Data as of Oct 28, 2026.
IYW vs VOO: Differences, Returns & Fees
Over the year to Oct 28, 2026, IYW returned +23.2% to VOO's +13.7%; 45% of their weight is in the same names.
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Net assets: $25.0bn on Oct 27, 2026 for iShares U.S. Technology ETF, and $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF.
Pair scorecard
VOO costs 0.34 points a year less; their one-year returns differ by 9.5 points; VOO is far larger, $1.0tn against $26.5bn.
| Measure | IYW | VOO |
|---|---|---|
| Return | ||
| Total return, 1 year | +23.2% | +13.7% |
| Drawdown | ||
| Below its high | 5.5%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Russell 1000 Technology RIC 22 | S&P 500 Index |
| Cost and size | ||
| Expense ratio | 0.37% | 0.03% |
| Net assets, as of Sep 30, 2026 | $26.5bn | $1.0tn |
| Holdings | ||
| Holdings in common | 45% | |
| Top ten holdings, share of the fund | 65.1% | 39.1% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Sep 17, 2010 to Oct 23, 2026 · 840 weekly returnsEach against its own benchmark: IYW against IWB, May 26, 2000 to Oct 23, 2026; VOO against IVV, Sep 17, 2010 to Oct 23, 2026.
IYW returned more: +1,882.5% to +804.0%. VOO swung less: 15.9% to 21.0%. VOO fell less at its worst: −31.8% to −38.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IYW | VOO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +1,882.5% | +804.0% | IYW | Price change plus distributions, reinvested. |
| Annualized | +20.3% | +14.6% | IYW | Total return as a yearly rate. |
| Price return | +1,666.5% | +575.9% | IYW | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.0% | 15.9% | VOO | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.8% | 10.9% | VOO | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −38.4% | −31.8% | VOO | Deepest fall from a high to the low after it. |
| Upside capture | 146.1% | 99.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 116.0% | 99.9% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.19 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.70 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.91 | 0.84 | IYW (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.39 | 1.22 | IYW | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.088 | 0.134 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.53 | 0.46 | IYW | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IWB | IVV | The ETF each fund is measured against. | |
| Alpha | +0.9% a year | 0.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.32 | 0.51 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −4.4% to +6.1% | −0.1% to +0.2% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.17 | 0.02 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 14.2% | 0.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 840 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IYW and VOO hold 45% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
45% in common
Only in one fund ↓
Side by side
IYW and VOO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IYW and VOO do different jobs. What does each one do in a portfolio?
- What each follows. IYW follows Russell 1000 Technology RIC 22 and VOO follows S&P 500 Index.
- Holdings in common. 45% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 IYW returned +23.2% and VOO +13.7% with distributions reinvested, a gap of 9.5 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.
VOO
VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.
Questions people ask
- Which returned more over the last year, IYW or VOO?
- In the year to Oct 28, 2026, with distributions reinvested, IYW returned +23.2% and VOO +13.7%.
- Which is cheaper, IYW or VOO?
- VOO is cheaper, by 0.34 percentage points a year. That is about $34 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 VOO, data as of Oct 28, 2026. https://etfiq.com/compare/any/iyw-vs-voo
ETFIQ. (Oct 28, 2026). IYW against VOO. Retrieved from https://etfiq.com/compare/any/iyw-vs-voo
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