ETF Evaluator:
iShares Transportation Average ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Industrials Over the Last Year
| 115.3% | Leverage Shares 2X Long UNH Daily ETF (UNHG) |
| 63.0% | Stt Strt® SPDR® S&PKenshoFnlFrntrsETF (ROKT) |
| 58.9% | SonicShares™ Global Shipping ETF (BOAT) |
| 45.9% | Aztlan NA Nearshoring Stk Sel ETF (NRSH) |
| 39.7% | US Global Sea to Sky Cargo ETF (SEA) |
Risk
Index
Risk
Index
ETF Details
iShares Transportation Average ETF Overview
iShares Transportation Average ETF (IYT) is a passively managed Sector Equity Industrials exchange-traded fund (ETF). iShares launched the ETF in 2003.
The investment seeks to track the investment results of the S&P Transportation Select Industry FMC Capped Index composed of U.S. equities in the transportation sector.
The fund generally will invest at least 80% of its assets in the component securities of its underlying index. The underlying index measures the performance of companies within the transportation sector of the U.S. equity market as determined by S&P Dow Jones Indices LLC. The fund is non-diversified.
About iShares Transportation Average ETF (IYT)
There are 4 members of the management team with an average tenure of 4.48 years: Jennifer Hsui (2012), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P US TMI TR USD index with a weighting of 100% and S&P Tran Select Indust FMC Cap TR USD index with a weighting of 100%. iShares Transportation Average ETF has 48 securities in its portfolio. The top 10 holdings constitute 72.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares Transportation Average ETF is part of the Equity global asset class and is within the Sector Equity ETF group. iShares Transportation Average ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.6% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares Transportation Average ETF has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $2 billion in total assets, which is above the $1 billion average for the Industrials category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IYT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares Transportation Average ETF expense ratio is below average compared to funds in the Industrials category. iShares Transportation Average ETF has an expense ratio of 0.38%, which is 25% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares Transportation Average ETF has a portfolio turnover rate of 13%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 40% for the Industrials category.
Recently, in the month of July 2026, iShares Transportation Average ETF returned -2.1%, which earned it a grade of C, as the Industrials category had an average return of -4.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares Transportation Average ETF has a trailing yield of 0.92%, which is below the 1.11% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares Transportation Average ETF Grades
Year to date, the ETF has returned 14.6%, 2.0 percentage points better than the category, which translates into a grade of C. The fund has returned 26.2% over the past year (grade of B), 9.6% over the past three years (grade of F) and 7.5% per year over the past five years (grade of D) and 10.5% per year over the past 10 years (grade of F).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about iShares Transportation Average ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
IYT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IYT Return (NAV) | -2.1% | 4.7% | 26.2% | 9.6% | 7.5% | 10.5% |
| IYT Return (Price) | -2.1% | 4.6% | 26.1% | 9.6% | 7.5% | 10.5% |
| NAV +/- Price Return | -0.001% | 0.074% | 0.050% | 0.018% | 0.005% | 0.002% |
| Industrials Avg | -4.0% | -1.4% | 24.7% | 17.8% | 11.5% | 13.6% |
| IYT Grade (NAV) | C | B | B | F | D | F |
| +/- Category (NAV) | 1.8% | 6.2% | 1.5% | -8.2% | -4.0% | -3.1% |
| IYT Tax-Cost Ratio | na | na | 0.3% | 0.3% | 0.3% | 0.3% |
IYT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IYT Return (NAV) | 14.6% | 11.5% | 4.1% | 24.5% | -21.7% | 26.3% | 14.2% | 20.2% | -12.8% | 18.9% | 22.1% |
| IYT Return (Price) | 14.5% | 11.5% | 4.1% | 24.6% | -21.7% | 26.4% | 14.2% | 20.1% | -12.9% | 18.9% | 22.2% |
| NAV +/- Price Ret | -0.004% | -0.001% | -0.004% | 0.005% | 0.001% | 0.002% | -0.003% | -0.2% | 0.3% | -0.2% | 0.5% |
| Industrials Avg | 12.6% | 27.1% | 14.2% | 21.4% | -12.8% | 20.7% | 15.4% | 30.3% | -13.4% | 22.8% | 22.1% |
| IYT Grade (NAV) | C | F | D | B | D | B | B | F | B | D | B |
| +/- Category | 2.0% | -15.6% | -10.1% | 3.1% | -8.9% | 5.7% | -1.2% | -10.1% | 0.6% | -3.8% | -0.0% |
| Risk Measures | |
| Beta: | 1.30 |
| R-Squared: | 73% |
| Standard Deviation: | 19.2% |
| Category Risk Index: | 0.93 |
| Category Risk Rating: | Average |
| Total Risk Index: | 1.57 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 0.9% |
| Total Assets: | $ 2,234 Mil |
| Share Class Assets: | $ 2,234 Mil |
| Turnover: | 13.0% |
| Expense Ratio: | 0.38% |
| Index Fund: | Yes |
| Index Tracked: | S&P US TMI TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 13.9 years | |||
| Average Tenure: 4.5 years | |||
| Managers (Year): Hsui Jennifer (2012), Sietsema Peter (2025), Waldron Matt (2025), White Steven (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 48 |
| % in Top 10 Holdings: | 72.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.6% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | au.ishares.com |
| Inception Date: | October 6, 2003 |
Expenses and Fees
| Expense Ratio (%): | 0.38% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.51% |
