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IYG vs. IXG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYG vs. IXG

Last updated Aug 2, 2026
Documentation

IYG (iShares U.S. Financial Services ETF) and IXG (iShares Global Financials ETF) are both Financials Equities funds from iShares - IYG tracks the Dow Jones U.S. Financial Services TR while IXG tracks the S&P Global 1200 Financials (Sector) Capped Index. Both are passively managed. Over the past 10 years, IYG returned 14.87%/yr vs 13.37%/yr for IXG. Their correlation of 0.85 means they have usually moved in the same direction. IYG charges 0.42%/yr vs 0.41%/yr for IXG.

Performance

IYG vs. IXG - Performance Comparison

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

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Returns By Period

In the year-to-date period, IYG achieves a 4.15% return, which is significantly lower than IXG's 11.68% return. Over the past 10 years, IYG has outperformed IXG with an annualized return of 14.87%, while IXG has yielded a comparatively lower 13.37% annualized return.

IYG

1D
0.06%
1M
2.30%
6M
6.42%
YTD
4.15%
1Y
13.26%
3Y*
21.07%
5Y*
10.69%
10Y*
14.87%
ALL TIME*
6.68%

IXG

1D
-0.14%
1M
4.09%
6M
10.83%
YTD
11.68%
1Y
24.21%
3Y*
24.33%
5Y*
14.80%
10Y*
13.37%
ALL TIME*
6.42%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IXG

iShares Global Financials ETF
$8.21M$10.00M$5.85M

IYG

iShares U.S. Financial Services ETF
$7.83M$11.59M$10.10M

IYG vs. IXG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IYG
iShares U.S. Financial Services ETF		4.15%19.85%31.94%16.07%-16.76%30.36%0.99%37.62%-12.56%24.47%
IXG
iShares Global Financials ETF		11.68%28.54%25.69%14.97%-8.97%25.07%-2.99%24.60%-16.33%23.78%

Correlation

The correlation between IYG and IXG is 0.89, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.89

Correlation (3Y)
Balances recent behavior with more history.

0.90

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.93

Correlation (10Y)
Provides a long-term view across more market conditions.

0.92

Correlation (All Time)
Calculated using the full available price history since Nov 26, 2001

0.85

The correlation between IYG and IXG has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.

IYG vs. IXG - Sectors Allocation Comparison

Sectors
IYG
IXG

Financial Services

100.0%
98.4%

Technology

0.0%
1.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

0.0%

Consumer Defensive

-

-

Energy

-

0.1%

Healthcare

-

0.1%

Industrials

-

0.1%

Real Estate

-

-

Utilities

-

-

Financial Services

IYG
100.0%
IXG
98.4%

Technology

IYG
0.0%
IXG
1.0%

Basic Materials

IYG

-

IXG

-

Communication Services

IYG

-

IXG

-

Consumer Cyclical

IYG

-

IXG
0.0%

Consumer Defensive

IYG

-

IXG

-

Energy

IYG

-

IXG
0.1%

Healthcare

IYG

-

IXG
0.1%

Industrials

IYG

-

IXG
0.1%

Real Estate

IYG

-

IXG

-

Utilities

IYG

-

IXG

-

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. Financial Services ETF

iShares Global Financials ETF

Often compared with IYG:
IYG vs. IYFIYG vs. XLFIYG vs. VFHIYG vs. FTXOIYG vs. GABFIYG vs. IYKIYG vs. FPE
Often compared with IXG:
IXG vs. XLFIXG vs. IYFIXG vs. VFHIXG vs. FXOIXG vs. WFIN.ASIXG vs. KBWBIXG vs. SPY

Return for Risk

IYG vs. IXG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IYG
IYG Risk / Return Rank: 2626
Overall Rank
IYG Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
IYG Sortino Ratio Rank: 2727
Sortino Ratio Rank
IYG Omega Ratio Rank: 2828
Omega Ratio Rank
IYG Calmar Ratio Rank: 2323
Calmar Ratio Rank
IYG Martin Ratio Rank: 2424
Martin Ratio Rank
IXG
IXG Risk / Return Rank: 6565
Overall Rank
IXG Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
IXG Sortino Ratio Rank: 7272
Sortino Ratio Rank
IXG Omega Ratio Rank: 6565
Omega Ratio Rank
IXG Calmar Ratio Rank: 5757
Calmar Ratio Rank
IXG Martin Ratio Rank: 6060
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IYG vs. IXG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financial Services ETF (IYG) 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.

