IYLD vs. MFUL

Last updated Jun 4, 2026

IYLD (iShares Morningstar Multi-Asset Income ETF) and MFUL (Mindful Conservative ETF) are both Diversified Portfolio funds. IYLD is passively managed, while MFUL is actively managed. Over the past 3 years, IYLD returned 10.59%/yr vs 4.96%/yr for MFUL. A 0.59 correlation means they provide meaningful diversification when combined. IYLD charges 0.60%/yr vs 1.10%/yr for MFUL.

Performance

IYLD vs. MFUL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Multi-Asset Income ETF (IYLD) and Mindful Conservative ETF (MFUL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IYLD achieves a 4.95% return, which is significantly higher than MFUL's 3.28% return.

IYLD

• 1D: -0.20%
• 1M: 1.01%
• YTD: 4.95%
• 6M: 5.45%
• 1Y: 14.02%
• 3Y*: 10.59%
• 5Y*: 3.36%
• 10Y*: 4.00%

MFUL

• 1D: -0.28%
• 1M: 1.45%
• YTD: 3.28%
• 6M: 3.33%
• 1Y: 7.13%
• 3Y*: 4.96%
• 5Y*: —
• 10Y*: —

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

IYLD vs. MFUL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IYLD iShares Morningstar Multi-Asset Income ETF	4.95%	15.44%	2.00%	12.55%	-16.80%	0.65%
MFUL Mindful Conservative ETF	3.28%	4.51%	5.36%	2.24%	-12.46%	-1.61%

Correlation

The correlation between IYLD and MFUL is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Nov 4, 2021	0.59

The correlation between IYLD and MFUL shifts across timeframes, from 0.59 (all time) to 0.76 (1 year), reflecting how their relationship changes across market environments.

IYLD vs. MFUL - Sectors Allocation Comparison

Sectors	IYLD	MFUL
Financial Services	23.3%	10.7%
Real Estate	23.1%	2.4%
Industrials	12.2%	9.9%
Technology	6.3%	25.8%
Utilities	6.0%	5.5%
Consumer Cyclical	5.9%	8.7%
Basic Materials	5.9%	5.5%
Healthcare	5.2%	8.4%
Consumer Defensive	4.7%	6.7%
Communication Services	3.8%	8.4%
Energy	3.6%	8.0%

Return for Risk

IYLD vs. MFUL — Risk / Return Rank

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

IYLD

IYLD Risk / Return Rank: 72
IYLD Sharpe Ratio Rank: 75
IYLD Sortino Ratio Rank: 81
IYLD Omega Ratio Rank: 78
IYLD Calmar Ratio Rank: 61
IYLD Martin Ratio Rank: 64

MFUL

MFUL Risk / Return Rank: 52
MFUL Sharpe Ratio Rank: 54
MFUL Sortino Ratio Rank: 54
MFUL Omega Ratio Rank: 58
MFUL Calmar Ratio Rank: 43
MFUL Martin Ratio Rank: 50

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.

IYLD vs. MFUL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Multi-Asset Income ETF (IYLD) and Mindful Conservative ETF (MFUL). 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.

	IYLD	MFUL	Difference
Sharpe ratio Return per unit of total volatility	2.46	1.82	+0.63
Sortino ratio Return per unit of downside risk	3.65	2.59	+1.06
Omega ratio Gain probability vs. loss probability	1.47	1.35	+0.12
Calmar ratio Return relative to maximum drawdown	3.04	2.13	+0.91
Martin ratio Return relative to average drawdown	11.80	8.24	+3.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYLD vs. MFUL - Sharpe Ratio Comparison

The current IYLD Sharpe Ratio is 2.46, which is higher than the MFUL Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of IYLD and MFUL, 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

	IYLD	MFUL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	1.82	+0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.01	+0.49

Drawdowns

IYLD vs. MFUL - Drawdown Comparison

The maximum IYLD drawdown since its inception was -30.23%, which is greater than MFUL's maximum drawdown of -16.41%. Use the drawdown chart below to compare losses from any high point for IYLD and MFUL.

Drawdown Indicators

	IYLD	MFUL	Difference
Max Drawdown Largest peak-to-trough decline	-30.23%	-16.41%	-13.82%
Max Drawdown (1Y) Largest decline over 1 year	-4.63%	-3.36%	-1.27%
Max Drawdown (3Y) Largest decline over 3 years	-5.20%	-4.74%	-0.46%
Max Drawdown (5Y) Largest decline over 5 years	-22.57%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.23%	—	—
Current Drawdown Current decline from peak	-0.55%	-0.46%	-0.09%
Average Drawdown Average peak-to-trough decline	-4.53%	-9.50%	+4.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.19%	0.87%	+0.32%

Volatility

IYLD vs. MFUL - Volatility Comparison

iShares Morningstar Multi-Asset Income ETF (IYLD) and Mindful Conservative ETF (MFUL) have volatilities of 1.53% and 1.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYLD	MFUL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.53%	1.46%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	4.72%	3.23%	+1.49%
Volatility (1Y) Calculated over the trailing 1-year period	5.73%	3.93%	+1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.86%	4.24%	+3.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.58%	4.24%	+5.34%

IYLD vs. MFUL - Expense Ratio Comparison

IYLD has a 0.60% expense ratio, which is lower than MFUL's 1.10% expense ratio.

Dividends

IYLD vs. MFUL - Dividend Comparison

IYLD's dividend yield for the trailing twelve months is around 4.61%, more than MFUL's 3.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYLD iShares Morningstar Multi-Asset Income ETF	4.61%	4.72%	5.32%	5.76%	5.45%	3.47%	4.38%	5.25%	5.78%	4.22%	4.84%	5.26%
MFUL Mindful Conservative ETF	3.01%	3.31%	2.59%	5.00%	0.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IYLD and MFUL in my portfolio?

IYLD and MFUL have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYLD or MFUL?

IYLD has higher volatility (1.53%) compared to MFUL (1.46%). In terms of maximum drawdown, IYLD dropped -30.23% vs MFUL's -16.41%.

Which ETF is better, IYLD or MFUL?

On 3-year performance, IYLD leads with 10.59% vs 4.96% for MFUL. On fees, IYLD is cheaper at 0.60% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYLD or MFUL?

Over the 3-year period, IYLD has performed better with a 10.59% return vs 4.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYLD or MFUL?

IYLD is cheaper with a 0.60% expense ratio, compared with 1.10% for MFUL.

Which ETF pays a higher dividend yield, IYLD or MFUL?

IYLD has the higher dividend yield at 4.61%, compared with 3.01% for MFUL.

What is the main difference between IYLD and MFUL?

They also come from different issuers: iShares and Mohr Funds. Their fees differ too: 0.60% for IYLD and 1.10% for MFUL.

Which has better risk-adjusted returns?

IYLD currently has the higher Sharpe Ratio (2.46 vs 1.82), 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.