EXI vs. IYJ

Last updated Jun 23, 2026

EXI (iShares Global Industrials ETF) and IYJ (iShares U.S. Industrials ETF) are both Industrials Equities funds from iShares - EXI tracks the S&P Global 1200 / Industrials -SEC while IYJ tracks the Dow Jones U.S. Industrials Index. Both are passively managed. Over the past 10 years, EXI returned 13.30%/yr vs 13.04%/yr for IYJ. Their correlation of 0.91 suggests significant overlap in exposure. EXI charges 0.43%/yr vs 0.38%/yr for IYJ.

Performance

EXI vs. IYJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Industrials ETF (EXI) and iShares U.S. Industrials ETF (IYJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EXI achieves a 14.80% return, which is significantly higher than IYJ's 10.17% return. Both investments have delivered pretty close results over the past 10 years, with EXI having a 13.30% annualized return and IYJ not far behind at 13.04%.

EXI

• 1D: 0.59%
• 1M: 4.27%
• YTD: 14.80%
• 6M: 14.21%
• 1Y: 27.99%
• 3Y*: 21.35%
• 5Y*: 12.62%
• 10Y*: 13.30%

IYJ

• 1D: 0.30%
• 1M: 4.36%
• YTD: 10.17%
• 6M: 8.63%
• 1Y: 19.98%
• 3Y*: 17.87%
• 5Y*: 9.21%
• 10Y*: 13.04%

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

EXI vs. IYJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EXI iShares Global Industrials ETF	14.80%	25.88%	12.47%	22.04%	-12.36%	17.37%	11.33%	27.13%	-14.41%	25.16%
IYJ iShares U.S. Industrials ETF	10.17%	11.94%	17.82%	19.94%	-13.53%	17.02%	17.37%	32.27%	-11.69%	23.98%

Correlation

The correlation between EXI and IYJ is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Sep 27, 2006	0.91

The correlation between EXI and IYJ has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

EXI vs. IYJ - Sectors Allocation Comparison

Sectors	EXI	IYJ
Industrials	94.4%	69.0%
Technology	4.0%	7.8%
Utilities	2.6%	3.4%
Communication Services	1.1%	-
Consumer Cyclical	0.2%	1.6%
Basic Materials	0.2%	4.1%
Financial Services	0.1%	17.0%
Consumer Defensive	0.1%	-
Energy	-	-
Healthcare	-	0.4%
Real Estate	-	-

Return for Risk

EXI vs. IYJ — Risk / Return Rank

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

EXI

EXI Risk / Return Rank: 51
EXI Sharpe Ratio Rank: 51
EXI Sortino Ratio Rank: 52
EXI Omega Ratio Rank: 50
EXI Calmar Ratio Rank: 47
EXI Martin Ratio Rank: 54

IYJ

IYJ Risk / Return Rank: 37
IYJ Sharpe Ratio Rank: 37
IYJ Sortino Ratio Rank: 38
IYJ Omega Ratio Rank: 34
IYJ Calmar Ratio Rank: 36
IYJ Martin Ratio Rank: 41

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.

EXI vs. IYJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Industrials ETF (EXI) and iShares U.S. Industrials ETF (IYJ). 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.

	EXI	IYJ	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.29	+0.41
Sortino ratio: Return per unit of downside risk	2.47	1.89	+0.57
Omega ratio: Gain probability vs. loss probability	1.31	1.22	+0.09
Calmar ratio: Return relative to maximum drawdown	2.28	1.76	+0.51
Martin ratio: Return relative to average drawdown	9.05	6.34	+2.71

EXI vs. IYJ - Sharpe Ratio Comparison

The current EXI Sharpe Ratio is 1.70, which is higher than the IYJ Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of EXI and IYJ, 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

EXI vs. IYJ - Drawdown Comparison

The maximum EXI drawdown since its inception was -62.60%, roughly equal to the maximum IYJ drawdown of -61.97%. Use the drawdown chart below to compare losses from any high point for EXI and IYJ.

Drawdown Indicators

	EXI	IYJ	Difference
Max Drawdown Largest peak-to-trough decline	-62.60%	-61.97%	-0.63%
Max Drawdown (1Y) Largest decline over 1 year	-12.35%	-11.39%	-0.96%
Max Drawdown (3Y) Largest decline over 3 years	-14.38%	-19.67%	+5.29%
Max Drawdown (5Y) Largest decline over 5 years	-27.23%	-26.24%	-0.99%
Max Drawdown (10Y) Largest decline over 10 years	-39.56%	-40.20%	+0.64%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.95%	-11.19%	+1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	3.16%	-0.06%

Volatility

EXI vs. IYJ - Volatility Comparison

iShares Global Industrials ETF (EXI) and iShares U.S. Industrials ETF (IYJ) have volatilities of 5.48% and 5.36%, 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

	EXI	IYJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.48%	5.36%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	14.00%	12.47%	+1.53%
Volatility (1Y) Calculated over the trailing 1-year period	16.60%	15.63%	+0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.09%	18.13%	-1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.45%	19.92%	-1.47%

EXI vs. IYJ - Expense Ratio Comparison

EXI has a 0.43% expense ratio, which is higher than IYJ's 0.38% expense ratio.

Dividends

EXI vs. IYJ - Dividend Comparison

EXI's dividend yield for the trailing twelve months is around 1.06%, more than IYJ's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXI iShares Global Industrials ETF	1.06%	1.32%	1.47%	1.84%	1.63%	1.42%	1.26%	1.72%	2.21%	1.48%	1.75%	1.95%
IYJ iShares U.S. Industrials ETF	0.72%	0.83%	0.88%	1.05%	1.05%	0.76%	1.01%	1.32%	1.43%	1.29%	1.38%	1.53%

Frequently Asked Questions

Can I hold both EXI and IYJ in my portfolio?

EXI and IYJ have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EXI or IYJ?

EXI has higher volatility (5.48%) compared to IYJ (5.36%). In terms of maximum drawdown, EXI dropped -62.60% vs IYJ's -61.97%.

Which ETF is better, EXI or IYJ?

On 10-year performance, EXI leads with 13.30% vs 13.04% for IYJ. On fees, IYJ is cheaper at 0.38% per year. On volatility, IYJ has been the lower-risk option at 5.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EXI or IYJ?

Over the 10-year period, EXI has performed better with a 13.30% return vs 13.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EXI or IYJ?

IYJ is cheaper with a 0.38% expense ratio, compared with 0.43% for EXI.

Which ETF pays a higher dividend yield, EXI or IYJ?

EXI has the higher dividend yield at 1.06%, compared with 0.72% for IYJ.

What is the main difference between EXI and IYJ?

EXI tracks S&P Global 1200 / Industrials -SEC, while IYJ tracks Dow Jones U.S. Industrials Index. Their fees differ too: 0.43% for EXI and 0.38% for IYJ.

Which has better risk-adjusted returns?

EXI currently has the higher Sharpe Ratio (1.70 vs 1.29), 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.