IYW vs SPY
Comparison between ISHARES U.S. TECHNOLOGY ETF (IYW, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceIYW has outperformed SPY, delivering a return of +21.4% compared to +13.3%
IYW vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IYW
$18B
Winner
SPY
$652B
Expense Ratio
IYW
0.38%
Winner
SPY
0.09%
Max Drawdown
IYW
81.90%
Winner
SPY
56.47%
Sharpe Ratio
Winner
IYW
2.33
SPY
2.07
5Y Beta
IYW
1.42
Winner
SPY
1.00
P/E Ratio
IYW
37.72
Winner
SPY
28.24
Forward P/E
IYW
22.77
Winner
SPY
21.85
5Y Dividends CAGR
IYW
-6.12%
Winner
SPY
5.43%
5Y EPS CAGR
Winner
IYW
38.19%
SPY
25.79%
Debt to Equity
IYW
34.80%
Winner
SPY
22.35%
P/S Ratio
IYW
7.32
Winner
SPY
3.55
P/B Ratio
IYW
9.29
Winner
SPY
5.29
IYW vs SPY - Holdings Comparison
IYW and SPY have 65 common holdings. Overlap is 41.06%
IYW's top 25 holdings weight is 83.34%. SPY's top 25 holdings weight is 51.32%.
| Rank | IYW | SPY |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 17.59% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | APPLE INC (AAPL) - 13.43% | APPLE INC (AAPL) - 6.48% |
| #3 | ALPHABET INC CLASS A (GOOGL) - 7.13% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | ALPHABET INC CLASS C (GOOG) - 5.77% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | MICROSOFT CORP (MSFT) - 4.15% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | BROADCOM INC (AVGO) - 3.78% | BROADCOM INC (AVGO) - 3.09% |
| #7 | ADVANCED MICRO DEVICES INC (AMD) - 3.30% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | META PLATFORMS INC CLASS A (META) - 3.11% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | MICRON TECHNOLOGY INC (MU) - 3.02% | TESLA INC (TSLA) - 1.73% |
| #10 | INTEL CORP (INTC) - 2.30% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | LAM RESEARCH CORP (LRCX) - 1.99% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | APPLIED MATERIALS INC (AMAT) - 1.97% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | n/a (PLTR) - 1.91% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | ORACLE CORP (ORCL) - 1.78% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | KLA CORP (KLAC) - 1.53% | WALMART INC (WMT) - 0.91% |
| #16 | TEXAS INSTRUMENTS INC (TXN) - 1.50% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 1.30% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | ANALOG DEVICES INC (ADI) - 1.18% | VISA INC CLASS A (V) - 0.85% |
| #19 | AMPHENOL CORP CLASS A (APH) - 1.11% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | SALESFORCE INC (CRM) - 1.01% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | QUALCOMM INC (QCOM) - 0.98% | INTEL CORP (INTC) - 0.65% |
| #22 | SANDISK CORP ORDINARY SHARES (SNDK) - 0.94% | NETFLIX INC (NFLX) - 0.64% |
| #23 | PALO ALTO NETWORKS INC (PANW) - 0.90% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | WESTERN DIGITAL CORP (WDC) - 0.84% | CHEVRON CORP (CVX) - 0.58% |
| #25 | MARVELL TECHNOLOGY INC (MRVL) - 0.82% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 143 | 505 |
IYW vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IYW
+23.58%
SPY
+9.11%
3M
Winner
IYW
+21.60%
SPY
+6.59%
6M
Winner
IYW
+19.67%
SPY
+10.56%
1Y
Winner
IYW
+61.01%
SPY
+32.04%
5Y(CAGR)
Winner
IYW
+21.41%
SPY
+13.35%
10Y(CAGR)
Winner
IYW
+25.79%
SPY
+15.49%
Max(CAGR)
Winner
IYW
+9.30%
SPY
+8.50%
IYW vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IYW | SPY |
|---|---|---|
| 2026 | +19.43% | +8.27% |
| 2025 | +25.36% | +18.00% |
| 2024 | +33.77% | +25.59% |
| 2023 | +66.65% | +26.72% |
| 2022 | -35.16% | -18.64% |
| 2021 | +37.48% | +30.52% |
| 2020 | +44.47% | +17.28% |
| 2019 | +46.32% | +31.09% |
| 2018 | -2.40% | -5.24% |
| 2017 | +35.59% | +20.78% |
| 2016 | +15.48% | +13.59% |
| 2015 | +4.03% | +1.31% |
| 2014 | +20.70% | +14.56% |
| 2013 | +22.71% | +29.00% |
| 2012 | +9.98% | +14.17% |
| 2011 | -1.28% | +0.85% |
| 2010 | +10.59% | +13.14% |
| 2009 | +57.56% | +22.67% |
| 2008 | -42.02% | -36.25% |
| 2007 | +14.50% | +5.32% |
| 2006 | +7.37% | +13.85% |
| 2005 | +3.73% | +5.32% |
| 2004 | +0.96% | +10.75% |
| 2003 | +43.69% | +24.18% |
| 2002 | -40.37% | -22.42% |
| 2001 | -22.34% | -10.13% |
| 2000 | -32.09% | -8.84% |
| 1999 | N/A | +8.61% |
IYW vs SPY Drawdown Comparison
The maximum drawdown for IYW was -81.90%, occurring on Oct 9, 2002. Recovery took 4156 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
| Rank | IYW | SPY |
|---|---|---|
| #1 | -81.90% Jul 17, 2000 - Jan 24, 2017 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -39.44% Dec 27, 2021 - Nov 20, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -30.47% Feb 19, 2020 - Jun 5, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -26.47% Feb 18, 2025 - Jun 24, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -23.96% Aug 29, 2018 - Mar 21, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.81% Oct 29, 2025 - Apr 22, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -16.11% Jul 10, 2024 - Nov 7, 2024 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -13.30% Sep 2, 2020 - Dec 4, 2020 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -12.91% Apr 29, 2019 - Jul 12, 2019 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -11.44% Feb 12, 2021 - Apr 8, 2021 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.54% Jan 26, 2018 - Feb 26, 2018 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -10.21% Mar 12, 2018 - Jun 1, 2018 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.84% Apr 15, 2021 - Jun 11, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -8.67% Mar 22, 2024 - May 15, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.42% Jul 26, 2019 - Oct 28, 2019 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between IYW and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
IYW vs SPY dividend yield comparison.
| Year | IYW | SPY |
|---|---|---|
| 2026 | 0.03% | 0.24% |
| 2025 | 0.14% | 1.07% |
| 2024 | 0.21% | 1.21% |
| 2023 | 0.34% | 1.40% |
| 2022 | 0.50% | 1.65% |
| 2021 | 0.31% | 1.20% |
| 2020 | 0.56% | 1.52% |
| 2019 | 0.72% | 1.75% |
| 2018 | 0.92% | 2.04% |
| 2017 | 0.82% | 1.80% |
| 2016 | 1.14% | 2.03% |
| 2015 | 1.12% | 2.06% |
| 2014 | 1.13% | 1.87% |
| 2013 | 1.06% | 1.81% |
| 2012 | 0.94% | 2.18% |
| 2011 | 0.61% | 2.05% |
| 2010 | 0.43% | 1.80% |
| 2009 | 0.45% | 1.95% |
| 2008 | 0.65% | 3.02% |
| 2007 | 0.21% | 1.85% |
| 2006 | 0.14% | 1.73% |
| 2005 | 0.15% | 1.73% |
| 2004 | 1.44% | 1.82% |
| 2003 | 0.00% | 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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