IYF vs. XLF
Compare and contrast key facts about iShares U.S. Financials ETF (IYF) and Financial Select Sector SPDR Fund (XLF).
IYF and XLF 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. XLF is a passively managed fund by State Street that tracks the performance of the Financial Select Sector Index. It was launched on Dec 16, 1998. Both IYF and XLF 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 XLF.
Key characteristics
| IYF | XLF | |
|---|---|---|
| YTD Return | 13.10% | 12.60% |
| 1Y Return | 40.16% | 34.75% |
| 3Y Return (Ann) | 7.34% | 5.62% |
| 5Y Return (Ann) | 11.39% | 11.71% |
| 10Y Return (Ann) | 11.13% | 13.71% |
| Sharpe Ratio | 2.89 | 2.73 |
| Daily Std Dev | 13.37% | 12.28% |
| Max Drawdown | -79.09% | -82.43% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IYF and XLF is 0.97, 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. XLF - Performance Comparison
The year-to-date returns for both stocks are quite close, with IYF having a 13.10% return and XLF slightly lower at 12.60%. Over the past 10 years, IYF has underperformed XLF with an annualized return of 11.13%, while XLF has yielded a comparatively higher 13.71% 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. XLF - Expense Ratio Comparison
IYF has a 0.42% expense ratio, which is higher than XLF's 0.13% expense ratio.
Risk-Adjusted Performance
IYF vs. XLF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financials ETF (IYF) and Financial Select Sector SPDR Fund (XLF). 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. XLF - Dividend Comparison
IYF's dividend yield for the trailing twelve months is around 1.45%, less than XLF's 1.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYF iShares U.S. Financials ETF | 1.45% | 1.67% | 1.86% | 1.27% | 1.72% | 1.65% | 1.90% | 1.46% | 1.67% | 1.66% | 1.38% | 1.33% |
XLF Financial Select Sector SPDR Fund | 1.52% | 1.71% | 2.04% | 1.63% | 2.03% | 1.87% | 2.08% | 1.48% | 1.63% | 2.40% | 1.98% | 1.81% |
Drawdowns
IYF vs. XLF - Drawdown Comparison
The maximum IYF drawdown since its inception was -79.09%, roughly equal to the maximum XLF drawdown of -82.43%. Use the drawdown chart below to compare losses from any high point for IYF and XLF. For additional features, visit the drawdowns tool.
Volatility
IYF vs. XLF - Volatility Comparison
iShares U.S. Financials ETF (IYF) has a higher volatility of 3.04% compared to Financial Select Sector SPDR Fund (XLF) at 2.72%. This indicates that IYF's price experiences larger fluctuations and is considered to be riskier than XLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.