VIS vs. IYJ

Last updated Jun 23, 2026

VIS (Vanguard Industrials ETF) and IYJ (iShares U.S. Industrials ETF) are both Industrials Equities funds - VIS tracks the MSCI US Investable Market Industrials 25/50 Index while IYJ tracks the Dow Jones U.S. Industrials Index. Both are passively managed. Over the past 10 years, VIS returned 14.85%/yr vs 13.04%/yr for IYJ. With a 0.98 correlation, they move nearly in lockstep. VIS charges 0.09%/yr vs 0.38%/yr for IYJ.

Performance

VIS vs. IYJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Industrials ETF (VIS) and iShares U.S. Industrials ETF (IYJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIS achieves a 19.57% return, which is significantly higher than IYJ's 10.17% return. Over the past 10 years, VIS has outperformed IYJ with an annualized return of 14.85%, while IYJ has yielded a comparatively lower 13.04% annualized return.

VIS

• 1D: 0.66%
• 1M: 5.89%
• YTD: 19.57%
• 6M: 17.53%
• 1Y: 33.16%
• 3Y*: 23.08%
• 5Y*: 14.26%
• 10Y*: 14.85%

IYJ

• 1D: 0.30%
• 1M: 4.36%
• YTD: 10.17%
• 6M: 8.63%
• 1Y: 19.98%
• 3Y*: 17.87%
• 5Y*: 9.21%
• 10Y*: 13.04%

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

VIS vs. IYJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIS Vanguard Industrials ETF	19.57%	18.57%	16.85%	22.50%	-8.57%	20.80%	12.34%	30.09%	-14.01%	21.47%
IYJ iShares U.S. Industrials ETF	10.17%	11.94%	17.82%	19.94%	-13.53%	17.02%	17.37%	32.27%	-11.69%	23.98%

Correlation

The correlation between VIS and IYJ is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004	0.98

The correlation between VIS and IYJ has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.

VIS vs. IYJ - Sectors Allocation Comparison

Sectors	VIS	IYJ
Industrials	90.2%	69.0%
Technology	4.2%	7.8%
Utilities	3.8%	3.4%
Consumer Cyclical	1.1%	1.6%
Financial Services	0.2%	17.0%
Energy	0.2%	-
Basic Materials	0.1%	4.1%
Communication Services	0.0%	-
Real Estate	0.0%	-
Healthcare	0.0%	0.4%
Consumer Defensive	-	-

Return for Risk

VIS vs. IYJ — Risk / Return Rank

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

VIS

VIS Risk / Return Rank: 59
VIS Sharpe Ratio Rank: 60
VIS Sortino Ratio Rank: 59
VIS Omega Ratio Rank: 54
VIS Calmar Ratio Rank: 56
VIS Martin Ratio Rank: 64

IYJ

IYJ Risk / Return Rank: 37
IYJ Sharpe Ratio Rank: 37
IYJ Sortino Ratio Rank: 38
IYJ Omega Ratio Rank: 34
IYJ Calmar Ratio Rank: 36
IYJ Martin Ratio Rank: 41

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.

VIS vs. IYJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Industrials ETF (VIS) and iShares U.S. Industrials ETF (IYJ). 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.

	VIS	IYJ	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.29	+0.65
Sortino ratio: Return per unit of downside risk	2.71	1.89	+0.81
Omega ratio: Gain probability vs. loss probability	1.33	1.22	+0.10
Calmar ratio: Return relative to maximum drawdown	2.71	1.76	+0.95
Martin ratio: Return relative to average drawdown	11.22	6.34	+4.88

VIS vs. IYJ - Sharpe Ratio Comparison

The current VIS Sharpe Ratio is 1.93, which is higher than the IYJ Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of VIS and IYJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VIS vs. IYJ - Drawdown Comparison

The maximum VIS drawdown since its inception was -63.51%, roughly equal to the maximum IYJ drawdown of -61.97%. Use the drawdown chart below to compare losses from any high point for VIS and IYJ.

Drawdown Indicators

	VIS	IYJ	Difference
Max Drawdown Largest peak-to-trough decline	-63.51%	-61.97%	-1.54%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	-11.39%	-0.90%
Max Drawdown (3Y) Largest decline over 3 years	-20.80%	-19.67%	-1.13%
Max Drawdown (5Y) Largest decline over 5 years	-22.96%	-26.24%	+3.28%
Max Drawdown (10Y) Largest decline over 10 years	-42.42%	-40.20%	-2.22%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.36%	-11.19%	+2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	3.16%	-0.20%

Volatility

VIS vs. IYJ - Volatility Comparison

Vanguard Industrials ETF (VIS) has a higher volatility of 6.13% compared to iShares U.S. Industrials ETF (IYJ) at 5.36%. This indicates that VIS's price experiences larger fluctuations and is considered to be riskier than IYJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIS	IYJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	5.36%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	14.16%	12.47%	+1.69%
Volatility (1Y) Calculated over the trailing 1-year period	17.26%	15.63%	+1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.47%	18.13%	+0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.50%	19.92%	+0.58%

VIS vs. IYJ - Expense Ratio Comparison

VIS has a 0.09% expense ratio, which is lower than IYJ's 0.38% expense ratio.

Dividends

VIS vs. IYJ - Dividend Comparison

VIS's dividend yield for the trailing twelve months is around 0.85%, more than IYJ's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYJ iShares U.S. Industrials ETF	0.72%	0.83%	0.88%	1.05%	1.05%	0.76%	1.01%	1.32%	1.43%	1.29%	1.38%	1.53%
VIS Vanguard Industrials ETF	0.85%	1.01%	1.23%	1.36%	1.52%	1.11%	1.38%	1.68%	1.90%	1.60%	1.81%	1.94%

Frequently Asked Questions

Can I hold both VIS and IYJ in my portfolio?

With a correlation of 0.95, VIS and IYJ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VIS or IYJ?

VIS has higher volatility (6.13%) compared to IYJ (5.36%). In terms of maximum drawdown, VIS dropped -63.51% vs IYJ's -61.97%.

Which ETF is better, VIS or IYJ?

On 10-year performance, VIS leads with 14.85% vs 13.04% for IYJ. On fees, VIS is cheaper at 0.09% per year. On volatility, IYJ has been the lower-risk option at 5.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VIS or IYJ?

Over the 10-year period, VIS has performed better with a 14.85% return vs 13.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VIS or IYJ?

VIS is cheaper with a 0.09% expense ratio, compared with 0.38% for IYJ.

Which ETF pays a higher dividend yield, VIS or IYJ?

VIS has the higher dividend yield at 0.85%, compared with 0.72% for IYJ.

What is the main difference between VIS and IYJ?

VIS tracks MSCI US Investable Market Industrials 25/50 Index, while IYJ tracks Dow Jones U.S. Industrials Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VIS and 0.38% for IYJ.

Which has better risk-adjusted returns?

VIS currently has the higher Sharpe Ratio (1.93 vs 1.29), 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.