IYW — iShares U.S. Technology ETF

IYW Price Performance — Growth of $10,000

Value of a $10,000 investment in IYW over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

IYW Drawdown

The "underwater" chart: IYW's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares U.S. Technology ETF is a $26.5 billion fund issued by iShares, holding 65.3% of its assets in its top ten positions with NVIDIA CORPORATION as the largest stake at 13.7%. It carries an ETFValuer grade of B, reflecting a score of 71.8 out of 100. The fund ranks 7th out of 17 peers in the Technology category and 95th of 458 tracked ETFs overall. Its expense ratio of 0.37% matches the category median, while its dividend yield of 0.10% trails the category median of 0.19%.

The fund has delivered a 1-year return of 26.55%, which falls short of the category median of 29.02%. Over the longer term, the 3-year return stands at 144.29%, while the price currently sits at 75.9% of its 52-week range. Short-term performance shows a divergence, with a 1-month decline of 5.44% contrasting against a 6-month gain of 15.11%. The ETFValuer grade of B has remained unchanged over the last 35 tracked days, and price history is available for 3.0 years.

With a beta of 1.46, the fund exhibits higher sensitivity to market movements compared to the broader market. Annualized volatility is recorded at 24.50%, which is labeled as High, alongside a maximum drawdown of -26.47%. The Sharpe ratio of 0.88 suggests a moderate risk-adjusted return profile. Liquidity is supported by an average daily volume of 576,126 shares, indicating active trading conditions.

AI-generated summary based on the data on this page.

IYW Top Holdings

Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 65.3% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how IYW's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With IYW

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with IYW's top 10 — QYLD overlaps most, holding 8 of the same companies as IYW's top 10 (63.2% of IYW's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

IYW Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 576K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $26.5B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: IYW is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

IYW Performance History

How IYW Compares to Other Technology ETFs