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IYZvsQDEFETF Comparison

ETF 1

IYZ

iShares U.S. Telecommunications ETF

This fund is part of

US Communication Services Sector

+1.22%

Full IYZ fund page

VS

ETF 2

QDEF

Northern Trust Quality Dividend Defensive ETF

This fund is part of

US Multi-Factor

+0.08%

Full QDEF fund page

iShares U.S. Telecommunications ETF (IYZ) belongs to the US Communication Services Sector segment. Northern Trust Quality Dividend Defensive ETF (QDEF) is part of the US Multi-Factor segment. IYZ's top 3 sector exposures are Technology, Telecommunications and Consumer Services. In contrast, QDEF's top sector exposures are Technology, Finance and Healthcare. IYZ is less expensive with a Total Expense Ratio (TER) of 0.37%, versus 0.4% for QDEF. IYZ is up 13.71% year-to-date (YTD) with -$30M in YTD flows. QDEF performs worse with 12.7% YTD performance, and -$531K in YTD flows. Run a side-by-side ETF comparison of IYZ and QDEF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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IYZ vs QDEF performance and flow charts

Performance

Cumulative Flows

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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 11/03/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	IYZ QDEF	-11.22%+0.06%	-8.65%+1.46%	+13.71%+12.70%	+19.14%+14.91%	+86.47%+72.58%	+27.76%+76.24%
Flows	IYZ QDEF	-$254M-$2M	-$412M-$6M	-$30M-$531K	-$3M+$7M	+$210M+$16M	+$170M-$96M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	IYZ QDEF	+22.11%+8.01%	+21.77%+9.63%	+18.28%+11.83%	+19.67%+13.89%
Max drawdown	IYZ QDEF	-15.82%-2.82%	-17.79%-6.99%	-17.79%-14.47%	-37.49%-21.30%
Max drawdown duration	IYZ QDEF	83d61d	154d66d	154d191d	1316d566d

Trading data

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	IYZ	QDEF
Last sale 11/4/2026 at 8:42 PM	$38.34	$91.72
Previous close 11/03/2026	$38.10	$90.28
Consolidated volume 11/03/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 30, 2026

1-year trailing difference

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	IYZ	QDEF
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 11/4/2026 at 8:42 PM

Live

Closed

	IYZ	QDEF
Last price	$38.34	$91.72
1D performance	+0.62%	+1.60%
AuM	$710.56 M	$548.25 M
E/R	0.37%	0.4%

Characteristics

	IYZ	QDEF
Management strategy	Passive	Passive
Provider	iShares	Northern Trust
Benchmark	Russell 1000 Telecommunications RIC 22.5/45 Capped Index	Northern Trust Quality Dividend Defensive Index
N° of holdings	22	153
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	May 22, 2000	December 14, 2012
ESG	No	No

More IYZ data on Trackinsight

More QDEF data on Trackinsight

Exposure

Countries

IYZ

USA

95.12%

Other

4.88%

QDEF

USA

97.51%

Other

2.49%

Sectors

IYZ

Technology

53.31%

Telecommunication.

43.81%

Other

2.88%

QDEF

Technology

41.95%

Finance

13.38%

Healthcare

10.95%

Consumer Non-Cycl.

8.85%

Other

24.87%

Diversification

IYZ

Total weight of top 15 holdings out of 15

84.82%

QDEF

Total weight of top 15 holdings out of 15

45.08%

Top 15 holdings

Data as of September 30, 2026

IYZ

Cisco Systems, Inc.

22.67%

Arista Networks, Inc.

11.98%

Verizon Communications, Inc.

10.79%

AT&T, Inc.

4.47%

Space Exploration Technologies Corp.

3.79%

Lumentum Holdings, Inc.

3.48%

Motorola Solutions, Inc.

3.44%

T-Mobile US, Inc.

3.37%

Ciena Corp.

3.34%

Comcast Corp.

