IYE vs. IYK

Last updated Jun 14, 2026

IYE (iShares U.S. Energy ETF) and IYK (iShares U.S. Consumer Goods ETF) are both exchange-traded funds - IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas Index, while IYK is a Consumer Staples Equities fund tracking the Dow Jones U.S. Consumer Goods Index. Both are passively managed. Over the past 10 years, IYE returned 8.66%/yr vs 9.42%/yr for IYK. At a 0.43 correlation, their price movements are largely independent. Both charge a 0.42% expense ratio.

Performance

IYE vs. IYK - 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. Consumer Goods ETF (IYK). 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 IYK's 10.91% return. Over the past 10 years, IYE has underperformed IYK with an annualized return of 8.66%, while IYK has yielded a comparatively higher 9.42% 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%

IYK

• 1D: 0.70%
• 1M: 1.92%
• YTD: 10.91%
• 6M: 10.35%
• 1Y: 7.28%
• 3Y*: 6.56%
• 5Y*: 6.67%
• 10Y*: 9.42%

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

IYE vs. IYK - 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%
IYK iShares U.S. Consumer Goods ETF	10.91%	4.78%	5.27%	-2.84%	3.57%	17.32%	32.65%	28.12%	-13.84%	16.53%

Correlation

The correlation between IYE and IYK is 0.10, 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	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jun 16, 2000	0.43

Over the past year, the correlation between IYE and IYK has dropped to 0.10 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.

IYE vs. IYK - Sectors Allocation Comparison

Sectors	IYE	IYK
Energy	98.1%	-
Technology	1.9%	-
Basic Materials	-	2.6%
Communication Services	-	-
Consumer Cyclical	-	1.4%
Consumer Defensive	-	85.2%
Financial Services	-	-
Healthcare	-	10.7%
Industrials	-	0.1%
Real Estate	-	-
Utilities	-	-

Return for Risk

IYE vs. IYK — 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

IYK

IYK Risk / Return Rank: 17
IYK Sharpe Ratio Rank: 18
IYK Sortino Ratio Rank: 17
IYK Omega Ratio Rank: 17
IYK Calmar Ratio Rank: 17
IYK Martin Ratio Rank: 16

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. IYK - 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. Consumer Goods ETF (IYK). 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	IYK	Difference
Sharpe ratio: Return per unit of total volatility	1.81	0.50	+1.30
Sortino ratio: Return per unit of downside risk	2.39	0.80	+1.59
Omega ratio: Gain probability vs. loss probability	1.29	1.09	+0.20
Calmar ratio: Return relative to maximum drawdown	3.03	0.59	+2.44
Martin ratio: Return relative to average drawdown	8.58	1.23	+7.35

IYE vs. IYK - Sharpe Ratio Comparison

The current IYE Sharpe Ratio is 1.81, which is higher than the IYK Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of IYE and IYK, 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. IYK - Drawdown Comparison

The maximum IYE drawdown since its inception was -73.74%, which is greater than IYK's maximum drawdown of -42.64%. Use the drawdown chart below to compare losses from any high point for IYE and IYK.

Drawdown Indicators

	IYE	IYK	Difference
Max Drawdown Largest peak-to-trough decline	-73.74%	-42.64%	-31.10%
Max Drawdown (1Y) Largest decline over 1 year	-11.92%	-10.68%	-1.24%
Max Drawdown (3Y) Largest decline over 3 years	-20.37%	-12.14%	-8.23%
Max Drawdown (5Y) Largest decline over 5 years	-25.61%	-15.05%	-10.56%
Max Drawdown (10Y) Largest decline over 10 years	-68.59%	-33.19%	-35.40%
Current Drawdown Current decline from peak	-7.87%	-4.40%	-3.47%
Average Drawdown Average peak-to-trough decline	-19.35%	-5.07%	-14.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	5.13%	-0.92%

Volatility

IYE vs. IYK - Volatility Comparison

iShares U.S. Energy ETF (IYE) has a higher volatility of 6.96% compared to iShares U.S. Consumer Goods ETF (IYK) at 4.75%. This indicates that IYE's price experiences larger fluctuations and is considered to be riskier than IYK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYE	IYK	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	4.75%	+2.21%
Volatility (6M) Calculated over the trailing 6-month period	16.36%	9.77%	+6.59%
Volatility (1Y) Calculated over the trailing 1-year period	20.04%	12.59%	+7.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.75%	13.05%	+12.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.51%	15.53%	+13.98%

IYE vs. IYK - Expense Ratio Comparison

Both IYE and IYK have an expense ratio of 0.42%.

Dividends

IYE vs. IYK - Dividend Comparison

IYE's dividend yield for the trailing twelve months is around 2.18%, less than IYK's 2.56% 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%
IYK iShares U.S. Consumer Goods ETF	2.56%	2.75%	2.63%	2.74%	2.16%	1.49%	1.42%	2.21%	2.81%	1.74%	2.63%	2.11%

Frequently Asked Questions

Can I hold both IYE and IYK in my portfolio?

IYE and IYK have a correlation of 0.10, 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 IYK?

IYE has higher volatility (6.96%) compared to IYK (4.75%). In terms of maximum drawdown, IYE dropped -73.74% vs IYK's -42.64%.

Which ETF is better, IYE or IYK?

On 10-year performance, IYK leads with 9.42% vs 8.66% for IYE. Both ETFs have the same 0.42% expense ratio. On volatility, IYK has been the lower-risk option at 4.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYE or IYK?

Over the 10-year period, IYK has performed better with a 9.42% 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 IYK?

IYE and IYK have the same expense ratio: 0.42% per year.

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

IYK has the higher dividend yield at 2.56%, compared with 2.18% for IYE.

What is the main difference between IYE and IYK?

IYE is categorized as Energy Equities, while IYK is Consumer Staples Equities. IYE tracks Dow Jones U.S. Oil & Gas Index, while IYK tracks Dow Jones U.S. Consumer Goods Index.

Which has better risk-adjusted returns?

IYE currently has the higher Sharpe Ratio (1.81 vs 0.50), 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.