iShares U.S. Tech Independence Focused ETF
$114.94−0.12 (−0.10%)
- 0.18%
- $735M
- +15.4%
- 0.35%
- 0M sh
- $116.73
- low $84.32high $119.00
The ETF.net IETC Grade
A
Score 76 out of 100
- 1 of 8
Score 76 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A93 out of 100Rank 1 of 8Mission
Whether the fund did what it promised, tested against its stated mandate.A83 out of 100Rank 1 of 4Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D37 out of 100Rank 8 of 8Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A88 out of 100Rank 1 of 8Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C49 out of 100Rank 5 of 8Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A90 out of 100Rank 1 of 8
Our read on IETC
AMost reshoring funds buy factories. This one buys the tech behind them: an active BlackRock portfolio that uses geolocation data to favor U.S. tech firms with more capability, revenue and production at home. Running since 2018.
The fund seeks long-term growth through actively managed exposure to U.S. technology companies with resilient value chains, domestic capabilities, and a greater proportion of U.S. technological capabilities, revenues, and production.
Why people hold it
- At 0.18%, it costs a fraction of the typical fund in this theme, where the median sits at 0.75%. That is unusual pricing for anything actively managed.
- Actively managed, not index-tracking. BlackRock uses geolocation data and proprietary models to identify U.S. tech companies with a greater share of capabilities, revenue and production onshore.ishares.com
- The definition of "tech" here is not the standard sector box. A proprietary classification system decides who counts, which can reach names a traditional sector screen files elsewhere.ishares.com
- One of the stronger implementations in its peer group, and it has been trading since 2018, before reshoring became a crowded fund-marketing category.
Worth knowing
- Roughly 100 stocks in one sector, and it sits at the higher-volatility end of what we track. Tech drawdowns land with little inside the portfolio to cushion them.
- "Tech independence" is BlackRock's own call, set by proprietary models rather than a public index, and iShares notes the classification system may not achieve its intended results.ishares.com
- Mid-sized and moderately traded rather than a headline-volume ETF, so limit orders are the sensible habit on larger tickets.
IETC Holdings
- Stocks
- 112
- 49%
- NVDA
Sectors
- Semiconductors & Semiconductor Equipment45.4%
- Software & Services19.7%
- Tech Hardware & Equip16.6%
- Media & Entertainment8.0%
- Financials3.5%
- Consumer Discretionary2.8%
- Capital Goods1.4%
- Commercial & Professional Services0.9%
- Transportation0.6%
- Real Estate0.4%
- Real Estate Management & Development0.2%
- Pharma, Biotech & Life Sciences0.2%
- Consumer Services0.1%
- Telecommunications0.1%
- Autos & Components0.0%
Geography
- United States98.71%
- Singapore0.53%
- Cayman Islands0.35%
- Australia0.25%
- Germany0.16%
IETC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
IETC$11,545
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | IETC |
|---|---|
| Year to date | +13.6% |
| 1 month | +5.3% |
| 3 months | +7.1% |
| 1 year | +15.4% |
| 3 years | +28.3% |
| 5 years | +16.2% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IETC |
|---|---|---|
| 2026 YTD | +13.6% | |
| 2025 | +19.6% | |
| 2024 | +37.6% | |
| 2023 | +54.3% | |
| 2022 | −32.8% | |
| 2021 | +29.7% | |
| 2020 | +46.6% |
IETC in the news
IETC Dividends
- 0.35%
- $0.41
- $0.09 per share
- Quarterly
Distribution history
IETC Risk
- 20.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.15
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −38.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.24
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IETC Cost
0.18%
IETC0.18%
- The middle half of Reshoring & Supply Chain funds
- Median 0.64%
No Reshoring & Supply Chain fund charges less.
Other funds in Reshoring & Supply Chain
- BMADEiShares U.S. Manufacturing ETFExpense ratio 0.40%1 year return +23.4%
- BDRESGMO Domestic Resilience ETFExpense ratio 0.50%1 year return +16.8%
- CDGLOFirst Trust Exchange-Traded Fund VI - First Trust RBA Deglobalization ETFExpense ratio 0.70%1 year return +16.8%
- CSUPLProShares - Supply Chain Logistics ETFExpense ratio 0.58%1 year return +25.2%
- DWELDTema U.S. Manufacturing & Reshoring ETFExpense ratio 0.75%1 year return +28.2%