IYZ vs. SHLD
IYZ (iShares U.S. Telecommunications ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - IYZ is a Communications Equities fund tracking the Dow Jones U.S. Select Telecommunications Index, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, IYZ returned 44.99% vs 6.46% for SHLD. Their 0.35 correlation means their historical movements had little consistent relationship. IYZ charges 0.42%/yr vs 0.50%/yr for SHLD.
Performance
IYZ vs. SHLD - Performance Comparison
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Returns By Period
In the year-to-date period, IYZ achieves a 24.41% return, which is significantly higher than SHLD's -0.33% return.
IYZ
- 1D
- 1.77%
- 1M
- 2.62%
- 6M
- 16.70%
- YTD
- 24.41%
- 1Y
- 44.99%
- 3Y*
- 26.36%
- 5Y*
- 6.75%
- 10Y*
- 4.81%
- ALL TIME*
- 1.40%
SHLD
- 1D
- 1.77%
- 1M
- 0.64%
- 6M
- -13.25%
- YTD
- -0.33%
- 1Y
- 6.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 40.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $34.41M | $38.66M | $56.55M | |
| $69.07M | $65.06M | $107.90M |
IYZ vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 24.41% | 29.28% | 20.53% | 3.55% |
SHLD Global X Defense Tech ETF | -0.33% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between IYZ and SHLD is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.35 |
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Return for Risk
IYZ vs. SHLD — Risk / Return Rank
IYZ
SHLD
IYZ vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Telecommunications ETF (IYZ) and Global X Defense Tech ETF (SHLD). 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 | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.06 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 0.26 | +3.15 |
| Martin ratioReturn relative to average drawdown | 10.59 | 0.58 | +10.02 |
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Drawdowns
IYZ vs. SHLD - Drawdown Comparison
The maximum IYZ drawdown since its inception was -77.11%, which is greater than SHLD's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for IYZ and SHLD.
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Drawdown Indicators
| IYZ | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.11% | -25.40% | -51.71% |
Max Drawdown (1Y)Largest decline over 1 year | -13.28% | -25.40% | +12.12% |
Max Drawdown (3Y)Largest decline over 3 years | -13.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.74% | — | — |
Current DrawdownCurrent decline from peak | -8.56% | -17.23% | +8.67% |
Average DrawdownAverage peak-to-trough decline | -39.94% | -4.17% | -35.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | 11.18% | -6.92% |
Volatility
IYZ vs. SHLD - Volatility Comparison
iShares U.S. Telecommunications ETF (IYZ) and Global X Defense Tech ETF (SHLD) have volatilities of 6.60% and 6.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYZ | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 6.57% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 16.86% | 20.20% | -3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.88% | 25.43% | -5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.17% | 21.57% | -2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.33% | 21.57% | -2.24% |
IYZ vs. SHLD - Expense Ratio Comparison
IYZ has a 0.42% expense ratio, which is lower than SHLD's 0.50% expense ratio.
Dividends
IYZ vs. SHLD - Dividend Comparison
IYZ's dividend yield for the trailing twelve months is around 1.68%, more than SHLD's 0.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 1.68% | 2.04% | 1.94% | 2.27% | 2.55% | 2.51% | 2.60% | 2.36% | 2.15% | 3.54% | 2.27% | 1.98% |
SHLD Global X Defense Tech ETF | 0.66% | 0.55% | 0.53% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IYZ and SHLD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYZ has higher volatility (6.60%) compared to SHLD (6.57%). In terms of maximum drawdown, IYZ dropped -77.11% vs SHLD's -25.40%.
On 1-year performance, IYZ leads with 44.99% vs 6.46% for SHLD. On fees, IYZ is cheaper at 0.42% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYZ has performed better with a 44.99% return vs 6.46%. 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 0.50% for SHLD.
IYZ has the higher dividend yield at 1.68%, compared with 0.66% for SHLD.
IYZ is categorized as Communications Equities, while SHLD is Aerospace & Defense. IYZ tracks Dow Jones U.S. Select Telecommunications Index, while SHLD tracks Global X Defense Tech Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.42% for IYZ and 0.50% for SHLD.
IYZ currently has the higher Sharpe Ratio (2.28 vs 0.26), 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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