PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EDOW vs. IYY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EDOW vs. IYY

Last updated Jun 4, 2026

EDOW (First Trust Dow 30 Equal Weight ETF) and IYY (iShares Dow Jones U.S. ETF) are both Large Cap Blend Equities funds - EDOW tracks the Dow Jones Industrail Average Equal Weight TR while IYY tracks the Dow Jones U.S. Index. Both are passively managed. Over the past 5 years, EDOW returned 8.89%/yr vs 12.92%/yr for IYY. Their correlation of 0.84 suggests significant overlap in exposure. EDOW charges 0.50%/yr vs 0.20%/yr for IYY.

Performance

EDOW vs. IYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dow 30 Equal Weight ETF (EDOW) and iShares Dow Jones U.S. ETF (IYY). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, EDOW achieves a 5.68% return, which is significantly lower than IYY's 10.92% return.

EDOW

1D
-1.18%
1M
3.18%
YTD
5.68%
6M
5.68%
1Y
18.49%
3Y*
15.49%
5Y*
8.89%
10Y*
—

IYY

1D
-0.73%
1M
5.06%
YTD
10.92%
6M
10.83%
1Y
27.47%
3Y*
22.10%
5Y*
12.92%
10Y*
15.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EDOW vs. IYY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EDOW
First Trust Dow 30 Equal Weight ETF		5.68%15.46%13.17%15.47%-7.45%18.82%6.64%24.69%-2.04%11.90%
IYY
iShares Dow Jones U.S. ETF		10.92%17.08%24.15%26.48%-19.57%26.38%20.10%30.78%-5.16%9.11%

Correlation

The correlation between EDOW and IYY is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.76

Correlation (3Y)
Calculated over the trailing 3-year period

0.79

Correlation (5Y)
Calculated over the trailing 5-year period

0.85

Correlation (All Time)
Calculated using the full available price history since Aug 10, 2017

0.84

The correlation between EDOW and IYY has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.

EDOW vs. IYY - Sectors Allocation Comparison

Sectors
EDOW
IYY

Technology

20.0%
34.8%

Financial Services

17.5%
12.0%

Industrials

13.6%
9.0%

Healthcare

13.4%
8.6%

Consumer Cyclical

12.7%
10.2%

Consumer Defensive

9.9%
4.8%

Communication Services

6.5%
10.7%

Energy

3.3%
3.6%

Basic Materials

3.3%
2.0%

Real Estate

-

2.2%

Utilities

-

2.3%

Technology

EDOW
20.0%
IYY
34.8%

Financial Services

EDOW
17.5%
IYY
12.0%

Industrials

EDOW
13.6%
IYY
9.0%

Healthcare

EDOW
13.4%
IYY
8.6%

Consumer Cyclical

EDOW
12.7%
IYY
10.2%

Consumer Defensive

EDOW
9.9%
IYY
4.8%

Communication Services

EDOW
6.5%
IYY
10.7%

Energy

EDOW
3.3%
IYY
3.6%

Basic Materials

EDOW
3.3%
IYY
2.0%

Real Estate

EDOW

-

IYY
2.2%

Utilities

EDOW

-

IYY
2.3%

Compare stocks, funds, or ETFs

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

First Trust Dow 30 Equal Weight ETF

iShares Dow Jones U.S. ETF

Often compared with EDOW:
EDOW vs. DIAEDOW vs. DGTEDOW vs. DJDEDOW vs. RSPEDOW vs. QQQEEDOW vs. VOOEDOW vs. SCHD
Often compared with IYY:
IYY vs. DIAIYY vs. VOOIYY vs. VTIIYY vs. IYMIYY vs. QQQIYY vs. CIND.LIYY vs. SCHB

Return for Risk

EDOW vs. IYY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EDOW
EDOW Risk / Return Rank: 4848
Overall Rank
EDOW Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
EDOW Sortino Ratio Rank: 5252
Sortino Ratio Rank
EDOW Omega Ratio Rank: 4848
Omega Ratio Rank
EDOW Calmar Ratio Rank: 4343
Calmar Ratio Rank
EDOW Martin Ratio Rank: 4747
Martin Ratio Rank
IYY
IYY Risk / Return Rank: 6868
Overall Rank
IYY Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
IYY Sortino Ratio Rank: 6868
Sortino Ratio Rank
IYY Omega Ratio Rank: 6868
Omega Ratio Rank
IYY Calmar Ratio Rank: 6161
Calmar Ratio Rank
IYY Martin Ratio Rank: 7474
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EDOW vs. IYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dow 30 Equal Weight ETF (EDOW) 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.

