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IYT vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IYT and SPY is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 0.8

Performance

IYT vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Transportation Average ETF (IYT) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

450.00%500.00%550.00%600.00%650.00%700.00%750.00%800.00%NovemberDecember2025FebruaryMarchApril
513.73%
688.00%
IYT
SPY

Key characteristics

Sharpe Ratio

IYT:

-0.41

SPY:

0.51

Sortino Ratio

IYT:

-0.45

SPY:

0.86

Omega Ratio

IYT:

0.94

SPY:

1.13

Calmar Ratio

IYT:

-0.39

SPY:

0.55

Martin Ratio

IYT:

-1.30

SPY:

2.26

Ulcer Index

IYT:

7.94%

SPY:

4.55%

Daily Std Dev

IYT:

24.74%

SPY:

20.08%

Max Drawdown

IYT:

-60.39%

SPY:

-55.19%

Current Drawdown

IYT:

-20.23%

SPY:

-9.89%

Returns By Period

In the year-to-date period, IYT achieves a -11.20% return, which is significantly lower than SPY's -5.76% return. Over the past 10 years, IYT has underperformed SPY with an annualized return of 5.49%, while SPY has yielded a comparatively higher 11.99% annualized return.


IYT

YTD

-11.20%

1M

-8.77%

6M

-13.51%

1Y

-9.25%

5Y*

11.84%

10Y*

5.49%

SPY

YTD

-5.76%

1M

-3.16%

6M

-4.30%

1Y

10.76%

5Y*

15.96%

10Y*

11.99%

*Annualized

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IYT vs. SPY - Expense Ratio Comparison

IYT has a 0.42% expense ratio, which is higher than SPY's 0.09% expense ratio.


Expense ratio chart for IYT: current value is 0.42%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
IYT: 0.42%
Expense ratio chart for SPY: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPY: 0.09%

Risk-Adjusted Performance

IYT vs. SPY — Risk-Adjusted Performance Rank

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

IYT
The Risk-Adjusted Performance Rank of IYT is 55
Overall Rank
The Sharpe Ratio Rank of IYT is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of IYT is 66
Sortino Ratio Rank
The Omega Ratio Rank of IYT is 66
Omega Ratio Rank
The Calmar Ratio Rank of IYT is 44
Calmar Ratio Rank
The Martin Ratio Rank of IYT is 33
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6161
Overall Rank
The Sharpe Ratio Rank of SPY is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 5858
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6161
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6464
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IYT vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Transportation Average ETF (IYT) and SPDR S&P 500 ETF (SPY). 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.


The chart of Sharpe ratio for IYT, currently valued at -0.41, compared to the broader market-1.000.001.002.003.004.00
IYT: -0.41
SPY: 0.51
The chart of Sortino ratio for IYT, currently valued at -0.45, compared to the broader market-2.000.002.004.006.008.00
IYT: -0.45
SPY: 0.86
The chart of Omega ratio for IYT, currently valued at 0.94, compared to the broader market0.501.001.502.00
IYT: 0.94
SPY: 1.13
The chart of Calmar ratio for IYT, currently valued at -0.39, compared to the broader market0.002.004.006.008.0010.0012.00
IYT: -0.39
SPY: 0.55
The chart of Martin ratio for IYT, currently valued at -1.30, compared to the broader market0.0020.0040.0060.00
IYT: -1.30
SPY: 2.26

The current IYT Sharpe Ratio is -0.41, which is lower than the SPY Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of IYT and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
-0.41
0.51
IYT
SPY

Dividends

IYT vs. SPY - Dividend Comparison

IYT's dividend yield for the trailing twelve months is around 1.27%, less than SPY's 1.30% yield.


TTM20242023202220212020201920182017201620152014
IYT
iShares Transportation Average ETF
1.27%1.08%1.26%1.40%0.77%0.93%1.29%1.35%0.92%0.96%1.28%0.70%
SPY
SPDR S&P 500 ETF
1.30%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

IYT vs. SPY - Drawdown Comparison

The maximum IYT drawdown since its inception was -60.39%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IYT and SPY. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-20.23%
-9.89%
IYT
SPY

Volatility

IYT vs. SPY - Volatility Comparison

iShares Transportation Average ETF (IYT) has a higher volatility of 16.88% compared to SPDR S&P 500 ETF (SPY) at 15.12%. This indicates that IYT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
16.88%
15.12%
IYT
SPY