IYJ vs. CP

Last updated Apr 2, 2026

Compare and contrast key facts about iShares U.S. Industrials ETF (IYJ) and Canadian Pacific Railway Limited (CP).

IYJ is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Industrials Index. It was launched on Jul 14, 2000.

Performance

IYJ vs. CP - Performance Comparison

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

IYJ vs. CP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IYJ iShares U.S. Industrials ETF	0.88%	11.94%	17.82%	19.94%	-13.53%	17.02%	17.37%	32.27%	-11.69%	23.98%
CP Canadian Pacific Railway Limited	6.18%	2.60%	-7.84%	6.85%	4.71%	4.64%	37.33%	45.04%	-1.81%	29.32%

Returns By Period

In the year-to-date period, IYJ achieves a 0.88% return, which is significantly lower than CP's 6.18% return. Both investments have delivered pretty close results over the past 10 years, with IYJ having a 12.01% annualized return and CP not far ahead at 12.48%.

IYJ

• 1D: 1.13%
• 1M: -7.76%
• YTD: 0.88%
• 6M: 2.65%
• 1Y: 14.98%
• 3Y*: 15.29%
• 5Y*: 8.00%
• 10Y*: 12.01%

CP

• 1D: -0.81%
• 1M: -12.54%
• YTD: 6.18%
• 6M: 4.72%
• 1Y: 10.77%
• 3Y*: 1.26%
• 5Y*: 1.09%
• 10Y*: 12.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

IYJ vs. CP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IYJ

IYJ Risk / Return Rank: 41
IYJ Sharpe Ratio Rank: 38
IYJ Sortino Ratio Rank: 40
IYJ Omega Ratio Rank: 38
IYJ Calmar Ratio Rank: 44
IYJ Martin Ratio Rank: 45

CP

CP Risk / Return Rank: 54
CP Sharpe Ratio Rank: 57
CP Sortino Ratio Rank: 52
CP Omega Ratio Rank: 48
CP Calmar Ratio Rank: 58
CP Martin Ratio Rank: 56

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.

IYJ vs. CP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Industrials ETF (IYJ) and Canadian Pacific Railway Limited (CP). 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.

	IYJ	CP	Difference
Sharpe ratio Return per unit of total volatility	0.76	0.45	+0.31
Sortino ratio Return per unit of downside risk	1.19	0.90	+0.29
Omega ratio Gain probability vs. loss probability	1.16	1.10	+0.06
Calmar ratio Return relative to maximum drawdown	1.21	0.74	+0.47
Martin ratio Return relative to average drawdown	4.57	1.48	+3.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYJ vs. CP - Sharpe Ratio Comparison

The current IYJ Sharpe Ratio is 0.76, which is higher than the CP Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of IYJ and CP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IYJ	CP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	0.45	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.05	+0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.49	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.33	+0.03

Correlation

The correlation between IYJ and CP is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IYJ vs. CP - Dividend Comparison

IYJ's dividend yield for the trailing twelve months is around 0.82%, less than CP's 0.85% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYJ iShares U.S. Industrials ETF	0.82%	0.83%	0.88%	1.05%	1.05%	0.76%	1.01%	1.32%	1.43%	1.29%	1.38%	1.53%
CP Canadian Pacific Railway Limited	0.85%	0.86%	0.76%	0.78%	0.96%	0.84%	0.76%	0.93%	1.07%	0.92%	0.98%	0.98%

Drawdowns

IYJ vs. CP - Drawdown Comparison

The maximum IYJ drawdown since its inception was -61.97%, smaller than the maximum CP drawdown of -69.17%. Use the drawdown chart below to compare losses from any high point for IYJ and CP.

Drawdown Indicators

	IYJ	CP	Difference
Max Drawdown Largest peak-to-trough decline	-61.97%	-69.17%	+7.20%
Max Drawdown (1Y) Largest decline over 1 year	-12.83%	-16.23%	+3.40%
Max Drawdown (5Y) Largest decline over 5 years	-26.24%	-25.88%	-0.36%
Max Drawdown (10Y) Largest decline over 10 years	-40.20%	-33.70%	-6.50%
Current Drawdown Current decline from peak	-7.76%	-13.14%	+5.38%
Average Drawdown Average peak-to-trough decline	-11.27%	-20.36%	+9.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	8.18%	-4.77%

Volatility

IYJ vs. CP - Volatility Comparison

iShares U.S. Industrials ETF (IYJ) has a higher volatility of 6.10% compared to Canadian Pacific Railway Limited (CP) at 5.65%. This indicates that IYJ's price experiences larger fluctuations and is considered to be riskier than CP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYJ	CP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.10%	5.65%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	11.54%	16.18%	-4.64%
Volatility (1Y) Calculated over the trailing 1-year period	19.71%	23.96%	-4.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.94%	24.31%	-6.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.81%	25.63%	-5.82%