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 (IYW) is a technology sector fund managed by iShares with $25.4 billion in assets under management. It currently holds an overall rank of #99 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 71.1 out of 100. The fund charges an expense ratio of 0.38% and offers a dividend yield of 0.01%. Trading at a price of $236.08, the substantial asset size suggests significant investor adoption within the 17 ETFs tracked in the Technology category. This combination of high assets and a mid-tier rank indicates a widely held vehicle that is not currently the top-ranked option in its specific sector. The low dividend yield reflects the growth-oriented nature typical of technology equities rather than income generation. Investors in this fund are paying a moderate fee for exposure to a large-cap technology segment managed by a major issuer.

Short-term performance shows negative momentum with a 1-day return of -1.03% and a 1-week return of -1.32%. The 1-month return extends this decline to -2.52%, indicating recent weakness in the fund's price action. However, the trend reverses sharply over longer horizons, with the 3-month return rising to +11.62% and the 6-month return accelerating further to +18.75%. Year-to-date performance stands at +18.18%, while the 1-year return reaches +32.36%. The long-term trajectory is even more pronounced, with the 3-year return totaling +109.48%. This pattern demonstrates a clear divergence where recent short-term losses are overshadowed by strong multi-year gains.

The fund carries a High volatility label and a beta of 1.45, indicating that its price movements are significantly more sensitive to market fluctuations than the broader market. This elevated sensitivity is reflected in a maximum drawdown of -26.47%, showing the fund has experienced substantial declines during downturns. Despite these risks, the Sharpe ratio of 1.17 suggests that the fund has generated a favorable risk-adjusted return relative to the volatility it has endured. The combination of a high beta and a deep drawdown implies the fund amplifies both market gains and losses. Investors should expect larger swings in value compared to less volatile assets, yet the positive Sharpe ratio indicates the recent returns have compensated for this increased risk profile.

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

IYW Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 63.6% 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 — SCHB overlaps most, holding 7 of the same companies as IYW's top 10 (57.6% 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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

IYW Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.11% and average daily volume is 828K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $25.4B 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