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IYT vs. IFRA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYT vs. IFRA

Last updated Jun 24, 2026

IYT (iShares Transportation Average ETF) and IFRA (iShares U.S. Infrastructure ETF) are both exchange-traded funds - IYT is a Transportation Equities fund tracking the Dow Jones Transportation Average Index, while IFRA is a Industrials Equities fund tracking the NYSE FactSet U.S. Infrastructure Index (TR). Both are passively managed. Over the past 5 years, IYT returned 6.34%/yr vs 14.07%/yr for IFRA. A 0.75 correlation means they provide meaningful diversification when combined. IYT charges 0.42%/yr vs 0.30%/yr for IFRA.

Performance

IYT vs. IFRA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Transportation Average ETF (IYT) and iShares U.S. Infrastructure ETF (IFRA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IYT achieves a 13.27% return, which is significantly lower than IFRA's 19.25% 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%

IFRA

1D
-0.86%
1M
2.48%
YTD
19.25%
6M
17.89%
1Y
30.85%
3Y*
20.61%
5Y*
14.07%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYT vs. IFRA - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IYT
iShares Transportation Average ETF		13.27%11.48%4.10%24.62%-21.74%26.41%14.20%20.11%-10.90%
IFRA
iShares U.S. Infrastructure ETF		19.25%15.90%17.02%13.42%-3.32%29.81%7.37%27.00%-7.97%

Correlation

The correlation between IYT and IFRA is 0.66, 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

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.68

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (All Time)
Calculated using the full available price history since Apr 5, 2018

0.75

The correlation between IYT and IFRA has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.

IYT vs. IFRA - Sectors Allocation Comparison

Sectors
IYT
IFRA

Industrials

84.4%
39.4%

Technology

15.6%

-

Basic Materials

-

14.7%

Communication Services

-

-

Consumer Cyclical

-

0.0%

Consumer Defensive

-

0.0%

Energy

-

7.9%

Financial Services

-

-

Healthcare

-

-

Real Estate

-

-

Utilities

-

37.7%

Industrials

IYT
84.4%
IFRA
39.4%

Technology

IYT
15.6%
IFRA

-

Basic Materials

IYT

-

IFRA
14.7%

Communication Services

IYT

-

IFRA

-

Consumer Cyclical

IYT

-

IFRA
0.0%

Consumer Defensive

IYT

-

IFRA
0.0%

Energy

IYT

-

IFRA
7.9%

Financial Services

IYT

-

IFRA

-

Healthcare

IYT

-

IFRA

-

Real Estate

IYT

-

IFRA

-

Utilities

IYT

-

IFRA
37.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Transportation Average ETF

iShares U.S. Infrastructure ETF

Often compared with IYT:
IYT vs. XTNIYT vs. SPYIYT vs. FTXRIYT vs. XLIIYT vs. QQQIYT vs. UNPIYT vs. WBA
Often compared with IFRA:
IFRA vs. PAVEIFRA vs. IGFIFRA vs. NFRAIFRA vs. GIIIFRA vs. VOOIFRA vs. FNDAIFRA vs. IYH

Return for Risk

IYT vs. IFRA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYT
IYT Risk / Return Rank: 4343
Overall Rank
IYT Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
IYT Sortino Ratio Rank: 4040
Sortino Ratio Rank
IYT Omega Ratio Rank: 3838
Omega Ratio Rank
IYT Calmar Ratio Rank: 5050
Calmar Ratio Rank
IYT Martin Ratio Rank: 4747
Martin Ratio Rank
IFRA
IFRA Risk / Return Rank: 6868
Overall Rank
IFRA Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
IFRA Sortino Ratio Rank: 6969
Sortino Ratio Rank
IFRA Omega Ratio Rank: 5757
Omega Ratio Rank
IFRA Calmar Ratio Rank: 7575
Calmar Ratio Rank
IFRA Martin Ratio Rank: 7575
Martin Ratio Rank
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.

