TTMIX vs. IYZ
TTMIX (T. Rowe Price Total Return Fund Class I) and IYZ (iShares U.S. Telecommunications ETF) are both funds - TTMIX is a Global Allocation fund managed by T. Rowe Price, while IYZ is a Communications Equities fund tracking the Dow Jones U.S. Select Telecommunications Index. Over the past 10 years, TTMIX returned 14.57%/yr vs 5.21%/yr for IYZ. A 0.58 correlation means they provide meaningful diversification when combined. TTMIX charges 0.37%/yr vs 0.42%/yr for IYZ.
Performance
TTMIX vs. IYZ - Performance Comparison
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Returns By Period
In the year-to-date period, TTMIX achieves a -1.61% return, which is significantly lower than IYZ's 23.32% return. Over the past 10 years, TTMIX has outperformed IYZ with an annualized return of 14.57%, while IYZ has yielded a comparatively lower 5.21% annualized return.
TTMIX
- 1D
- -1.83%
- 1M
- -3.56%
- YTD
- -1.61%
- 6M
- -2.38%
- 1Y
- -3.82%
- 3Y*
- 18.40%
- 5Y*
- 3.36%
- 10Y*
- 14.57%
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%
TTMIX vs. IYZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TTMIX T. Rowe Price Total Return Fund Class I | -1.61% | 6.97% | 38.33% | 39.41% | -40.85% | 9.92% | 53.86% | 35.84% | -1.73% | 33.14% |
IYZ iShares U.S. Telecommunications ETF | 23.32% | 29.28% | 20.53% | 3.90% | -30.29% | 11.69% | 4.13% | 16.14% | -8.59% | -11.86% |
Correlation
The correlation between TTMIX and IYZ is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2016 | 0.58 |
The correlation between TTMIX and IYZ shifts across timeframes, from 0.51 (3 years) to 0.64 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TTMIX vs. IYZ — Risk / Return Rank
TTMIX
IYZ
TTMIX vs. IYZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Return Fund Class I (TTMIX) 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.
| TTMIX | IYZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -3.38 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.43 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 4.90 | -5.02 |
| Martin ratioReturn relative to average drawdown | -0.29 | 17.91 | -18.20 |
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Drawdowns
TTMIX vs. IYZ - Drawdown Comparison
The maximum TTMIX drawdown since its inception was -47.11%, smaller than the maximum IYZ drawdown of -77.11%. Use the drawdown chart below to compare losses from any high point for TTMIX and IYZ.
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Drawdown Indicators
| TTMIX | IYZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.11% | -77.11% | +30.00% |
Max Drawdown (1Y)Largest decline over 1 year | -17.25% | -9.37% | -7.88% |
Max Drawdown (3Y)Largest decline over 3 years | -20.68% | -13.85% | -6.83% |
Max Drawdown (5Y)Largest decline over 5 years | -47.11% | -39.74% | -7.37% |
Max Drawdown (10Y)Largest decline over 10 years | -47.11% | -39.74% | -7.37% |
Current DrawdownCurrent decline from peak | -9.34% | -9.37% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -10.26% | -40.06% | +29.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.38% | 2.56% | +4.82% |
Volatility
TTMIX vs. IYZ - Volatility Comparison
The current volatility for T. Rowe Price Total Return Fund Class I (TTMIX) is 6.82%, while iShares U.S. Telecommunications ETF (IYZ) has a volatility of 7.59%. This indicates that TTMIX experiences smaller price fluctuations and is considered to be less risky 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
| TTMIX | IYZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 7.59% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.45% | 15.47% | -3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.71% | 18.76% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.36% | 18.91% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.78% | 19.28% | +1.50% |
TTMIX vs. IYZ - Expense Ratio Comparison
TTMIX has a 0.37% expense ratio, which is lower than IYZ's 0.42% expense ratio.
Dividends
TTMIX vs. IYZ - Dividend Comparison
TTMIX's dividend yield for the trailing twelve months is around 25.69%, more than IYZ's 1.69% 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% |
TTMIX T. Rowe Price Total Return Fund Class I | 25.69% | 25.27% | 7.45% | 7.80% | 17.43% | 8.53% | 5.27% | 2.44% | 1.41% | 2.47% | 2.23% | 0.00% |
Frequently Asked Questions
TTMIX and IYZ have a correlation of 0.51, 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 TTMIX (6.82%). In terms of maximum drawdown, TTMIX dropped -47.11% vs IYZ's -77.11%.
IYZ currently has the higher Sharpe Ratio (2.45 vs -0.14), 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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