TFNS vs. IYG

Last updated Apr 2, 2026

Compare and contrast key facts about T. Rowe Price Financials ETF (TFNS) and iShares U.S. Financial Services ETF (IYG).

TFNS and IYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFNS is an actively managed fund by T. Rowe Price. It was launched on Jun 11, 2025. IYG is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Financial Services TR. It was launched on Jun 12, 2000.

Performance

TFNS vs. IYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Financials ETF (TFNS) and iShares U.S. Financial Services ETF (IYG). The values are adjusted to include any dividend payments, if applicable.

TFNS vs. IYG - Yearly Performance Comparison

	2026 (YTD)	2025
TFNS T. Rowe Price Financials ETF	-8.56%	10.41%
IYG iShares U.S. Financial Services ETF	-9.82%	12.58%

Returns By Period

In the year-to-date period, TFNS achieves a -8.56% return, which is significantly higher than IYG's -9.82% return.

TFNS

• 1D: 0.14%
• 1M: -3.39%
• YTD: -8.56%
• 6M: -4.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IYG

• 1D: 0.10%
• 1M: -2.91%
• YTD: -9.82%
• 6M: -5.92%
• 1Y: 6.93%
• 3Y*: 19.75%
• 5Y*: 9.12%
• 10Y*: 13.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TFNS vs. IYG - Expense Ratio Comparison

TFNS has a 0.44% expense ratio, which is higher than IYG's 0.42% expense ratio.

TFNS

T. Rowe Price Financials ETF

IYG

iShares U.S. Financial Services ETF

Return for Risk

TFNS vs. IYG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IYG

IYG Risk / Return Rank: 21
IYG Sharpe Ratio Rank: 20
IYG Sortino Ratio Rank: 20
IYG Omega Ratio Rank: 21
IYG Calmar Ratio Rank: 21
IYG Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TFNS vs. IYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Financials ETF (TFNS) and iShares U.S. Financial Services ETF (IYG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TFNS	IYG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.33	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.45	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.22	-0.14

Correlation

The correlation between TFNS and IYG is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TFNS vs. IYG - Dividend Comparison

TFNS's dividend yield for the trailing twelve months is around 0.54%, less than IYG's 1.18% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TFNS T. Rowe Price Financials ETF	0.54%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IYG iShares U.S. Financial Services ETF	1.18%	1.00%	1.16%	1.77%	2.07%	1.25%	1.71%	1.59%	1.81%	1.24%	1.28%	1.33%

Drawdowns

TFNS vs. IYG - Drawdown Comparison

The maximum TFNS drawdown since its inception was -14.00%, smaller than the maximum IYG drawdown of -81.84%. Use the drawdown chart below to compare losses from any high point for TFNS and IYG.

Drawdown Indicators

	TFNS	IYG	Difference
Max Drawdown Largest peak-to-trough decline	-14.00%	-81.84%	+67.84%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.62%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.32%	—
Current Drawdown Current decline from peak	-11.11%	-12.96%	+1.85%
Average Drawdown Average peak-to-trough decline	-3.14%	-20.83%	+17.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.31%	—

Volatility

Volatility by Period

	TFNS	IYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.46%	20.88%	-5.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.46%	20.49%	-5.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.46%	23.61%	-8.15%