IYJ vs. EXI

Last updated Aug 2, 2026

IYJ (iShares U.S. Industrials ETF) and EXI (iShares Global Industrials ETF) are both Industrials Equities funds from iShares - IYJ tracks the Dow Jones U.S. Industrials Index while EXI tracks the S&P Global 1200 / Industrials -SEC. Both are passively managed. Over the past 10 years, IYJ returned 12.56%/yr vs 12.52%/yr for EXI. Their correlation of 0.91 means they have usually moved in the same direction. IYJ charges 0.38%/yr vs 0.43%/yr for EXI.

Performance

IYJ vs. EXI - Performance Comparison

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

Returns By Period

In the year-to-date period, IYJ achieves a 10.98% return, which is significantly lower than EXI's 13.74% return. Both investments have delivered pretty close results over the past 10 years, with IYJ having a 12.56% annualized return and EXI not far behind at 12.52%.

IYJ

• 1D: 0.42%
• 1M: -1.57%
• 6M: 6.85%
• YTD: 10.98%
• 1Y: 15.96%
• 3Y*: 15.34%
• 5Y*: 8.82%
• 10Y*: 12.56%
• ALL TIME*: 8.02%

EXI

• 1D: 0.52%
• 1M: -1.08%
• 6M: 6.20%
• YTD: 13.74%
• 1Y: 21.21%
• 3Y*: 18.99%
• 5Y*: 12.03%
• 10Y*: 12.52%
• ALL TIME*: 8.91%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EXI iShares Global Industrials ETF	$7.80M	$7.11M	$10.88M
IYJ iShares U.S. Industrials ETF	$17.87M	$17.26M	$14.22M

IYJ vs. EXI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IYJ iShares U.S. Industrials ETF	10.98%	11.94%	17.82%	19.94%	-13.53%	17.02%	17.37%	32.27%	-11.69%	23.98%
EXI iShares Global Industrials ETF	13.74%	25.88%	12.47%	22.04%	-12.36%	17.37%	11.33%	27.13%	-14.41%	25.16%

Correlation

The correlation between IYJ and EXI is 0.88, 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.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Sep 27, 2006	0.91

The correlation between IYJ and EXI has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

IYJ vs. EXI - Sectors Allocation Comparison

Sectors	IYJ	EXI
Industrials	65.6%	94.4%
Financial Services	17.3%	0.1%
Technology	7.1%	4.1%
Basic Materials	4.5%	0.1%
Utilities	3.3%	2.6%
Consumer Cyclical	1.6%	0.2%
Healthcare	0.4%	-
Consumer Defensive	0.0%	0.1%
Communication Services	-	1.0%
Energy	-	-
Real Estate	-	-

Return for Risk

IYJ vs. EXI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IYJ

IYJ Risk / Return Rank: 36
IYJ Sharpe Ratio Rank: 36
IYJ Sortino Ratio Rank: 35
IYJ Omega Ratio Rank: 33
IYJ Calmar Ratio Rank: 36
IYJ Martin Ratio Rank: 42

EXI

EXI Risk / Return Rank: 48
EXI Sharpe Ratio Rank: 47
EXI Sortino Ratio Rank: 48
EXI Omega Ratio Rank: 47
EXI Calmar Ratio Rank: 45
EXI Martin Ratio Rank: 53

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.

IYJ vs. EXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Industrials ETF (IYJ) and iShares Global Industrials ETF (EXI). 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	EXI	Difference
Sharpe ratio: Return per unit of total volatility	0.88	1.16	-0.28
Sortino ratio: Return per unit of downside risk	1.33	1.72	-0.39
Omega ratio: Gain probability vs. loss probability	1.16	1.21	-0.06
Calmar ratio: Return relative to maximum drawdown	1.24	1.60	-0.36
Martin ratio: Return relative to average drawdown	4.54	6.21	-1.67

IYJ vs. EXI - Sharpe Ratio Comparison

The current IYJ Sharpe Ratio is 0.88, which is comparable to the EXI Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of IYJ and EXI, 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. EXI - Drawdown Comparison

The maximum IYJ drawdown since its inception was -61.97%, roughly equal to the maximum EXI drawdown of -62.60%. Use the drawdown chart below to compare losses from any high point for IYJ and EXI.

Drawdown Indicators

	IYJ	EXI	Difference
Max Drawdown Largest peak-to-trough decline	-61.97%	-62.60%	+0.63%
Max Drawdown (1Y) Largest decline over 1 year	-11.39%	-12.35%	+0.96%
Max Drawdown (3Y) Largest decline over 3 years	-19.67%	-14.38%	-5.29%
Max Drawdown (5Y) Largest decline over 5 years	-26.24%	-27.23%	+0.99%
Max Drawdown (10Y) Largest decline over 10 years	-40.20%	-39.56%	-0.64%
Current Drawdown Current decline from peak	-2.14%	-2.36%	+0.22%
Average Drawdown Average peak-to-trough decline	-11.15%	-9.90%	-1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	3.19%	-0.08%

Volatility

IYJ vs. EXI - Volatility Comparison

The current volatility for iShares U.S. Industrials ETF (IYJ) is 4.40%, while iShares Global Industrials ETF (EXI) has a volatility of 4.87%. This indicates that IYJ experiences smaller price fluctuations and is considered to be less risky than EXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYJ	EXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	4.87%	-0.47%
Volatility (6M) Calculated over the trailing 6-month period	12.69%	14.50%	-1.81%
Volatility (1Y) Calculated over the trailing 1-year period	15.98%	17.01%	-1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.17%	17.17%	+1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.88%	18.36%	+1.52%

IYJ vs. EXI - Expense Ratio Comparison

IYJ has a 0.38% expense ratio, which is lower than EXI's 0.43% expense ratio.

Dividends

IYJ vs. EXI - Dividend Comparison

IYJ's dividend yield for the trailing twelve months is around 0.72%, less than EXI's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXI iShares Global Industrials ETF	1.07%	1.32%	1.47%	1.84%	1.63%	1.42%	1.26%	1.72%	2.21%	1.48%	1.75%	1.95%
IYJ iShares U.S. Industrials ETF	0.72%	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 EXI in my portfolio?

IYJ and EXI have a correlation of 0.88, 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 EXI?

EXI has higher volatility (4.87%) compared to IYJ (4.40%). In terms of maximum drawdown, IYJ dropped -61.97% vs EXI's -62.60%.

Which ETF is better, IYJ or EXI?

On 10-year performance, IYJ leads with 12.56% vs 12.52% for EXI. On fees, IYJ is cheaper at 0.38% per year. On volatility, IYJ has been the lower-risk option at 4.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYJ or EXI?

Over the 10-year period, IYJ has performed better with a 12.56% return vs 12.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYJ or EXI?

IYJ is cheaper with a 0.38% expense ratio, compared with 0.43% for EXI.

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

EXI has the higher dividend yield at 1.07%, compared with 0.72% for IYJ.

What is the main difference between IYJ and EXI?

IYJ tracks Dow Jones U.S. Industrials Index, while EXI tracks S&P Global 1200 / Industrials -SEC. Their fees differ too: 0.38% for IYJ and 0.43% for EXI.

Which has better risk-adjusted returns?

EXI currently has the higher Sharpe Ratio (1.16 vs 0.88), 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.