Data as of Oct 28, 2026.

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IYW vs LYTE: Differences, Returns & Fees

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IYW and LYTE are measured over different days, and IYW charges 0.37% to LYTE's 0.65%.

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Net assets: $25.0bn on Oct 27, 2026 for iShares U.S. Technology ETF, and $165m on Oct 28, 2026 for Roundhill Photonics & Optics ETF.

At a glance
+23.2%
IYW total return, 1 year
−19.6%
LYTE total return, since launch, Aug 6, 2026
0.37%
IYW expense ratio
0.65%
LYTE expense ratio

Pair scorecard

IYW costs 0.28 points a year less; IYW is far larger, $25.0bn against $163m.

IYW vs LYTE: Differences, Returns & Fees
MeasureIYWLYTE
Return
Total return, 1 year+23.2%not published
Drawdown
Below its high5.5%, high on Oct 6, 2026
Below its all-time high28.5%, high on Aug 17, 2026
Benchmark
What it tracksRussell 1000 Technology RIC 22Photonics and optics
Cost and size
Expense ratio0.37%0.65%
Net assets, as of Oct 27, 2026$25.0bn$163m
Holdings
Holdings in commonnot published
In the S&P 500, by weight94%
Top ten holdings, share of the fund65.1%

Method

Side by side

IYW iShares U.S. Technology ETF LYTE Roundhill Photonics & Optics ETF
Where it sits Stock ETF Thematic ETF
What it is Tracks an index of U.S. Technology Photonics and optics
Total return, 1 year +23.2% −19.6% (since launch, Aug 6, 2026)
Its benchmark over the same days +13.1% (IWB) not measured
Gap to its benchmark +10.1 pts vs IWB not measured
Expense ratio 0.37% 0.65%
Holdings 150 not yet filed
Net assets, IYW as of Oct 27, 2026 and LYTE as of Oct 28, 2026 $25.0bn $165m

IYW and LYTE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
IYW

IYW tracks an index of U.S. Technology. Over the year to Oct 28, 2026 it returned +23.2% with distributions reinvested, against +13.1% for its benchmark, the Russell 1000 Index. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 150 positions, with the top ten at 65.1%. It sat 5.5% below its high of Oct 6, 2026 on Oct 28, 2026.

LYTE

LYTE has no public holdings filing captured yet. Since it first traded on Aug 6, 2026 the fund returned −19.6% with distributions reinvested. It sits 28.5% below its all-time high of Aug 17, 2026.

Questions people ask

Are IYW and LYTE in the same category?
IYW is a stock ETF and LYTE is a thematic ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which is cheaper, IYW or LYTE?
IYW is cheaper, by 0.28 percentage points a year. That is about $28 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, IYW against LYTE, data as of Oct 28, 2026. https://etfiq.com/compare/any/iyw-vs-lyte

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