IYE vs. IYZ
IYE (iShares U.S. Energy ETF) and IYZ (iShares U.S. Telecommunications ETF) are both exchange-traded funds - IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas 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, IYE returned 8.66%/yr vs 5.94%/yr for IYZ. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.42% expense ratio.
Performance
IYE vs. IYZ - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IYE having a 28.97% return and IYZ slightly higher at 29.57%. Over the past 10 years, IYE has outperformed IYZ with an annualized return of 8.66%, while IYZ has yielded a comparatively lower 5.94% 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%
IYZ
- 1D
- 1.27%
- 1M
- 0.83%
- YTD
- 29.57%
- 6M
- 32.60%
- 1Y
- 58.27%
- 3Y*
- 28.37%
- 5Y*
- 7.57%
- 10Y*
- 5.94%
IYE vs. IYZ - 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% |
IYZ iShares U.S. Telecommunications ETF | 29.57% | 29.28% | 20.53% | 3.90% | -30.29% | 11.69% | 4.13% | 16.14% | -8.59% | -11.86% |
Correlation
The correlation between IYE and IYZ 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 | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2000 | 0.44 |
Over the past year, the correlation between IYE and IYZ has dropped to 0.10 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
IYE vs. IYZ — Risk / Return Rank
IYE
IYZ
IYE vs. IYZ - 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. 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.
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 | IYZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.52 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 6.54 | -3.50 |
| Martin ratioReturn relative to average drawdown | 8.58 | 25.99 | -17.41 |
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Drawdowns
IYE vs. IYZ - Drawdown Comparison
The maximum IYE drawdown since its inception was -73.74%, roughly equal to the maximum IYZ drawdown of -77.11%. Use the drawdown chart below to compare losses from any high point for IYE and IYZ.
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Drawdown Indicators
| IYE | IYZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.74% | -77.11% | +3.37% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -8.62% | -3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -20.37% | -13.85% | -6.52% |
Max Drawdown (5Y)Largest decline over 5 years | -25.61% | -39.74% | +14.13% |
Max Drawdown (10Y)Largest decline over 10 years | -68.59% | -39.74% | -28.85% |
Current DrawdownCurrent decline from peak | -7.87% | -4.77% | -3.10% |
Average DrawdownAverage peak-to-trough decline | -19.35% | -40.10% | +20.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 2.17% | +2.04% |
Volatility
IYE vs. IYZ - Volatility Comparison
The current volatility for iShares U.S. Energy ETF (IYE) is 6.96%, while iShares U.S. Telecommunications ETF (IYZ) has a volatility of 8.76%. This indicates that IYE 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
| IYE | IYZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 8.76% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 16.36% | 15.61% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.04% | 18.65% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.75% | 18.88% | +6.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.51% | 19.30% | +10.21% |
IYE vs. IYZ - Expense Ratio Comparison
Both IYE and IYZ have an expense ratio of 0.42%.
Dividends
IYE vs. IYZ - Dividend Comparison
IYE's dividend yield for the trailing twelve months is around 2.18%, more than IYZ's 1.53% 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% |
IYZ iShares U.S. Telecommunications ETF | 1.53% | 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
IYE and IYZ 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.
IYZ has higher volatility (8.76%) compared to IYE (6.96%). In terms of maximum drawdown, IYE dropped -73.74% vs IYZ's -77.11%.
On 10-year performance, IYE leads with 8.66% vs 5.94% for IYZ. Both ETFs have the same 0.42% expense ratio. On volatility, IYE has been the lower-risk option at 6.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IYE has performed better with a 8.66% return vs 5.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYE and IYZ have the same expense ratio: 0.42% per year.
IYE has the higher dividend yield at 2.18%, compared with 1.53% for IYZ.
IYE is categorized as Energy Equities, while IYZ is Communications Equities. IYE tracks Dow Jones U.S. Oil & Gas Index, while IYZ tracks Dow Jones U.S. Select Telecommunications Index.
IYZ currently has the higher Sharpe Ratio (3.02 vs 1.81), 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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