-B | IXN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.55 | 3.41 | -3.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.94 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 1.05 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.54 | +0.02 |
Drawdowns
WSO-B vs. IXN - Drawdown Comparison
The maximum WSO-B drawdown since its inception was -61.67%, which is greater than IXN's maximum drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for WSO-B and IXN.
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Drawdown Indicators
| WSO-B | IXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.67% | -55.67% | -6.00% |
Max Drawdown (1Y)Largest decline over 1 year | -23.61% | -13.80% | -9.81% |
Max Drawdown (3Y)Largest decline over 3 years | -34.99% | -25.55% | -9.44% |
Max Drawdown (5Y)Largest decline over 5 years | -34.99% | -36.30% | +1.31% |
Max Drawdown (10Y)Largest decline over 10 years | -34.99% | -36.30% | +1.31% |
Current DrawdownCurrent decline from peak | -31.70% | -1.00% | -30.70% |
Average DrawdownAverage peak-to-trough decline | -14.18% | -11.27% | -2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.73% | 3.99% | +8.74% |
Volatility
WSO-B vs. IXN - Volatility Comparison
Watsco Inc (WSO-B) has a higher volatility of 18.01% compared to iShares Global Tech ETF (IXN) at 7.95%. This indicates that WSO-B's price experiences larger fluctuations and is considered to be riskier than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WSO-B | IXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.01% | 7.95% | +10.06% |
Volatility (6M)Calculated over the trailing 6-month period | 33.23% | 17.85% | +15.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.82% | 21.98% | +13.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.05% | 24.84% | +6.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.06% | 24.40% | +3.66% |
Dividends
WSO-B vs. IXN - Dividend Comparison
WSO-B's dividend yield for the trailing twelve months is around 3.51%, more than IXN's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.74% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
WSO-B Watsco Inc | 3.51% | 3.45% | 1.97% | 2.32% | 3.39% | 2.49% | 2.97% | 3.53% | 4.14% | 2.73% | 2.42% | 2.36% |
Frequently Asked Questions
WSO-B and IXN have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WSO-B has higher volatility (18.01%) compared to IXN (7.95%). In terms of maximum drawdown, WSO-B dropped -61.67% vs IXN's -55.67%.
IXN currently has the higher Sharpe Ratio (3.41 vs -0.55), 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.
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