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.

IYGIXGDifference
Sharpe ratioReturn per unit of total volatility
0.70
1.60

-0.91

Sortino ratioReturn per unit of downside risk
1.03
2.32

-1.29

Omega ratioGain probability vs. loss probability

1.13

1.27

-0.14

Calmar ratioReturn relative to maximum drawdown

0.69

2.00

-1.30

Martin ratioReturn relative to average drawdown

1.76

7.09

-5.33

IYG vs. IXG - Sharpe Ratio Comparison

The current IYG Sharpe Ratio is 0.70, which is lower than the IXG Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of IYG and IXG, 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

IYG vs. IXG - Drawdown Comparison

The maximum IYG drawdown since its inception was -81.84%, roughly equal to the maximum IXG drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for IYG and IXG.

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Drawdown Indicators

IYGIXGDifference

Max Drawdown

Largest peak-to-trough decline

-81.84%

-78.42%

-3.42%

Max Drawdown (1Y)

Largest decline over 1 year

-15.90%

-11.33%

-4.57%

Max Drawdown (3Y)

Largest decline over 3 years

-18.54%

-13.54%

-5.00%

Max Drawdown (5Y)

Largest decline over 5 years

-29.62%

-27.20%

-2.42%

Max Drawdown (10Y)

Largest decline over 10 years

-44.32%

-43.47%

-0.85%

Current Drawdown

Current decline from peak

-0.80%

-0.14%

-0.66%

Average Drawdown

Average peak-to-trough decline

-20.64%

-19.63%

-1.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.25%

3.19%

+3.06%

Volatility

IYG vs. IXG - Volatility Comparison

iShares U.S. Financial Services ETF (IYG) has a higher volatility of 4.59% compared to iShares Global Financials ETF (IXG) at 4.23%. This indicates that IYG'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.

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Volatility by Period

IYGIXGDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.59%

4.23%

+0.36%

Volatility (6M)

Calculated over the trailing 6-month period

12.00%

11.49%

+0.51%

Volatility (1Y)

Calculated over the trailing 1-year period

15.86%

14.12%

+1.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.33%

17.25%

+3.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.39%

19.87%

+3.52%

IYG vs. IXG - Expense Ratio Comparison

IYG has a 0.42% expense ratio, which is higher than IXG's 0.41% expense ratio.

Dividends

IYG vs. IXG - Dividend Comparison

IYG's dividend yield for the trailing twelve months is around 1.03%, less than IXG's 2.13% yield.

PositionTTM20252024202320222021202020192018201720162015
IXG
iShares Global Financials ETF		2.13%2.04%2.64%2.62%3.71%1.69%2.13%2.87%3.14%2.12%2.21%2.79%
IYG
iShares U.S. Financial Services ETF		1.03%1.00%1.16%1.77%2.07%1.25%1.71%1.59%1.81%1.24%1.28%1.33%

Frequently Asked Questions

IYG and IXG have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IYG has higher volatility (4.59%) compared to IXG (4.23%). In terms of maximum drawdown, IYG dropped -81.84% vs IXG's -78.42%.

On 10-year performance, IYG leads with 14.87% vs 13.37% for IXG. On fees, IXG is cheaper at 0.41% per year. On volatility, IXG has been the lower-risk option at 4.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IYG has performed better with a 14.87% return vs 13.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IXG is cheaper with a 0.41% expense ratio, compared with 0.42% for IYG.

IXG has the higher dividend yield at 2.13%, compared with 1.03% for IYG.

IYG tracks Dow Jones U.S. Financial Services TR, while IXG tracks S&P Global 1200 Financials (Sector) Capped Index. Their fees differ too: 0.42% for IYG and 0.41% for IXG.

IXG currently has the higher Sharpe Ratio (1.60 vs 0.70), 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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