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 issued by iShares that tracks a universe of 17 ETFs within its specific category. With assets under management totaling $25.4 billion and a share price of $232.20, the fund demonstrates significant investor adoption relative to its peers. It holds an overall rank of #115 out of 458 tracked ETFs across all categories, earning an ETFValuer grade of B with a score of 69.4 out of 100. The fund carries an expense ratio of 0.38% and offers a dividend yield of 0.01%, reflecting a low-income profile typical for growth-oriented technology vehicles. These metrics position IYW as a substantial, mid-tier ranked option within the broader ETF landscape managed by the platform.

Recent price action shows a decline of 1.21% over the last day and a steeper drop of 5.01% over the past week, followed by a 3.11% loss in the last month. Despite these short-term setbacks, the fund has posted positive returns over longer horizons, including a 6.34% gain over three months and a 15.46% increase over six months. Year-to-date performance stands at +16.24%, while the one-year return has reached +29.18%. The long-term trajectory is notably stronger, with a three-year return of +112.06% indicating significant appreciation over the full period. This pattern suggests a divergence where short-term volatility has not prevented substantial multi-year growth.

The fund is assigned a High volatility label and carries a beta of 1.45, indicating that its price movements tend to be more pronounced than the broader market. A Sharpe ratio of 1.04 suggests that the returns generated have been efficient relative to the amount of risk taken during the measurement period. However, the maximum drawdown of -26.47% highlights the potential for significant temporary losses during market downturns. This combination of high beta and deep drawdowns implies that the ETF experiences amplified swings in both rising and falling markets. Investors should expect a return profile that is sensitive to market direction, characterized by periods of sharp declines alongside the observed long-term gains.

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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 — and average daily volume is 813K/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