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DJD vs. IYY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DJD vs. IYY

Last updated Aug 2, 2026
Documentation

DJD (Invesco Dow Jones Industrial Average Dividend ETF) and IYY (iShares Dow Jones U.S. ETF) are both exchange-traded funds - DJD is a Large Cap Value Equities fund tracking the Dow Jones Industrial Average Yield Weighted Index, while IYY is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Index. Both are passively managed. Over the past 10 years, DJD returned 12.39%/yr vs 14.60%/yr for IYY. Their 0.70 correlation means they have sometimes moved together and sometimes differently. DJD charges 0.07%/yr vs 0.20%/yr for IYY.

Performance

DJD vs. IYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dow Jones Industrial Average Dividend ETF (DJD) and iShares Dow Jones U.S. ETF (IYY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DJD achieves a 14.63% return, which is significantly higher than IYY's 10.10% return. Over the past 10 years, DJD has underperformed IYY with an annualized return of 12.39%, while IYY has yielded a comparatively higher 14.60% annualized return.

DJD

1D
0.09%
1M
-0.05%
6M
9.67%
YTD
14.63%
1Y
25.62%
3Y*
17.22%
5Y*
11.42%
10Y*
12.39%
ALL TIME*
12.52%

IYY

1D
0.66%
1M
0.01%
6M
8.60%
YTD
10.10%
1Y
20.96%
3Y*
18.93%
5Y*
11.85%
10Y*
14.60%
ALL TIME*
8.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DJD

Invesco Dow Jones Industrial Average Dividend ETF
$2.54M$2.87M$2.55M

IYY

iShares Dow Jones U.S. ETF
$6.16M$5.24M$4.18M

DJD vs. IYY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DJD
Invesco Dow Jones Industrial Average Dividend ETF		14.63%15.83%13.66%9.41%-0.73%22.40%0.87%22.00%0.03%21.65%
IYY
iShares Dow Jones U.S. ETF		10.10%17.08%24.15%26.48%-19.57%26.38%20.10%30.78%-5.16%21.33%

Correlation

The correlation between DJD and IYY is 0.43, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.43

Correlation (3Y)
Balances recent behavior with more history.

0.58

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.68

Correlation (10Y)
Provides a long-term view across more market conditions.

0.71

Correlation (All Time)
Calculated using the full available price history since Dec 16, 2015

0.70

Over the past year, the correlation between DJD and IYY has dropped to 0.43 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

DJD vs. IYY - Sectors Allocation Comparison

Sectors
DJD
IYY

Healthcare

23.9%
9.2%

Financial Services

16.8%
12.4%

Technology

16.5%
36.9%

Consumer Cyclical

12.3%
8.8%

Consumer Defensive

11.5%
4.5%

Industrials

8.1%
8.7%

Energy

6.5%
3.5%

Communication Services

2.7%
8.9%

Basic Materials

1.9%
2.0%

Real Estate

-

2.2%

Utilities

-

2.7%

Healthcare

DJD
23.9%
IYY
9.2%

Financial Services

DJD
16.8%
IYY
12.4%

Technology

DJD
16.5%
IYY
36.9%

Consumer Cyclical

DJD
12.3%
IYY
8.8%

Consumer Defensive

DJD
11.5%
IYY
4.5%

Industrials

DJD
8.1%
IYY
8.7%

Energy

DJD
6.5%
IYY
3.5%

Communication Services

DJD
2.7%
IYY
8.9%

Basic Materials

DJD
1.9%
IYY
2.0%

Real Estate

DJD

-

IYY
2.2%

Utilities

DJD

-

IYY
2.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco Dow Jones Industrial Average Dividend ETF

iShares Dow Jones U.S. ETF

Often compared with DJD:
DJD vs. DIADJD vs. SCHDDJD vs. FDVVDJD vs. VOODJD vs. DDMDJD vs. VYMDJD vs. SCHV
Often compared with IYY:
IYY vs. DIAIYY vs. VOOIYY vs. VTIIYY vs. IYMIYY vs. QQQIYY vs. CIND.LIYY vs. SCHB

