IYZ — iShares U.S. Telecommunications ETF

IYZ Price Performance — Growth of $10,000

Value of a $10,000 investment in IYZ over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

IYZ Drawdown

The "underwater" chart: IYZ's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares U.S. Telecommunications ETF (IYZ) is a Communication Services fund managed by iShares with $1.24 billion in assets under management. It currently holds an overall rank of #25 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B+ with a score of 78.0. The fund charges an expense ratio of 0.38% and offers a dividend yield of 2.00%. Trading at a price of $40.79, the fund's asset size suggests a moderate level of investor adoption within its specific sector. It operates within a category containing four ETFs tracked by ETFValuer, positioning it as a significant player relative to the small group of peers. The combination of its B+ grade and top-tier overall ranking indicates a strong fundamental profile compared to the broader universe of funds. Its cost structure and income distribution align with typical characteristics for a large-cap sector fund in this space.

Recent performance data shows a sharp divergence between short-term results and long-term gains, with the fund posting a 1-day return of +0.52% and a 1-week return of -0.10%. Over the past month and quarter, the fund experienced declines of -1.07% and -1.20% respectively, indicating a period of recent weakness. However, the trend reversed significantly over the half-year period, delivering a robust return of +19.65%. Year-to-date performance has accelerated further to +20.67%, while the one-year return stands at a substantial +38.80%. The long-term trajectory is even more pronounced, with a three-year return reaching +94.43%. This pattern illustrates a recovery from recent short-term losses into a strong multi-year growth trend.

The fund carries a Moderate volatility label and a beta of 0.69, suggesting it is less volatile than the broader market and tends to move with reduced magnitude during market swings. A Sharpe ratio of 1.73 indicates that the fund has generated strong risk-adjusted returns relative to the volatility it has experienced. Despite this efficiency, the fund has faced a maximum drawdown of -13.85%, which represents the largest peak-to-trough decline recorded. This combination of a low beta and high Sharpe ratio implies that the fund has successfully navigated market fluctuations to deliver superior returns per unit of risk. The moderate volatility and limited drawdown depth suggest a defensive posture that may appeal to investors seeking stability alongside growth. These metrics collectively describe a fund that has managed downside risk effectively while capturing significant upside over the three-year period.

AI-generated summary based on the data on this page.

IYZ Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 73.6% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how IYZ's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With IYZ

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with IYZ's top 10 — VOX overlaps most, holding 4 of the same companies as IYZ's top 10 (34.3% of IYZ's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

IYZ Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 6.88% and average daily volume is 1.4M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.24B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: IYZ is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

IYZ Performance History

How IYZ Compares to Other Communication Services ETFs