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IYJ vs. IYF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYJ vs. IYF

Last updated Jun 14, 2026

IYJ (iShares U.S. Industrials ETF) and IYF (iShares U.S. Financials ETF) are both exchange-traded funds - IYJ is a Industrials Equities fund tracking the Dow Jones U.S. Industrials Index, while IYF is a Financials Equities fund tracking the Dow Jones U.S. Financials Index. Both are passively managed. Over the past 10 years, IYJ returned 12.54%/yr vs 13.53%/yr for IYF. A 0.80 correlation means they provide meaningful diversification when combined. IYJ charges 0.38%/yr vs 0.42%/yr for IYF.

Performance

IYJ vs. IYF - 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. Financials ETF (IYF). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IYJ achieves a 7.60% return, which is significantly higher than IYF's -0.19% return. Over the past 10 years, IYJ has underperformed IYF with an annualized return of 12.54%, while IYF has yielded a comparatively higher 13.53% 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%

IYF

1D
1.38%
1M
4.53%
YTD
-0.19%
6M
-0.21%
1Y
13.73%
3Y*
21.71%
5Y*
10.87%
10Y*
13.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYJ vs. IYF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IYF
iShares U.S. Financials ETF		-0.19%18.25%31.30%15.32%-11.33%31.60%-1.00%31.86%-9.39%19.58%

Correlation

The correlation between IYJ and IYF 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

0.78

Correlation (5Y)
Calculated over the trailing 5-year period

0.83

Correlation (10Y)
Calculated over the trailing 10-year period

0.82

Correlation (All Time)
Calculated using the full available price history since Jul 14, 2000

0.80

The correlation between IYJ and IYF has been stable across timeframes, ranging from 0.73 to 0.83 - a consistent structural relationship.

IYJ vs. IYF - Sectors Allocation Comparison

Sectors
IYJ
IYF

Industrials

69.0%

-

Financial Services

17.0%
99.1%

Technology

7.8%
0.3%

Basic Materials

4.1%

-

Utilities

3.4%

-

Consumer Cyclical

1.6%

-

Healthcare

0.4%

-

Communication Services

-

-

Consumer Defensive

-

-

Energy

-

-

Real Estate

-

0.6%

Industrials

IYJ
69.0%
IYF

-

Financial Services

IYJ
17.0%
IYF
99.1%

Technology

IYJ
7.8%
IYF
0.3%

Basic Materials

IYJ
4.1%
IYF

-

Utilities

IYJ
3.4%
IYF

-

Consumer Cyclical

IYJ
1.6%
IYF

-

Healthcare

IYJ
0.4%
IYF

-

Communication Services

IYJ

-

IYF

-

Consumer Defensive

IYJ

-

IYF

-

Energy

IYJ

-

IYF

-

Real Estate

IYJ

-

IYF
0.6%

Compare stocks, funds, or ETFs

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iShares U.S. Industrials ETF

iShares U.S. Financials ETF

Often compared with IYJ:
IYJ vs. XLIIYJ vs. VISIYJ vs. EXIIYJ vs. FXRIYJ vs. EFIVIYJ vs. IYKIYJ vs. FXAIX
Often compared with IYF:
IYF vs. XLFIYF vs. VFHIYF vs. IYGIYF vs. KBWBIYF vs. IXGIYF vs. KBEIYF vs. FTXO

Return for Risk

IYJ vs. IYF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYJ
IYJ Risk / Return Rank: 2929
Overall Rank
IYJ Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
IYJ Sortino Ratio Rank: 2828
Sortino Ratio Rank
IYJ Omega Ratio Rank: 2525
Omega Ratio Rank
IYJ Calmar Ratio Rank: 2828
Calmar Ratio Rank
IYJ Martin Ratio Rank: 3333
Martin Ratio Rank
IYF
IYF Risk / Return Rank: 2424
Overall Rank
IYF Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
IYF Sortino Ratio Rank: 2525
Sortino Ratio Rank
IYF Omega Ratio Rank: 2525
Omega Ratio Rank
IYF Calmar Ratio Rank: 2222
Calmar Ratio Rank
IYF Martin Ratio Rank: 2222
Martin Ratio Rank
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. IYF - 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. Financials ETF (IYF). 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.

