IYC vs. IYJ

Last updated Jun 14, 2026

IYC (iShares U.S. Consumer Discretionary ETF) and IYJ (iShares U.S. Industrials ETF) are both exchange-traded funds - IYC is a Consumer Discretionary Equities fund tracking the Dow Jones U.S. Consumer Services Index, while IYJ is a Industrials Equities fund tracking the Dow Jones U.S. Industrials Index. Both are passively managed. Over the past 10 years, IYC returned 11.83%/yr vs 12.54%/yr for IYJ. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.38% expense ratio.

Performance

IYC vs. IYJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Consumer Discretionary ETF (IYC) 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, IYC achieves a -1.40% return, which is significantly lower than IYJ's 7.60% return. Over the past 10 years, IYC has underperformed IYJ with an annualized return of 11.83%, while IYJ has yielded a comparatively higher 12.54% annualized return.

IYC

• 1D: 0.16%
• 1M: -0.02%
• YTD: -1.40%
• 6M: -2.54%
• 1Y: 6.51%
• 3Y*: 14.17%
• 5Y*: 6.41%
• 10Y*: 11.83%

IYJ

• 1D: 0.68%
• 1M: 1.18%
• YTD: 7.60%
• 6M: 6.77%
• 1Y: 16.22%
• 3Y*: 16.65%
• 5Y*: 8.44%
• 10Y*: 12.54%

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

IYC vs. IYJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IYC iShares U.S. Consumer Discretionary ETF	-1.40%	7.85%	27.54%	34.03%	-31.78%	19.65%	24.58%	27.36%	1.76%	19.87%
IYJ iShares U.S. Industrials ETF	7.60%	11.94%	17.82%	19.94%	-13.53%	17.02%	17.37%	32.27%	-11.69%	23.98%

Correlation

The correlation between IYC and IYJ is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jul 14, 2000	0.81

The correlation between IYC and IYJ has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.

IYC vs. IYJ - Sectors Allocation Comparison

Sectors	IYC	IYJ
Consumer Cyclical	67.4%	1.6%
Communication Services	13.6%	-
Consumer Defensive	11.4%	-
Technology	3.7%	7.8%
Industrials	3.5%	69.0%
Energy	0.1%	-
Basic Materials	-	4.1%
Financial Services	-	17.0%
Healthcare	-	0.4%
Real Estate	-	-
Utilities	-	3.4%

Return for Risk

IYC vs. IYJ — Risk / Return Rank

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

IYC

IYC Risk / Return Rank: 15
IYC Sharpe Ratio Rank: 16
IYC Sortino Ratio Rank: 15
IYC Omega Ratio Rank: 14
IYC Calmar Ratio Rank: 15
IYC Martin Ratio Rank: 16

IYJ

IYJ Risk / Return Rank: 29
IYJ Sharpe Ratio Rank: 28
IYJ Sortino Ratio Rank: 28
IYJ Omega Ratio Rank: 25
IYJ Calmar Ratio Rank: 28
IYJ Martin Ratio Rank: 33

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. IYJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Consumer Discretionary ETF (IYC) 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.

	IYC	IYJ	Difference
Sharpe ratio: Return per unit of total volatility	0.36	0.90	-0.53
Sortino ratio: Return per unit of downside risk	0.62	1.37	-0.75
Omega ratio: Gain probability vs. loss probability	1.07	1.16	-0.09
Calmar ratio: Return relative to maximum drawdown	0.44	1.24	-0.80
Martin ratio: Return relative to average drawdown	1.28	4.44	-3.16

IYC vs. IYJ - Sharpe Ratio Comparison

The current IYC Sharpe Ratio is 0.36, which is lower than the IYJ Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of IYC 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

IYC vs. IYJ - Drawdown Comparison

The maximum IYC drawdown since its inception was -53.10%, smaller than the maximum IYJ drawdown of -61.97%. Use the drawdown chart below to compare losses from any high point for IYC and IYJ.

Drawdown Indicators

	IYC	IYJ	Difference
Max Drawdown Largest peak-to-trough decline	-53.10%	-61.97%	+8.87%
Max Drawdown (1Y) Largest decline over 1 year	-11.97%	-11.39%	-0.58%
Max Drawdown (3Y) Largest decline over 3 years	-21.62%	-19.67%	-1.95%
Max Drawdown (5Y) Largest decline over 5 years	-35.90%	-26.24%	-9.66%
Max Drawdown (10Y) Largest decline over 10 years	-35.90%	-40.20%	+4.30%
Current Drawdown Current decline from peak	-5.12%	-1.61%	-3.51%
Average Drawdown Average peak-to-trough decline	-9.95%	-11.20%	+1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	3.17%	+0.91%

Volatility

IYC vs. IYJ - Volatility Comparison

The current volatility for iShares U.S. Consumer Discretionary ETF (IYC) is 4.33%, while iShares U.S. Industrials ETF (IYJ) has a volatility of 5.76%. This indicates that IYC experiences smaller price fluctuations and is considered to be less risky than IYJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYC	IYJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	5.76%	-1.43%
Volatility (6M) Calculated over the trailing 6-month period	10.74%	12.57%	-1.83%
Volatility (1Y) Calculated over the trailing 1-year period	14.44%	15.71%	-1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.74%	18.14%	+2.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.90%	19.91%	-0.01%

IYC vs. IYJ - Expense Ratio Comparison

Both IYC and IYJ have an expense ratio of 0.38%.

Dividends

IYC vs. IYJ - Dividend Comparison

IYC's dividend yield for the trailing twelve months is around 0.50%, less than IYJ's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYC iShares U.S. Consumer Discretionary ETF	0.50%	0.51%	0.47%	0.68%	0.68%	0.39%	0.65%	0.89%	0.90%	0.92%	1.10%	1.03%
IYJ iShares U.S. Industrials ETF	0.77%	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 IYC and IYJ in my portfolio?

IYC and IYJ have a correlation of 0.73, 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 IYJ?

IYJ has higher volatility (5.76%) compared to IYC (4.33%). In terms of maximum drawdown, IYC dropped -53.10% vs IYJ's -61.97%.

Which ETF is better, IYC or IYJ?

On 10-year performance, IYJ leads with 12.54% vs 11.83% for IYC. Both ETFs have the same 0.38% expense ratio. On volatility, IYC has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYC or IYJ?

Over the 10-year period, IYJ has performed better with a 12.54% return vs 11.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYC or IYJ?

IYC and IYJ have the same expense ratio: 0.38% per year.

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

IYJ has the higher dividend yield at 0.77%, compared with 0.50% for IYC.

What is the main difference between IYC and IYJ?

IYC is categorized as Consumer Discretionary Equities, while IYJ is Industrials Equities. IYC tracks Dow Jones U.S. Consumer Services Index, while IYJ tracks Dow Jones U.S. Industrials Index.

Which has better risk-adjusted returns?

IYJ currently has the higher Sharpe Ratio (0.90 vs 0.36), 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.