IYZ vs. IXP
Compare and contrast key facts about iShares U.S. Telecommunications ETF (IYZ) and iShares Global Comm Services ETF (IXP).
IYZ and IXP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYZ is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Telecommunications Index. It was launched on May 22, 2000. IXP is a passively managed fund by iShares that tracks the performance of the S&P Global 1200 Communication Services 4.5/22.5/45 Capped. It was launched on Nov 12, 2001. Both IYZ and IXP 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: IYZ or IXP.
Key characteristics
| IYZ | IXP | |
|---|---|---|
| YTD Return | -7.20% | 14.50% |
| 1Y Return | -0.84% | 33.66% |
| 3Y Return (Ann) | -12.74% | 1.41% |
| 5Y Return (Ann) | -4.03% | 9.74% |
| 10Y Return (Ann) | -1.02% | 5.67% |
| Sharpe Ratio | -0.06 | 2.14 |
| Daily Std Dev | 16.10% | 16.04% |
| Max Drawdown | -77.12% | -50.13% |
| Current Drawdown | -39.06% | -2.23% |
Correlation
The correlation between IYZ and IXP is 0.70, 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
IYZ vs. IXP - Performance Comparison
In the year-to-date period, IYZ achieves a -7.20% return, which is significantly lower than IXP's 14.50% return. Over the past 10 years, IYZ has underperformed IXP with an annualized return of -1.02%, while IXP has yielded a comparatively higher 5.67% 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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IYZ vs. IXP - Expense Ratio Comparison
IYZ has a 0.42% expense ratio, which is lower than IXP's 0.43% expense ratio.
Risk-Adjusted Performance
IYZ vs. IXP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Telecommunications ETF (IYZ) and iShares Global Comm Services ETF (IXP). 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
IYZ vs. IXP - Dividend Comparison
IYZ's dividend yield for the trailing twelve months is around 2.38%, more than IXP's 1.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 2.38% | 2.27% | 2.55% | 2.51% | 2.60% | 2.36% | 2.15% | 3.54% | 2.27% | 1.98% | 2.25% | 2.62% |
IXP iShares Global Comm Services ETF | 1.08% | 1.24% | 1.43% | 1.79% | 0.95% | 2.16% | 4.29% | 3.39% | 4.00% | 3.87% | 12.38% | 3.38% |
Drawdowns
IYZ vs. IXP - Drawdown Comparison
The maximum IYZ drawdown since its inception was -77.12%, which is greater than IXP's maximum drawdown of -50.13%. Use the drawdown chart below to compare losses from any high point for IYZ and IXP. For additional features, visit the drawdowns tool.
Volatility
IYZ vs. IXP - Volatility Comparison
The current volatility for iShares U.S. Telecommunications ETF (IYZ) is 4.53%, while iShares Global Comm Services ETF (IXP) has a volatility of 6.56%. This indicates that IYZ experiences smaller price fluctuations and is considered to be less risky than IXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.