IYT vs. TOLZ

Last updated Aug 2, 2026

IYT (iShares Transportation Average ETF) and TOLZ (ProShares DJ Brookfield Global Infrastructure ETF) are both exchange-traded funds - IYT is a Industrials Equities fund tracking the Dow Jones Transportation Average Index, while TOLZ is a Infrastructure Equities fund tracking the Dow Jones Brookfield Global Infrastructure Composite Index. Both are passively managed. Over the past 10 years, IYT returned 10.75%/yr vs 7.50%/yr for TOLZ. Their 0.50 correlation means they have sometimes moved together and sometimes differently. IYT charges 0.42%/yr vs 0.46%/yr for TOLZ.

Performance

IYT vs. TOLZ - Performance Comparison

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

Returns By Period

In the year-to-date period, IYT achieves a 14.55% return, which is significantly higher than TOLZ's 12.26% return. Over the past 10 years, IYT has outperformed TOLZ with an annualized return of 10.75%, while TOLZ has yielded a comparatively lower 7.50% annualized return.

IYT

• 1D: 0.01%
• 1M: -3.52%
• 6M: 11.47%
• YTD: 14.55%
• 1Y: 28.75%
• 3Y*: 10.10%
• 5Y*: 7.51%
• 10Y*: 10.75%
• ALL TIME*: 9.92%

TOLZ

• 1D: -0.70%
• 1M: 0.30%
• 6M: 7.13%
• YTD: 12.26%
• 1Y: 15.76%
• 3Y*: 14.11%
• 5Y*: 8.83%
• 10Y*: 7.50%
• ALL TIME*: 6.71%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IYT iShares Transportation Average ETF	$61.92M	$57.48M	$60.22M
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	$2.85M	$1.54M	$1.36M

IYT vs. TOLZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IYT iShares Transportation Average ETF	14.55%	11.48%	4.10%	24.62%	-21.74%	26.41%	14.20%	20.11%	-12.87%	18.89%
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	12.26%	14.76%	11.67%	6.18%	-4.25%	20.47%	-9.46%	26.84%	-7.90%	13.28%

Correlation

The correlation between IYT and TOLZ is 0.18, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.18
Correlation (3Y) Balances recent behavior with more history.	0.34
Correlation (5Y) Shows whether the relationship held over a longer period.	0.48
Correlation (10Y) Provides a long-term view across more market conditions.	0.49
Correlation (All Time) Calculated using the full available price history since Mar 27, 2014	0.50

Over the past year, the correlation between IYT and TOLZ has dropped to 0.18 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

IYT vs. TOLZ - Sectors Allocation Comparison

Sectors	IYT	TOLZ
Industrials	84.9%	4.8%
Technology	15.1%	0.7%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	0.8%
Consumer Defensive	-	4.1%
Energy	-	36.4%
Financial Services	-	2.0%
Healthcare	-	-
Real Estate	-	6.9%
Utilities	-	24.2%

Return for Risk

IYT vs. TOLZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IYT

IYT Risk / Return Rank: 57
IYT Sharpe Ratio Rank: 54
IYT Sortino Ratio Rank: 54
IYT Omega Ratio Rank: 52
IYT Calmar Ratio Rank: 62
IYT Martin Ratio Rank: 62

TOLZ

TOLZ Risk / Return Rank: 71
TOLZ Sharpe Ratio Rank: 67
TOLZ Sortino Ratio Rank: 69
TOLZ Omega Ratio Rank: 62
TOLZ Calmar Ratio Rank: 84
TOLZ Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IYT vs. TOLZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Transportation Average ETF (IYT) and ProShares DJ Brookfield Global Infrastructure ETF (TOLZ). 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	TOLZ	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.55	-0.25
Sortino ratio: Return per unit of downside risk	1.89	2.24	-0.35
Omega ratio: Gain probability vs. loss probability	1.23	1.27	-0.03
Calmar ratio: Return relative to maximum drawdown	2.17	3.20	-1.03
Martin ratio: Return relative to average drawdown	7.44	8.87	-1.43

IYT vs. TOLZ - Sharpe Ratio Comparison

The current IYT Sharpe Ratio is 1.29, which is comparable to the TOLZ Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of IYT and TOLZ, 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

IYT vs. TOLZ - Drawdown Comparison

The maximum IYT drawdown since its inception was -60.39%, which is greater than TOLZ's maximum drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for IYT and TOLZ.

Drawdown Indicators

	IYT	TOLZ	Difference
Max Drawdown Largest peak-to-trough decline	-60.39%	-39.33%	-21.06%
Max Drawdown (1Y) Largest decline over 1 year	-12.09%	-5.18%	-6.91%
Max Drawdown (3Y) Largest decline over 3 years	-26.35%	-9.26%	-17.09%
Max Drawdown (5Y) Largest decline over 5 years	-29.15%	-21.85%	-7.30%
Max Drawdown (10Y) Largest decline over 10 years	-41.28%	-39.33%	-1.95%
Current Drawdown Current decline from peak	-5.69%	-2.30%	-3.39%
Average Drawdown Average peak-to-trough decline	-9.26%	-6.57%	-2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	1.86%	+1.67%

Volatility

IYT vs. TOLZ - Volatility Comparison

iShares Transportation Average ETF (IYT) has a higher volatility of 4.43% compared to ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) at 3.58%. This indicates that IYT's price experiences larger fluctuations and is considered to be riskier than TOLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYT	TOLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	3.58%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	16.10%	8.79%	+7.31%
Volatility (1Y) Calculated over the trailing 1-year period	20.29%	10.70%	+9.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.33%	14.03%	+8.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.11%	16.23%	+6.88%

IYT vs. TOLZ - Expense Ratio Comparison

IYT has a 0.42% expense ratio, which is lower than TOLZ's 0.46% expense ratio.

Dividends

IYT vs. TOLZ - Dividend Comparison

IYT's dividend yield for the trailing twelve months is around 0.92%, less than TOLZ's 2.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYT iShares Transportation Average ETF	0.92%	1.00%	1.08%	1.26%	1.40%	0.77%	0.93%	1.29%	1.35%	0.92%	0.96%	1.28%
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	2.97%	3.99%	3.53%	3.34%	3.01%	3.28%	3.16%	2.96%	3.63%	3.30%	2.62%	3.67%

Frequently Asked Questions

Can I hold both IYT and TOLZ in my portfolio?

IYT and TOLZ have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYT or TOLZ?

IYT has higher volatility (4.43%) compared to TOLZ (3.58%). In terms of maximum drawdown, IYT dropped -60.39% vs TOLZ's -39.33%.

Which ETF is better, IYT or TOLZ?

On 10-year performance, IYT leads with 10.75% vs 7.50% for TOLZ. On fees, IYT is cheaper at 0.42% per year. On volatility, TOLZ has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYT or TOLZ?

Over the 10-year period, IYT has performed better with a 10.75% return vs 7.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYT or TOLZ?

IYT is cheaper with a 0.42% expense ratio, compared with 0.46% for TOLZ.

Which ETF pays a higher dividend yield, IYT or TOLZ?

TOLZ has the higher dividend yield at 2.97%, compared with 0.92% for IYT.

What is the main difference between IYT and TOLZ?

IYT is categorized as Industrials Equities, while TOLZ is Infrastructure Equities. IYT tracks Dow Jones Transportation Average Index, while TOLZ tracks Dow Jones Brookfield Global Infrastructure Composite Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.42% for IYT and 0.46% for TOLZ.

Which has better risk-adjusted returns?

TOLZ currently has the higher Sharpe Ratio (1.55 vs 1.29), 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.