Return for Risk

DJD vs. IYY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
DJD
DJD Risk / Return Rank: 9191
Overall Rank
DJD Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
DJD Sortino Ratio Rank: 9393
Sortino Ratio Rank
DJD Omega Ratio Rank: 9090
Omega Ratio Rank
DJD Calmar Ratio Rank: 9393
Calmar Ratio Rank
DJD Martin Ratio Rank: 8888
Martin Ratio Rank
IYY
IYY Risk / Return Rank: 6464
Overall Rank
IYY Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
IYY Sortino Ratio Rank: 6161
Sortino Ratio Rank
IYY Omega Ratio Rank: 6161
Omega Ratio Rank
IYY Calmar Ratio Rank: 6161
Calmar Ratio Rank
IYY Martin Ratio Rank: 7373
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DJD vs. IYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Industrial Average Dividend ETF (DJD) and iShares Dow Jones U.S. ETF (IYY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

DJDIYYDifference
Sharpe ratioReturn per unit of total volatility
2.40
1.46

+0.94

Sortino ratioReturn per unit of downside risk
3.62
2.04

+1.57

Omega ratioGain probability vs. loss probability

1.42

1.26

+0.16

Calmar ratioReturn relative to maximum drawdown

4.47

2.12

+2.35

Martin ratioReturn relative to average drawdown

13.25

9.03

+4.22

DJD vs. IYY - Sharpe Ratio Comparison

The current DJD Sharpe Ratio is 2.40, which is higher than the IYY Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of DJD and IYY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DJD vs. IYY - Drawdown Comparison

The maximum DJD drawdown since its inception was -34.66%, smaller than the maximum IYY drawdown of -55.17%. Use the drawdown chart below to compare losses from any high point for DJD and IYY.

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Drawdown Indicators

DJDIYYDifference

Max Drawdown

Largest peak-to-trough decline

-34.66%

-55.17%

+20.51%

Max Drawdown (1Y)

Largest decline over 1 year

-5.64%

-8.94%

+3.30%

Max Drawdown (3Y)

Largest decline over 3 years

-12.28%

-19.06%

+6.78%

Max Drawdown (5Y)

Largest decline over 5 years

-19.94%

-25.46%

+5.52%

Max Drawdown (10Y)

Largest decline over 10 years

-34.66%

-34.90%

+0.24%

Current Drawdown

Current decline from peak

-1.36%

-1.46%

+0.10%

Average Drawdown

Average peak-to-trough decline

-3.70%

-10.79%

+7.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.90%

2.10%

-0.20%

Volatility

DJD vs. IYY - Volatility Comparison

Invesco Dow Jones Industrial Average Dividend ETF (DJD) has a higher volatility of 4.12% compared to iShares Dow Jones U.S. ETF (IYY) at 3.44%. This indicates that DJD's price experiences larger fluctuations and is considered to be riskier than IYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DJDIYYDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.12%

3.44%

+0.68%

Volatility (6M)

Calculated over the trailing 6-month period

8.07%

10.20%

-2.13%

Volatility (1Y)

Calculated over the trailing 1-year period

10.58%

12.99%

-2.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.38%

17.23%

-3.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.59%

18.16%

-1.57%

DJD vs. IYY - Expense Ratio Comparison

DJD has a 0.07% expense ratio, which is lower than IYY's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DJD vs. IYY - Dividend Comparison

DJD's dividend yield for the trailing twelve months is around 2.42%, more than IYY's 0.88% yield.

PositionTTM20252024202320222021202020192018201720162015
DJD
Invesco Dow Jones Industrial Average Dividend ETF		2.42%2.62%3.00%3.49%3.16%2.82%3.47%2.80%2.66%2.75%2.46%0.08%
IYY
iShares Dow Jones U.S. ETF		0.88%0.95%1.05%1.29%1.48%1.04%1.31%1.80%1.97%1.62%1.81%1.97%

Frequently Asked Questions

DJD and IYY have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DJD has higher volatility (4.12%) compared to IYY (3.44%). In terms of maximum drawdown, DJD dropped -34.66% vs IYY's -55.17%.

On 10-year performance, IYY leads with 14.60% vs 12.39% for DJD. On fees, DJD is cheaper at 0.07% per year. On volatility, IYY has been the lower-risk option at 3.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IYY has performed better with a 14.60% return vs 12.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DJD is cheaper with a 0.07% expense ratio, compared with 0.20% for IYY.

DJD has the higher dividend yield at 2.42%, compared with 0.88% for IYY.

DJD is categorized as Large Cap Value Equities, while IYY is Large Cap Blend Equities. DJD tracks Dow Jones Industrial Average Yield Weighted Index, while IYY tracks Dow Jones U.S. Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.07% for DJD and 0.20% for IYY.

DJD currently has the higher Sharpe Ratio (2.40 vs 1.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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