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 13.42%/yr vs 25.68%/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 33.92% return. Over the past 10 years, WSO-B has underperformed IXN with an annualized return of 13.42%, while IXN has yielded a comparatively higher 25.68% annualized return.
WSO-B
- 1D
- 0.00%
- 1M
- -13.33%
- YTD
- 5.06%
- 6M
- 1.06%
- 1Y
- -19.74%
- 3Y*
- 1.29%
- 5Y*
- 6.66%
- 10Y*
- 13.42%
IXN
- 1D
- 1.12%
- 1M
- 0.66%
- YTD
- 33.92%
- 6M
- 32.85%
- 1Y
- 56.32%
- 3Y*
- 33.61%
- 5Y*
- 21.18%
- 10Y*
- 25.68%
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 | 33.92% | 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 | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 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.
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 | -2.81 | ||
| Sortino ratioReturn per unit of downside risk | -3.47 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.38 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 4.10 | -4.94 |
| Martin ratioReturn relative to average drawdown | -1.42 | 13.10 | -14.52 |
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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 | -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% | -6.09% | -25.61% |
Average DrawdownAverage peak-to-trough decline | -14.20% | -11.25% | -2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.90% | 4.31% | +9.59% |
Volatility
WSO-B vs. IXN - Volatility Comparison
Watsco Inc (WSO-B) and iShares Global Tech ETF (IXN) have volatilities of 14.31% and 13.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 14.31% | 13.71% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 33.13% | 21.50% | +11.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.82% | 25.14% | +10.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.07% | 25.45% | +5.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.06% | 24.66% | +3.40% |
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 0.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.78% | 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 (14.31%) compared to IXN (13.71%). In terms of maximum drawdown, WSO-B dropped -61.67% vs IXN's -55.67%.
IXN currently has the higher Sharpe Ratio (2.25 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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