EDOWIYYDifference
Sharpe ratioReturn per unit of total volatility
1.74
2.30

-0.56

Sortino ratioReturn per unit of downside risk
2.57
3.16

-0.59

Omega ratioGain probability vs. loss probability

1.30

1.42

-0.11

Calmar ratioReturn relative to maximum drawdown

2.13

3.09

-0.96

Martin ratioReturn relative to average drawdown

7.89

14.19

-6.30

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EDOW vs. IYY - Sharpe Ratio Comparison

The current EDOW Sharpe Ratio is 1.74, which is comparable to the IYY Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of EDOW 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.

Loading charts...

Sharpe Ratios by Period

EDOWIYYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.74

2.30

-0.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.63

0.76

-0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.83

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.44

+0.19

Drawdowns

EDOW vs. IYY - Drawdown Comparison

The maximum EDOW drawdown since its inception was -33.72%, smaller than the maximum IYY drawdown of -55.17%. Use the drawdown chart below to compare losses from any high point for EDOW and IYY.

Loading charts...

Drawdown Indicators

EDOWIYYDifference

Max Drawdown

Largest peak-to-trough decline

-33.72%

-55.17%

+21.45%

Max Drawdown (1Y)

Largest decline over 1 year

-8.73%

-8.94%

+0.21%

Max Drawdown (3Y)

Largest decline over 3 years

-15.51%

-19.06%

+3.55%

Max Drawdown (5Y)

Largest decline over 5 years

-21.98%

-25.46%

+3.48%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.90%

—

Current Drawdown

Current decline from peak

-1.18%

-0.73%

-0.45%

Average Drawdown

Average peak-to-trough decline

-4.08%

-10.84%

+6.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.35%

1.94%

+0.41%

Volatility

EDOW vs. IYY - Volatility Comparison

The current volatility for First Trust Dow 30 Equal Weight ETF (EDOW) is 2.74%, while iShares Dow Jones U.S. ETF (IYY) has a volatility of 2.93%. This indicates that EDOW experiences smaller price fluctuations and is considered to be less risky than IYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

EDOWIYYDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.74%

2.93%

-0.19%

Volatility (6M)

Calculated over the trailing 6-month period

7.92%

9.04%

-1.12%

Volatility (1Y)

Calculated over the trailing 1-year period

10.68%

12.01%

-1.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.21%

17.12%

-2.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.74%

18.16%

-0.42%

EDOW vs. IYY - Expense Ratio Comparison

EDOW has a 0.50% expense ratio, which is higher than IYY's 0.20% expense ratio.

Dividends

EDOW vs. IYY - Dividend Comparison

EDOW's dividend yield for the trailing twelve months is around 1.24%, more than IYY's 0.87% yield.

PositionTTM20252024202320222021202020192018201720162015
EDOW
First Trust Dow 30 Equal Weight ETF		1.24%1.31%1.65%1.93%1.91%1.52%1.84%1.88%1.82%0.75%0.00%0.00%
IYY
iShares Dow Jones U.S. ETF		0.87%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

EDOW and IYY have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IYY has higher volatility (2.93%) compared to EDOW (2.74%). In terms of maximum drawdown, EDOW dropped -33.72% vs IYY's -55.17%.

On 5-year performance, IYY leads with 12.92% vs 8.89% for EDOW. On fees, IYY is cheaper at 0.20% per year. On volatility, EDOW has been the lower-risk option at 2.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IYY has performed better with a 12.92% return vs 8.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IYY is cheaper with a 0.20% expense ratio, compared with 0.50% for EDOW.

EDOW has the higher dividend yield at 1.24%, compared with 0.87% for IYY.

EDOW tracks Dow Jones Industrail Average Equal Weight TR, while IYY tracks Dow Jones U.S. Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.50% for EDOW and 0.20% for IYY.

IYY currently has the higher Sharpe Ratio (2.30 vs 1.74), 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.

Portfolio Optimizer

Find the right allocation for EDOW and IYY

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer