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IYF vs. IYJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYF vs. IYJ

Last updated Jun 14, 2026

IYF (iShares U.S. Financials ETF) and IYJ (iShares U.S. Industrials ETF) are both exchange-traded funds - IYF is a Financials Equities fund tracking the Dow Jones U.S. Financials 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, IYF returned 13.53%/yr vs 12.54%/yr for IYJ. A 0.80 correlation means they provide meaningful diversification when combined. IYF charges 0.42%/yr vs 0.38%/yr for IYJ.

Performance

IYF vs. IYJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Financials ETF (IYF) and iShares U.S. Industrials ETF (IYJ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IYF achieves a -0.19% return, which is significantly lower than IYJ's 7.60% return. Over the past 10 years, IYF has outperformed IYJ with an annualized return of 13.53%, while IYJ has yielded a comparatively lower 12.54% annualized return.

IYF

1D
1.38%
1M
4.53%
YTD
-0.19%
6M
-0.21%
1Y
13.73%
3Y*
21.71%
5Y*
10.87%
10Y*
13.53%

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)

IYF vs. IYJ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IYF
iShares U.S. Financials ETF		-0.19%18.25%31.30%15.32%-11.33%31.60%-1.00%31.86%-9.39%19.58%
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 IYF 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

0.78

Correlation (5Y)
Calculated over the trailing 5-year period

0.83

Correlation (10Y)
Calculated over the trailing 10-year period

0.82

Correlation (All Time)
Calculated using the full available price history since Jul 14, 2000

0.80

The correlation between IYF and IYJ has been stable across timeframes, ranging from 0.73 to 0.83 - a consistent structural relationship.

IYF vs. IYJ - Sectors Allocation Comparison

Sectors
IYF
IYJ

Financial Services

99.1%
17.0%

Real Estate

0.6%

-

Technology

0.3%
7.8%

Basic Materials

-

4.1%

Communication Services

-

-

Consumer Cyclical

-

1.6%

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

0.4%

Industrials

-

69.0%

Utilities

-

3.4%

Financial Services

IYF
99.1%
IYJ
17.0%

Real Estate

IYF
0.6%
IYJ

-

Technology

IYF
0.3%
IYJ
7.8%

Basic Materials

IYF

-

IYJ
4.1%

Communication Services

IYF

-

IYJ

-

Consumer Cyclical

IYF

-

IYJ
1.6%

Consumer Defensive

IYF

-

IYJ

-

Energy

IYF

-

IYJ

-

Healthcare

IYF

-

IYJ
0.4%

Industrials

IYF

-

IYJ
69.0%

Utilities

IYF

-

IYJ
3.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Financials ETF

iShares U.S. Industrials ETF

Often compared with IYF:
IYF vs. XLFIYF vs. VFHIYF vs. IYGIYF vs. KBWBIYF vs. IXGIYF vs. KBEIYF vs. FTXO
Often compared with IYJ:
IYJ vs. XLIIYJ vs. VISIYJ vs. EXIIYJ vs. FXRIYJ vs. EFIVIYJ vs. IYKIYJ vs. FXAIX

Return for Risk

IYF vs. IYJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYF
IYF Risk / Return Rank: 2424
Overall Rank
IYF Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
IYF Sortino Ratio Rank: 2525
Sortino Ratio Rank
IYF Omega Ratio Rank: 2525
Omega Ratio Rank
IYF Calmar Ratio Rank: 2222
Calmar Ratio Rank
IYF Martin Ratio Rank: 2222
Martin Ratio Rank
IYJ
IYJ Risk / Return Rank: 2929
Overall Rank
IYJ Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
IYJ Sortino Ratio Rank: 2828
Sortino Ratio Rank
IYJ Omega Ratio Rank: 2525
Omega Ratio Rank
IYJ Calmar Ratio Rank: 2828
Calmar Ratio Rank
IYJ Martin Ratio Rank: 3333
Martin Ratio Rank
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.

IYF vs. IYJ - Risk-Adjusted Trends Comparison

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

IYFIYJDifference
Sharpe ratioReturn per unit of total volatility
0.84
0.90

-0.06

Sortino ratioReturn per unit of downside risk
1.21
1.37

-0.16

Omega ratioGain probability vs. loss probability

1.15

1.16

-0.01

Calmar ratioReturn relative to maximum drawdown

0.88

1.24

-0.35

Martin ratioReturn relative to average drawdown

2.38

4.44

-2.06

IYF vs. IYJ - Sharpe Ratio Comparison

The current IYF Sharpe Ratio is 0.84, which is comparable to the IYJ Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of IYF 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.

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Drawdowns

IYF vs. IYJ - Drawdown Comparison

The maximum IYF drawdown since its inception was -79.09%, which is greater than IYJ's maximum drawdown of -61.97%. Use the drawdown chart below to compare losses from any high point for IYF and IYJ.

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Drawdown Indicators

IYFIYJDifference

Max Drawdown

Largest peak-to-trough decline

-79.09%

-61.97%

-17.12%

Max Drawdown (1Y)

Largest decline over 1 year

-13.88%

-11.39%

-2.49%

Max Drawdown (3Y)

Largest decline over 3 years

-16.60%

-19.67%

+3.07%

Max Drawdown (5Y)

Largest decline over 5 years

-25.06%

-26.24%

+1.18%

Max Drawdown (10Y)

Largest decline over 10 years

-42.57%

-40.20%

-2.37%

Current Drawdown

Current decline from peak

-3.25%

-1.61%

-1.64%

Average Drawdown

Average peak-to-trough decline

-17.59%

-11.20%

-6.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.13%

3.17%

+1.96%

Volatility

IYF vs. IYJ - Volatility Comparison

The current volatility for iShares U.S. Financials ETF (IYF) is 4.27%, while iShares U.S. Industrials ETF (IYJ) has a volatility of 5.76%. This indicates that IYF 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.

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Volatility by Period

IYFIYJDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.27%

5.76%

-1.49%

Volatility (6M)

Calculated over the trailing 6-month period

11.12%

12.57%

-1.45%

Volatility (1Y)

Calculated over the trailing 1-year period

14.58%

15.71%

-1.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.04%

18.14%

+0.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.90%

19.91%

+0.99%

IYF vs. IYJ - Expense Ratio Comparison

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

Dividends

IYF vs. IYJ - Dividend Comparison

IYF's dividend yield for the trailing twelve months is around 1.49%, more than IYJ's 0.77% yield.

PositionTTM20252024202320222021202020192018201720162015
IYF
iShares U.S. Financials ETF		1.49%1.32%1.29%1.67%1.86%1.27%1.72%1.64%1.90%1.46%1.67%1.66%
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

IYF 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.

IYJ has higher volatility (5.76%) compared to IYF (4.27%). In terms of maximum drawdown, IYF dropped -79.09% vs IYJ's -61.97%.

On 10-year performance, IYF leads with 13.53% vs 12.54% for IYJ. On fees, IYJ is cheaper at 0.38% per year. On volatility, IYF has been the lower-risk option at 4.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IYF has performed better with a 13.53% return vs 12.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

IYF has the higher dividend yield at 1.49%, compared with 0.77% for IYJ.

IYF is categorized as Financials Equities, while IYJ is Industrials Equities. IYF tracks Dow Jones U.S. Financials Index, while IYJ tracks Dow Jones U.S. Industrials Index. Their fees differ too: 0.42% for IYF and 0.38% for IYJ.

IYJ currently has the higher Sharpe Ratio (0.90 vs 0.84), 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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