IYT vs. BVDAX
IYT (iShares Transportation Average ETF) and BVDAX (BlackRock 60/40 Target Allocation ETF VI Fund) are both funds - IYT is a Transportation Equities fund tracking the Dow Jones Transportation Average Index, while BVDAX is a Diversified Portfolio fund managed by BlackRock. Over the past 5 years, IYT returned 6.34%/yr vs 7.86%/yr for BVDAX. A 0.69 correlation means they provide meaningful diversification when combined. IYT charges 0.42%/yr vs 0.19%/yr for BVDAX.
Performance
IYT vs. BVDAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IYT achieves a 13.27% return, which is significantly higher than BVDAX's 9.42% return.
IYT
- 1D
- -0.78%
- 1M
- 3.24%
- YTD
- 13.27%
- 6M
- 12.06%
- 1Y
- 27.89%
- 3Y*
- 13.54%
- 5Y*
- 6.34%
- 10Y*
- 11.13%
BVDAX
- 1D
- -0.12%
- 1M
- 1.88%
- YTD
- 9.42%
- 6M
- 8.90%
- 1Y
- 20.67%
- 3Y*
- 14.79%
- 5Y*
- 7.86%
- 10Y*
- —
IYT vs. BVDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYT iShares Transportation Average ETF | 13.27% | 11.48% | 4.10% | 24.62% | -21.74% | 26.41% | 14.20% | 20.11% | -12.87% | 17.05% |
BVDAX BlackRock 60/40 Target Allocation ETF VI Fund | 9.42% | 15.69% | 11.32% | 15.88% | -14.80% | 11.98% | 14.68% | 21.40% | -6.69% | 13.51% |
Correlation
The correlation between IYT and BVDAX is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.69 |
The correlation between IYT and BVDAX shifts across timeframes, from 0.58 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IYT vs. BVDAX — Risk / Return Rank
IYT
BVDAX
IYT vs. BVDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Transportation Average ETF (IYT) and BlackRock 60/40 Target Allocation ETF VI Fund (BVDAX). 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.
| IYT | BVDAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 3.09 | -0.77 |
| Martin ratioReturn relative to average drawdown | 7.51 | 13.59 | -6.08 |
Loading charts...
Drawdowns
IYT vs. BVDAX - Drawdown Comparison
The maximum IYT drawdown since its inception was -60.39%, which is greater than BVDAX's maximum drawdown of -22.25%. Use the drawdown chart below to compare losses from any high point for IYT and BVDAX.
Loading charts...
Drawdown Indicators
| IYT | BVDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.39% | -22.25% | -38.14% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -7.03% | -5.06% |
Max Drawdown (3Y)Largest decline over 3 years | -26.35% | -15.93% | -10.42% |
Max Drawdown (5Y)Largest decline over 5 years | -29.15% | -20.57% | -8.58% |
Max Drawdown (10Y)Largest decline over 10 years | -41.28% | — | — |
Current DrawdownCurrent decline from peak | -2.97% | -0.31% | -2.66% |
Average DrawdownAverage peak-to-trough decline | -9.30% | -3.86% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 1.59% | +2.13% |
Volatility
IYT vs. BVDAX - Volatility Comparison
iShares Transportation Average ETF (IYT) has a higher volatility of 7.09% compared to BlackRock 60/40 Target Allocation ETF VI Fund (BVDAX) at 3.95%. This indicates that IYT's price experiences larger fluctuations and is considered to be riskier than BVDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IYT | BVDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 3.95% | +3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 16.27% | 8.17% | +8.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 9.60% | +11.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.40% | 12.35% | +10.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.16% | 12.16% | +11.00% |
IYT vs. BVDAX - Expense Ratio Comparison
IYT has a 0.42% expense ratio, which is higher than BVDAX's 0.19% expense ratio.
Dividends
IYT vs. BVDAX - Dividend Comparison
IYT's dividend yield for the trailing twelve months is around 0.93%, less than BVDAX's 5.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BVDAX BlackRock 60/40 Target Allocation ETF VI Fund | 5.74% | 6.28% | 8.43% | 2.01% | 2.23% | 9.51% | 1.69% | 2.94% | 2.52% | 0.00% | 0.00% | 0.00% |
IYT iShares Transportation Average ETF | 0.93% | 1.00% | 1.08% | 1.26% | 1.40% | 0.77% | 0.93% | 1.29% | 1.35% | 0.92% | 0.96% | 1.28% |
Frequently Asked Questions
IYT and BVDAX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYT has higher volatility (7.09%) compared to BVDAX (3.95%). In terms of maximum drawdown, IYT dropped -60.39% vs BVDAX's -22.25%.
BVDAX currently has the higher Sharpe Ratio (2.26 vs 1.36), 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.
Find the right allocation for IYT and BVDAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer