IYF vs. IXG
Compare and contrast key facts about iShares U.S. Financials ETF (IYF) and iShares Global Financials ETF (IXG).
IYF and IXG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYF is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Financials Index. It was launched on May 31, 2000. IXG is a passively managed fund by iShares that tracks the performance of the S&P Global Financials Sector Index. It was launched on Nov 12, 2001. Both IYF and IXG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IYF or IXG.
Key characteristics
| IYF | IXG | |
|---|---|---|
| YTD Return | 12.00% | 11.49% |
| 1Y Return | 37.28% | 28.24% |
| 3Y Return (Ann) | 7.01% | 5.83% |
| 5Y Return (Ann) | 11.04% | 9.63% |
| 10Y Return (Ann) | 11.03% | 7.29% |
| Sharpe Ratio | 2.89 | 2.43 |
| Daily Std Dev | 13.37% | 12.30% |
| Max Drawdown | -79.09% | -78.42% |
| Current Drawdown | -0.31% | 0.00% |
Correlation
The correlation between IYF and IXG is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IYF vs. IXG - Performance Comparison
The year-to-date returns for both stocks are quite close, with IYF having a 12.00% return and IXG slightly lower at 11.49%. Over the past 10 years, IYF has outperformed IXG with an annualized return of 11.03%, while IXG has yielded a comparatively lower 7.29% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IYF vs. IXG - Expense Ratio Comparison
IYF has a 0.42% expense ratio, which is lower than IXG's 0.46% expense ratio.
Risk-Adjusted Performance
IYF vs. IXG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financials ETF (IYF) and iShares Global Financials ETF (IXG). 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.
Dividends
IYF vs. IXG - Dividend Comparison
IYF's dividend yield for the trailing twelve months is around 1.47%, less than IXG's 2.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYF iShares U.S. Financials ETF | 1.47% | 1.67% | 1.86% | 1.27% | 1.72% | 1.65% | 1.90% | 1.46% | 1.67% | 1.66% | 1.38% | 1.33% |
IXG iShares Global Financials ETF | 2.35% | 2.62% | 3.71% | 1.69% | 2.13% | 2.87% | 3.14% | 2.12% | 2.21% | 2.79% | 2.38% | 2.14% |
Drawdowns
IYF vs. IXG - Drawdown Comparison
The maximum IYF drawdown since its inception was -79.09%, roughly equal to the maximum IXG drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for IYF and IXG. For additional features, visit the drawdowns tool.
Volatility
IYF vs. IXG - Volatility Comparison
iShares U.S. Financials ETF (IYF) has a higher volatility of 3.14% compared to iShares Global Financials ETF (IXG) at 2.65%. This indicates that IYF's price experiences larger fluctuations and is considered to be riskier than IXG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.