EMIF vs. IYK

Last updated Jun 24, 2026

EMIF (iShares Emerging Markets Infrastructure ETF) and IYK (iShares U.S. Consumer Goods ETF) are both exchange-traded funds - EMIF is a Emerging Markets Equities fund tracking the S&P Emerging Markets Infrastructure Index, while IYK is a Consumer Staples Equities fund tracking the Dow Jones U.S. Consumer Goods Index. Both are passively managed. Over the past 10 years, EMIF returned 2.41%/yr vs 9.43%/yr for IYK. At a 0.45 correlation, their price movements are largely independent. EMIF charges 0.75%/yr vs 0.42%/yr for IYK.

Performance

EMIF vs. IYK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Emerging Markets Infrastructure ETF (EMIF) and iShares U.S. Consumer Goods ETF (IYK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMIF achieves a 1.13% return, which is significantly lower than IYK's 9.34% return. Over the past 10 years, EMIF has underperformed IYK with an annualized return of 2.41%, while IYK has yielded a comparatively higher 9.43% annualized return.

EMIF

• 1D: -0.50%
• 1M: -2.11%
• YTD: 1.13%
• 6M: -0.46%
• 1Y: 20.42%
• 3Y*: 11.63%
• 5Y*: 4.64%
• 10Y*: 2.41%

IYK

• 1D: 1.89%
• 1M: -0.07%
• YTD: 9.34%
• 6M: 9.23%
• 1Y: 5.42%
• 3Y*: 5.69%
• 5Y*: 6.32%
• 10Y*: 9.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMIF vs. IYK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMIF iShares Emerging Markets Infrastructure ETF	1.13%	33.90%	1.21%	5.67%	-12.59%	3.76%	-19.98%	16.36%	-13.70%	20.70%
IYK iShares U.S. Consumer Goods ETF	9.34%	4.78%	5.27%	-2.84%	3.57%	17.32%	32.65%	28.12%	-13.84%	16.53%

Correlation

The correlation between EMIF and IYK is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jun 19, 2009	0.45

Over the past year, the correlation between EMIF and IYK has dropped to 0.09 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.

EMIF vs. IYK - Sectors Allocation Comparison

Sectors	EMIF	IYK
Industrials	42.0%	0.1%
Utilities	38.7%	-
Energy	19.3%	-
Basic Materials	-	2.6%
Communication Services	-	-
Consumer Cyclical	-	1.4%
Consumer Defensive	-	85.2%
Financial Services	-	-
Healthcare	-	10.7%
Real Estate	-	-
Technology	-	-

Return for Risk

EMIF vs. IYK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMIF

EMIF Risk / Return Rank: 34
EMIF Sharpe Ratio Rank: 38
EMIF Sortino Ratio Rank: 39
EMIF Omega Ratio Rank: 38
EMIF Calmar Ratio Rank: 28
EMIF Martin Ratio Rank: 29

IYK

IYK Risk / Return Rank: 14
IYK Sharpe Ratio Rank: 15
IYK Sortino Ratio Rank: 14
IYK Omega Ratio Rank: 14
IYK Calmar Ratio Rank: 15
IYK Martin Ratio Rank: 13

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.

EMIF vs. IYK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Infrastructure ETF (EMIF) and iShares U.S. Consumer Goods ETF (IYK). 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.

	EMIF	IYK	Difference
Sharpe ratio: Return per unit of total volatility	1.28	0.43	+0.86
Sortino ratio: Return per unit of downside risk	1.88	0.69	+1.18
Omega ratio: Gain probability vs. loss probability	1.24	1.08	+0.16
Calmar ratio: Return relative to maximum drawdown	1.32	0.51	+0.81
Martin ratio: Return relative to average drawdown	3.91	1.04	+2.86

EMIF vs. IYK - Sharpe Ratio Comparison

The current EMIF Sharpe Ratio is 1.28, which is higher than the IYK Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of EMIF and IYK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EMIF vs. IYK - Drawdown Comparison

The maximum EMIF drawdown since its inception was -48.02%, which is greater than IYK's maximum drawdown of -42.64%. Use the drawdown chart below to compare losses from any high point for EMIF and IYK.

Drawdown Indicators

	EMIF	IYK	Difference
Max Drawdown Largest peak-to-trough decline	-48.02%	-42.64%	-5.38%
Max Drawdown (1Y) Largest decline over 1 year	-15.57%	-10.68%	-4.89%
Max Drawdown (3Y) Largest decline over 3 years	-16.70%	-12.14%	-4.56%
Max Drawdown (5Y) Largest decline over 5 years	-23.29%	-15.05%	-8.24%
Max Drawdown (10Y) Largest decline over 10 years	-48.02%	-33.19%	-14.83%
Current Drawdown Current decline from peak	-12.97%	-5.76%	-7.21%
Average Drawdown Average peak-to-trough decline	-15.90%	-5.07%	-10.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.24%	5.21%	+0.03%

Volatility

EMIF vs. IYK - Volatility Comparison

iShares Emerging Markets Infrastructure ETF (EMIF) and iShares U.S. Consumer Goods ETF (IYK) have volatilities of 5.59% and 5.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMIF	IYK	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.59%	5.45%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	13.43%	10.06%	+3.37%
Volatility (1Y) Calculated over the trailing 1-year period	16.01%	12.80%	+3.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.74%	13.09%	+6.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.58%	15.53%	+5.05%

EMIF vs. IYK - Expense Ratio Comparison

EMIF has a 0.75% expense ratio, which is higher than IYK's 0.42% expense ratio.

Dividends

EMIF vs. IYK - Dividend Comparison

EMIF's dividend yield for the trailing twelve months is around 4.18%, more than IYK's 2.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMIF iShares Emerging Markets Infrastructure ETF	4.18%	4.96%	4.12%	2.64%	3.08%	3.94%	2.54%	2.07%	2.64%	2.58%	3.16%	2.07%
IYK iShares U.S. Consumer Goods ETF	2.62%	2.75%	2.63%	2.74%	2.16%	1.49%	1.42%	2.21%	2.81%	1.74%	2.63%	2.11%

Frequently Asked Questions

Can I hold both EMIF and IYK in my portfolio?

EMIF and IYK have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMIF or IYK?

EMIF has higher volatility (5.59%) compared to IYK (5.45%). In terms of maximum drawdown, EMIF dropped -48.02% vs IYK's -42.64%.

Which ETF is better, EMIF or IYK?

On 10-year performance, IYK leads with 9.43% vs 2.41% for EMIF. On fees, IYK is cheaper at 0.42% per year. On volatility, IYK has been the lower-risk option at 5.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMIF or IYK?

Over the 10-year period, IYK has performed better with a 9.43% return vs 2.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMIF or IYK?

IYK is cheaper with a 0.42% expense ratio, compared with 0.75% for EMIF.

Which ETF pays a higher dividend yield, EMIF or IYK?

EMIF has the higher dividend yield at 4.18%, compared with 2.62% for IYK.

What is the main difference between EMIF and IYK?

EMIF is categorized as Emerging Markets Equities, while IYK is Consumer Staples Equities. EMIF tracks S&P Emerging Markets Infrastructure Index, while IYK tracks Dow Jones U.S. Consumer Goods Index. Their fees differ too: 0.75% for EMIF and 0.42% for IYK.

Which has better risk-adjusted returns?

EMIF currently has the higher Sharpe Ratio (1.28 vs 0.43), 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.