IGV vs SPY
Comparison between ISHARES EXPANDED TECH-SOFTWARE SECTOR ETF (IGV, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed IGV, delivering a return of +13.3% compared to +5.6%
IGV vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IGV
$10B
Winner
SPY
$652B
Expense Ratio
IGV
0.39%
Winner
SPY
0.09%
Max Drawdown
IGV
63.45%
Winner
SPY
56.47%
Sharpe Ratio
IGV
-0.32
Winner
SPY
2.07
5Y Beta
IGV
1.22
Winner
SPY
1.00
P/E Ratio
IGV
59.53
Winner
SPY
28.24
Forward P/E
Winner
IGV
16.57
SPY
21.85
5Y Dividends CAGR
IGV
-14.38%
Winner
SPY
5.43%
5Y EPS CAGR
IGV
23.66%
Winner
SPY
25.79%
Debt to Equity
IGV
43.11%
Winner
SPY
22.35%
P/S Ratio
IGV
6.84
Winner
SPY
3.55
P/B Ratio
IGV
6.19
Winner
SPY
5.29
IGV vs SPY - Holdings Comparison
IGV and SPY have 25 common holdings. Overlap is 8.49%
IGV's top 25 holdings weight is 84.64%. SPY's top 25 holdings weight is 51.32%.
| Rank | IGV | SPY |
|---|---|---|
| #1 | ORACLE CORP (ORCL) - 9.23% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | MICROSOFT CORP (MSFT) - 8.75% | APPLE INC (AAPL) - 6.48% |
| #3 | n/a (PLTR) - 8.16% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | SALESFORCE INC (CRM) - 6.85% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | PALO ALTO NETWORKS INC (PANW) - 5.37% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 5.22% | BROADCOM INC (AVGO) - 3.09% |
| #7 | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 4.33% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | INTUIT INC (INTU) - 4.13% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | ADOBE INC (ADBE) - 4.05% | TESLA INC (TSLA) - 1.73% |
| #10 | SERVICENOW INC (NOW) - 3.87% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | SYNOPSYS INC (SNPS) - 3.50% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | CADENCE DESIGN SYSTEMS INC (CDNS) - 3.44% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | STRATEGY INC CLASS A (MSTR) - 2.13% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | FORTINET INC (FTNT) - 2.07% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | AUTODESK INC (ADSK) - 2.06% | WALMART INC (WMT) - 0.91% |
| #16 | ELECTRONIC ARTS INC (EA) - 1.82% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | DATADOG INC CLASS A (DDOG) - 1.69% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | ROPER TECHNOLOGIES INC (ROP) - 1.52% | VISA INC CLASS A (V) - 0.85% |
| #19 | TAKE-TWO INTERACTIVE SOFTWARE INC (TTWO) - 1.50% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | WORKDAY INC CLASS A (WDAY) - 1.08% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | FAIR ISAAC CORP (FICO) - 1.00% | INTEL CORP (INTC) - 0.65% |
| #22 | ZOOM COMMUNICATIONS INC (ZM) - 0.95% | NETFLIX INC (NFLX) - 0.64% |
| #23 | PTC INC (PTC) - 0.67% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | TRIMBLE INC (TRMB) - 0.66% | CHEVRON CORP (CVX) - 0.58% |
| #25 | TYLER TECHNOLOGIES INC (TYL) - 0.59% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 116 | 505 |
IGV vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IGV
+14.29%
SPY
+9.11%
3M
Winner
IGV
+7.16%
SPY
+6.59%
6M
IGV
-16.74%
Winner
SPY
+10.56%
1Y
IGV
-9.22%
Winner
SPY
+32.04%
5Y(CAGR)
IGV
+5.64%
Winner
SPY
+13.35%
10Y(CAGR)
Winner
IGV
+16.56%
SPY
+15.49%
Max(CAGR)
Winner
IGV
+9.30%
SPY
+8.50%
IGV vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IGV | SPY |
|---|---|---|
| 2026 | -11.18% | +8.27% |
| 2025 | +5.79% | +18.00% |
| 2024 | +26.94% | +25.59% |
| 2023 | +58.23% | +26.72% |
| 2022 | -34.91% | -18.64% |
| 2021 | +14.54% | +30.52% |
| 2020 | +50.16% | +17.28% |
| 2019 | +35.03% | +31.09% |
| 2018 | +11.20% | -5.24% |
| 2017 | +40.67% | +20.78% |
| 2016 | +8.07% | +13.59% |
| 2015 | +12.72% | +1.31% |
| 2014 | +14.13% | +14.56% |
| 2013 | +26.84% | +29.00% |
| 2012 | +15.96% | +14.17% |
| 2011 | -8.47% | +0.85% |
| 2010 | +22.65% | +13.14% |
| 2009 | +41.64% | +22.67% |
| 2008 | -37.28% | -36.25% |
| 2007 | +15.64% | +5.32% |
| 2006 | +9.59% | +13.85% |
| 2005 | -4.50% | +5.32% |
| 2004 | +12.93% | +10.75% |
| 2003 | +43.77% | +24.18% |
| 2002 | -43.69% | -22.42% |
| 2001 | -13.15% | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
IGV vs SPY Drawdown Comparison
The maximum drawdown for IGV was -63.45%, occurring on Oct 7, 2002. Recovery took 1566 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current IGV drawdown is -22.62%.
| Rank | IGV | SPY |
|---|---|---|
| #1 | -63.45% Jul 13, 2001 - Oct 8, 2007 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -49.81% Oct 31, 2007 - Oct 26, 2010 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -45.85% Nov 9, 2021 - Sep 24, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -36.61% Sep 22, 2025 - Apr 10, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -30.30% Feb 19, 2020 - May 29, 2020 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -27.17% Dec 6, 2024 - Jul 3, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -26.30% Jul 7, 2011 - Mar 13, 2012 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -22.44% Sep 14, 2018 - Feb 22, 2019 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -21.51% Dec 1, 2015 - May 27, 2016 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -15.31% Feb 12, 2021 - Jun 24, 2021 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -13.64% Apr 2, 2012 - Jan 25, 2013 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -13.00% Aug 17, 2015 - Oct 28, 2015 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -11.55% Mar 5, 2014 - Aug 11, 2014 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -11.41% Sep 2, 2020 - Nov 27, 2020 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.78% Jul 26, 2019 - Nov 25, 2019 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between IGV and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (1999 - 2026)
IGV vs SPY dividend yield comparison.
| Year | IGV | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 0.00% | 1.07% |
| 2024 | 0.00% | 1.21% |
| 2023 | 0.01% | 1.40% |
| 2022 | 0.01% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.35% | 1.52% |
| 2019 | 0.02% | 1.75% |
| 2018 | 0.16% | 2.04% |
| 2017 | 0.09% | 1.80% |
| 2016 | 0.82% | 2.03% |
| 2015 | 0.22% | 2.06% |
| 2014 | 0.29% | 1.87% |
| 2013 | 0.33% | 1.81% |
| 2012 | 0.27% | 2.18% |
| 2011 | 0.04% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.09% | 1.73% |
| 2004 | 0.48% | 1.82% |
| 2003 | 0.65% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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