IYJ vs. IYC

Last updated Jun 14, 2026

IYJ (iShares U.S. Industrials ETF) and IYC (iShares U.S. Consumer Discretionary ETF) are both exchange-traded funds - IYJ is a Industrials Equities fund tracking the Dow Jones U.S. Industrials Index, while IYC is a Consumer Discretionary Equities fund tracking the Dow Jones U.S. Consumer Services Index. Both are passively managed. Over the past 10 years, IYJ returned 12.54%/yr vs 11.83%/yr for IYC. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.38% expense ratio.

Performance

IYJ vs. IYC - Performance Comparison

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

Returns By Period

In the year-to-date period, IYJ achieves a 7.60% return, which is significantly higher than IYC's -1.40% return. Over the past 10 years, IYJ has outperformed IYC with an annualized return of 12.54%, while IYC has yielded a comparatively lower 11.83% annualized return.

IYJ

• 1D: 0.68%
• 1M: 1.18%
• YTD: 7.60%
• 6M: 6.77%
• 1Y: 16.22%
• 3Y*: 16.65%
• 5Y*: 8.44%
• 10Y*: 12.54%

IYC

• 1D: 0.16%
• 1M: -0.02%
• YTD: -1.40%
• 6M: -2.54%
• 1Y: 6.51%
• 3Y*: 14.17%
• 5Y*: 6.41%
• 10Y*: 11.83%

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

IYJ vs. IYC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IYJ iShares U.S. Industrials ETF	7.60%	11.94%	17.82%	19.94%	-13.53%	17.02%	17.37%	32.27%	-11.69%	23.98%
IYC iShares U.S. Consumer Discretionary ETF	-1.40%	7.85%	27.54%	34.03%	-31.78%	19.65%	24.58%	27.36%	1.76%	19.87%

Correlation

The correlation between IYJ and IYC is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jul 14, 2000	0.81

The correlation between IYJ and IYC has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.

IYJ vs. IYC - Sectors Allocation Comparison

Sectors	IYJ	IYC
Industrials	69.0%	3.5%
Financial Services	17.0%	-
Technology	7.8%	3.7%
Basic Materials	4.1%	-
Utilities	3.4%	-
Consumer Cyclical	1.6%	67.4%
Healthcare	0.4%	-
Communication Services	-	13.6%
Consumer Defensive	-	11.4%
Energy	-	0.1%
Real Estate	-	-

Return for Risk

IYJ vs. IYC — Risk / Return Rank

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

IYJ

IYJ Risk / Return Rank: 29
IYJ Sharpe Ratio Rank: 28
IYJ Sortino Ratio Rank: 28
IYJ Omega Ratio Rank: 25
IYJ Calmar Ratio Rank: 28
IYJ Martin Ratio Rank: 33

IYC

IYC Risk / Return Rank: 15
IYC Sharpe Ratio Rank: 16
IYC Sortino Ratio Rank: 15
IYC Omega Ratio Rank: 14
IYC Calmar Ratio Rank: 15
IYC Martin Ratio Rank: 16

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. IYC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Industrials ETF (IYJ) and iShares U.S. Consumer Discretionary ETF (IYC). 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	IYC	Difference
Sharpe ratio: Return per unit of total volatility	0.90	0.36	+0.53
Sortino ratio: Return per unit of downside risk	1.37	0.62	+0.75
Omega ratio: Gain probability vs. loss probability	1.16	1.07	+0.09
Calmar ratio: Return relative to maximum drawdown	1.24	0.44	+0.80
Martin ratio: Return relative to average drawdown	4.44	1.28	+3.16

IYJ vs. IYC - Sharpe Ratio Comparison

The current IYJ Sharpe Ratio is 0.90, which is higher than the IYC Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of IYJ and IYC, 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. IYC - Drawdown Comparison

The maximum IYJ drawdown since its inception was -61.97%, which is greater than IYC's maximum drawdown of -53.10%. Use the drawdown chart below to compare losses from any high point for IYJ and IYC.

Drawdown Indicators

	IYJ	IYC	Difference
Max Drawdown Largest peak-to-trough decline	-61.97%	-53.10%	-8.87%
Max Drawdown (1Y) Largest decline over 1 year	-11.39%	-11.97%	+0.58%
Max Drawdown (3Y) Largest decline over 3 years	-19.67%	-21.62%	+1.95%
Max Drawdown (5Y) Largest decline over 5 years	-26.24%	-35.90%	+9.66%
Max Drawdown (10Y) Largest decline over 10 years	-40.20%	-35.90%	-4.30%
Current Drawdown Current decline from peak	-1.61%	-5.12%	+3.51%
Average Drawdown Average peak-to-trough decline	-11.20%	-9.95%	-1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	4.08%	-0.91%

Volatility

IYJ vs. IYC - Volatility Comparison

iShares U.S. Industrials ETF (IYJ) has a higher volatility of 5.76% compared to iShares U.S. Consumer Discretionary ETF (IYC) at 4.33%. This indicates that IYJ's price experiences larger fluctuations and is considered to be riskier than IYC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYJ	IYC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.76%	4.33%	+1.43%
Volatility (6M) Calculated over the trailing 6-month period	12.57%	10.74%	+1.83%
Volatility (1Y) Calculated over the trailing 1-year period	15.71%	14.44%	+1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.14%	20.74%	-2.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	19.90%	+0.01%

IYJ vs. IYC - Expense Ratio Comparison

Both IYJ and IYC have an expense ratio of 0.38%.

Dividends

IYJ vs. IYC - Dividend Comparison

IYJ's dividend yield for the trailing twelve months is around 0.77%, more than IYC's 0.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYC iShares U.S. Consumer Discretionary ETF	0.50%	0.51%	0.47%	0.68%	0.68%	0.39%	0.65%	0.89%	0.90%	0.92%	1.10%	1.03%
IYJ iShares U.S. Industrials ETF	0.77%	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 IYC in my portfolio?

IYJ and IYC have a correlation of 0.73, 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 IYC?

IYJ has higher volatility (5.76%) compared to IYC (4.33%). In terms of maximum drawdown, IYJ dropped -61.97% vs IYC's -53.10%.

Which ETF is better, IYJ or IYC?

On 10-year performance, IYJ leads with 12.54% vs 11.83% for IYC. Both ETFs have the same 0.38% expense ratio. On volatility, IYC has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYJ or IYC?

Over the 10-year period, IYJ has performed better with a 12.54% return vs 11.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYJ or IYC?

IYJ and IYC have the same expense ratio: 0.38% per year.

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

IYJ has the higher dividend yield at 0.77%, compared with 0.50% for IYC.

What is the main difference between IYJ and IYC?

IYJ is categorized as Industrials Equities, while IYC is Consumer Discretionary Equities. IYJ tracks Dow Jones U.S. Industrials Index, while IYC tracks Dow Jones U.S. Consumer Services Index.

Which has better risk-adjusted returns?

IYJ currently has the higher Sharpe Ratio (0.90 vs 0.36), 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.