IYZ vs. IYH
IYZ (iShares U.S. Telecommunications ETF) and IYH (iShares U.S. Healthcare ETF) are both exchange-traded funds - IYZ is a Communications Equities fund tracking the Dow Jones U.S. Select Telecommunications Index, while IYH is a Health & Biotech Equities fund tracking the Dow Jones U.S. Health Care Index. Both are passively managed. Over the past 10 years, IYZ returned 5.94%/yr vs 9.52%/yr for IYH. A 0.54 correlation means they provide meaningful diversification when combined. IYZ charges 0.42%/yr vs 0.43%/yr for IYH.
Performance
IYZ vs. IYH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IYZ achieves a 29.57% return, which is significantly higher than IYH's -0.65% return. Over the past 10 years, IYZ has underperformed IYH with an annualized return of 5.94%, while IYH has yielded a comparatively higher 9.52% 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%
IYH
- 1D
- -0.20%
- 1M
- 4.56%
- YTD
- -0.65%
- 6M
- 0.07%
- 1Y
- 14.83%
- 3Y*
- 6.45%
- 5Y*
- 4.89%
- 10Y*
- 9.52%
IYZ vs. IYH - 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% |
IYH iShares U.S. Healthcare ETF | -0.65% | 13.16% | 2.99% | 2.14% | -4.46% | 23.41% | 15.56% | 20.80% | 5.80% | 22.27% |
Correlation
The correlation between IYZ and IYH is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2000 | 0.54 |
Over the past year, the correlation between IYZ and IYH has dropped to 0.19 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IYZ vs. IYH — Risk / Return Rank
IYZ
IYH
IYZ vs. IYH - 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. Healthcare ETF (IYH). 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 | IYH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.08 | ||
| Sortino ratioReturn per unit of downside risk | +2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.17 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 6.54 | 1.33 | +5.20 |
| Martin ratioReturn relative to average drawdown | 25.99 | 3.18 | +22.81 |
Loading charts...
Drawdowns
IYZ vs. IYH - Drawdown Comparison
The maximum IYZ drawdown since its inception was -77.11%, which is greater than IYH's maximum drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for IYZ and IYH.
Loading charts...
Drawdown Indicators
| IYZ | IYH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.11% | -43.12% | -33.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -10.64% | +2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -13.85% | -17.91% | +4.06% |
Max Drawdown (5Y)Largest decline over 5 years | -39.74% | -17.91% | -21.83% |
Max Drawdown (10Y)Largest decline over 10 years | -39.74% | -28.40% | -11.34% |
Current DrawdownCurrent decline from peak | -4.77% | -3.94% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -40.10% | -8.96% | -31.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 4.46% | -2.29% |
Volatility
IYZ vs. IYH - Volatility Comparison
iShares U.S. Telecommunications ETF (IYZ) has a higher volatility of 8.76% compared to iShares U.S. Healthcare ETF (IYH) at 4.94%. This indicates that IYZ's price experiences larger fluctuations and is considered to be riskier than IYH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IYZ | IYH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.76% | 4.94% | +3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 15.61% | 10.64% | +4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.65% | 15.10% | +3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 14.96% | +3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.30% | 16.74% | +2.56% |
IYZ vs. IYH - Expense Ratio Comparison
IYZ has a 0.42% expense ratio, which is lower than IYH's 0.43% expense ratio.
Dividends
IYZ vs. IYH - Dividend Comparison
IYZ's dividend yield for the trailing twelve months is around 1.53%, more than IYH's 1.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYH iShares U.S. Healthcare ETF | 1.25% | 1.19% | 1.25% | 1.18% | 1.10% | 0.94% | 1.16% | 1.14% | 1.95% | 1.10% | 1.29% | 2.02% |
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 IYH have a correlation of 0.19, 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 IYH (4.94%). In terms of maximum drawdown, IYZ dropped -77.11% vs IYH's -43.12%.
On 10-year performance, IYH leads with 9.52% vs 5.94% for IYZ. On fees, IYZ is cheaper at 0.42% per year. On volatility, IYH has been the lower-risk option at 4.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IYH has performed better with a 9.52% return vs 5.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYZ is cheaper with a 0.42% expense ratio, compared with 0.43% for IYH.
IYZ has the higher dividend yield at 1.53%, compared with 1.25% for IYH.
IYZ is categorized as Communications Equities, while IYH is Health & Biotech Equities. IYZ tracks Dow Jones U.S. Select Telecommunications Index, while IYH tracks Dow Jones U.S. Health Care Index. Their fees differ too: 0.42% for IYZ and 0.43% for IYH.
IYZ currently has the higher Sharpe Ratio (3.02 vs 0.94), 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.
Find the right allocation for IYZ and IYH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer