IYR vs. IYE
IYR (iShares U.S. Real Estate ETF) and IYE (iShares U.S. Energy ETF) are both exchange-traded funds - IYR is a REIT fund tracking the Dow Jones U.S. Real Estate Index, while IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas Index. Both are passively managed. Over the past 10 years, IYR returned 5.97%/yr vs 8.66%/yr for IYE. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.42% expense ratio.
Performance
IYR vs. IYE - Performance Comparison
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Returns By Period
In the year-to-date period, IYR achieves a 11.47% return, which is significantly lower than IYE's 28.97% return. Over the past 10 years, IYR has underperformed IYE with an annualized return of 5.97%, while IYE has yielded a comparatively higher 8.66% annualized return.
IYR
- 1D
- 0.89%
- 1M
- 3.00%
- YTD
- 11.47%
- 6M
- 11.46%
- 1Y
- 12.40%
- 3Y*
- 9.71%
- 5Y*
- 2.47%
- 10Y*
- 5.97%
IYE
- 1D
- 0.76%
- 1M
- -0.93%
- YTD
- 28.97%
- 6M
- 27.79%
- 1Y
- 33.59%
- 3Y*
- 15.75%
- 5Y*
- 19.07%
- 10Y*
- 8.66%
IYR vs. IYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYR iShares U.S. Real Estate ETF | 11.47% | 3.38% | 4.41% | 11.89% | -25.51% | 38.74% | -5.23% | 28.21% | -4.33% | 9.31% |
IYE iShares U.S. Energy ETF | 28.97% | 7.33% | 6.06% | -2.21% | 60.21% | 53.42% | -33.49% | 10.03% | -19.37% | -1.80% |
Correlation
The correlation between IYR and IYE is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2000 | 0.37 |
Over the past year, the correlation between IYR and IYE has dropped to 0.07 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
IYR vs. IYE — Risk / Return Rank
IYR
IYE
IYR vs. IYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Real Estate ETF (IYR) and iShares U.S. Energy ETF (IYE). 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.
| IYR | IYE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.29 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 3.03 | -1.69 |
| Martin ratioReturn relative to average drawdown | 4.19 | 8.58 | -4.39 |
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Drawdowns
IYR vs. IYE - Drawdown Comparison
The maximum IYR drawdown since its inception was -74.13%, roughly equal to the maximum IYE drawdown of -73.74%. Use the drawdown chart below to compare losses from any high point for IYR and IYE.
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Drawdown Indicators
| IYR | IYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.13% | -73.74% | -0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.54% | -11.92% | +3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -17.52% | -20.37% | +2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -33.75% | -25.61% | -8.14% |
Max Drawdown (10Y)Largest decline over 10 years | -42.32% | -68.59% | +26.27% |
Current DrawdownCurrent decline from peak | 0.00% | -7.87% | +7.87% |
Average DrawdownAverage peak-to-trough decline | -12.89% | -19.35% | +6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 4.21% | -1.48% |
Volatility
IYR vs. IYE - Volatility Comparison
The current volatility for iShares U.S. Real Estate ETF (IYR) is 4.80%, while iShares U.S. Energy ETF (IYE) has a volatility of 6.96%. This indicates that IYR experiences smaller price fluctuations and is considered to be less risky than IYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYR | IYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 6.96% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 16.36% | -6.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.58% | 20.04% | -6.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.76% | 25.75% | -6.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.34% | 29.51% | -9.17% |
IYR vs. IYE - Expense Ratio Comparison
Both IYR and IYE have an expense ratio of 0.42%.
Dividends
IYR vs. IYE - Dividend Comparison
IYR's dividend yield for the trailing twelve months is around 2.15%, less than IYE's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 2.18% | 2.85% | 2.75% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.16% | 2.66% | 2.11% | 3.39% |
IYR iShares U.S. Real Estate ETF | 2.15% | 2.48% | 2.57% | 2.75% | 2.92% | 2.06% | 2.58% | 3.05% | 3.53% | 3.73% | 4.41% | 3.92% |
Frequently Asked Questions
IYR and IYE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYE has higher volatility (6.96%) compared to IYR (4.80%). In terms of maximum drawdown, IYR dropped -74.13% vs IYE's -73.74%.
On 10-year performance, IYE leads with 8.66% vs 5.97% for IYR. Both ETFs have the same 0.42% expense ratio. On volatility, IYR has been the lower-risk option at 4.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IYE has performed better with a 8.66% return vs 5.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYR and IYE have the same expense ratio: 0.42% per year.
IYE has the higher dividend yield at 2.18%, compared with 2.15% for IYR.
IYR is categorized as REIT, while IYE is Energy Equities. IYR tracks Dow Jones U.S. Real Estate Index, while IYE tracks Dow Jones U.S. Oil & Gas Index.
IYE currently has the higher Sharpe Ratio (1.81 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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