BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

HWAYvsIYTETF Comparison

ETF 1

HWAY

Themes US Infrastructure ETF

This fund is part of

Infrastructure

+0%

Full HWAY fund page

VS

ETF 2

IYT

iShares U.S. Transportation ETF

This fund is part of

US Industrials

+0.01%

Full IYT fund page

Themes US Infrastructure ETF (HWAY) belongs to the Infrastructure segment. iShares U.S. Transportation ETF (IYT) is part of the US Industrials segment. HWAY's top 3 sector exposures are Industrials, Non-Energy Materials and Consumer Cyclicals. In contrast, IYT's top sector exposures are Industrials, Consumer Cyclicals and Non-Corporate. HWAY is less expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.38% for IYT. HWAY is up 24.17% year-to-date (YTD) with +$1M in YTD flows. IYT performs worse with 18.74% YTD performance, and +$1.10B in YTD flows. Run a side-by-side ETF comparison of HWAY and IYT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

HWAY vs IYT performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	HWAY IYT	-1.02%+3.18%	+4.45%+8.40%	+24.17%+18.74%	+31.23%+26.19%	n/a+39.54%	n/a+44.49%
Flows	HWAY IYT	+$378K-$234M	+$752K+$321M	+$1M+$1.10B	+$2M+$1.25B	-+$776M	-+$345M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	HWAY IYT	+23.38%+21.97%	+20.64%+20.53%	n/a+21.62%	n/a+22.35%
Max drawdown	HWAY IYT	-7.46%-4.85%	-12.66%-12.03%	n/a-26.31%	n/a-29.10%
Max drawdown duration	HWAY IYT	29d8d	59d54d	n/a372d	n/a764d

Trading data

Create an account to view trading data

Join for free

	HWAY	IYT
Last sale 7/24/2026 at 1:30 PM	$38.42	$88.02
Previous close 07/23/2026	$38.22	$88.19
Consolidated volume 07/23/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

Create an account to view replication quality

Join for free

	HWAY	IYT
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/24/2026 at 1:30 PM

Live

Closed

	HWAY	IYT
Last price	$38.42	$88.02
1D performance	+0.53%	-0.19%
AuM	$3.84 M	$2.32 B
E/R	0.29%	0.38%

Characteristics

	HWAY	IYT
Management strategy	Passive	Passive
Provider	Themes Management Company	iShares
Benchmark	Solactive United States Infrastructure Index	S&P Transportation Select Industry FMC Capped index (USD)
N° of holdings	99	44
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	September 12, 2024	October 6, 2003
ESG	No	No

More HWAY data on Trackinsight

More IYT data on Trackinsight

Exposure

Countries

HWAY

USA

99.66%

Other

0.34%

IYT

USA

97.91%

Other

2.09%

Sectors

HWAY

Industrials

74.47%

Non-Energy Materi.

24.69%

Other

0.84%

IYT

Industrials

96.8%

Other

3.2%

Diversification

HWAY

Total weight of top 15 holdings out of 15

55.88%

IYT

Total weight of top 15 holdings out of 15

84.3%

Top 15 holdings

Data as of June 30, 2026

HWAY

Caterpillar, Inc.

5.19%

Quanta Services, Inc.

4.85%

CSX Corp.

4.46%

Union Pacific Corp.

4.38%

Deere & Co.

4.06%

Parker-Hannifin Corp.

4.05%

Emerson Electric Co.

4.05%

CRH Plc

3.78%

United Rentals, Inc.

3.54%

Norfolk Southern Corp.

3.53%

Comfort Systems USA, Inc.

3.27%

W.W. Grainger, Inc.

2.93%

Nucor Corp.

2.78%

Fastenal Co.

2.72%

Westinghouse Air Brake Technologies Corp.

2.29%

IYT

Union Pacific Corp.

15.83%

Uber Technologies, Inc.

14.40%

CSX Corp.

8.66%

United Parcel Service, Inc.

5.69%

United Airlines Holdings, Inc.

5.51%

Delta Air Lines, Inc.

5.29%

Norfolk Southern Corp.

4.39%

FedEx Corp.

4.23%

Old Dominion Freight Line, Inc.

3.96%

Southwest Airlines Co.

3.14%

XPO, Inc.

3.01%

C.H. Robinson Worldwide, Inc.

2.77%

J.B. Hunt Transport Services, Inc.

2.69%

Expeditors International of Washington, Inc.

2.66%

US3143521058

2.05%

Frequently asked questions about HWAY and IYT

How have the HWAY and IYT ETFs performed in 2026?

As of July 24, 2026, HWAY is up 24.17% year-to-date (YTD), while IYT has returned 18.74%. That puts HWAY better performer ahead so far this year.

Which ETF is attracting more investor money: HWAY or IYT?

Year-to-date, the HWAY ETF saw +$1M in flows, compared to +$1.10B for IYT.

Which ETF is more volatile: HWAY or IYT?

Over the past year, HWAY had a volatility of 20.64%, while IYT experienced 20.53%.

Which ETF is bigger: HWAY or IYT?

As of July 24, 2026, HWAY holds $3.84 M in assets under management (AUM), while IYT manages $2.32 B.

What sectors do the HWAY and IYT ETFs invest in?

HWAY leans toward sectors like Industrials and Non-Energy Materials. Meanwhile, IYT focuses on Industrials.

What are the top holdings of the HWAY ETF and IYT ETF?

HWAY top holdings include Caterpillar, Inc., Quanta Services, Inc. and CSX Corp.. IYT holds in its top three: Union Pacific Corp., Uber Technologies, Inc. and CSX Corp..

Which ETF is more diversified: HWAY or IYT?

HWAY holds 99 securities with 55.88% of its assets in the top 15. IYT has 44 securities and a top 15 weight of 84.3%.

Notable ETF Filings Recap: April 2024

May 2, 2024

IYT

HWAYvsIYTETF Comparison

Themes US Infrastructure ETF

iShares U.S. Transportation ETF

HWAY vs IYT performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the HWAY and IYT ETFs performed in 2026?

As of July 24, 2026, HWAY is up 24.17% year-to-date (YTD), while IYT has returned 18.74%. That puts HWAY better performer ahead so far this year.

Which ETF is attracting more investor money: HWAY or IYT?

Year-to-date, the HWAY ETF saw +$1M in flows, compared to +$1.10B for IYT.

Which ETF is more volatile: HWAY or IYT?

Over the past year, HWAY had a volatility of 20.64%, while IYT experienced 20.53%.

Which ETF is bigger: HWAY or IYT?

As of July 24, 2026, HWAY holds $3.84 M in assets under management (AUM), while IYT manages $2.32 B.

What sectors do the HWAY and IYT ETFs invest in?

HWAY leans toward sectors like Industrials and Non-Energy Materials. Meanwhile, IYT focuses on Industrials.

What are the top holdings of the HWAY ETF and IYT ETF?

HWAY top holdings include Caterpillar, Inc., Quanta Services, Inc. and CSX Corp.. IYT holds in its top three: Union Pacific Corp., Uber Technologies, Inc. and CSX Corp..

Which ETF is more diversified: HWAY or IYT?

HWAY holds 99 securities with 55.88% of its assets in the top 15. IYT has 44 securities and a top 15 weight of 84.3%.

Notable ETF Filings Recap: April 2024

Expert-Built ETF Portfolios, All in One Place