IYZ vs. GXPC
IYZ (iShares U.S. Telecommunications ETF) and GXPC (Global X PureCap MSCI Communication Services ETF) are both Communications Equities funds - IYZ tracks the Dow Jones U.S. Select Telecommunications Index while GXPC tracks the MSCI USA Communication Services PureCap Index. Both are passively managed. At a 0.33 correlation, their price movements are largely independent. IYZ charges 0.42%/yr vs 0.15%/yr for GXPC.
Performance
IYZ vs. GXPC - Performance Comparison
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Returns By Period
In the year-to-date period, IYZ achieves a 32.03% return, which is significantly higher than GXPC's 3.83% return.
IYZ
- 1D
- -2.96%
- 1M
- 4.94%
- YTD
- 32.03%
- 6M
- 38.73%
- 1Y
- 59.79%
- 3Y*
- 30.34%
- 5Y*
- 8.18%
- 10Y*
- 6.28%
GXPC
- 1D
- -0.34%
- 1M
- -4.59%
- YTD
- 3.83%
- 6M
- 3.68%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYZ vs. GXPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 32.03% | 12.54% |
GXPC Global X PureCap MSCI Communication Services ETF | 3.83% | 19.31% |
Correlation
The correlation between IYZ and GXPC is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.33 |
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Return for Risk
IYZ vs. GXPC — Risk / Return Rank
IYZ
GXPC
IYZ vs. GXPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Telecommunications ETF (IYZ) and Global X PureCap MSCI Communication Services ETF (GXPC). 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.
| IYZ | GXPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.58 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 9.54 | — | — |
| Martin ratioReturn relative to average drawdown | 32.08 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IYZ | GXPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.35 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 1.43 | -1.36 |
Drawdowns
IYZ vs. GXPC - Drawdown Comparison
The maximum IYZ drawdown since its inception was -77.11%, which is greater than GXPC's maximum drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for IYZ and GXPC.
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Drawdown Indicators
| IYZ | GXPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.11% | -16.59% | -60.52% |
Max Drawdown (1Y)Largest decline over 1 year | -6.30% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.74% | — | — |
Current DrawdownCurrent decline from peak | -2.96% | -7.11% | +4.15% |
Average DrawdownAverage peak-to-trough decline | -40.14% | -3.05% | -37.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | — | — |
Volatility
IYZ vs. GXPC - Volatility Comparison
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Volatility by Period
| IYZ | GXPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.76% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.95% | 19.79% | -1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 19.79% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.25% | 19.79% | -0.54% |
IYZ vs. GXPC - Expense Ratio Comparison
IYZ has a 0.42% expense ratio, which is higher than GXPC's 0.15% expense ratio.
Dividends
IYZ vs. GXPC - Dividend Comparison
IYZ's dividend yield for the trailing twelve months is around 1.50%, more than GXPC's 0.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXPC Global X PureCap MSCI Communication Services ETF | 0.12% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYZ iShares U.S. Telecommunications ETF | 1.50% | 2.04% | 1.94% | 2.27% | 2.55% | 2.51% | 2.60% | 2.36% | 2.15% | 3.54% | 2.27% | 1.98% |
Frequently Asked Questions
IYZ and GXPC have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXPC is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXPC is cheaper with a 0.15% expense ratio, compared with 0.42% for IYZ.
IYZ has the higher dividend yield at 1.50%, compared with 0.12% for GXPC.
IYZ tracks Dow Jones U.S. Select Telecommunications Index, while GXPC tracks MSCI USA Communication Services PureCap Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.42% for IYZ and 0.15% for GXPC.
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