XTN vs. IYW
XTN (SPDR S&P Transportation ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - XTN is a Industrials Equities fund tracking the S&P Transportation Select Industry Index, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past 10 years, XTN returned 10.20%/yr vs 24.38%/yr for IYW. Their 0.56 correlation means they have sometimes moved together and sometimes differently. XTN charges 0.35%/yr vs 0.38%/yr for IYW.
Performance
XTN vs. IYW - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with XTN having a 19.69% return and IYW slightly lower at 19.29%. Over the past 10 years, XTN has underperformed IYW with an annualized return of 10.20%, while IYW has yielded a comparatively higher 24.38% annualized return.
XTN
- 1D
- -0.36%
- 1M
- -5.96%
- 6M
- 13.81%
- YTD
- 19.69%
- 1Y
- 36.39%
- 3Y*
- 8.69%
- 5Y*
- 6.50%
- 10Y*
- 10.20%
- ALL TIME*
- 10.72%
IYW
- 1D
- 0.46%
- 1M
- -2.23%
- 6M
- 20.08%
- YTD
- 19.29%
- 1Y
- 34.47%
- 3Y*
- 28.25%
- 5Y*
- 18.55%
- 10Y*
- 24.38%
- ALL TIME*
- 9.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $125.49M | $126.55M | $189.91M | |
| $3.22M | $3.69M | $6.00M |
XTN vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XTN SPDR S&P Transportation ETF | 19.69% | 6.33% | 4.86% | 25.22% | -28.10% | 33.68% | 12.11% | 21.85% | -17.26% | 21.55% |
IYW iShares U.S. Technology ETF | 19.29% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between XTN and IYW is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2011 | 0.56 |
The correlation between XTN and IYW shifts across timeframes, from 0.40 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XTN vs. IYW — Risk / Return Rank
XTN
IYW
XTN vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Transportation ETF (XTN) 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.
| XTN | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 1.77 | +0.13 |
| Martin ratioReturn relative to average drawdown | 5.31 | 5.23 | +0.08 |
Loading charts...
Drawdowns
XTN vs. IYW - Drawdown Comparison
The maximum XTN drawdown since its inception was -43.77%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for XTN and IYW.
Loading charts...
Drawdown Indicators
| XTN | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.77% | -81.90% | +38.13% |
Max Drawdown (1Y)Largest decline over 1 year | -17.28% | -17.81% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -33.69% | -26.47% | -7.22% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -39.44% | +4.39% |
Max Drawdown (10Y)Largest decline over 10 years | -43.77% | -39.44% | -4.33% |
Current DrawdownCurrent decline from peak | -7.43% | -8.40% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -34.48% | +23.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.18% | 6.03% | +0.15% |
Volatility
XTN vs. IYW - Volatility Comparison
The current volatility for SPDR S&P Transportation ETF (XTN) is 5.56%, while iShares U.S. Technology ETF (IYW) has a volatility of 7.86%. This indicates that XTN 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.
Loading charts...
Volatility by Period
| XTN | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 7.86% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 22.33% | 19.90% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.71% | 23.79% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.86% | 26.47% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.16% | 25.36% | +0.80% |
XTN vs. IYW - Expense Ratio Comparison
XTN has a 0.35% expense ratio, which is lower than IYW's 0.38% expense ratio.
Dividends
XTN vs. IYW - Dividend Comparison
XTN's dividend yield for the trailing twelve months is around 0.67%, 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% |
XTN SPDR S&P Transportation ETF | 0.67% | 0.78% | 0.93% | 0.73% | 1.04% | 1.02% | 0.75% | 1.17% | 0.98% | 0.63% | 0.66% | 1.03% |
Frequently Asked Questions
XTN and IYW have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (7.86%) compared to XTN (5.56%). In terms of maximum drawdown, XTN dropped -43.77% vs IYW's -81.90%.
On 10-year performance, IYW leads with 24.38% vs 10.20% for XTN. On fees, XTN is cheaper at 0.35% per year. On volatility, XTN has been the lower-risk option at 5.56%. 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 24.38% return vs 10.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTN is cheaper with a 0.35% expense ratio, compared with 0.38% for IYW.
XTN has the higher dividend yield at 0.67%, compared with 0.11% for IYW.
XTN is categorized as Industrials Equities, while IYW is Technology Equities. XTN tracks S&P Transportation Select Industry Index, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.35% for XTN and 0.38% for IYW.
IYW currently has the higher Sharpe Ratio (1.33 vs 1.19), 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.
Find the right allocation for XTN and IYW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer