IGM vs. ^XCI
Compare and contrast key facts about iShares Expanded Tech Sector ETF (IGM) and ARCA Computer Technology Index (^XCI).
IGM is a passively managed fund by iShares that tracks the performance of the S&P North American Technology Sector Index. It was launched on Mar 13, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGM or ^XCI.
Key characteristics
| IGM | ^XCI | |
|---|---|---|
| YTD Return | 24.79% | 31.08% |
| 1Y Return | 39.73% | 41.06% |
| 3Y Return (Ann) | 11.49% | 17.31% |
| 5Y Return (Ann) | 23.56% | 28.96% |
| 10Y Return (Ann) | 22.87% | 21.81% |
| Sharpe Ratio | 1.97 | 1.95 |
| Daily Std Dev | 20.68% | 21.30% |
| Max Drawdown | -65.59% | -77.19% |
| Current Drawdown | -5.57% | -7.70% |
Correlation
The correlation between IGM and ^XCI is 0.94, 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
IGM vs. ^XCI - Performance Comparison
In the year-to-date period, IGM achieves a 24.79% return, which is significantly lower than ^XCI's 31.08% return. Both investments have delivered pretty close results over the past 10 years, with IGM having a 22.87% annualized return and ^XCI not far behind at 21.81%. 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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Risk-Adjusted Performance
IGM vs. ^XCI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) and ARCA Computer Technology Index (^XCI). 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.
Drawdowns
IGM vs. ^XCI - Drawdown Comparison
The maximum IGM drawdown since its inception was -65.59%, smaller than the maximum ^XCI drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for IGM and ^XCI. For additional features, visit the drawdowns tool.
Volatility
IGM vs. ^XCI - Volatility Comparison
iShares Expanded Tech Sector ETF (IGM) and ARCA Computer Technology Index (^XCI) have volatilities of 7.78% and 8.00%, 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.