IYT — iShares Transportation Average ETF
Industrials Ranked #285 of 458 tracked ETFs · Issued by iShares
IYT Price Performance — Growth of $10,000
Value of a $10,000 investment in IYT 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.
IYT Drawdown
The "underwater" chart: IYT'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.
What If You'd Invested in IYT?
See what a lump sum in IYT would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The iShares Transportation Average ETF (IYT) is an Industrials sector fund managed by iShares with $2.25 billion in assets under management. It currently holds an overall rank of #285 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 57.6 out of 100. The fund charges an expense ratio of 0.38% and offers a dividend yield of 2.14%. Trading at a price of $88.02, the fund's substantial asset base suggests significant investor adoption within the 9 ETFs tracked in the Industrials category. This combination of size and ranking positions the fund as a mid-tier option among its peers in terms of overall evaluation metrics.
Over the last day, the fund declined by 0.19% before falling further by 1.33% over the week. However, the trend reversed over the month with a gain of 3.19%, followed by a stronger 8.06% increase over three months. The momentum continued to accelerate into the six-month period with a 13.92% return, while year-to-date performance reached 17.49%. The one-year return stands at 24.61%, and the three-year return totals 36.41%. This pattern indicates a divergence where short-term weekly weakness contrasts with sustained positive growth over longer horizons.
The fund carries a Moderate volatility label and a beta of 1.31, indicating it tends to move more aggressively than the broader market. A Sharpe ratio of 0.96 suggests the fund has generated a moderate amount of excess return per unit of risk taken. The maximum drawdown of -26.35% highlights the potential for significant temporary losses during market downturns. This combination of figures implies that while the fund offers higher potential returns during up markets due to its elevated beta, it also exposes investors to deeper declines and higher volatility compared to less aggressive assets.
AI-generated summary based on the data on this page.
IYT Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | UNION PACIFIC CORPORATION | 16.51% | $335M |
| 2 | UBER TECHNOLOGIES, INC. | 15.86% | $321M |
| 3 | FEDEX CORPORATION | 9.01% | $183M |
| 4 | DELTA AIR LINES, INC. | 4.80% | $97M |
| 5 | CSX Corporation | 4.70% | $95M |
| 6 | OLD DOMINION FREIGHT LINE, INC. | 4.70% | $95M |
| 7 | UNITED PARCEL SERVICE, INC. | 4.50% | $91M |
| 8 | NORFOLK SOUTHERN CORPORATION | 4.43% | $90M |
| 9 | UNITED AIRLINES HOLDINGS, INC. | 4.14% | $84M |
| 10 | XPO, INC. | 3.69% | $75M |
Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 72.3% 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 IYT's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With IYT
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with IYT's top 10 — PAVE overlaps most, holding 3 of the same companies as IYT's top 10 (25.6% of IYT's assets).
| ETF | Name | Shared Companies | IYT Weight | Examples |
|---|---|---|---|---|
| PAVE | Global X U.S. Infrastructure Development ETF | 3 | 25.6% | UNION PACIFIC CORPORATION, CSX Corporation, NORFOLK SOUTHERN CORPORATION |
| XLI | State Street Industrial Select Sector SPDR ETF | 2 | 32.4% | UNION PACIFIC CORPORATION, UBER TECHNOLOGIES, INC. |
| FIDU | Fidelity MSCI Industrials Index ETF | 2 | 32.4% | UNION PACIFIC CORPORATION, UBER TECHNOLOGIES, INC. |
| JETS | U.S. Global Jets ETF | 2 | 8.9% | DELTA AIR LINES, INC., UNITED AIRLINES HOLDINGS, INC. |
| IYJ | iShares U.S. Industrials ETF | 1 | 16.5% | UNION PACIFIC CORPORATION |
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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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.
What IYT's Fees Cost You
IYT charges an expense ratio of 0.38% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
IYT Dividend Income Estimator
IYT currently yields 2.14%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
IYT Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.63% and average daily volume is 702K/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 $2.25B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: IYT 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.
IYT Performance History
| Period | Return |
|---|---|
| 1-Day | -0.19% |
| 1-Week | -1.33% |
| 1-Month | +3.19% |
| 3-Month | +8.06% |
| 6-Month | +13.92% |
| YTD | +17.49% |
| 1-Year | +24.61% |
| 3-Year | +36.41% |
How IYT Compares to Other Industrials ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #85 | B |
XLI | State Street Industrial Select Sector SPDR ETF | +20.35% | 0.08% | $34.0B |
| #118 | B |
ITA | iShares U.S. Aerospace & Defense ETF | +22.59% | 0.38% | $14.4B |
| #145 | B |
VIS | Vanguard Industrials Index Fund ETF Shares | +20.93% | 0.09% | $9.03B |
| #153 | B |
PAVE | Global X U.S. Infrastructure Development ETF | +26.07% | 0.47% | $14.6B |
| #168 | B |
FIDU | Fidelity MSCI Industrials Index ETF | +20.81% | 0.084% | $2.36B |
| #194 | C |
XAR | State Street SPDR S&P Aerospace & Defense ETF | +22.11% | 0.35% | $6.47B |
| #285 | C |
IYT | iShares Transportation Average ETF | +24.61% | 0.38% | $2.25B |
| #349 | C |
IYJ | iShares U.S. Industrials ETF | +12.75% | 0.38% | $1.87B |
| #356 | C |
XTN | State Street SPDR S&P Transportation ETF | +30.65% | 0.35% | $367M |