IYR vs. IYK

Last updated Jun 13, 2026

IYR (iShares U.S. Real Estate ETF) and IYK (iShares U.S. Consumer Goods ETF) are both exchange-traded funds - IYR is a REIT fund tracking the Dow Jones U.S. Real Estate Index, while IYK is a Consumer Staples Equities fund tracking the Dow Jones U.S. Consumer Goods Index. Both are passively managed. Over the past 10 years, IYR returned 5.97%/yr vs 9.42%/yr for IYK. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.42% expense ratio.

Performance

IYR vs. IYK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Real Estate ETF (IYR) and iShares U.S. Consumer Goods ETF (IYK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with IYR having a 11.47% return and IYK slightly lower at 10.91%. Over the past 10 years, IYR has underperformed IYK with an annualized return of 5.97%, while IYK has yielded a comparatively higher 9.42% annualized return.

IYR

• 1D: 0.89%
• 1M: 2.31%
• YTD: 11.47%
• 6M: 11.46%
• 1Y: 11.41%
• 3Y*: 9.71%
• 5Y*: 2.47%
• 10Y*: 5.97%

IYK

• 1D: 0.70%
• 1M: 2.21%
• YTD: 10.91%
• 6M: 10.35%
• 1Y: 6.29%
• 3Y*: 6.56%
• 5Y*: 6.67%
• 10Y*: 9.42%

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

IYR vs. IYK - 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%
IYK iShares U.S. Consumer Goods ETF	10.91%	4.78%	5.27%	-2.84%	3.57%	17.32%	32.65%	28.12%	-13.84%	16.53%

Correlation

The correlation between IYR and IYK is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jun 19, 2000	0.57

The correlation between IYR and IYK shifts across timeframes, from 0.47 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.

IYR vs. IYK - Sectors Allocation Comparison

Sectors	IYR	IYK
Real Estate	97.9%	-
Basic Materials	1.3%	2.7%
Communication Services	0.6%	-
Consumer Cyclical	-	1.5%
Consumer Defensive	-	84.9%
Energy	-	-
Financial Services	-	-
Healthcare	-	10.9%
Industrials	-	0.1%
Technology	-	-
Utilities	-	-

Return for Risk

IYR vs. IYK — Risk / Return Rank

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

IYR

IYR Risk / Return Rank: 28
IYR Sharpe Ratio Rank: 27
IYR Sortino Ratio Rank: 25
IYR Omega Ratio Rank: 25
IYR Calmar Ratio Rank: 31
IYR Martin Ratio Rank: 32

IYK

IYK Risk / Return Rank: 17
IYK Sharpe Ratio Rank: 18
IYK Sortino Ratio Rank: 17
IYK Omega Ratio Rank: 17
IYK Calmar Ratio Rank: 17
IYK Martin Ratio Rank: 16

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.

IYR vs. IYK - 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. Consumer Goods ETF (IYK). 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	IYK	Difference
Sharpe ratio: Return per unit of total volatility	0.84	0.50	+0.34
Sortino ratio: Return per unit of downside risk	1.24	0.80	+0.44
Omega ratio: Gain probability vs. loss probability	1.15	1.09	+0.06
Calmar ratio: Return relative to maximum drawdown	1.34	0.59	+0.75
Martin ratio: Return relative to average drawdown	4.19	1.23	+2.96

IYR vs. IYK - Sharpe Ratio Comparison

The current IYR Sharpe Ratio is 0.84, which is higher than the IYK Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of IYR and IYK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IYR vs. IYK - Drawdown Comparison

The maximum IYR drawdown since its inception was -74.13%, which is greater than IYK's maximum drawdown of -42.64%. Use the drawdown chart below to compare losses from any high point for IYR and IYK.

Drawdown Indicators

	IYR	IYK	Difference
Max Drawdown Largest peak-to-trough decline	-74.13%	-42.64%	-31.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.54%	-10.68%	+2.14%
Max Drawdown (3Y) Largest decline over 3 years	-17.52%	-12.14%	-5.38%
Max Drawdown (5Y) Largest decline over 5 years	-33.75%	-15.05%	-18.70%
Max Drawdown (10Y) Largest decline over 10 years	-42.32%	-33.19%	-9.13%
Current Drawdown Current decline from peak	0.00%	-4.40%	+4.40%
Average Drawdown Average peak-to-trough decline	-12.89%	-5.07%	-7.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	5.13%	-2.40%

Volatility

IYR vs. IYK - Volatility Comparison

iShares U.S. Real Estate ETF (IYR) and iShares U.S. Consumer Goods ETF (IYK) have volatilities of 4.80% and 4.75%, 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

	IYR	IYK	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	4.75%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	9.87%	9.77%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	13.58%	12.59%	+0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.76%	13.05%	+5.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.34%	15.53%	+4.81%

IYR vs. IYK - Expense Ratio Comparison

Both IYR and IYK have an expense ratio of 0.42%.

Dividends

IYR vs. IYK - Dividend Comparison

IYR's dividend yield for the trailing twelve months is around 2.15%, less than IYK's 2.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYK iShares U.S. Consumer Goods ETF	2.56%	2.75%	2.63%	2.74%	2.16%	1.49%	1.42%	2.21%	2.81%	1.74%	2.63%	2.11%
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

Can I hold both IYR and IYK in my portfolio?

IYR and IYK have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYR or IYK?

IYR has higher volatility (4.80%) compared to IYK (4.75%). In terms of maximum drawdown, IYR dropped -74.13% vs IYK's -42.64%.

Which ETF is better, IYR or IYK?

On 10-year performance, IYK leads with 9.42% vs 5.97% for IYR. Both ETFs have the same 0.42% expense ratio. 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, IYR or IYK?

Over the 10-year period, IYK has performed better with a 9.42% return vs 5.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYR or IYK?

IYR and IYK have the same expense ratio: 0.42% per year.

Which ETF pays a higher dividend yield, IYR or IYK?

IYK has the higher dividend yield at 2.56%, compared with 2.15% for IYR.

What is the main difference between IYR and IYK?

IYR is categorized as REIT, while IYK is Consumer Staples Equities. IYR tracks Dow Jones U.S. Real Estate Index, while IYK tracks Dow Jones U.S. Consumer Goods Index.

Which has better risk-adjusted returns?

IYR currently has the higher Sharpe Ratio (0.84 vs 0.50), 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.