IYE vs. IYJ

Last updated Jun 14, 2026

IYE (iShares U.S. Energy ETF) and IYJ (iShares U.S. Industrials ETF) are both exchange-traded funds - IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas 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, IYE returned 8.66%/yr vs 12.54%/yr for IYJ. A 0.57 correlation means they provide meaningful diversification when combined. IYE charges 0.42%/yr vs 0.38%/yr for IYJ.

Performance

IYE vs. IYJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Energy ETF (IYE) 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, IYE achieves a 28.97% return, which is significantly higher than IYJ's 7.60% return. Over the past 10 years, IYE has underperformed IYJ with an annualized return of 8.66%, while IYJ has yielded a comparatively higher 12.54% annualized return.

IYE

• 1D: 0.76%
• 1M: -0.93%
• YTD: 28.97%
• 6M: 27.79%
• 1Y: 33.59%
• 3Y*: 15.75%
• 5Y*: 19.07%
• 10Y*: 8.66%

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)

IYE vs. IYJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IYE iShares U.S. Energy ETF	28.97%	7.33%	6.06%	-2.21%	60.21%	53.42%	-33.49%	10.03%	-19.37%	-1.80%
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 IYE and IYJ is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jul 14, 2000	0.57

Over the past year, the correlation between IYE and IYJ has dropped to 0.01 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

IYE vs. IYJ - Sectors Allocation Comparison

Sectors	IYE	IYJ
Energy	98.1%	-
Technology	1.9%	7.8%
Basic Materials	-	4.1%
Communication Services	-	-
Consumer Cyclical	-	1.6%
Consumer Defensive	-	-
Financial Services	-	17.0%
Healthcare	-	0.4%
Industrials	-	69.0%
Real Estate	-	-
Utilities	-	3.4%

Return for Risk

IYE vs. IYJ — Risk / Return Rank

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

IYE

IYE Risk / Return Rank: 60
IYE Sharpe Ratio Rank: 63
IYE Sortino Ratio Rank: 57
IYE Omega Ratio Rank: 54
IYE Calmar Ratio Rank: 69
IYE Martin Ratio Rank: 55

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.

IYE vs. IYJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Energy ETF (IYE) 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.

	IYE	IYJ	Difference
Sharpe ratio: Return per unit of total volatility	1.81	0.90	+0.91
Sortino ratio: Return per unit of downside risk	2.39	1.37	+1.02
Omega ratio: Gain probability vs. loss probability	1.29	1.16	+0.14
Calmar ratio: Return relative to maximum drawdown	3.03	1.24	+1.80
Martin ratio: Return relative to average drawdown	8.58	4.44	+4.14

IYE vs. IYJ - Sharpe Ratio Comparison

The current IYE Sharpe Ratio is 1.81, which is higher than the IYJ Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of IYE 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

IYE vs. IYJ - Drawdown Comparison

The maximum IYE drawdown since its inception was -73.74%, which is greater than IYJ's maximum drawdown of -61.97%. Use the drawdown chart below to compare losses from any high point for IYE and IYJ.

Drawdown Indicators

	IYE	IYJ	Difference
Max Drawdown Largest peak-to-trough decline	-73.74%	-61.97%	-11.77%
Max Drawdown (1Y) Largest decline over 1 year	-11.92%	-11.39%	-0.53%
Max Drawdown (3Y) Largest decline over 3 years	-20.37%	-19.67%	-0.70%
Max Drawdown (5Y) Largest decline over 5 years	-25.61%	-26.24%	+0.63%
Max Drawdown (10Y) Largest decline over 10 years	-68.59%	-40.20%	-28.39%
Current Drawdown Current decline from peak	-7.87%	-1.61%	-6.26%
Average Drawdown Average peak-to-trough decline	-19.35%	-11.20%	-8.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	3.17%	+1.04%

Volatility

IYE vs. IYJ - Volatility Comparison

iShares U.S. Energy ETF (IYE) has a higher volatility of 6.96% compared to iShares U.S. Industrials ETF (IYJ) at 5.76%. This indicates that IYE's price experiences larger fluctuations and is considered to be riskier than IYJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYE	IYJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	5.76%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	16.36%	12.57%	+3.79%
Volatility (1Y) Calculated over the trailing 1-year period	20.04%	15.71%	+4.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.75%	18.14%	+7.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.51%	19.91%	+9.60%

IYE vs. IYJ - Expense Ratio Comparison

IYE has a 0.42% expense ratio, which is higher than IYJ's 0.38% expense ratio.

Dividends

IYE vs. IYJ - Dividend Comparison

IYE's dividend yield for the trailing twelve months is around 2.18%, more than IYJ's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYE iShares U.S. Energy ETF	2.18%	2.85%	2.75%	2.99%	3.37%	2.98%	4.75%	6.60%	3.16%	2.66%	2.11%	3.39%
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 IYE and IYJ in my portfolio?

IYE and IYJ have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYE or IYJ?

IYE has higher volatility (6.96%) compared to IYJ (5.76%). In terms of maximum drawdown, IYE dropped -73.74% vs IYJ's -61.97%.

Which ETF is better, IYE or IYJ?

On 10-year performance, IYJ leads with 12.54% vs 8.66% for IYE. On fees, IYJ is cheaper at 0.38% per year. On volatility, IYJ has been the lower-risk option at 5.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYE or IYJ?

Over the 10-year period, IYJ has performed better with a 12.54% return vs 8.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYE or IYJ?

IYJ is cheaper with a 0.38% expense ratio, compared with 0.42% for IYE.

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

IYE has the higher dividend yield at 2.18%, compared with 0.77% for IYJ.

What is the main difference between IYE and IYJ?

IYE is categorized as Energy Equities, while IYJ is Industrials Equities. IYE tracks Dow Jones U.S. Oil & Gas Index, while IYJ tracks Dow Jones U.S. Industrials Index. Their fees differ too: 0.42% for IYE and 0.38% for IYJ.

Which has better risk-adjusted returns?

IYE currently has the higher Sharpe Ratio (1.81 vs 0.90), 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.