IYT vs. VOO
Compare and contrast key facts about iShares Transportation Average ETF (IYT) and Vanguard S&P 500 ETF (VOO).
IYT and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYT is a passively managed fund by iShares that tracks the performance of the Dow Jones Transportation Average Index. It was launched on Oct 10, 2003. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both IYT and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IYT or VOO.
Key characteristics
| IYT | VOO | |
|---|---|---|
| YTD Return | 12.41% | 26.88% |
| 1Y Return | 29.54% | 37.59% |
| 3Y Return (Ann) | 3.02% | 10.23% |
| 5Y Return (Ann) | 9.76% | 15.93% |
| 10Y Return (Ann) | 7.30% | 13.41% |
| Sharpe Ratio | 1.58 | 3.06 |
| Sortino Ratio | 2.37 | 4.08 |
| Omega Ratio | 1.27 | 1.58 |
| Calmar Ratio | 0.30 | 4.43 |
| Martin Ratio | 5.67 | 20.25 |
| Ulcer Index | 5.21% | 1.85% |
| Daily Std Dev | 18.70% | 12.23% |
| Max Drawdown | -100.00% | -33.99% |
| Current Drawdown | -99.99% | -0.30% |
Correlation
The correlation between IYT and VOO 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.
Performance
IYT vs. VOO - Performance Comparison
In the year-to-date period, IYT achieves a 12.41% return, which is significantly lower than VOO's 26.88% return. Over the past 10 years, IYT has underperformed VOO with an annualized return of 7.30%, while VOO has yielded a comparatively higher 13.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IYT vs. VOO - Expense Ratio Comparison
IYT has a 0.42% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
IYT vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Transportation Average ETF (IYT) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
IYT vs. VOO - Dividend Comparison
IYT's dividend yield for the trailing twelve months is around 1.07%, less than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYT iShares Transportation Average ETF | 1.07% | 1.26% | 1.40% | 0.77% | 0.93% | 1.29% | 1.35% | 0.92% | 0.96% | 1.28% | 0.70% | 0.86% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
IYT vs. VOO - Drawdown Comparison
The maximum IYT drawdown since its inception was -100.00%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for IYT and VOO. For additional features, visit the drawdowns tool.
Volatility
IYT vs. VOO - Volatility Comparison
iShares Transportation Average ETF (IYT) has a higher volatility of 7.03% compared to Vanguard S&P 500 ETF (VOO) at 3.89%. This indicates that IYT's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.