IYZ vs. GXPC

Last updated Jun 24, 2026

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 0.30 correlation, their price movements are largely independent. IYZ charges 0.42%/yr vs 0.15%/yr for GXPC.

Performance

IYZ vs. GXPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Telecommunications ETF (IYZ) and Global X PureCap MSCI Communication Services ETF (GXPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IYZ achieves a 24.80% return, which is significantly higher than GXPC's -0.80% return.

IYZ

• 1D: 0.33%
• 1M: -5.71%
• YTD: 24.80%
• 6M: 24.25%
• 1Y: 49.71%
• 3Y*: 28.60%
• 5Y*: 7.05%
• 10Y*: 5.34%

GXPC

• 1D: -0.03%
• 1M: -8.61%
• YTD: -0.80%
• 6M: -0.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IYZ vs. GXPC - Yearly Performance Comparison

	2026 (YTD)	2025
IYZ iShares U.S. Telecommunications ETF	24.80%	13.83%
GXPC Global X PureCap MSCI Communication Services ETF	-0.80%	19.31%

Correlation

The correlation between IYZ and GXPC is 0.30, 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 23, 2025	0.30

Return for Risk

IYZ vs. GXPC — Risk / Return Rank

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

IYZ

IYZ Risk / Return Rank: 87
IYZ Sharpe Ratio Rank: 87
IYZ Sortino Ratio Rank: 84
IYZ Omega Ratio Rank: 83
IYZ Calmar Ratio Rank: 91
IYZ Martin Ratio Rank: 91

GXPC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

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.

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.

	IYZ	GXPC	Difference
Sharpe ratio: Return per unit of total volatility	2.67	—	—
Sortino ratio: Return per unit of downside risk	3.55	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	5.46	—	—
Martin ratio: Return relative to average drawdown	20.02	—	—

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.

Drawdown Indicators

	IYZ	GXPC	Difference
Max Drawdown Largest peak-to-trough decline	-77.11%	-16.59%	-60.52%
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	—	—
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 Drawdown Current decline from peak	-8.27%	-11.25%	+2.98%
Average Drawdown Average peak-to-trough decline	-40.07%	-3.32%	-36.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	—	—

Volatility

Volatility by Period

	IYZ	GXPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.76%	20.44%	-1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.90%	20.44%	-1.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.28%	20.44%	-1.16%

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 1.67%, 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	1.67%	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

Can I hold both IYZ and GXPC in my portfolio?

IYZ and GXPC have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IYZ or GXPC?

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.

Which ETF is cheaper, IYZ or GXPC?

GXPC is cheaper with a 0.15% expense ratio, compared with 0.42% for IYZ.

Which ETF pays a higher dividend yield, IYZ or GXPC?

IYZ has the higher dividend yield at 1.67%, compared with 0.12% for GXPC.

What is the main difference between IYZ and 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.