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IYG vs. TFNS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYG vs. TFNS

Last updated Jun 5, 2026

IYG (iShares U.S. Financial Services ETF) and TFNS (T. Rowe Price Financials ETF) are both Financials Equities funds. IYG is passively managed, while TFNS is actively managed. With a 0.97 correlation, they move nearly in lockstep. IYG charges 0.42%/yr vs 0.44%/yr for TFNS.

Performance

IYG vs. TFNS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Financial Services ETF (IYG) 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

In the year-to-date period, IYG achieves a -3.88% return, which is significantly lower than TFNS's -3.01% return.

IYG

1D
2.82%
1M
1.39%
YTD
-3.88%
6M
-1.63%
1Y
9.20%
3Y*
21.76%
5Y*
8.46%
10Y*
13.56%

TFNS

1D
2.48%
1M
1.06%
YTD
-3.01%
6M
0.12%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYG vs. TFNS - Yearly Performance Comparison

2026 (YTD)2025
IYG
iShares U.S. Financial Services ETF		-3.88%12.58%
TFNS
T. Rowe Price Financials ETF		-3.01%10.41%

Correlation

The correlation between IYG and TFNS is 0.97 - 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

0.97

IYG vs. TFNS - Sectors Allocation Comparison

Sectors
IYG
TFNS

Financial Services

100.0%
97.1%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

0.9%

Real Estate

-

-

Technology

-

1.9%

Utilities

-

-

Financial Services

IYG
100.0%
TFNS
97.1%

Basic Materials

IYG

-

TFNS

-

Communication Services

IYG

-

TFNS

-

Consumer Cyclical

IYG

-

TFNS

-

Consumer Defensive

IYG

-

TFNS

-

Energy

IYG

-

TFNS

-

Healthcare

IYG

-

TFNS

-

Industrials

IYG

-

TFNS
0.9%

Real Estate

IYG

-

TFNS

-

Technology

IYG

-

TFNS
1.9%

Utilities

IYG

-

TFNS

-

Compare stocks, funds, or ETFs

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iShares U.S. Financial Services ETF

T. Rowe Price Financials ETF

Often compared with IYG:
IYG vs. IYFIYG vs. XLFIYG vs. IXGIYG vs. VFHIYG vs. FTXOIYG vs. GABFIYG vs. IYK
Often compared with TFNS:
TFNS vs. PRISXTFNS vs. KBWBTFNS vs. VFHTFNS vs. FNCLTFNS vs. XLFTFNS vs. KBWDTFNS vs. FXO

Return for Risk

IYG vs. TFNS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYG
IYG Risk / Return Rank: 1818
Overall Rank
IYG Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
IYG Sortino Ratio Rank: 1919
Sortino Ratio Rank
IYG Omega Ratio Rank: 1919
Omega Ratio Rank
IYG Calmar Ratio Rank: 1717
Calmar Ratio Rank
IYG Martin Ratio Rank: 1616
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.

IYG vs. TFNS - Risk-Adjusted Trends Comparison

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

IYGTFNSDifference
Sharpe ratioReturn per unit of total volatility
0.59

—

—

Sortino ratioReturn per unit of downside risk
0.89

—

—

Omega ratioGain probability vs. loss probability

1.11

—

—

Calmar ratioReturn relative to maximum drawdown

0.58

—

—

Martin ratioReturn relative to average drawdown

1.51

—

—

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

IYG vs. TFNS - Sharpe Ratio Comparison

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Sharpe Ratios by Period

IYGTFNSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.59

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.42

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.22

0.48

-0.26

Drawdowns

IYG vs. TFNS - Drawdown Comparison

The maximum IYG drawdown since its inception was -81.84%, which is greater than TFNS's maximum drawdown of -14.00%. Use the drawdown chart below to compare losses from any high point for IYG and TFNS.

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Drawdown Indicators

IYGTFNSDifference

Max Drawdown

Largest peak-to-trough decline

-81.84%

-14.00%

-67.84%

Max Drawdown (1Y)

Largest decline over 1 year

-15.90%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-18.54%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-29.62%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-44.32%

—

—

Current Drawdown

Current decline from peak

-7.23%

-5.72%

-1.51%

Average Drawdown

Average peak-to-trough decline

-20.74%

-3.83%

-16.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.11%

—

—

Volatility

IYG vs. TFNS - Volatility Comparison

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Volatility by Period

IYGTFNSDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.41%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

12.10%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

15.65%

15.22%

+0.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.47%

15.22%

+5.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.54%

15.22%

+8.32%

IYG vs. TFNS - Expense Ratio Comparison

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

Dividends

IYG vs. TFNS - Dividend Comparison

IYG's dividend yield for the trailing twelve months is around 1.11%, more than TFNS's 0.51% yield.

PositionTTM20252024202320222021202020192018201720162015
IYG
iShares U.S. Financial Services ETF		1.11%1.00%1.16%1.77%2.07%1.25%1.71%1.59%1.81%1.24%1.28%1.33%
TFNS
T. Rowe Price Financials ETF		0.51%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 0.97, IYG 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, IYG is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

IYG has the higher dividend yield at 1.11%, compared with 0.51% for TFNS.

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

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