XDJL vs. IYW
Compare and contrast key facts about Innovator U.S. Equity Accelerated ETF - July (XDJL) and iShares U.S. Technology ETF (IYW).
XDJL and IYW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XDJL is an actively managed fund by Innovator. It was launched on Jul 1, 2021. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XDJL or IYW.
Key characteristics
| XDJL | IYW | |
|---|---|---|
| YTD Return | 5.34% | 5.16% |
| 1Y Return | 22.68% | 41.60% |
| Sharpe Ratio | 2.29 | 2.15 |
| Daily Std Dev | 9.43% | 18.81% |
| Max Drawdown | -23.66% | -81.89% |
| Current Drawdown | -0.21% | -5.55% |
Correlation
The correlation between XDJL and IYW is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XDJL vs. IYW - Performance Comparison
The year-to-date returns for both stocks are quite close, with XDJL having a 5.34% return and IYW slightly lower at 5.16%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XDJL vs. IYW - Expense Ratio Comparison
XDJL has a 0.79% expense ratio, which is higher than IYW's 0.42% expense ratio.
Risk-Adjusted Performance
XDJL vs. IYW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated ETF - July (XDJL) 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.
Dividends
XDJL vs. IYW - Dividend Comparison
XDJL has not paid dividends to shareholders, while IYW's dividend yield for the trailing twelve months is around 0.36%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDJL Innovator U.S. Equity Accelerated ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYW iShares U.S. Technology ETF | 0.36% | 0.40% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% | 1.06% |
Drawdowns
XDJL vs. IYW - Drawdown Comparison
The maximum XDJL drawdown since its inception was -23.66%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for XDJL and IYW. For additional features, visit the drawdowns tool.
Volatility
XDJL vs. IYW - Volatility Comparison
The current volatility for Innovator U.S. Equity Accelerated ETF - July (XDJL) is 1.38%, while iShares U.S. Technology ETF (IYW) has a volatility of 6.91%. This indicates that XDJL 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.