3.25%

Viavi Solutions, Inc.

2.96%

Ubiquiti, Inc.

2.92%

Roku, Inc.

2.88%

Iridium Communications, Inc.

2.75%

Globalstar, Inc.

2.74%

QDEF

Apple, Inc.

9.10%

NVIDIA Corp.

7.38%

Microsoft Corp.

4.59%

Johnson & Johnson

2.89%

Broadcom Inc.

2.75%

Alphabet, Inc.

2.41%

Philip Morris International, Inc.

2.11%

JPMorgan Chase & Co.

2.02%

Alphabet, Inc.

1.92%

Eli Lilly & Co.

1.88%

KLA Corp.

1.81%

Micron Technology, Inc.

1.68%

Meta Platforms, Inc.

1.61%

Lam Research Corp.

1.54%

QUALCOMM, Inc.

1.37%

Frequently asked questions about IYZ and QDEF

How have the IYZ and QDEF ETFs performed in 2026?

As of November 3, 2026, IYZ is up 13.71% year-to-date (YTD), while QDEF has returned 12.7%. That puts IYZ better performer ahead so far this year.

Which ETF is attracting more investor money: IYZ or QDEF?

Year-to-date, the IYZ ETF saw -$30M in flows, compared to -$531K for QDEF.

Which ETF is more volatile: IYZ or QDEF?

Over the past year, IYZ had a volatility of 21.77%, while QDEF experienced 9.63%.

Which ETF is bigger: IYZ or QDEF?

As of November 3, 2026, IYZ holds $710.56 M in assets under management (AUM), while QDEF manages $548.25 M.

What sectors do the IYZ and QDEF ETFs invest in?

IYZ leans toward sectors like Technology and Telecommunications. Meanwhile, QDEF focuses on Technology, Finance and Healthcare.

What are the top holdings of the IYZ ETF and QDEF ETF?

IYZ top holdings include Cisco Systems, Inc., Arista Networks, Inc. and Verizon Communications, Inc.. QDEF holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

Which ETF is more diversified: IYZ or QDEF?

IYZ holds 23 securities with 84.82% of its assets in the top 15. QDEF has 154 securities and a top 15 weight of 45.08%.

ETF Central's Ultimate Guide to Dividend Investing, Part 4: Dividend Quality ETFs

July 16, 2024

QDEF

IYZvsQDEFETF Comparison

iShares U.S. Telecommunications ETF

Northern Trust Quality Dividend Defensive ETF

IYZ vs QDEF 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 IYZ and QDEF ETFs performed in 2026?

As of November 3, 2026, IYZ is up 13.71% year-to-date (YTD), while QDEF has returned 12.7%. That puts IYZ better performer ahead so far this year.

Which ETF is attracting more investor money: IYZ or QDEF?

Year-to-date, the IYZ ETF saw -$30M in flows, compared to -$531K for QDEF.

Which ETF is more volatile: IYZ or QDEF?

Over the past year, IYZ had a volatility of 21.77%, while QDEF experienced 9.63%.

Which ETF is bigger: IYZ or QDEF?

As of November 3, 2026, IYZ holds $710.56 M in assets under management (AUM), while QDEF manages $548.25 M.

What sectors do the IYZ and QDEF ETFs invest in?

IYZ leans toward sectors like Technology and Telecommunications. Meanwhile, QDEF focuses on Technology, Finance and Healthcare.

What are the top holdings of the IYZ ETF and QDEF ETF?

IYZ top holdings include Cisco Systems, Inc., Arista Networks, Inc. and Verizon Communications, Inc.. QDEF holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..

Which ETF is more diversified: IYZ or QDEF?

IYZ holds 23 securities with 84.82% of its assets in the top 15. QDEF has 154 securities and a top 15 weight of 45.08%.

ETF Central's Ultimate Guide to Dividend Investing, Part 4: Dividend Quality ETFs

ETFs’ Next Act: From Access to Selection