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 is a Communication Services fund managed by iShares with $1.06 billion in assets. It holds a B grade and ranks first among the four tracked funds in its category, placing it at number 120 overall. The fund charges an expense ratio of 0.37%, which is significantly higher than the category median of 0.087%. It offers a dividend yield of 1.75%, outperforming the median of 1.17%. The top ten holdings comprise 75.0% of assets, with Cisco Systems, Inc. representing the largest single position at 22.6%.

The fund’s price sits at 48.8% of its 52-week range, reflecting a recent downgrade from B+ to B on 2026-10-15. Short-term returns show weakness, with one-month and three-month figures of -7.47% and -5.00% respectively. This contrasts with a strong one-year return of 21.27%, which substantially exceeds the category median of -1.63%. The three-year return stands at 101.22%, indicating significant long-term growth despite recent volatility. Price history is available for only 3.0 years, limiting the depth of historical analysis.

With a beta of 0.72, the ETF has moved less than the broader market over the measured period. Annualized volatility of 21.46% is classified as moderate, while the maximum drawdown reached -15.80%. A Sharpe ratio of 0.76 suggests reasonable risk-adjusted returns relative to the risk taken. Liquidity is supported by an average daily volume of 828,768 shares. These metrics collectively describe a fund that has experienced moderate swings but maintained steady relative performance.

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

IYZ Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 75.0% 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 — VLUE overlaps most, holding 4 of the same companies as IYZ's top 10 (41.5% 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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

IYZ Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 829K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $1.06B 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