IYJ vs. IYW
IYJ (iShares U.S. Industrials ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - IYJ is a Industrials Equities fund tracking the Dow Jones U.S. Industrials Index, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past 10 years, IYJ returned 12.54%/yr vs 25.63%/yr for IYW. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.38% expense ratio.
Performance
IYJ vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, IYJ achieves a 7.60% return, which is significantly lower than IYW's 22.66% return. Over the past 10 years, IYJ has underperformed IYW with an annualized return of 12.54%, while IYW has yielded a comparatively higher 25.63% 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%
IYW
- 1D
- 0.61%
- 1M
- 0.73%
- YTD
- 22.66%
- 6M
- 23.40%
- 1Y
- 50.17%
- 3Y*
- 32.06%
- 5Y*
- 21.19%
- 10Y*
- 25.63%
IYJ vs. IYW - 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% |
IYW iShares U.S. Technology ETF | 22.66% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between IYJ and IYW is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2000 | 0.71 |
Over the past year, the correlation between IYJ and IYW has dropped to 0.48 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
IYJ vs. IYW — Risk / Return Rank
IYJ
IYW
IYJ vs. IYW - 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. Technology ETF (IYW). 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 | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.38 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 2.70 | -1.47 |
| Martin ratioReturn relative to average drawdown | 4.44 | 8.68 | -4.24 |
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Drawdowns
IYJ vs. IYW - Drawdown Comparison
The maximum IYJ drawdown since its inception was -61.97%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for IYJ and IYW.
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Drawdown Indicators
| IYJ | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.97% | -81.90% | +19.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -17.81% | +6.42% |
Max Drawdown (3Y)Largest decline over 3 years | -19.67% | -26.47% | +6.80% |
Max Drawdown (5Y)Largest decline over 5 years | -26.24% | -39.44% | +13.20% |
Max Drawdown (10Y)Largest decline over 10 years | -40.20% | -39.44% | -0.76% |
Current DrawdownCurrent decline from peak | -1.61% | -5.81% | +4.20% |
Average DrawdownAverage peak-to-trough decline | -11.20% | -34.62% | +23.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 5.54% | -2.37% |
Volatility
IYJ vs. IYW - Volatility Comparison
The current volatility for iShares U.S. Industrials ETF (IYJ) is 5.76%, while iShares U.S. Technology ETF (IYW) has a volatility of 9.41%. This indicates that IYJ experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYJ | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 9.41% | -3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 12.57% | 17.67% | -5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.71% | 21.47% | -5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.14% | 26.07% | -7.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.91% | 25.20% | -5.29% |
IYJ vs. IYW - Expense Ratio Comparison
Both IYJ and IYW have an expense ratio of 0.38%.
Dividends
IYJ vs. IYW - Dividend Comparison
IYJ's dividend yield for the trailing twelve months is around 0.77%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
Frequently Asked Questions
IYJ and IYW have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (9.41%) compared to IYJ (5.76%). In terms of maximum drawdown, IYJ dropped -61.97% vs IYW's -81.90%.
On 10-year performance, IYW leads with 25.63% vs 12.54% for IYJ. Both ETFs have the same 0.38% expense ratio. On volatility, IYJ has been the lower-risk option at 5.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IYW has performed better with a 25.63% return vs 12.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYJ and IYW have the same expense ratio: 0.38% per year.
IYJ has the higher dividend yield at 0.77%, compared with 0.11% for IYW.
IYJ is categorized as Industrials Equities, while IYW is Technology Equities. IYJ tracks Dow Jones U.S. Industrials Index, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index.
IYW currently has the higher Sharpe Ratio (2.24 vs 0.90), 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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