IYC vs. IVV

Last updated Jun 4, 2026

IYC (iShares U.S. Consumer Discretionary ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - IYC is a Consumer Discretionary Equities fund tracking the Dow Jones U.S. Consumer Services Index, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IYC returned 11.49%/yr vs 15.54%/yr for IVV. Their correlation of 0.86 suggests significant overlap in exposure. IYC charges 0.38%/yr vs 0.03%/yr for IVV.

Performance

IYC vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Consumer Discretionary ETF (IYC) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IYC achieves a -2.72% return, which is significantly lower than IVV's 10.85% return. Over the past 10 years, IYC has underperformed IVV with an annualized return of 11.49%, while IVV has yielded a comparatively higher 15.54% annualized return.

IYC

• 1D: -0.53%
• 1M: -1.30%
• YTD: -2.72%
• 6M: -2.86%
• 1Y: 3.35%
• 3Y*: 15.36%
• 5Y*: 6.29%
• 10Y*: 11.49%

IVV

• 1D: -0.76%
• 1M: 4.97%
• YTD: 10.85%
• 6M: 10.87%
• 1Y: 28.00%
• 3Y*: 22.43%
• 5Y*: 13.88%
• 10Y*: 15.54%

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

IYC vs. IVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IYC iShares U.S. Consumer Discretionary ETF	-2.72%	7.85%	27.54%	34.03%	-31.78%	19.65%	24.58%	27.36%	1.76%	19.87%
IVV iShares Core S&P 500 ETF	10.85%	17.85%	24.93%	26.31%	-18.16%	28.76%	18.40%	31.07%	-4.49%	21.75%

Correlation

The correlation between IYC and IVV is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 29, 2000	0.86

The correlation between IYC and IVV shifts across timeframes, from 0.75 (1 year) to 0.87 (5 years), reflecting how their relationship changes across market environments.

IYC vs. IVV - Sectors Allocation Comparison

Sectors	IYC	IVV
Consumer Cyclical	67.8%	10.1%
Communication Services	13.7%	11.2%
Consumer Defensive	11.2%	4.9%
Technology	3.6%	35.6%
Industrials	3.5%	8.3%
Energy	0.1%	3.5%
Basic Materials	-	1.8%
Financial Services	-	11.8%
Healthcare	-	8.5%
Real Estate	-	1.9%
Utilities	-	2.4%

Return for Risk

IYC vs. IVV — Risk / Return Rank

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

IYC

IYC Risk / Return Rank: 12
IYC Sharpe Ratio Rank: 12
IYC Sortino Ratio Rank: 11
IYC Omega Ratio Rank: 11
IYC Calmar Ratio Rank: 12
IYC Martin Ratio Rank: 13

IVV

IVV Risk / Return Rank: 70
IVV Sharpe Ratio Rank: 71
IVV Sortino Ratio Rank: 70
IVV Omega Ratio Rank: 70
IVV Calmar Ratio Rank: 62
IVV Martin Ratio Rank: 75

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.

IYC vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Consumer Discretionary ETF (IYC) and iShares Core S&P 500 ETF (IVV). 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.

	IYC	IVV	Difference
Sharpe ratio: Return per unit of total volatility	0.24	2.39	-2.15
Sortino ratio: Return per unit of downside risk	0.44	3.25	-2.81
Omega ratio: Gain probability vs. loss probability	1.05	1.43	-0.38
Calmar ratio: Return relative to maximum drawdown	0.28	3.17	-2.88
Martin ratio: Return relative to average drawdown	0.85	14.71	-13.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYC vs. IVV - Sharpe Ratio Comparison

The current IYC Sharpe Ratio is 0.24, which is lower than the IVV Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of IYC and IVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IYC	IVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	2.39	-2.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.83	-0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.86	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.45	-0.04

Drawdowns

IYC vs. IVV - Drawdown Comparison

The maximum IYC drawdown since its inception was -53.10%, roughly equal to the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for IYC and IVV.

Drawdown Indicators

	IYC	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-53.10%	-55.25%	+2.15%
Max Drawdown (1Y) Largest decline over 1 year	-11.97%	-8.89%	-3.08%
Max Drawdown (3Y) Largest decline over 3 years	-21.62%	-18.75%	-2.87%
Max Drawdown (5Y) Largest decline over 5 years	-35.90%	-24.53%	-11.37%
Max Drawdown (10Y) Largest decline over 10 years	-35.90%	-33.90%	-2.00%
Current Drawdown Current decline from peak	-6.39%	-0.76%	-5.63%
Average Drawdown Average peak-to-trough decline	-9.95%	-10.78%	+0.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.95%	1.91%	+2.04%

Volatility

IYC vs. IVV - Volatility Comparison

iShares U.S. Consumer Discretionary ETF (IYC) has a higher volatility of 3.97% compared to iShares Core S&P 500 ETF (IVV) at 2.87%. This indicates that IYC's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYC	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	2.87%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	10.50%	8.90%	+1.60%
Volatility (1Y) Calculated over the trailing 1-year period	14.32%	11.80%	+2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.73%	16.88%	+3.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.89%	18.05%	+1.84%

IYC vs. IVV - Expense Ratio Comparison

IYC has a 0.38% expense ratio, which is higher than IVV's 0.03% expense ratio.

Dividends

IYC vs. IVV - Dividend Comparison

IYC's dividend yield for the trailing twelve months is around 0.51%, less than IVV's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVV iShares Core S&P 500 ETF	1.06%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%
IYC iShares U.S. Consumer Discretionary ETF	0.51%	0.51%	0.47%	0.68%	0.68%	0.39%	0.65%	0.89%	0.90%	0.92%	1.10%	1.03%

Frequently Asked Questions

Can I hold both IYC and IVV in my portfolio?

IYC and IVV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYC or IVV?

IYC has higher volatility (3.97%) compared to IVV (2.87%). In terms of maximum drawdown, IYC dropped -53.10% vs IVV's -55.25%.

Which ETF is better, IYC or IVV?

On 10-year performance, IVV leads with 15.54% vs 11.49% for IYC. On fees, IVV is cheaper at 0.03% per year. On volatility, IVV has been the lower-risk option at 2.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYC or IVV?

Over the 10-year period, IVV has performed better with a 15.54% return vs 11.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYC or IVV?

IVV is cheaper with a 0.03% expense ratio, compared with 0.38% for IYC.

Which ETF pays a higher dividend yield, IYC or IVV?

IVV has the higher dividend yield at 1.06%, compared with 0.51% for IYC.

What is the main difference between IYC and IVV?

IYC is categorized as Consumer Discretionary Equities, while IVV is S&P 500. IYC tracks Dow Jones U.S. Consumer Services Index, while IVV tracks S&P 500 Index. Their fees differ too: 0.38% for IYC and 0.03% for IVV.

Which has better risk-adjusted returns?

IVV currently has the higher Sharpe Ratio (2.39 vs 0.24), 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.