iShares Evolved U.S. Technology ETF (IETC) Performance
IETC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +4.2% since Dec 31, 2025
- 1 year
- +2.8% total return
- 5 years
- +13.2% a year
- Since first price
- +19.6% a year since 2018
IETC trailing returns vs SPY, QQQ, AGG
| Period | IETC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −7.8% | −7.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.5% | +3.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.8% | +4.6% | +7.8% | +8.4% | −1.5% |
| YTD | +4.2% | +3.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +2.8% | +2.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +101.9%+26.4%/yr | +99.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +86.1%+13.2%/yr | +79.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMar 23, 2018 | +366.2%+19.6%/yr | +337.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IETC vs SPY
From Mar 23, 2018: IETC grew to $46,616, SPY to $33,496.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IETC returns by calendar year
6 of 7 full years positive. Best 2023 (+54.3%), worst 2022 (−32.8%). 2026 is year to date.
IETC annual returns table
| Year | IETC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +4.2% | −17.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +19.6% | −25.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +37.6% | −11.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +54.3% | −10.3% | +26.2% | +54.9% | +5.7% |
| 2022 | −32.8% | −37.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +29.7% | −9.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +46.6% | −30.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +42.9% | −10.9% | +31.2% | +39.0% | +8.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IETC largest drawdowns
Now 10.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 27, 2021 | −38.5% | Nov 3, 2022 | Dec 15, 2023 | 10 months | 2.0 years |
| Feb 19, 2020 | −30.1% | Mar 16, 2020 | Jun 5, 2020 | 26 days | 4 months |
| Feb 18, 2025 | −25.2% | Apr 8, 2025 | Jun 10, 2025 | 49 days | 4 months |
| Aug 31, 2018 | −23.4% | Dec 24, 2018 | Apr 2, 2019 | 4 months | 7 months |
| Oct 29, 2025 | −21.2% | Mar 30, 2026 | May 14, 2026 | 5 months | 6 months |
| Jun 1, 2026 | −17.8% | Jul 29, 2026 | Oct 6, 2026 | 58 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IETC risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +29.6% | +16.2% | +21.4% |
| Volatility (annualized) | 20.6% | 22.4% | 21.5% |
| Sharpe ratio | 1.16 | 0.63 | 0.90 |
| Sortino ratio | 2.27 | 1.01 | 1.50 |
| Best month | +15.3% | +15.3% | +15.7% |
| Worst month | −8.6% | −13.7% | −13.7% |
| Best 12 months | +48.9% | +60.6% | +67.9% |
| Worst 12 months | +5.4% | −32.8% | −32.8% |
| Positive months | 61% | 58% | 62% |
| Beta vs S&P 500 | 1.36 | 1.23 | — |
| Correlation with S&P 500 | 0.82 | 0.86 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IETC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 92 | −32.8% | +28.8% | +67.9% | 85% |
| 3-year (a year) | 68 | +8.5% | +18.4% | +39.5% | 100% |
| 5-year (a year) | 44 | +12.8% | +19.1% | +23.0% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
IETC performance overview
iShares Evolved U.S. Technology ETF (IETC) returned +2.8% over the past year and +13.2% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +19.6% a year, turning $10,000 into about $46,616. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −38.5%, from Dec 27, 2021 to Nov 3, 2022, and it took 1.1 years to get back to the old high. IETC finished 6 of its 7 full calendar years with a gain; the best year was 2023 (+54.3%) and the worst 2022 (−32.8%). Volatility has been 21.5% a year.
Related: IETC chart, IETC holdings, IETC dividends, IETC valuation. See the IETC overview for the latest quote and fund facts.
IETC performance FAQ
What is the IETC return over the past year?
IETC returned +2.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 2.4%.
What is the average annual return of IETC?
IETC has returned +13.2% a year over 5 years, +19.6% a year since March 23, 2018 (total return, distributions reinvested).
How much would $10,000 invested in IETC be worth?
$10,000 invested in IETC at its first recorded close on March 23, 2018 would be worth about $46,616 on October 23, 2026 with distributions reinvested.
What was the worst year for IETC?
The worst calendar year was 2022, with a total return of −32.8%. The best was 2023 at +54.3%.
What is the biggest drawdown of IETC?
The largest peak-to-trough decline was −38.5% between December 27, 2021 and November 3, 2022. It recovered to the old high on December 15, 2023, 1.1 years after the bottom.
How volatile is IETC?
Over the past 3 years IETC had an annualized volatility of 20.6% and a Sharpe ratio of 1.16 (excess return over 1–3 month T-bills per unit of risk).