M vs. IYZ
M (Macy's, Inc.) is a stock, while IYZ (iShares U.S. Telecommunications ETF) is Communications Equities fund tracking the Dow Jones U.S. Select Telecommunications Index. Over the past 10 years, M returned 2.22%/yr vs 5.94%/yr for IYZ. At a 0.41 correlation, their price movements are largely independent.
Performance
M vs. IYZ - Performance Comparison
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Returns By Period
In the year-to-date period, M achieves a 16.35% return, which is significantly lower than IYZ's 29.57% return. Over the past 10 years, M has underperformed IYZ with an annualized return of 2.22%, while IYZ has yielded a comparatively higher 5.94% annualized return.
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
- 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 vs. IYZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
M Macy's, Inc. | 16.35% | 36.55% | -12.41% | 1.64% | -18.66% | 135.80% | -31.08% | -38.20% | 23.64% | -25.29% |
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% |
Correlation
The correlation between M and IYZ 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 M and IYZ 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
M vs. IYZ — Risk / Return Rank
M
IYZ
M vs. IYZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Macy's, Inc. (M) and iShares U.S. Telecommunications ETF (IYZ). 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.
| M | IYZ | 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 | 1.43 | 1.52 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 6.54 | -2.21 |
| Martin ratioReturn relative to average drawdown | 10.47 | 25.99 | -15.52 |
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Drawdowns
M vs. IYZ - Drawdown Comparison
The maximum M drawdown since its inception was -91.95%, which is greater than IYZ's maximum drawdown of -77.11%. Use the drawdown chart below to compare losses from any high point for M and IYZ.
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Drawdown Indicators
| M | IYZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.95% | -77.11% | -14.84% |
Max Drawdown (1Y)Largest decline over 1 year | -28.61% | -8.62% | -19.99% |
Max Drawdown (3Y)Largest decline over 3 years | -51.33% | -13.85% | -37.48% |
Max Drawdown (5Y)Largest decline over 5 years | -69.65% | -39.74% | -29.91% |
Max Drawdown (10Y)Largest decline over 10 years | -87.79% | -39.74% | -48.05% |
Current DrawdownCurrent decline from peak | -44.51% | -4.77% | -39.74% |
Average DrawdownAverage peak-to-trough decline | -34.61% | -40.10% | +5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.79% | 2.17% | +9.62% |
Volatility
M vs. IYZ - Volatility Comparison
Macy's, Inc. (M) has a higher volatility of 14.61% compared to iShares U.S. Telecommunications ETF (IYZ) at 8.76%. This indicates that M's price experiences larger fluctuations and is considered to be riskier than IYZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| M | IYZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.61% | 8.76% | +5.85% |
Volatility (6M)Calculated over the trailing 6-month period | 29.51% | 15.61% | +13.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.38% | 18.65% | +27.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.14% | 18.88% | +35.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.17% | 19.30% | +36.87% |
Dividends
M vs. IYZ - Dividend Comparison
M's dividend yield for the trailing twelve months is around 2.91%, more than IYZ's 1.53% 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
M and IYZ 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, M dropped -91.95% vs IYZ's -77.11%.
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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