iShares U.S. Tech Independence Focused ETF
$114.47−0.91 (−0.78%)
- Expense ratio
- 0.18%
- Fund size
- $728M
- 1Y return
- +11.8%
- Yield · Last 12 months
- 0.35%
- Holdings
- 108
- Volume · 30D
- 0M sh
- NAV per share
- $114.61
- 52W range
The ETF.net IETC Grade
Score 77 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 93Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 83Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 37Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 89Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 53Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 90Category rank
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
- 108
- 50%
- NVDA
Sectors
- Technology82.3%
- Communication8.3%
- Financials3.3%
- Consumer Discr.2.9%
- Industrials2.5%
- Real Estate0.6%
- Health Care0.2%
Geography
- United States98.73%
- Singapore0.59%
- Australia0.27%
- Cayman Islands0.26%
- Germany0.15%
IETC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +13.9% |
| 1 month | +6.8% |
| 3 months | +6.5% |
| 1 year | +11.8% |
| 3 years | +29.9% |
| 5 years | +15.6% |
| 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 | +13.9% | |
| 2025 | +19.6% | |
| 2024 | +37.6% | |
| 2023 | +54.3% | |
| 2022 | −32.8% | |
| 2021 | +29.7% | |
| 2020 | +46.6% |
IETC in the news
ETF.net Research hasn’t filed on IETC yet — coverage lands here as it’s written.
IETC Dividends
- 0.35%
- $0.41
- $0.09 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 15, 2026 | Sep 18, 2026 | $0.09 |
| Jun 15, 2026 | Jun 18, 2026 | $0.11 |
| Mar 17, 2026 | Mar 20, 2026 | $0.07 |
| Dec 16, 2025 | Dec 19, 2025 | $0.13 |
| Sep 16, 2025 | Sep 19, 2025 | $0.10 |
| Jun 16, 2025 | Jun 20, 2025 | $0.09 |
| Mar 18, 2025 | Mar 21, 2025 | $0.06 |
| Dec 17, 2024 | Dec 20, 2024 | $0.12 |
| Sep 25, 2024 | Sep 30, 2024 | $0.16 |
| Jun 11, 2024 | Jun 17, 2024 | $0.09 |
| Mar 21, 2024 | Mar 27, 2024 | $0.08 |
| Dec 20, 2023 | Dec 27, 2023 | $0.13 |
IETC Risk
- 21.2%
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.
- 0.94
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.
- 1.25
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
- The middle half of Reshoring & Supply Chain funds
- Median 0.64%
No Reshoring & Supply Chain fund charges less.