IYZ vs. IYE
IYZ (iShares U.S. Telecommunications ETF) and IYE (iShares U.S. Energy ETF) are both exchange-traded funds - IYZ is a Communications Equities fund tracking the Dow Jones U.S. Select Telecommunications Index, while IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas Index. Both are passively managed. Over the past 10 years, IYZ returned 5.94%/yr vs 8.66%/yr for IYE. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.42% expense ratio.
Performance
IYZ vs. IYE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IYZ having a 29.57% return and IYE slightly lower at 28.97%. Over the past 10 years, IYZ has underperformed IYE with an annualized return of 5.94%, while IYE has yielded a comparatively higher 8.66% annualized return.
IYZ
- 1D
- 1.27%
- 1M
- 0.83%
- YTD
- 29.57%
- 6M
- 32.60%
- 1Y
- 58.27%
- 3Y*
- 28.37%
- 5Y*
- 7.57%
- 10Y*
- 5.94%
IYE
- 1D
- 0.76%
- 1M
- -0.93%
- YTD
- 28.97%
- 6M
- 27.79%
- 1Y
- 33.59%
- 3Y*
- 15.75%
- 5Y*
- 19.07%
- 10Y*
- 8.66%
IYZ vs. IYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 29.57% | 29.28% | 20.53% | 3.90% | -30.29% | 11.69% | 4.13% | 16.14% | -8.59% | -11.86% |
IYE iShares U.S. Energy ETF | 28.97% | 7.33% | 6.06% | -2.21% | 60.21% | 53.42% | -33.49% | 10.03% | -19.37% | -1.80% |
Correlation
The correlation between IYZ and IYE is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2000 | 0.44 |
Over the past year, the correlation between IYZ and IYE has dropped to 0.10 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
IYZ vs. IYE — Risk / Return Rank
IYZ
IYE
IYZ vs. IYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Telecommunications ETF (IYZ) and iShares U.S. Energy ETF (IYE). 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 | IYE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.29 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 6.54 | 3.03 | +3.50 |
| Martin ratioReturn relative to average drawdown | 25.99 | 8.58 | +17.41 |
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Drawdowns
IYZ vs. IYE - Drawdown Comparison
The maximum IYZ drawdown since its inception was -77.11%, roughly equal to the maximum IYE drawdown of -73.74%. Use the drawdown chart below to compare losses from any high point for IYZ and IYE.
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Drawdown Indicators
| IYZ | IYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.11% | -73.74% | -3.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -11.92% | +3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -13.85% | -20.37% | +6.52% |
Max Drawdown (5Y)Largest decline over 5 years | -39.74% | -25.61% | -14.13% |
Max Drawdown (10Y)Largest decline over 10 years | -39.74% | -68.59% | +28.85% |
Current DrawdownCurrent decline from peak | -4.77% | -7.87% | +3.10% |
Average DrawdownAverage peak-to-trough decline | -40.10% | -19.35% | -20.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 4.21% | -2.04% |
Volatility
IYZ vs. IYE - Volatility Comparison
iShares U.S. Telecommunications ETF (IYZ) has a higher volatility of 8.76% compared to iShares U.S. Energy ETF (IYE) at 6.96%. This indicates that IYZ's price experiences larger fluctuations and is considered to be riskier than IYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYZ | IYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.76% | 6.96% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 15.61% | 16.36% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.65% | 20.04% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 25.75% | -6.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.30% | 29.51% | -10.21% |
IYZ vs. IYE - Expense Ratio Comparison
Both IYZ and IYE have an expense ratio of 0.42%.
Dividends
IYZ vs. IYE - Dividend Comparison
IYZ's dividend yield for the trailing twelve months is around 1.53%, less than IYE's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 2.18% | 2.85% | 2.75% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.16% | 2.66% | 2.11% | 3.39% |
IYZ iShares U.S. Telecommunications ETF | 1.53% | 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 IYE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYZ has higher volatility (8.76%) compared to IYE (6.96%). In terms of maximum drawdown, IYZ dropped -77.11% vs IYE's -73.74%.
On 10-year performance, IYE leads with 8.66% vs 5.94% for IYZ. Both ETFs have the same 0.42% expense ratio. On volatility, IYE has been the lower-risk option at 6.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IYE has performed better with a 8.66% return vs 5.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYZ and IYE have the same expense ratio: 0.42% per year.
IYE has the higher dividend yield at 2.18%, compared with 1.53% for IYZ.
IYZ is categorized as Communications Equities, while IYE is Energy Equities. IYZ tracks Dow Jones U.S. Select Telecommunications Index, while IYE tracks Dow Jones U.S. Oil & Gas Index.
IYZ currently has the higher Sharpe Ratio (3.02 vs 1.81), 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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