IYJ vs. SEA

Last updated Jun 4, 2026

IYJ (iShares U.S. Industrials ETF) and SEA (U.S. Global Sea to Sky Cargo ETF) are both Industrials Equities funds - IYJ tracks the Dow Jones U.S. Industrials Index while SEA tracks the U.S. Global Sea to Sky Cargo Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, IYJ returned 16.95%/yr vs 18.52%/yr for SEA. A 0.55 correlation means they provide meaningful diversification when combined. IYJ charges 0.38%/yr vs 0.60%/yr for SEA.

Performance

IYJ vs. SEA - Performance Comparison

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

Returns By Period

In the year-to-date period, IYJ achieves a 5.81% return, which is significantly lower than SEA's 20.79% return.

IYJ

• 1D: -0.62%
• 1M: 0.44%
• YTD: 5.81%
• 6M: 7.55%
• 1Y: 12.86%
• 3Y*: 16.95%
• 5Y*: 7.87%
• 10Y*: 12.31%

SEA

• 1D: -0.80%
• 1M: 0.23%
• YTD: 20.79%
• 6M: 21.12%
• 1Y: 30.09%
• 3Y*: 18.52%
• 5Y*: —
• 10Y*: —

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

IYJ vs. SEA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IYJ iShares U.S. Industrials ETF	5.81%	11.94%	17.82%	19.94%	-9.18%
SEA U.S. Global Sea to Sky Cargo ETF	20.79%	16.78%	2.52%	19.33%	-17.28%

Correlation

The correlation between IYJ and SEA is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jan 21, 2022	0.55

The correlation between IYJ and SEA has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.

IYJ vs. SEA - Sectors Allocation Comparison

Sectors	IYJ	SEA
Industrials	66.6%	82.7%
Financial Services	17.0%	-
Technology	6.6%	-1.6%
Basic Materials	4.0%	-
Utilities	3.6%	-
Consumer Cyclical	1.7%	-
Healthcare	0.4%	-
Communication Services	-	0.0%
Consumer Defensive	-	-
Energy	-	17.3%
Real Estate	-	-

Return for Risk

IYJ vs. SEA — Risk / Return Rank

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

IYJ

IYJ Risk / Return Rank: 25
IYJ Sharpe Ratio Rank: 24
IYJ Sortino Ratio Rank: 24
IYJ Omega Ratio Rank: 22
IYJ Calmar Ratio Rank: 24
IYJ Martin Ratio Rank: 28

SEA

SEA Risk / Return Rank: 56
SEA Sharpe Ratio Rank: 54
SEA Sortino Ratio Rank: 54
SEA Omega Ratio Rank: 51
SEA Calmar Ratio Rank: 57
SEA Martin Ratio Rank: 64

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. SEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Industrials ETF (IYJ) and U.S. Global Sea to Sky Cargo ETF (SEA). 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.

	IYJ	SEA	Difference
Sharpe ratio Return per unit of total volatility	0.86	1.86	-1.00
Sortino ratio Return per unit of downside risk	1.32	2.62	-1.30
Omega ratio Gain probability vs. loss probability	1.15	1.32	-0.17
Calmar ratio Return relative to maximum drawdown	1.13	2.83	-1.70
Martin ratio Return relative to average drawdown	4.10	11.52	-7.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYJ vs. SEA - Sharpe Ratio Comparison

The current IYJ Sharpe Ratio is 0.86, which is lower than the SEA Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of IYJ and SEA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IYJ	SEA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	1.86	-1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.39	-0.02

Drawdowns

IYJ vs. SEA - Drawdown Comparison

The maximum IYJ drawdown since its inception was -61.97%, which is greater than SEA's maximum drawdown of -39.53%. Use the drawdown chart below to compare losses from any high point for IYJ and SEA.

Drawdown Indicators

	IYJ	SEA	Difference
Max Drawdown Largest peak-to-trough decline	-61.97%	-39.53%	-22.44%
Max Drawdown (1Y) Largest decline over 1 year	-11.39%	-10.67%	-0.72%
Max Drawdown (3Y) Largest decline over 3 years	-19.67%	-32.42%	+12.75%
Max Drawdown (5Y) Largest decline over 5 years	-26.24%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.20%	—	—
Current Drawdown Current decline from peak	-3.24%	-3.07%	-0.17%
Average Drawdown Average peak-to-trough decline	-11.21%	-14.31%	+3.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	2.62%	+0.52%

Volatility

IYJ vs. SEA - Volatility Comparison

The current volatility for iShares U.S. Industrials ETF (IYJ) is 4.05%, while U.S. Global Sea to Sky Cargo ETF (SEA) has a volatility of 5.17%. This indicates that IYJ experiences smaller price fluctuations and is considered to be less risky than SEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYJ	SEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	5.17%	-1.12%
Volatility (6M) Calculated over the trailing 6-month period	11.88%	12.01%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	15.05%	16.28%	-1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.04%	21.67%	-3.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.87%	21.67%	-1.80%

IYJ vs. SEA - Expense Ratio Comparison

IYJ has a 0.38% expense ratio, which is lower than SEA's 0.60% expense ratio.

Dividends

IYJ vs. SEA - Dividend Comparison

IYJ's dividend yield for the trailing twelve months is around 0.78%, less than SEA's 5.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYJ iShares U.S. Industrials ETF	0.78%	0.83%	0.88%	1.05%	1.05%	0.76%	1.01%	1.32%	1.43%	1.29%	1.38%	1.53%
SEA U.S. Global Sea to Sky Cargo ETF	5.59%	6.76%	18.47%	9.85%	18.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IYJ and SEA in my portfolio?

IYJ and SEA have a correlation of 0.53, 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 SEA?

SEA has higher volatility (5.17%) compared to IYJ (4.05%). In terms of maximum drawdown, IYJ dropped -61.97% vs SEA's -39.53%.

Which ETF is better, IYJ or SEA?

On 3-year performance, SEA leads with 18.52% vs 16.95% for IYJ. On fees, IYJ is cheaper at 0.38% per year. On volatility, IYJ has been the lower-risk option at 4.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYJ or SEA?

Over the 3-year period, SEA has performed better with a 18.52% return vs 16.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYJ or SEA?

IYJ is cheaper with a 0.38% expense ratio, compared with 0.60% for SEA.

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

SEA has the higher dividend yield at 5.59%, compared with 0.78% for IYJ.

What is the main difference between IYJ and SEA?

IYJ tracks Dow Jones U.S. Industrials Index, while SEA tracks U.S. Global Sea to Sky Cargo Index - Benchmark TR Gross. They also come from different issuers: iShares and US Global. Their fees differ too: 0.38% for IYJ and 0.60% for SEA.

Which has better risk-adjusted returns?

SEA currently has the higher Sharpe Ratio (1.86 vs 0.86), 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.