XOEF vs. IYW

Last updated Jun 30, 2026

XOEF (iShares S&P 500 ex S&P 100 ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - XOEF is a S&P 500 fund tracking the S&P 500 Ex-S&P 100 Select Index, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. XOEF charges 0.20%/yr vs 0.38%/yr for IYW.

Performance

XOEF vs. IYW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 ex S&P 100 ETF (XOEF) and iShares U.S. Technology ETF (IYW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XOEF achieves a 16.44% return, which is significantly lower than IYW's 23.38% return.

XOEF

• 1D: 0.79%
• 1M: 3.14%
• YTD: 16.44%
• 6M: 15.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IYW

• 1D: 2.73%
• 1M: -2.62%
• YTD: 23.38%
• 6M: 22.00%
• 1Y: 43.52%
• 3Y*: 31.55%
• 5Y*: 20.24%
• 10Y*: 25.75%

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

XOEF vs. IYW - Yearly Performance Comparison

	2026 (YTD)	2025
XOEF iShares S&P 500 ex S&P 100 ETF	16.44%	4.27%
IYW iShares U.S. Technology ETF	23.38%	14.26%

Correlation

The correlation between XOEF and IYW is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	0.62

Return for Risk

XOEF vs. IYW — Risk / Return Rank

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

XOEF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IYW

IYW Risk / Return Rank: 61
IYW Sharpe Ratio Rank: 71
IYW Sortino Ratio Rank: 63
IYW Omega Ratio Rank: 64
IYW Calmar Ratio Rank: 58
IYW Martin Ratio Rank: 52

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.

XOEF vs. IYW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 ex S&P 100 ETF (XOEF) 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.

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.

	XOEF	IYW	Difference
Sharpe ratio: Return per unit of total volatility	—	1.94	—
Sortino ratio: Return per unit of downside risk	—	2.50	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	2.46	—
Martin ratio: Return relative to average drawdown	—	7.74	—

Drawdowns

XOEF vs. IYW - Drawdown Comparison

The maximum XOEF drawdown since its inception was -7.66%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for XOEF and IYW.

Drawdown Indicators

	XOEF	IYW	Difference
Max Drawdown Largest peak-to-trough decline	-7.66%	-81.90%	+74.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.81%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-39.44%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.44%	—
Current Drawdown Current decline from peak	0.00%	-5.25%	+5.25%
Average Drawdown Average peak-to-trough decline	-1.27%	-34.58%	+33.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.64%	—

Volatility

Volatility by Period

	XOEF	IYW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.32%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.89%	22.53%	-9.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.89%	26.27%	-13.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.89%	25.25%	-12.36%

XOEF vs. IYW - Expense Ratio Comparison

XOEF has a 0.20% expense ratio, which is lower than IYW's 0.38% expense ratio.

Dividends

XOEF vs. IYW - Dividend Comparison

XOEF's dividend yield for the trailing twelve months is around 1.04%, more than IYW's 0.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYW iShares U.S. Technology ETF	0.10%	0.14%	0.21%	0.34%	0.50%	0.31%	0.56%	0.72%	0.92%	0.82%	1.14%	1.12%
XOEF iShares S&P 500 ex S&P 100 ETF	1.04%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XOEF and IYW in my portfolio?

XOEF and IYW have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XOEF or IYW?

On fees, XOEF is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XOEF or IYW?

XOEF is cheaper with a 0.20% expense ratio, compared with 0.38% for IYW.

Which ETF pays a higher dividend yield, XOEF or IYW?

XOEF has the higher dividend yield at 1.04%, compared with 0.10% for IYW.

What is the main difference between XOEF and IYW?

XOEF is categorized as S&P 500, while IYW is Technology Equities. XOEF tracks S&P 500 Ex-S&P 100 Select Index, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. Their fees differ too: 0.20% for XOEF and 0.38% for IYW.