Data as of Oct 28, 2026.

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IYW vs VOOG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IYW returned +23.2% to VOOG's +12.1%; 58% 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 $27.8bn on Sep 30, 2026 for Vanguard S&P 500 Growth ETF.

At a glance
+23.2%
IYW total return, 1 year
+12.1%
VOOG total return, 1 year
0.37%
IYW expense ratio
0.05%
VOOG expense ratio

Pair scorecard

VOOG costs 0.32 points a year less; their one-year returns differ by 11.1 points.

IYW vs VOOG: Differences, Returns & Fees
MeasureIYWVOOG
Return
Total return, 1 year+23.2%+12.1%
Drawdown
Below its high5.5%, high on Oct 6, 20264.1%, high on Oct 6, 2026
Benchmark
What it tracksRussell 1000 Technology RIC 22S&P 500 Growth Index
Cost and size
Expense ratio0.37%0.05%
Net assets, as of Sep 30, 2026$26.5bn$27.8bn
Holdings
Holdings in common58%
Top ten holdings, share of the fund65.1%60.2%

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 returns
IYW VOOG
Return
Total return edge IYW +1,882.5% +1,043.0%
Annualized edge IYW +20.3% +16.3%
Price return edge IYW +1,666.5% +845.5%
Risk
Volatility edge VOOG 21.0% 17.5%
Max drawdown edge VOOG −38.4% −32.0%
Downside capture 116.0% 99.7%
Beta 1.19 1.00
Risk-adjusted
Sharpe edge IYW (slight) 0.91 0.86
Sortino edge IYW (slight) 1.39 1.28
Treynor 0.088 0.151
Calmar edge IYW (slight) 0.53 0.51
Against the benchmark
Alpha +0.9% a year +0.1% a year
Alpha t-stat 0.32 0.33
Information ratio 0.17 0.06
Tracking error 14.2% 0.9%

Each against its own benchmark: IYW against IWB, May 26, 2000 to Oct 23, 2026; VOOG against IVW, Sep 17, 2010 to Oct 23, 2026.

Reading

IYW returned more: +1,882.5% to +1,043.0%. VOOG swung less: 17.5% to 21.0%. VOOG fell less at its worst: −32.0% to −38.4%.

Full scorecard

19 measures, with how each is measured
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Risk and return: IYW vs VOOG: Differences, Returns & Fees
MeasureIYWVOOGEdgeHow it is measured
Return
Total return+1,882.5%+1,043.0%IYWPrice change plus distributions, reinvested.
Annualized+20.3%+16.3%IYWTotal return as a yearly rate.
Price return+1,666.5%+845.5%IYWPrice change alone, distributions left out.
Risk
Volatility21.0%17.5%VOOGSpread of weekly returns, annualized. Lower is steadier.
Downside deviation13.8%11.7%VOOGLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−38.4%−32.0%VOOGDeepest fall from a high to the low after it.
Upside capture146.1%99.6%Share of its benchmark's rise caught in the weeks it rose.
Downside capture116.0%99.7%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta1.191.00Not an edgeHow far it moves for each 1% its benchmark moves.
R squared0.701.00Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.910.86IYW (slight)Return above Treasury bills per unit of volatility.
Sortino1.391.28IYW (slight)Return above Treasury bills per unit of downside deviation.
Treynor0.0880.151Return above Treasury bills per unit of beta.
Calmar0.530.51IYW (slight)Annualized return divided by the max drawdown.
Against the benchmark
BenchmarkIWBIVWThe ETF each fund is measured against.
Alpha+0.9% a year+0.1% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat0.320.33Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−4.4% to +6.1%−0.4% to +0.5%Includes zeroThe 95% range for the yearly alpha.
Information ratio0.170.06Return against its benchmark per unit of tracking error.
Tracking error14.2%0.9%Not an edgeHow 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

58%

By the books each fund has filed, IYW and VOOG hold 58% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

58% in common

Positions both hold · largest shared weight first IYW VOOG
NVIDIA 16.81% 15.01%
MICROSOFT 13.07% 10.34%
APPLE 16.60% 6.60%
BROADCOM INC 3.14% 4.54%
META PLATFORMS CLASS A 3.02% 4.34%
MICRON TECHNOLOGY 2.73% 3.27%
ADVANCED MICRO DEVICES 3.04% 2.71%
ALPHABET CLASS A 2.38% 5.48%
ALPHABET CLASS C 1.92% 4.39%
PALANTIR TECHNOLOGIES CLASS A 2.18% 1.17%
LAM RESEARCH 1.49% 1.12%
APPLIED MATERIAL INC 1.55% 1.10%
Only in one fund ↓
Only in IYW
INTEL CORPORATION 2.12%
TEXAS INSTRUMENT 1.39%
ANALOG DEVICES 1.03%
QUALCOMM 0.96%
SALESFORCE 0.95%
DELL TECHNOLOGIES INC CLASS C 0.75%
WESTERN DIGITAL CORP 0.65%
SNOWFLAKE 0.56%
Only in VOOG
Amazon.com Inc 3.52%
Berkshire Hathaway Inc 2.52%
Eli Lilly & Co 2.51%
Tesla Inc 1.68%
JPMorgan Chase & Co 1.62%
Johnson & Johnson 1.02%
Caterpillar Inc 1.01%
Visa Inc 0.91%
Check overlap with more funds →

Side by side

IYW iShares U.S. Technology ETF VOOG Vanguard S&P 500 Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of U.S. Technology Tracks the S&P 500 Growth
Total return, 1 year +23.2% +12.1%
Its benchmark over the same days +13.1% (IWB) +12.1% (IVW)
Gap to its benchmark +10.1 pts vs IWB 0.0 pts vs IVW
Expense ratio 0.37% 0.05%
Already in the S&P 500 94.3% 99.8%
Holdings 150 154
Net assets, IYW as of Oct 27, 2026 and VOOG as of Sep 30, 2026 $25.0bn $27.8bn

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

Client brief · page 1 of 2 Report BR-A5495324FE

IYW and VOOG do different jobs. What does each one do in a portfolio?

  1. What each follows. IYW follows Russell 1000 Technology RIC 22 and VOOG follows S&P 500 Growth Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 IYW returned +23.2% and VOOG +12.1% with distributions reinvested, a gap of 11.1 points.
  3. Cost. IYW charges 0.37% of assets a year and VOOG 0.05%, a gap of 0.32 points.

Data as of Oct 28, 2026.

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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.

VOOG

VOOG tracks the S&P 500 Growth. Over the year to Oct 28, 2026 it returned +12.1% with distributions reinvested, against +12.1% for its benchmark, the S&P 500 Growth Index. The prospectus expense ratio is 0.05% 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 154 positions, with the top ten at 60.2%. It sat 4.1% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IYW or VOOG?
In the year to Oct 28, 2026, with distributions reinvested, IYW returned +23.2% and VOOG +12.1%.
Which is cheaper, IYW or VOOG?
VOOG is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IYW and VOOG overlap with the S&P 500?
By their latest filed holdings, 94% of IYW and 100% of VOOG by weight is stocks the S&P 500 already holds.
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ETFIQ, IYW against VOOG, data as of Oct 28, 2026. https://etfiq.com/compare/any/iyw-vs-voog

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