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. Over the past year, IYZ returned 44.99% vs 23.78% for GXPC. Their 0.29 correlation means their historical movements had little consistent relationship. 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 24.41% return, which is significantly higher than GXPC's 4.24% return.
IYZ
- 1D
- 1.77%
- 1M
- 2.62%
- 6M
- 16.70%
- YTD
- 24.41%
- 1Y
- 44.99%
- 3Y*
- 26.36%
- 5Y*
- 6.75%
- 10Y*
- 4.81%
- ALL TIME*
- 1.40%
GXPC
- 1D
- 4.49%
- 1M
- 2.31%
- 6M
- -1.39%
- YTD
- 4.24%
- 1Y
- 23.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 23.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.38M | $10.86M | $5.85M | |
| $34.41M | $38.66M | $56.55M |
IYZ vs. GXPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 24.41% | 13.83% |
GXPC Global X PureCap MSCI Communication Services ETF | 4.24% | 19.31% |
Correlation
The correlation between IYZ and GXPC is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.29 |
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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.
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 ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.20 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 1.44 | +1.96 |
| Martin ratioReturn relative to average drawdown | 10.59 | 4.17 | +6.42 |
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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 | -13.28% | -16.59% | +3.31% |
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 | -8.56% | -6.74% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -39.94% | -4.04% | -35.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | 5.72% | -1.46% |
Volatility
IYZ vs. GXPC - Volatility Comparison
The current volatility for iShares U.S. Telecommunications ETF (IYZ) is 6.60%, while Global X PureCap MSCI Communication Services ETF (GXPC) has a volatility of 10.55%. This indicates that IYZ experiences smaller price fluctuations and is considered to be less risky than GXPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYZ | GXPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 10.55% | -3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 16.86% | 18.72% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.88% | 22.51% | -2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.17% | 22.33% | -3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.33% | 22.33% | -3.00% |
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 1.68%, more than GXPC's 0.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXPC Global X PureCap MSCI Communication Services ETF | 0.31% | 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 | 1.68% | 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 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GXPC has higher volatility (10.55%) compared to IYZ (6.60%). In terms of maximum drawdown, IYZ dropped -77.11% vs GXPC's -16.59%.
On 1-year performance, IYZ leads with 44.99% vs 23.78% for GXPC. On fees, GXPC is cheaper at 0.15% per year. On volatility, IYZ has been the lower-risk option at 6.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYZ has performed better with a 44.99% return vs 23.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GXPC is cheaper with a 0.15% expense ratio, compared with 0.42% for IYZ.
IYZ has the higher dividend yield at 1.68%, compared with 0.31% 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.
IYZ currently has the higher Sharpe Ratio (2.28 vs 1.06), 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.
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