IYT vs. WBA

Last updated Jun 3, 2026

IYT (iShares Transportation Average ETF) is Transportation Equities fund tracking the Dow Jones Transportation Average Index, while WBA (Walgreens Boots Alliance, Inc.) is a stock. At a 0.45 correlation, their price movements are largely independent.

Performance

IYT vs. WBA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Transportation Average ETF (IYT) and Walgreens Boots Alliance, Inc. (WBA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IYT

• 1D: -1.00%
• 1M: 3.94%
• YTD: 13.12%
• 6M: 15.04%
• 1Y: 30.40%
• 3Y*: 14.77%
• 5Y*: 5.55%
• 10Y*: 10.51%

WBA

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IYT vs. WBA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IYT iShares Transportation Average ETF	13.12%	11.48%	4.10%	24.62%	-21.74%	26.41%	14.20%	20.11%	-12.87%	18.89%
WBA Walgreens Boots Alliance, Inc.	0.00%	28.40%	-61.34%	-25.09%	-25.06%	35.78%	-29.38%	-10.99%	-3.65%	-10.51%

Correlation

The correlation between IYT and WBA is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Oct 13, 2003	0.45

Over the past year, the correlation between IYT and WBA has dropped to 0.08 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.

Return for Risk

IYT vs. WBA — Risk / Return Rank

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

IYT

IYT Risk / Return Rank: 44
IYT Sharpe Ratio Rank: 43
IYT Sortino Ratio Rank: 42
IYT Omega Ratio Rank: 40
IYT Calmar Ratio Rank: 49
IYT Martin Ratio Rank: 48

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. WBA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Transportation Average ETF (IYT) and Walgreens Boots Alliance, Inc. (WBA). 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.

	IYT	WBA	Difference
Sharpe ratio Return per unit of total volatility	1.51	—	—
Sortino ratio Return per unit of downside risk	2.15	—	—
Omega ratio Gain probability vs. loss probability	1.26	—	—
Calmar ratio Return relative to maximum drawdown	2.47	—	—
Martin ratio Return relative to average drawdown	8.00	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IYT	WBA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	—	—

Drawdowns

Drawdown Indicators

	IYT	WBA	Difference
Max Drawdown Largest peak-to-trough decline	-60.39%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.09%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.28%	—	—
Current Drawdown Current decline from peak	-1.00%	—	—
Average Drawdown Average peak-to-trough decline	-9.32%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	—	—

Volatility

Volatility by Period

	IYT	WBA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.17%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.29%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.15%	—	—

Dividends

IYT vs. WBA - Dividend Comparison

IYT's dividend yield for the trailing twelve months is around 0.95%, while WBA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYT iShares Transportation Average ETF	0.95%	1.00%	1.08%	1.26%	1.40%	0.77%	0.93%	1.29%	1.35%	0.92%	0.96%	1.28%
WBA Walgreens Boots Alliance, Inc.	0.00%	0.00%	10.72%	7.35%	5.13%	3.62%	4.64%	3.04%	2.46%	2.13%	1.78%	1.64%

Frequently Asked Questions

Can I hold both IYT and WBA in my portfolio?

IYT and WBA have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.