IYJIYFDifference
Sharpe ratioReturn per unit of total volatility
0.90
0.84

+0.06

Sortino ratioReturn per unit of downside risk
1.37
1.21

+0.16

Omega ratioGain probability vs. loss probability

1.16

1.15

+0.01

Calmar ratioReturn relative to maximum drawdown

1.24

0.88

+0.35

Martin ratioReturn relative to average drawdown

4.44

2.38

+2.06

IYJ vs. IYF - Sharpe Ratio Comparison

The current IYJ Sharpe Ratio is 0.90, which is comparable to the IYF Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of IYJ and IYF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IYJ vs. IYF - Drawdown Comparison

The maximum IYJ drawdown since its inception was -61.97%, smaller than the maximum IYF drawdown of -79.09%. Use the drawdown chart below to compare losses from any high point for IYJ and IYF.

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Drawdown Indicators

IYJIYFDifference

Max Drawdown

Largest peak-to-trough decline

-61.97%

-79.09%

+17.12%

Max Drawdown (1Y)

Largest decline over 1 year

-11.39%

-13.88%

+2.49%

Max Drawdown (3Y)

Largest decline over 3 years

-19.67%

-16.60%

-3.07%

Max Drawdown (5Y)

Largest decline over 5 years

-26.24%

-25.06%

-1.18%

Max Drawdown (10Y)

Largest decline over 10 years

-40.20%

-42.57%

+2.37%

Current Drawdown

Current decline from peak

-1.61%

-3.25%

+1.64%

Average Drawdown

Average peak-to-trough decline

-11.20%

-17.59%

+6.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.17%

5.13%

-1.96%

Volatility

IYJ vs. IYF - Volatility Comparison

iShares U.S. Industrials ETF (IYJ) has a higher volatility of 5.76% compared to iShares U.S. Financials ETF (IYF) at 4.27%. This indicates that IYJ's price experiences larger fluctuations and is considered to be riskier than IYF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IYJIYFDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.76%

4.27%

+1.49%

Volatility (6M)

Calculated over the trailing 6-month period

12.57%

11.12%

+1.45%

Volatility (1Y)

Calculated over the trailing 1-year period

15.71%

14.58%

+1.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.14%

19.04%

-0.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.91%

20.90%

-0.99%

IYJ vs. IYF - Expense Ratio Comparison

IYJ has a 0.38% expense ratio, which is lower than IYF's 0.42% expense ratio.

Dividends

IYJ vs. IYF - Dividend Comparison

IYJ's dividend yield for the trailing twelve months is around 0.77%, less than IYF's 1.49% yield.

PositionTTM20252024202320222021202020192018201720162015
IYF
iShares U.S. Financials ETF		1.49%1.32%1.29%1.67%1.86%1.27%1.72%1.64%1.90%1.46%1.67%1.66%
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

IYJ and IYF 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.

IYJ has higher volatility (5.76%) compared to IYF (4.27%). In terms of maximum drawdown, IYJ dropped -61.97% vs IYF's -79.09%.

On 10-year performance, IYF leads with 13.53% vs 12.54% for IYJ. On fees, IYJ is cheaper at 0.38% per year. On volatility, IYF has been the lower-risk option at 4.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IYF has performed better with a 13.53% return vs 12.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IYJ is cheaper with a 0.38% expense ratio, compared with 0.42% for IYF.

IYF has the higher dividend yield at 1.49%, compared with 0.77% for IYJ.

IYJ is categorized as Industrials Equities, while IYF is Financials Equities. IYJ tracks Dow Jones U.S. Industrials Index, while IYF tracks Dow Jones U.S. Financials Index. Their fees differ too: 0.38% for IYJ and 0.42% for IYF.

IYJ currently has the higher Sharpe Ratio (0.90 vs 0.84), 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.

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