iShares U.S. Technology ETF (IYW) Performance
IYW total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +25.3% since Dec 31, 2025
- 1 year
- +25.1% total return
- 5 years
- +18.7% a year
- 10 years
- +24.4% a year
- Since first price
- +9.3% a year since 2000
IYW trailing returns vs SPY, QQQ, AGG
| Period | IYW total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −5.5% | −5.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.8% | +4.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +18.2% | +18.1% | +7.8% | +8.4% | −1.5% |
| YTD | +25.3% | +25.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +25.1% | +25.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +139.1%+33.7%/yr | +137.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +135.7%+18.7%/yr | +132.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +787.6%+24.4%/yr | +741.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +1,630.1%+20.9%/yr | +1,451.6% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +2,043.9%+16.6%/yr | +1,780.2% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionMay 19, 2000 | +960.4%+9.3%/yr | +810.9% | — | — | — |
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: IYW vs SPY
From May 19, 2000: IYW grew to $106,039, SPY to $85,939.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IYW returns by calendar year
19 of 25 full years positive. Best 2023 (+65.5%), worst 2008 (−43.1%). 2026 is year to date.
IYW annual returns table
| Year | IYW | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +25.3% | −15.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +25.4% | −26.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +30.2% | −16.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +65.5% | −10.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −34.8% | −38.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +35.4% | −11.4% | +28.7% | +27.4% | −1.8% |
| 2020 | +47.5% | −30.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +46.6% | −12.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −0.9% | −24.0% | −4.6% | −0.1% | +0.1% |
| 2017 | +36.6% | −5.7% | +21.7% | +32.7% | +3.6% |
| 2016 | +13.7% | −11.2% | +12.0% | +7.1% | +2.4% |
| 2015 | +3.7% | −14.9% | +1.2% | +9.4% | +0.5% |
| 2014 | +19.5% | −9.0% | +13.5% | +19.2% | +6.0% |
| 2013 | +26.6% | −6.0% | +32.3% | +36.6% | −2.0% |
| 2012 | +11.7% | −14.4% | +16.0% | +18.1% | +3.8% |
| 2011 | −0.1% | −19.5% | +1.9% | +3.4% | +7.7% |
| 2010 | +12.4% | −16.6% | +15.1% | +19.9% | +6.4% |
| 2009 | +63.8% | −18.7% | +26.4% | +54.7% | +3.0% |
| 2008 | −43.1% | −50.6% | −36.8% | −41.7% | +7.9% |
| 2007 | +15.0% | −11.3% | +5.1% | +19.0% | +6.6% |
| 2006 | +10.0% | −18.0% | +15.8% | +7.1% | +3.9% |
| 2005 | +2.8% | −12.5% | +4.8% | +1.6% | +2.3% |
| 2004 | +1.3% | −25.3% | +10.7% | +10.5% | +3.8% |
| 2003 | +49.3% | −16.1% | +28.2% | +49.7% | — |
| 2002 | −38.9% | −57.1% | −21.6% | −37.4% | — |
| 2001 | −28.7% | −58.0% | −11.8% | −33.3% | — |
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.
IYW largest drawdowns
Now 8.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 17, 2000 | −81.9% | Oct 9, 2002 | Jan 11, 2017 | 2.2 years | 16.5 years |
| Dec 27, 2021 | −39.4% | Nov 3, 2022 | Nov 20, 2023 | 10 months | 1.9 years |
| Feb 19, 2020 | −30.5% | Mar 23, 2020 | Jun 5, 2020 | 33 days | 4 months |
| Feb 18, 2025 | −26.5% | Apr 8, 2025 | Jun 24, 2025 | 49 days | 4 months |
| Aug 29, 2018 | −24.0% | Dec 24, 2018 | Mar 21, 2019 | 4 months | 7 months |
| Oct 29, 2025 | −17.8% | Mar 30, 2026 | Apr 22, 2026 | 5 months | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IYW risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2000 |
|---|---|---|---|---|
| Annualized return | +36.5% | +21.6% | +25.1% | +9.4% |
| Volatility (annualized) | 22.0% | 24.0% | 21.2% | 24.5% |
| Sharpe ratio | 1.34 | 0.79 | 1.06 | — |
| Sortino ratio | 3.23 | 1.39 | 1.90 | — |
| Best month | +20.2% | +20.2% | +20.2% | +21.6% |
| Worst month | −9.1% | −13.1% | −13.1% | −29.1% |
| Best 12 months | +60.1% | +65.5% | +72.5% | +72.5% |
| Worst 12 months | +4.2% | −34.8% | −34.8% | −66.7% |
| Positive months | 67% | 63% | 68% | 60% |
| Beta vs S&P 500 | 1.53 | 1.35 | 1.21 | — |
| Correlation with S&P 500 | 0.87 | 0.88 | 0.88 | — |
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.
IYW rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 306 | −66.7% | +15.2% | +72.5% | 75% |
| 3-year (a year) | 282 | −32.8% | +14.3% | +43.1% | 86% |
| 5-year (a year) | 258 | −18.5% | +15.1% | +31.7% | 91% |
| 10-year (a year) | 198 | −9.0% | +14.3% | +26.1% | 95% |
Every holding period starting at a month-end since 2000. Returns for 3 years and longer are annualized.
IYW performance overview
iShares U.S. Technology ETF (IYW) returned +25.1% over the past year and +24.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2000 it has returned +9.3% a year, turning $10,000 into about $106,039. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −81.9%, from Jul 17, 2000 to Oct 9, 2002, and it took 14.3 years to get back to the old high. IYW finished 19 of its 25 full calendar years with a gain; the best year was 2023 (+65.5%) and the worst 2008 (−43.1%). Volatility has been 24.5% a year.
Related: IYW chart, IYW holdings, IYW dividends, IYW valuation. See the IYW overview for the latest quote and fund facts.
IYW performance FAQ
What is the IYW return over the past year?
IYW returned +25.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 25.0%.
What is the average annual return of IYW?
IYW has returned +18.7% a year over 5 years, +24.4% a year over 10 years, +9.3% a year since May 19, 2000 (total return, distributions reinvested).
How much would $10,000 invested in IYW be worth?
$10,000 invested in IYW at its first recorded close on May 19, 2000 would be worth about $106,039 on October 23, 2026 with distributions reinvested.
What was the worst year for IYW?
The worst calendar year was 2008, with a total return of −43.1%. The best was 2023 at +65.5%.
What is the biggest drawdown of IYW?
The largest peak-to-trough decline was −81.9% between July 17, 2000 and October 9, 2002. It recovered to the old high on January 11, 2017, 14.3 years after the bottom.
How volatile is IYW?
Over the past 3 years IYW had an annualized volatility of 22.0% and a Sharpe ratio of 1.34 (excess return over 1–3 month T-bills per unit of risk).