XLI vs. IYZ
XLI (Industrial Select Sector SPDR Fund) and IYZ (iShares U.S. Telecommunications ETF) are both exchange-traded funds - XLI is a Industrials Equities fund tracking the Industrial Select Sector Index, while IYZ is a Communications Equities fund tracking the Dow Jones U.S. Select Telecommunications Index. Both are passively managed. Over the past 10 years, XLI returned 13.86%/yr vs 5.76%/yr for IYZ. A 0.65 correlation means they provide meaningful diversification when combined. XLI charges 0.08%/yr vs 0.42%/yr for IYZ.
Performance
XLI vs. IYZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XLI achieves a 12.25% return, which is significantly lower than IYZ's 26.58% return. Over the past 10 years, XLI has outperformed IYZ with an annualized return of 13.86%, while IYZ has yielded a comparatively lower 5.76% annualized return.
XLI
- 1D
- -0.32%
- 1M
- 0.25%
- YTD
- 12.25%
- 6M
- 13.16%
- 1Y
- 21.42%
- 3Y*
- 21.04%
- 5Y*
- 12.54%
- 10Y*
- 13.86%
IYZ
- 1D
- 0.40%
- 1M
- 3.16%
- YTD
- 26.58%
- 6M
- 29.19%
- 1Y
- 51.92%
- 3Y*
- 28.42%
- 5Y*
- 7.24%
- 10Y*
- 5.76%
XLI vs. IYZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLI Industrial Select Sector SPDR Fund | 12.25% | 19.35% | 17.31% | 18.13% | -5.57% | 21.08% | 10.91% | 29.08% | -13.25% | 23.98% |
IYZ iShares U.S. Telecommunications ETF | 26.58% | 29.28% | 20.53% | 3.90% | -30.29% | 11.69% | 4.13% | 16.14% | -8.59% | -11.86% |
Correlation
The correlation between XLI and IYZ is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 30, 2000 | 0.65 |
The correlation between XLI and IYZ shifts across timeframes, from 0.56 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XLI vs. IYZ — Risk / Return Rank
XLI
IYZ
XLI vs. IYZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Industrial Select Sector SPDR Fund (XLI) 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.
| XLI | IYZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.50 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 7.11 | -5.35 |
| Martin ratioReturn relative to average drawdown | 6.97 | 26.20 | -19.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XLI | IYZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 2.84 | -1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.39 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.30 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.07 | +0.39 |
Drawdowns
XLI vs. IYZ - Drawdown Comparison
The maximum XLI drawdown since its inception was -62.26%, smaller than the maximum IYZ drawdown of -77.11%. Use the drawdown chart below to compare losses from any high point for XLI and IYZ.
Loading charts...
Drawdown Indicators
| XLI | IYZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.26% | -77.11% | +14.85% |
Max Drawdown (1Y)Largest decline over 1 year | -12.21% | -7.33% | -4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -13.85% | -4.64% |
Max Drawdown (5Y)Largest decline over 5 years | -21.64% | -39.74% | +18.10% |
Max Drawdown (10Y)Largest decline over 10 years | -42.33% | -39.74% | -2.59% |
Current DrawdownCurrent decline from peak | -2.67% | -6.96% | +4.29% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -40.13% | +30.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 1.99% | +1.09% |
Volatility
XLI vs. IYZ - Volatility Comparison
The current volatility for Industrial Select Sector SPDR Fund (XLI) is 3.98%, while iShares U.S. Telecommunications ETF (IYZ) has a volatility of 8.23%. This indicates that XLI 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.
Loading charts...
Volatility by Period
| XLI | IYZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 8.23% | -4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 12.84% | 15.34% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.47% | 18.43% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 18.84% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 19.29% | +0.70% |
XLI vs. IYZ - Expense Ratio Comparison
XLI has a 0.08% expense ratio, which is lower than IYZ's 0.42% expense ratio.
Dividends
XLI vs. IYZ - Dividend Comparison
XLI's dividend yield for the trailing twelve months is around 1.18%, less than IYZ's 1.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 1.57% | 2.04% | 1.94% | 2.27% | 2.55% | 2.51% | 2.60% | 2.36% | 2.15% | 3.54% | 2.27% | 1.98% |
XLI Industrial Select Sector SPDR Fund | 1.18% | 1.29% | 1.44% | 1.63% | 1.63% | 1.25% | 1.55% | 1.94% | 2.15% | 1.77% | 2.07% | 2.15% |
Frequently Asked Questions
XLI and IYZ have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYZ has higher volatility (8.23%) compared to XLI (3.98%). In terms of maximum drawdown, XLI dropped -62.26% vs IYZ's -77.11%.
On 10-year performance, XLI leads with 13.86% vs 5.76% for IYZ. On fees, XLI is cheaper at 0.08% per year. On volatility, XLI has been the lower-risk option at 3.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, XLI has performed better with a 13.86% return vs 5.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLI is cheaper with a 0.08% expense ratio, compared with 0.42% for IYZ.
IYZ has the higher dividend yield at 1.57%, compared with 1.18% for XLI.
XLI is categorized as Industrials Equities, while IYZ is Communications Equities. XLI tracks Industrial Select Sector Index, while IYZ tracks Dow Jones U.S. Select Telecommunications Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.08% for XLI and 0.42% for IYZ.
IYZ currently has the higher Sharpe Ratio (2.84 vs 1.39), 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.
Find the right allocation for XLI and IYZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer