IGV vs VGT ETF Comparison: AI Score, Valuation, Performance and Upside
IGV and VGT are both technology funds with very different scope. IGV holds software only, excluding semiconductors and hardware, which gives cleaner exposure to recurring subscription business models. VGT covers the whole technology sector including semiconductors, so it captures chip cycles and is dominated by a few enormous holdings through cap weighting.
Use this IGV vs VGT comparison to decide whether you want semiconductors. They have driven a large share of recent technology returns and they carry real manufacturing cyclicality. Excluding them makes a fund purer in business model terms while leaving out an important part of what technology sector exposure has meant in practice.
VGT holds the edge across 4 of 5 key metrics in this comparison. VGT has delivered stronger 1-year price return (+37.59% vs -6.91% for IGV).
- Want pure software exposure with recurring revenue characteristics
- Prefer to avoid semiconductor capital intensity and cyclicality
- Value weight caps that limit single-holding dominance
- Accept a concentrated roster and rate-sensitive valuations
- Want full technology sector coverage including semiconductors
- Are comfortable with heavy concentration in the largest holdings
- Prefer very low cost sector exposure
- Accept semiconductor cyclicality and sector-level volatility
| Metric | IGV | VGT |
|---|---|---|
| ETF scorei | 39.0 | 89.0 |
| Latest closei | $106.01 | $126.17 |
| 1M returni | +3.54% | +7.06% |
| 6M returni | +37.90% | +48.57% |
| 1Y returni | -6.91% | +37.59% |
The ETF score weights long-term returns and risk-adjusted performance most heavily, but still rewards low expense ratios, larger fund size, and broader diversification — so it can favor low-cost, broad, mega-cap funds over smaller thematic or actively-managed funds even when the latter have delivered stronger returns.
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | IGV | VGT |
|---|---|---|
| 1Y ago | $9.31K (-6.9%) started 2025-09-25 | $13.82K (+38.2%) started 2025-09-25 |
| 5Y ago | $12.77K (+27.7%) started 2021-09-27 | $25.85K (+158.5%) started 2021-09-27 |
| 10Y ago | $48.18K (+381.8%) started 2016-09-26 | $101.54K (+915.4%) started 2016-09-26 |
Hypothetical — past performance does not guarantee future results.
| Metric | IGV | VGT |
|---|---|---|
| Expense ratioi | 0.38% | 0.09% |
| Total assets (AUM)i | $15.74B | $170.65B |
| Dividend yieldi | 0.02% | 0.36% |
| Trailing P/Ei | 32.97 | 33.66 |
| Betai | 1.19 | 1.37 |
| 52-week change | -6.91% | 37.59% |
| Metric | IGV | VGT |
|---|---|---|
| 1Y returni | -6.91% | +37.59% |
| 6M returni | +37.90% | +48.57% |
| 1M returni | +3.54% | +7.06% |
| 1Y Sharpe ratio | -0.21 | 1.23 |
| Betai | 1.19 | 1.37 |
| Dividend yieldi | 0.02% | 0.36% |
| 5Y CAGR | +5.01% | +20.10% |
Over the past year, IGV and VGT have moved moderately in the same direction (correlation of 0.53), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | IGV | VGT |
|---|---|---|---|
| 1Y | Growthi | -6.91% | +37.59% |
| CAGRi | -6.91% | +37.62% | |
| Volatilityi | 31.82% | 24.89% | |
| Sharpe ratioi | -0.21 | 1.23 | |
| Sortino ratioi | -0.30 | 1.81 | |
| Max drawdowni | 36.22% | 16.40% | |
| Current drawdowni | 9.44% | 0.07% | |
| Avg drawdowni | 16.85% | 5.17% | |
| Ulcer Indexi | 19.45% | 6.29% | |
| Max daily dropi | 5.83% | 6.14% | |
| Max wkly dropi | 13.66% | 9.34% | |
| 5Y | Growthi | +27.68% | +149.63% |
| CAGRi | +5.01% | +20.10% | |
| Volatilityi | 28.82% | 26.02% | |
| Sharpe ratioi | 0.16 | 0.66 | |
| Sortino ratioi | 0.22 | 0.96 | |
| Max drawdowni | 45.85% | 35.07% | |
| Current drawdowni | 9.98% | 0.07% | |
| Avg drawdowni | 17.86% | 9.28% | |
| Ulcer Indexi | 22.34% | 13.20% | |
| Max daily dropi | 6.15% | 7.24% | |
| Max wkly dropi | 15.39% | 14.00% | |
| 10Y | Growthi | +377.01% | +827.73% |
| CAGRi | +16.92% | +24.96% | |
| Volatilityi | 26.80% | 24.99% | |
| Sharpe ratioi | 0.55 | 0.84 | |
| Sortino ratioi | 0.78 | 1.20 | |
| Max drawdowni | 45.85% | 35.07% | |
| Current drawdowni | 9.98% | 0.07% | |
| Avg drawdowni | 10.85% | 6.36% | |
| Ulcer Indexi | 16.38% | 10.26% | |
| Max daily dropi | 11.77% | 13.49% | |
| Max wkly dropi | 19.00% | 17.57% |
| Category | IGV | VGT |
|---|---|---|
| Fund name | iShares Expanded Tech-Software Sector ETF | Vanguard Information Technology Index Fund ETF Shares |
| Type | ETF | ETF |
| Expense ratioi | 0.38% | 0.09% |
| Total assets (AUM)i | $15.74B | $170.65B |
| Dividend yieldi | 0.02% | 0.36% |
- Pure software exposure with recurring subscription revenue characteristics
- Avoids the capital intensity and cyclicality of semiconductor manufacturing
- Weight caps limit how dominant any single holding can become
- Covers the whole technology sector including semiconductors and hardware
- Very low cost for sector exposure
- Captures the largest technology companies at full market weight
- Excludes semiconductors, which have driven much recent technology sector performance
- Relatively concentrated roster means individual holdings matter a great deal
- Software valuations are sensitive to interest rates and growth expectations
- Extremely concentrated in a few enormous holdings due to cap weighting
- Semiconductor exposure adds genuine cyclicality to the fund
- Sector funds are undiversified by design and can drop sharply
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