IYJ vs. EFIV

Last updated Jun 24, 2026

IYJ (iShares U.S. Industrials ETF) and EFIV (State Street SPDR S&P 500 ESG ETF) are both exchange-traded funds - IYJ is a Industrials Equities fund tracking the Dow Jones U.S. Industrials Index, while EFIV is a S&P 500 fund tracking the S&P 500 ESG Index. Both are passively managed. Over the past 5 years, IYJ returned 8.66%/yr vs 13.94%/yr for EFIV. Their correlation of 0.82 suggests significant overlap in exposure. IYJ charges 0.38%/yr vs 0.10%/yr for EFIV.

Performance

IYJ vs. EFIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Industrials ETF (IYJ) and State Street SPDR S&P 500 ESG ETF (EFIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with IYJ having a 8.41% return and EFIV slightly higher at 8.70%.

IYJ

• 1D: -1.60%
• 1M: 2.69%
• YTD: 8.41%
• 6M: 6.89%
• 1Y: 16.33%
• 3Y*: 17.24%
• 5Y*: 8.66%
• 10Y*: 12.86%

EFIV

• 1D: -1.65%
• 1M: -0.29%
• YTD: 8.70%
• 6M: 8.03%
• 1Y: 27.67%
• 3Y*: 20.78%
• 5Y*: 13.94%
• 10Y*: —

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

IYJ vs. EFIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IYJ iShares U.S. Industrials ETF	8.41%	11.94%	17.82%	19.94%	-13.53%	17.02%	23.41%
EFIV State Street SPDR S&P 500 ESG ETF	8.70%	18.47%	23.80%	27.92%	-17.76%	31.70%	16.38%

Correlation

The correlation between IYJ and EFIV is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jul 28, 2020	0.82

The correlation between IYJ and EFIV shifts across timeframes, from 0.70 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.

IYJ vs. EFIV - Sectors Allocation Comparison

Sectors	IYJ	EFIV
Industrials	69.0%	8.2%
Financial Services	17.0%	12.3%
Technology	7.8%	38.0%
Basic Materials	4.1%	2.0%
Utilities	3.4%	1.4%
Consumer Cyclical	1.6%	5.0%
Healthcare	0.4%	10.6%
Communication Services	-	12.6%
Consumer Defensive	-	5.1%
Energy	-	2.7%
Real Estate	-	2.2%

Return for Risk

IYJ vs. EFIV — Risk / Return Rank

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

IYJ

IYJ Risk / Return Rank: 31
IYJ Sharpe Ratio Rank: 31
IYJ Sortino Ratio Rank: 31
IYJ Omega Ratio Rank: 28
IYJ Calmar Ratio Rank: 30
IYJ Martin Ratio Rank: 36

EFIV

EFIV Risk / Return Rank: 71
EFIV Sharpe Ratio Rank: 74
EFIV Sortino Ratio Rank: 72
EFIV Omega Ratio Rank: 72
EFIV Calmar Ratio Rank: 63
EFIV Martin Ratio Rank: 74

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. EFIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Industrials ETF (IYJ) and State Street SPDR S&P 500 ESG ETF (EFIV). 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.

	IYJ	EFIV	Difference
Sharpe ratio: Return per unit of total volatility	1.05	2.23	-1.18
Sortino ratio: Return per unit of downside risk	1.57	3.05	-1.48
Omega ratio: Gain probability vs. loss probability	1.18	1.40	-0.22
Calmar ratio: Return relative to maximum drawdown	1.44	2.94	-1.50
Martin ratio: Return relative to average drawdown	5.18	13.37	-8.19

IYJ vs. EFIV - Sharpe Ratio Comparison

The current IYJ Sharpe Ratio is 1.05, which is lower than the EFIV Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of IYJ and EFIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IYJ vs. EFIV - Drawdown Comparison

The maximum IYJ drawdown since its inception was -61.97%, which is greater than EFIV's maximum drawdown of -24.52%. Use the drawdown chart below to compare losses from any high point for IYJ and EFIV.

Drawdown Indicators

	IYJ	EFIV	Difference
Max Drawdown Largest peak-to-trough decline	-61.97%	-24.52%	-37.45%
Max Drawdown (1Y) Largest decline over 1 year	-11.39%	-9.44%	-1.95%
Max Drawdown (3Y) Largest decline over 3 years	-19.67%	-19.23%	-0.44%
Max Drawdown (5Y) Largest decline over 5 years	-26.24%	-24.52%	-1.72%
Max Drawdown (10Y) Largest decline over 10 years	-40.20%	—	—
Current Drawdown Current decline from peak	-1.60%	-2.43%	+0.83%
Average Drawdown Average peak-to-trough decline	-11.19%	-4.78%	-6.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	2.07%	+1.09%

Volatility

IYJ vs. EFIV - Volatility Comparison

iShares U.S. Industrials ETF (IYJ) has a higher volatility of 5.66% compared to State Street SPDR S&P 500 ESG ETF (EFIV) at 5.15%. This indicates that IYJ's price experiences larger fluctuations and is considered to be riskier than EFIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYJ	EFIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	5.15%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	12.57%	10.07%	+2.50%
Volatility (1Y) Calculated over the trailing 1-year period	15.69%	12.50%	+3.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.15%	17.04%	+1.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.89%	16.87%	+3.02%

IYJ vs. EFIV - Expense Ratio Comparison

IYJ has a 0.38% expense ratio, which is higher than EFIV's 0.10% expense ratio.

Dividends

IYJ vs. EFIV - Dividend Comparison

IYJ's dividend yield for the trailing twelve months is around 0.73%, less than EFIV's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EFIV State Street SPDR S&P 500 ESG ETF	0.98%	1.03%	1.20%	1.37%	1.64%	1.19%	0.65%	0.00%	0.00%	0.00%	0.00%	0.00%
IYJ iShares U.S. Industrials ETF	0.73%	0.83%	0.88%	1.05%	1.05%	0.76%	1.01%	1.32%	1.43%	1.29%	1.38%	1.53%

Frequently Asked Questions

Can I hold both IYJ and EFIV in my portfolio?

IYJ and EFIV have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYJ or EFIV?

IYJ has higher volatility (5.66%) compared to EFIV (5.15%). In terms of maximum drawdown, IYJ dropped -61.97% vs EFIV's -24.52%.

Which ETF is better, IYJ or EFIV?

On 5-year performance, EFIV leads with 13.94% vs 8.66% for IYJ. On fees, EFIV is cheaper at 0.10% per year. On volatility, EFIV has been the lower-risk option at 5.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYJ or EFIV?

Over the 5-year period, EFIV has performed better with a 13.94% return vs 8.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYJ or EFIV?

EFIV is cheaper with a 0.10% expense ratio, compared with 0.38% for IYJ.

Which ETF pays a higher dividend yield, IYJ or EFIV?

EFIV has the higher dividend yield at 0.98%, compared with 0.73% for IYJ.

What is the main difference between IYJ and EFIV?

IYJ is categorized as Industrials Equities, while EFIV is S&P 500. IYJ tracks Dow Jones U.S. Industrials Index, while EFIV tracks S&P 500 ESG Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.38% for IYJ and 0.10% for EFIV.

Which has better risk-adjusted returns?

EFIV currently has the higher Sharpe Ratio (2.23 vs 1.05), 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.