IGF vs. IYZ
IGF (iShares Global Infrastructure ETF) and IYZ (iShares U.S. Telecommunications ETF) are both exchange-traded funds - IGF is a Industrials Equities fund tracking the S&P Global Infrastructure Index, while IYZ is a Communications Equities fund tracking the Dow Jones U.S. Select Telecommunications Index. Both are passively managed. Over the past 10 years, IGF returned 8.26%/yr vs 5.76%/yr for IYZ. A 0.62 correlation means they provide meaningful diversification when combined. IGF charges 0.39%/yr vs 0.42%/yr for IYZ.
Performance
IGF vs. IYZ - Performance Comparison
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Returns By Period
In the year-to-date period, IGF achieves a 7.07% return, which is significantly lower than IYZ's 26.58% return. Over the past 10 years, IGF has outperformed IYZ with an annualized return of 8.26%, while IYZ has yielded a comparatively lower 5.76% annualized return.
IGF
- 1D
- -0.73%
- 1M
- -1.91%
- YTD
- 7.07%
- 6M
- 8.23%
- 1Y
- 13.89%
- 3Y*
- 15.43%
- 5Y*
- 9.75%
- 10Y*
- 8.26%
IYZ
- 1D
- 0.40%
- 1M
- 3.16%
- YTD
- 26.58%
- 6M
- 29.19%
- 1Y
- 51.92%
- 3Y*
- 28.42%
- 5Y*
- 7.24%
- 10Y*
- 5.76%
IGF vs. IYZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 7.07% | 21.31% | 14.81% | 6.14% | -1.26% | 11.57% | -6.50% | 25.82% | -9.95% | 19.31% |
IYZ iShares U.S. Telecommunications ETF | 26.58% | 29.28% | 20.53% | 3.90% | -30.29% | 11.69% | 4.13% | 16.14% | -8.59% | -11.86% |
Correlation
The correlation between IGF and IYZ is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2007 | 0.62 |
The correlation between IGF and IYZ shifts across timeframes, from 0.48 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IGF vs. IYZ — Risk / Return Rank
IGF
IYZ
IGF vs. IYZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) and iShares U.S. Telecommunications ETF (IYZ). 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.
| IGF | IYZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.50 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 7.11 | -4.74 |
| Martin ratioReturn relative to average drawdown | 7.08 | 26.20 | -19.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGF | IYZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 2.84 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.39 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.30 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.07 | +0.17 |
Drawdowns
IGF vs. IYZ - Drawdown Comparison
The maximum IGF drawdown since its inception was -58.33%, smaller than the maximum IYZ drawdown of -77.11%. Use the drawdown chart below to compare losses from any high point for IGF and IYZ.
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Drawdown Indicators
| IGF | IYZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.33% | -77.11% | +18.78% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -7.33% | +1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -14.28% | -13.85% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -20.83% | -39.74% | +18.91% |
Max Drawdown (10Y)Largest decline over 10 years | -42.11% | -39.74% | -2.37% |
Current DrawdownCurrent decline from peak | -5.29% | -6.96% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -11.87% | -40.13% | +28.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.99% | -0.02% |
Volatility
IGF vs. IYZ - Volatility Comparison
The current volatility for iShares Global Infrastructure ETF (IGF) is 3.61%, while iShares U.S. Telecommunications ETF (IYZ) has a volatility of 8.23%. This indicates that IGF experiences smaller price fluctuations and is considered to be less risky than IYZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGF | IYZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 8.23% | -4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.68% | 15.34% | -6.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.56% | 18.43% | -7.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 18.84% | -4.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 19.29% | -2.45% |
IGF vs. IYZ - Expense Ratio Comparison
IGF has a 0.39% expense ratio, which is lower than IYZ's 0.42% expense ratio.
Dividends
IGF vs. IYZ - Dividend Comparison
IGF's dividend yield for the trailing twelve months is around 3.01%, more than IYZ's 1.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 3.01% | 3.23% | 3.21% | 3.36% | 2.67% | 2.42% | 2.33% | 3.27% | 3.52% | 2.95% | 2.98% | 3.25% |
IYZ iShares U.S. Telecommunications ETF | 1.57% | 2.04% | 1.94% | 2.27% | 2.55% | 2.51% | 2.60% | 2.36% | 2.15% | 3.54% | 2.27% | 1.98% |
Frequently Asked Questions
IGF and IYZ have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYZ has higher volatility (8.23%) compared to IGF (3.61%). In terms of maximum drawdown, IGF dropped -58.33% vs IYZ's -77.11%.
On 10-year performance, IGF leads with 8.26% vs 5.76% for IYZ. On fees, IGF is cheaper at 0.39% per year. On volatility, IGF has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGF has performed better with a 8.26% return vs 5.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGF is cheaper with a 0.39% expense ratio, compared with 0.42% for IYZ.
IGF has the higher dividend yield at 3.01%, compared with 1.57% for IYZ.
IGF is categorized as Industrials Equities, while IYZ is Communications Equities. IGF tracks S&P Global Infrastructure Index, while IYZ tracks Dow Jones U.S. Select Telecommunications Index. Their fees differ too: 0.39% for IGF and 0.42% for IYZ.
IYZ currently has the higher Sharpe Ratio (2.84 vs 1.32), 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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