XT vs. IYW
XT (iShares Future Exponential Technologies ETF) and IYW (iShares U.S. Technology ETF) are both Technology Equities funds from iShares - XT tracks the Morningstar Exponential Technologies Index (Net) while IYW tracks the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past 10 years, XT returned 14.70%/yr vs 26.11%/yr for IYW. Their correlation of 0.85 suggests significant overlap in exposure. XT charges 0.46%/yr vs 0.38%/yr for IYW.
Performance
XT vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, XT achieves a 20.20% return, which is significantly lower than IYW's 29.03% return. Over the past 10 years, XT has underperformed IYW with an annualized return of 14.70%, while IYW has yielded a comparatively higher 26.11% annualized return.
XT
- 1D
- -0.47%
- 1M
- 9.47%
- YTD
- 20.20%
- 6M
- 20.54%
- 1Y
- 45.88%
- 3Y*
- 18.83%
- 5Y*
- 8.42%
- 10Y*
- 14.70%
IYW
- 1D
- -0.92%
- 1M
- 16.53%
- YTD
- 29.03%
- 6M
- 28.22%
- 1Y
- 59.52%
- 3Y*
- 35.24%
- 5Y*
- 22.87%
- 10Y*
- 26.11%
XT vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XT iShares Future Exponential Technologies ETF | 20.20% | 26.28% | 0.29% | 27.02% | -27.83% | 16.43% | 35.10% | 30.74% | -4.93% | 33.71% |
IYW iShares U.S. Technology ETF | 29.03% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between XT and IYW is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2015 | 0.85 |
The correlation between XT and IYW has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.
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Return for Risk
XT vs. IYW — Risk / Return Rank
XT
IYW
XT vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Future Exponential Technologies ETF (XT) 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.
| XT | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.48 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | 3.36 | +1.05 |
| Martin ratioReturn relative to average drawdown | 18.51 | 11.00 | +7.51 |
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
| XT | IYW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.89 | 2.98 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.89 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 1.04 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.35 | +0.30 |
Drawdowns
XT vs. IYW - Drawdown Comparison
The maximum XT drawdown since its inception was -34.41%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for XT and IYW.
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Drawdown Indicators
| XT | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.41% | -81.90% | +47.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.45% | -17.81% | +7.36% |
Max Drawdown (3Y)Largest decline over 3 years | -22.09% | -26.47% | +4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -34.41% | -39.44% | +5.03% |
Max Drawdown (10Y)Largest decline over 10 years | -34.41% | -39.44% | +5.03% |
Current DrawdownCurrent decline from peak | -0.47% | -0.92% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -7.41% | -34.66% | +27.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 5.43% | -2.94% |
Volatility
XT vs. IYW - Volatility Comparison
The current volatility for iShares Future Exponential Technologies ETF (XT) is 4.85%, while iShares U.S. Technology ETF (IYW) has a volatility of 6.30%. This indicates that XT 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.
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Volatility by Period
| XT | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 6.30% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 15.85% | -3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 20.09% | -4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.76% | 25.87% | -5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.08% | 25.09% | -5.01% |
XT vs. IYW - Expense Ratio Comparison
XT has a 0.46% expense ratio, which is higher than IYW's 0.38% expense ratio.
Dividends
XT vs. IYW - Dividend Comparison
XT's dividend yield for the trailing twelve months is around 6.61%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
XT iShares Future Exponential Technologies ETF | 6.61% | 7.95% | 0.66% | 0.41% | 0.78% | 0.84% | 0.77% | 1.55% | 1.40% | 0.97% | 1.37% | 1.34% |
Frequently Asked Questions
XT and IYW have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (6.30%) compared to XT (4.85%). In terms of maximum drawdown, XT dropped -34.41% vs IYW's -81.90%.
On 10-year performance, IYW leads with 26.11% vs 14.70% for XT. On fees, IYW is cheaper at 0.38% per year. On volatility, XT has been the lower-risk option at 4.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IYW has performed better with a 26.11% return vs 14.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYW is cheaper with a 0.38% expense ratio, compared with 0.46% for XT.
XT has the higher dividend yield at 6.61%, compared with 0.11% for IYW.
XT tracks Morningstar Exponential Technologies Index (Net), while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. Their fees differ too: 0.46% for XT and 0.38% for IYW.
IYW currently has the higher Sharpe Ratio (2.98 vs 2.89), 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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