IYZ vs. RSPC
IYZ (iShares U.S. Telecommunications ETF) and RSPC (Invesco S&P 500 Equal Weight Communication Services ETF) are both Communications Equities funds - IYZ tracks the Dow Jones U.S. Select Telecommunications Index while RSPC tracks the S&P 500 Equal Weight Communication Services Plus Index. Both are passively managed. Over the past 5 years, IYZ returned 6.68%/yr vs -0.97%/yr for RSPC. A 0.74 correlation means they provide meaningful diversification when combined. IYZ charges 0.42%/yr vs 0.40%/yr for RSPC.
Performance
IYZ vs. RSPC - Performance Comparison
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Returns By Period
In the year-to-date period, IYZ achieves a 23.32% return, which is significantly higher than RSPC's -11.21% return.
IYZ
- 1D
- -1.19%
- 1M
- -6.83%
- YTD
- 23.32%
- 6M
- 22.66%
- 1Y
- 45.68%
- 3Y*
- 28.08%
- 5Y*
- 6.68%
- 10Y*
- 5.21%
RSPC
- 1D
- -0.64%
- 1M
- -5.94%
- YTD
- -11.21%
- 6M
- -11.40%
- 1Y
- -4.51%
- 3Y*
- 9.99%
- 5Y*
- -0.97%
- 10Y*
- —
IYZ vs. RSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 23.32% | 29.28% | 20.53% | 3.90% | -30.29% | 11.69% | 4.13% | 16.14% | -6.29% |
RSPC Invesco S&P 500 Equal Weight Communication Services ETF | -11.21% | 18.44% | 17.98% | 17.92% | -29.00% | 14.55% | 22.14% | 21.35% | -11.38% |
Correlation
The correlation between IYZ and RSPC is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018 | 0.74 |
Over the past year, the correlation between IYZ and RSPC has dropped to 0.40 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
IYZ vs. RSPC — Risk / Return Rank
IYZ
RSPC
IYZ vs. RSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Telecommunications ETF (IYZ) and Invesco S&P 500 Equal Weight Communication Services ETF (RSPC). 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 | RSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.78 | ||
| Sortino ratioReturn per unit of downside risk | +3.67 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.96 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | -0.32 | +5.22 |
| Martin ratioReturn relative to average drawdown | 17.91 | -0.76 | +18.67 |
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Drawdowns
IYZ vs. RSPC - Drawdown Comparison
The maximum IYZ drawdown since its inception was -77.11%, which is greater than RSPC's maximum drawdown of -38.03%. Use the drawdown chart below to compare losses from any high point for IYZ and RSPC.
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Drawdown Indicators
| IYZ | RSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.11% | -38.03% | -39.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.37% | -14.05% | +4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -13.85% | -14.06% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -39.74% | -37.96% | -1.78% |
Max Drawdown (10Y)Largest decline over 10 years | -39.74% | — | — |
Current DrawdownCurrent decline from peak | -9.37% | -13.95% | +4.58% |
Average DrawdownAverage peak-to-trough decline | -40.06% | -12.69% | -27.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 5.92% | -3.36% |
Volatility
IYZ vs. RSPC - Volatility Comparison
iShares U.S. Telecommunications ETF (IYZ) has a higher volatility of 7.59% compared to Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) at 4.69%. This indicates that IYZ's price experiences larger fluctuations and is considered to be riskier than RSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYZ | RSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.59% | 4.69% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 15.47% | 9.80% | +5.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 13.81% | +4.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.91% | 18.60% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.28% | 20.73% | -1.45% |
IYZ vs. RSPC - Expense Ratio Comparison
IYZ has a 0.42% expense ratio, which is higher than RSPC's 0.40% expense ratio.
Dividends
IYZ vs. RSPC - Dividend Comparison
IYZ's dividend yield for the trailing twelve months is around 1.69%, less than RSPC's 1.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 1.69% | 2.04% | 1.94% | 2.27% | 2.55% | 2.51% | 2.60% | 2.36% | 2.15% | 3.54% | 2.27% | 1.98% |
RSPC Invesco S&P 500 Equal Weight Communication Services ETF | 1.85% | 1.66% | 1.03% | 0.98% | 1.45% | 1.10% | 1.05% | 0.90% | 0.24% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IYZ and RSPC have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYZ has higher volatility (7.59%) compared to RSPC (4.69%). In terms of maximum drawdown, IYZ dropped -77.11% vs RSPC's -38.03%.
On 5-year performance, IYZ leads with 6.68% vs -0.97% for RSPC. On fees, RSPC is cheaper at 0.40% per year. On volatility, RSPC has been the lower-risk option at 4.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IYZ has performed better with a 6.68% return vs -0.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSPC is cheaper with a 0.40% expense ratio, compared with 0.42% for IYZ.
RSPC has the higher dividend yield at 1.85%, compared with 1.69% for IYZ.
IYZ tracks Dow Jones U.S. Select Telecommunications Index, while RSPC tracks S&P 500 Equal Weight Communication Services Plus Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.42% for IYZ and 0.40% for RSPC.
IYZ currently has the higher Sharpe Ratio (2.45 vs -0.33), 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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