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IYF vs. TFNS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYF vs. TFNS

Last updated Jun 4, 2026

IYF (iShares U.S. Financials ETF) and TFNS (T. Rowe Price Financials ETF) are both Financials Equities funds. IYF is passively managed, while TFNS is actively managed. With a 0.96 correlation, they move nearly in lockstep. IYF charges 0.42%/yr vs 0.44%/yr for TFNS.

Performance

IYF vs. TFNS - Performance Comparison

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

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Returns By Period

The year-to-date returns for both stocks are quite close, with IYF having a -5.20% return and TFNS slightly lower at -5.36%.

IYF

1D
-1.13%
1M
-1.00%
YTD
-5.20%
6M
-3.00%
1Y
5.96%
3Y*
20.58%
5Y*
9.52%
10Y*
12.56%

TFNS

1D
-1.39%
1M
-1.27%
YTD
-5.36%
6M
-2.12%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYF vs. TFNS - Yearly Performance Comparison

2026 (YTD)2025
IYF
iShares U.S. Financials ETF		-5.20%12.40%
TFNS
T. Rowe Price Financials ETF		-5.36%10.41%

Correlation

The correlation between IYF and TFNS is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jun 13, 2025

0.96

IYF vs. TFNS - Sectors Allocation Comparison

Sectors
IYF
TFNS

Financial Services

99.0%
97.1%

Real Estate

0.7%

-

Technology

0.3%
1.9%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

0.9%

Utilities

-

-

Financial Services

IYF
99.0%
TFNS
97.1%

Real Estate

IYF
0.7%
TFNS

-

Technology

IYF
0.3%
TFNS
1.9%

Basic Materials

IYF

-

TFNS

-

Communication Services

IYF

-

TFNS

-

Consumer Cyclical

IYF

-

TFNS

-

Consumer Defensive

IYF

-

TFNS

-

Energy

IYF

-

TFNS

-

Healthcare

IYF

-

TFNS

-

Industrials

IYF

-

TFNS
0.9%

Utilities

IYF

-

TFNS

-

Compare stocks, funds, or ETFs

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iShares U.S. Financials ETF

T. Rowe Price Financials ETF

Often compared with IYF:
IYF vs. XLFIYF vs. VFHIYF vs. IYGIYF vs. KBWBIYF vs. IXGIYF vs. KBEIYF vs. FTXO
Often compared with TFNS:
TFNS vs. PRISXTFNS vs. KBWBTFNS vs. VFHTFNS vs. FNCLTFNS vs. XLFTFNS vs. KBWDTFNS vs. FXO

Return for Risk

IYF vs. TFNS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYF
IYF Risk / Return Rank: 1414
Overall Rank
IYF Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
IYF Sortino Ratio Rank: 1414
Sortino Ratio Rank
IYF Omega Ratio Rank: 1414
Omega Ratio Rank
IYF Calmar Ratio Rank: 1414
Calmar Ratio Rank
IYF Martin Ratio Rank: 1414
Martin Ratio Rank
TFNS
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. TFNS - Risk-Adjusted Trends Comparison

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

IYFTFNSDifference
Sharpe ratioReturn per unit of total volatility
0.42

—

—

Sortino ratioReturn per unit of downside risk
0.65

—

—

Omega ratioGain probability vs. loss probability

1.08

—

—

Calmar ratioReturn relative to maximum drawdown

0.43

—

—

Martin ratioReturn relative to average drawdown

1.18

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYF vs. TFNS - Sharpe Ratio Comparison

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Sharpe Ratios by Period

IYFTFNSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.42

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.22

0.31

-0.09

Drawdowns

IYF vs. TFNS - Drawdown Comparison

The maximum IYF drawdown since its inception was -79.09%, which is greater than TFNS's maximum drawdown of -14.00%. Use the drawdown chart below to compare losses from any high point for IYF and TFNS.

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Drawdown Indicators

IYFTFNSDifference

Max Drawdown

Largest peak-to-trough decline

-79.09%

-14.00%

-65.09%

Max Drawdown (1Y)

Largest decline over 1 year

-13.88%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-16.60%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-25.06%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-42.57%

—

—

Current Drawdown

Current decline from peak

-8.10%

-8.00%

-0.10%

Average Drawdown

Average peak-to-trough decline

-17.61%

-3.82%

-13.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.06%

—

—

Volatility

IYF vs. TFNS - Volatility Comparison

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Volatility by Period

IYFTFNSDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.41%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

10.80%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

14.34%

15.04%

-0.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.00%

15.04%

+3.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.89%

15.04%

+5.85%

IYF vs. TFNS - Expense Ratio Comparison

IYF has a 0.42% expense ratio, which is lower than TFNS's 0.44% expense ratio.

Dividends

IYF vs. TFNS - Dividend Comparison

IYF's dividend yield for the trailing twelve months is around 1.57%, more than TFNS's 0.52% yield.

PositionTTM20252024202320222021202020192018201720162015
IYF
iShares U.S. Financials ETF		1.57%1.32%1.29%1.67%1.86%1.27%1.72%1.64%1.90%1.46%1.67%1.66%
TFNS
T. Rowe Price Financials ETF		0.52%0.49%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.96, IYF and TFNS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, IYF is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IYF is cheaper with a 0.42% expense ratio, compared with 0.44% for TFNS.

IYF has the higher dividend yield at 1.57%, compared with 0.52% for TFNS.

They also come from different issuers: iShares and T. Rowe Price. Their fees differ too: 0.42% for IYF and 0.44% for TFNS.

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