IYZ vs. M
IYZ (iShares U.S. Telecommunications ETF) is Communications Equities fund tracking the Dow Jones U.S. Select Telecommunications Index, while M (Macy's, Inc.) is a stock. Over the past 10 years, IYZ returned 5.94%/yr vs 2.22%/yr for M. At a 0.41 correlation, their price movements are largely independent.
Performance
IYZ vs. M - Performance Comparison
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Returns By Period
In the year-to-date period, IYZ achieves a 29.57% return, which is significantly higher than M's 16.35% return. Over the past 10 years, IYZ has outperformed M with an annualized return of 5.94%, while M has yielded a comparatively lower 2.22% annualized return.
IYZ
- 1D
- 1.27%
- 1M
- 2.31%
- YTD
- 29.57%
- 6M
- 32.60%
- 1Y
- 58.27%
- 3Y*
- 28.37%
- 5Y*
- 7.57%
- 10Y*
- 5.94%
M
- 1D
- 1.32%
- 1M
- 37.81%
- YTD
- 16.35%
- 6M
- 7.05%
- 1Y
- 132.50%
- 3Y*
- 20.95%
- 5Y*
- 9.42%
- 10Y*
- 2.22%
IYZ vs. M - 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% |
M Macy's, Inc. | 16.35% | 36.55% | -12.41% | 1.64% | -18.66% | 135.80% | -31.08% | -38.20% | 23.64% | -25.29% |
Correlation
The correlation between IYZ and M is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 26, 2000 | 0.41 |
The correlation between IYZ and M shifts across timeframes, from 0.24 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IYZ vs. M — Risk / Return Rank
IYZ
M
IYZ vs. M - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Telecommunications ETF (IYZ) and Macy's, Inc. (M). 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 | M | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.43 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 6.54 | 4.33 | +2.21 |
| Martin ratioReturn relative to average drawdown | 25.99 | 10.47 | +15.52 |
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Drawdowns
IYZ vs. M - Drawdown Comparison
The maximum IYZ drawdown since its inception was -77.11%, smaller than the maximum M drawdown of -91.95%. Use the drawdown chart below to compare losses from any high point for IYZ and M.
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Drawdown Indicators
| IYZ | M | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.11% | -91.95% | +14.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -28.61% | +19.99% |
Max Drawdown (3Y)Largest decline over 3 years | -13.85% | -51.33% | +37.48% |
Max Drawdown (5Y)Largest decline over 5 years | -39.74% | -69.65% | +29.91% |
Max Drawdown (10Y)Largest decline over 10 years | -39.74% | -87.79% | +48.05% |
Current DrawdownCurrent decline from peak | -4.77% | -44.51% | +39.74% |
Average DrawdownAverage peak-to-trough decline | -40.10% | -34.61% | -5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 11.79% | -9.62% |
Volatility
IYZ vs. M - Volatility Comparison
The current volatility for iShares U.S. Telecommunications ETF (IYZ) is 8.76%, while Macy's, Inc. (M) has a volatility of 14.61%. This indicates that IYZ experiences smaller price fluctuations and is considered to be less risky than M based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYZ | M | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.76% | 14.61% | -5.85% |
Volatility (6M)Calculated over the trailing 6-month period | 15.61% | 29.51% | -13.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.65% | 46.38% | -27.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 54.14% | -35.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.30% | 56.17% | -36.87% |
Dividends
IYZ vs. M - Dividend Comparison
IYZ's dividend yield for the trailing twelve months is around 1.53%, less than M's 2.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
M Macy's, Inc. | 2.19% | 3.31% | 4.10% | 3.29% | 3.05% | 1.15% | 3.36% | 8.88% | 5.07% | 5.99% | 4.17% | 3.98% |
Frequently Asked Questions
IYZ and M have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
M has higher volatility (14.61%) compared to IYZ (8.76%). In terms of maximum drawdown, IYZ dropped -77.11% vs M's -91.95%.
IYZ currently has the higher Sharpe Ratio (3.02 vs 2.67), 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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