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 14.28%/yr vs 23.74%/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 16.57% return, which is significantly lower than IXN's 26.46% return. Over the past 10 years, WSO-B has underperformed IXN with an annualized return of 14.28%, while IXN has yielded a comparatively higher 23.74% annualized return.
WSO-B
- 1D
- 0.00%
- 1M
- 10.95%
- 6M
- 4.16%
- YTD
- 16.57%
- 1Y
- -9.03%
- 3Y*
- 4.63%
- 5Y*
- 8.90%
- 10Y*
- 14.28%
IXN
- 1D
- -1.31%
- 1M
- -5.97%
- 6M
- 23.70%
- YTD
- 26.46%
- 1Y
- 40.28%
- 3Y*
- 28.03%
- 5Y*
- 19.19%
- 10Y*
- 23.74%
WSO-B vs. IXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WSO-B Watsco Inc | 16.57% | -34.99% | 29.78% | 72.27% | -15.13% | 35.54% | 33.36% | 39.97% | -17.38% | 17.15% |
IXN iShares Global Tech ETF | 26.46% | 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 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2001 | 0.23 |
Over the past year, the correlation between WSO-B and IXN has dropped to 0.01 - well below their long-term average of 0.23, suggesting their price drivers have been diverging.
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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.
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.
| WSO-B | IXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.27 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 2.93 | -3.33 |
| Martin ratioReturn relative to average drawdown | -0.67 | 8.57 | -9.25 |
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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 | -22.80% | -13.80% | -9.00% |
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 | -24.22% | -11.33% | -12.89% |
Average DrawdownAverage peak-to-trough decline | -14.23% | -11.24% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.46% | 4.71% | +8.75% |
Volatility
WSO-B vs. IXN - Volatility Comparison
The current volatility for Watsco Inc (WSO-B) is 9.53%, while iShares Global Tech ETF (IXN) has a volatility of 10.77%. This indicates that WSO-B experiences smaller price fluctuations and is considered to be less risky 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 | 9.53% | 10.77% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 32.64% | 22.89% | +9.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.11% | 26.32% | +10.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.37% | 25.67% | +5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.22% | 24.76% | +3.46% |
Dividends
WSO-B vs. IXN - Dividend Comparison
WSO-B's dividend yield for the trailing twelve months is around 3.27%, more than IXN's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.83% | 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 | 3.27% | 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 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXN has higher volatility (10.77%) compared to WSO-B (9.53%). In terms of maximum drawdown, WSO-B dropped -61.67% vs IXN's -55.67%.
IXN currently has the higher Sharpe Ratio (1.54 vs -0.24), 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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