Data as of Oct 28, 2026.
IYW vs TDIV: Differences, Returns & Fees
Over the year to Oct 28, 2026, IYW returned +23.2% to TDIV's +16.3%; 23% of their weight is in the same names.
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Net assets on Oct 27, 2026: $25.0bn for iShares U.S. Technology ETF and $4.4bn for First Trust NASDAQ Technology Dividend Index Fund.
Pair scorecard
IYW costs 0.13 points a year less; their one-year returns differ by 6.9 points; IYW is 5.7 times larger.
| Measure | IYW | TDIV |
|---|---|---|
| Return | ||
| Total return, 1 year | +23.2% | +16.3% |
| Drawdown | ||
| Below its high | 5.5%, high on Oct 6, 2026 | 7.9%, high on Jun 2, 2026 |
| Benchmark | ||
| What it tracks | Russell 1000 Technology RIC 22 | Nasdaq Technology Dividend Index |
| Cost and size | ||
| Expense ratio | 0.37% | 0.50% |
| Net assets, as of Oct 27, 2026 | $25.0bn | $4.4bn |
| Holdings | ||
| Holdings in common | 23% | |
| Top ten holdings, share of the fund | 65.1% | 57.2% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Aug 24, 2012 to Oct 23, 2026 · 739 weekly returnsEach against its own benchmark: IYW against IWB, May 26, 2000 to Oct 23, 2026; TDIV against VOO, Aug 24, 2012 to Oct 23, 2026.
IYW returned more: +1,365.7% to +679.4%. TDIV swung less: 17.9% to 21.1%. TDIV fell less at its worst: −30.5% to −38.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IYW | TDIV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +1,365.7% | +679.4% | IYW | Price change plus distributions, reinvested. |
| Annualized | +20.8% | +15.5% | IYW | Total return as a yearly rate. |
| Price return | +1,221.1% | +466.5% | IYW | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.1% | 17.9% | TDIV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.8% | 12.1% | TDIV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −38.4% | −30.5% | TDIV | Deepest fall from a high to the low after it. |
| Upside capture | 146.1% | 112.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 116.0% | 105.8% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.19 | 1.03 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.70 | 0.83 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.92 | 0.80 | IYW | Return above Treasury bills per unit of volatility. |
| Sortino | 1.40 | 1.18 | IYW | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.088 | 0.138 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.54 | 0.51 | IYW (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IWB | VOO | The ETF each fund is measured against. | |
| Alpha | +0.9% a year | +0.7% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.32 | 0.37 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −4.4% to +6.1% | −3.2% to +4.6% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.17 | 0.16 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 14.2% | 7.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 739 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IYW and TDIV hold 23% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
23% in common
Only in one fund ↓
Side by side
IYW and TDIV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IYW and TDIV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. IYW follows Russell 1000 Technology RIC 22 and TDIV follows Nasdaq Technology Dividend Index.
- Holdings in common. 23% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 IYW returned +23.2% and TDIV +16.3% with distributions reinvested, a gap of 6.9 points.
Data as of Oct 28, 2026.
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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.
TDIV
TDIV tracks an index. Over the year to Oct 28, 2026 it returned +16.3% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.50% a year. By its holdings published by its issuer for Oct 27, 2026, 79% of the fund by weight is stocks the S&P 500 also holds, across 87 positions, with the top ten at 57.2%. It sat 7.9% below its high of Jun 2, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, IYW or TDIV?
- In the year to Oct 28, 2026, with distributions reinvested, IYW returned +23.2% and TDIV +16.3%.
- Which is cheaper, IYW or TDIV?
- IYW is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, IYW against TDIV, data as of Oct 28, 2026. https://etfiq.com/compare/any/iyw-vs-tdiv
ETFIQ. (Oct 28, 2026). IYW against TDIV. Retrieved from https://etfiq.com/compare/any/iyw-vs-tdiv
[IYW against TDIV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iyw-vs-tdiv)
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