IYT vs. IFRA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Transportation Average ETF (IYT) and iShares U.S. Infrastructure ETF (IFRA). 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.

IYTIFRADifference
Sharpe ratioReturn per unit of total volatility
1.36
2.05

-0.69

Sortino ratioReturn per unit of downside risk
1.95
2.97

-1.03

Omega ratioGain probability vs. loss probability

1.24

1.34

-0.10

Calmar ratioReturn relative to maximum drawdown

2.32

3.69

-1.37

Martin ratioReturn relative to average drawdown

7.51

13.48

-5.97

IYT vs. IFRA - Sharpe Ratio Comparison

The current IYT Sharpe Ratio is 1.36, which is lower than the IFRA Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of IYT and IFRA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IYT vs. IFRA - Drawdown Comparison

The maximum IYT drawdown since its inception was -60.39%, which is greater than IFRA's maximum drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for IYT and IFRA.

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Drawdown Indicators

IYTIFRADifference

Max Drawdown

Largest peak-to-trough decline

-60.39%

-41.06%

-19.33%

Max Drawdown (1Y)

Largest decline over 1 year

-12.09%

-8.40%

-3.69%

Max Drawdown (3Y)

Largest decline over 3 years

-26.35%

-19.93%

-6.42%

Max Drawdown (5Y)

Largest decline over 5 years

-29.15%

-19.93%

-9.22%

Max Drawdown (10Y)

Largest decline over 10 years

-41.28%

—

—

Current Drawdown

Current decline from peak

-2.97%

-0.86%

-2.11%

Average Drawdown

Average peak-to-trough decline

-9.30%

-5.12%

-4.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.72%

2.29%

+1.43%

Volatility

IYT vs. IFRA - Volatility Comparison

iShares Transportation Average ETF (IYT) has a higher volatility of 7.09% compared to iShares U.S. Infrastructure ETF (IFRA) at 5.19%. This indicates that IYT's price experiences larger fluctuations and is considered to be riskier than IFRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IYTIFRADifference

Volatility (1M)

Calculated over the trailing 1-month period

7.09%

5.19%

+1.90%

Volatility (6M)

Calculated over the trailing 6-month period

16.27%

11.76%

+4.51%

Volatility (1Y)

Calculated over the trailing 1-year period

20.70%

15.21%

+5.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.40%

17.91%

+4.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.16%

21.36%

+1.80%

IYT vs. IFRA - Expense Ratio Comparison

IYT has a 0.42% expense ratio, which is higher than IFRA's 0.30% expense ratio.

Dividends

IYT vs. IFRA - Dividend Comparison

IYT's dividend yield for the trailing twelve months is around 0.93%, less than IFRA's 1.56% yield.

PositionTTM20252024202320222021202020192018201720162015
IFRA
iShares U.S. Infrastructure ETF		1.56%1.84%1.75%1.98%1.98%1.63%2.08%1.68%2.50%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 IFRA have a correlation of 0.66, 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 IFRA (5.19%). In terms of maximum drawdown, IYT dropped -60.39% vs IFRA's -41.06%.

On 5-year performance, IFRA leads with 14.07% vs 6.34% for IYT. On fees, IFRA is cheaper at 0.30% per year. On volatility, IFRA has been the lower-risk option at 5.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IFRA has performed better with a 14.07% return vs 6.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IFRA is cheaper with a 0.30% expense ratio, compared with 0.42% for IYT.

IFRA has the higher dividend yield at 1.56%, compared with 0.93% for IYT.

IYT is categorized as Transportation Equities, while IFRA is Industrials Equities. IYT tracks Dow Jones Transportation Average Index, while IFRA tracks NYSE FactSet U.S. Infrastructure Index (TR). Their fees differ too: 0.42% for IYT and 0.30% for IFRA.

IFRA currently has the higher Sharpe Ratio (2.05 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.

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