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 8.18%/yr vs -0.10%/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 32.03% return, which is significantly higher than RSPC's -7.63% return.
IYZ
- 1D
- -2.96%
- 1M
- 4.94%
- YTD
- 32.03%
- 6M
- 38.73%
- 1Y
- 59.79%
- 3Y*
- 30.34%
- 5Y*
- 8.18%
- 10Y*
- 6.28%
RSPC
- 1D
- -2.11%
- 1M
- -3.65%
- YTD
- -7.63%
- 6M
- -4.38%
- 1Y
- 2.74%
- 3Y*
- 11.84%
- 5Y*
- -0.10%
- 10Y*
- —
IYZ vs. RSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 32.03% | 29.28% | 20.53% | 3.90% | -30.29% | 11.69% | 4.13% | 16.14% | -5.96% |
RSPC Invesco S&P 500 Equal Weight Communication Services ETF | -7.63% | 18.44% | 17.98% | 17.92% | -29.00% | 14.55% | 22.14% | 21.35% | -11.38% |
Correlation
The correlation between IYZ and RSPC is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018 | 0.74 |
Over the past year, the correlation between IYZ and RSPC has dropped to 0.43 - 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.
| IYZ | RSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.15 | ||
| Sortino ratioReturn per unit of downside risk | +4.07 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.04 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 9.54 | 0.25 | +9.29 |
| Martin ratioReturn relative to average drawdown | 32.08 | 0.52 | +31.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IYZ | RSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.35 | 0.20 | +3.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | -0.01 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.32 | -0.25 |
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 | -6.30% | -10.92% | +4.62% |
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 | -2.96% | -10.47% | +7.51% |
Average DrawdownAverage peak-to-trough decline | -40.14% | -12.71% | -27.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 5.26% | -3.39% |
Volatility
IYZ vs. RSPC - Volatility Comparison
iShares U.S. Telecommunications ETF (IYZ) has a higher volatility of 7.44% compared to Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) at 4.06%. 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 | 7.44% | 4.06% | +3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 14.76% | 9.31% | +5.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.95% | 13.71% | +4.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 18.57% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.25% | 20.77% | -1.52% |
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 1.50%, less than RSPC's 1.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 1.50% | 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 | 1.76% | 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 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYZ has higher volatility (7.44%) compared to RSPC (4.06%). In terms of maximum drawdown, IYZ dropped -77.11% vs RSPC's -38.03%.
On 5-year performance, IYZ leads with 8.18% vs -0.10% for RSPC. On fees, RSPC is cheaper at 0.40% per year. On volatility, RSPC has been the lower-risk option at 4.06%. 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 8.18% return vs -0.10%. 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 1.76%, compared with 1.50% 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 (3.35 vs 0.20), 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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