At a glance
IYC charges 0.37% a year, above the 0.31% average of the 8 funds most like it (the 5th cheapest of 9). It has $1.19B in assets, the 4th largest of that group; it paid 0.53% of its price in distributions over the past 12 months, quarterly. Over the past year it returned −4.2% with distributions reinvested (S&P 500: +11.5%), 6th of those 9 funds; over three years it returned +17.0% a year. At its worst it fell 33.3% in the 2020 crash (S&P 500: 33.7%) and 34.7% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 4 months and 25 months after the lows. Its ten largest positions make up 49.9% of the fund, out of 157 in all.
The short version
The iShares U.S. Consumer Discretionary ETF (IYC) is a BlackRock index fund holding large and mid-size U.S. companies that rely on consumer spending, from Amazon and Tesla to Walmart, Costco and Netflix. It offers targeted exposure to shopping, travel and entertainment. Drawbacks: a 0.37% expense ratio, far above the 0.08% to 0.09% of similar SPDR, Vanguard and Fidelity funds, and concentration: Amazon was about 16% of assets as of July 31, 2026.
Price history
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IYC -4.2% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| IYC official prospectus, to Dec 31, 2025 | — | +7.76% | — | +8.52% | +11.89% | — |
| Russell3000Index index, same period | — | +17.15% | — | +13.15% | +14.29% | — |
| IYC price data to Oct 27, 2026 | -3.0% | -4.2% | +17.0% | +4.4% | +11.5% | +9.9% |
- Over the year to Oct 27, 2026, IYC returned -4.2%, 6th of 9 among similar funds.
- Its 5-year annualized return was +4.4% and its 10-year +11.5%.
- In the 2020 COVID crash it fell 33.3% and regained its old high 4.4 months after the low.
- Its worst full calendar year was 2022 (-31.8%); its best was 2013 (+40.9%).
- The deepest fall in its price history was 53.8% (Jun 4, 2007 to Mar 9, 2009), recovered by Feb 16, 2011.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -3.0% | — |
| 2025 | +7.9% | +7.76% |
| 2024 | +27.6% | +27.59% |
| 2023 | +34.0% | +34.10% |
| 2022 | -31.8% | -31.78% |
| 2021 | +19.6% | +19.62% |
| 2020 | +24.6% | +24.47% |
| 2019 | +27.4% | +27.45% |
| 2018 | +1.8% | +1.80% |
| 2017 | +19.9% | +19.88% |
| 2016 | +5.6% | +5.53% |
| 2015 | +6.1% | — |
| 2014 | +14.5% | — |
| 2013 | +40.9% | — |
| 2012 | +22.0% | — |
| 2011 | +5.8% | — |
| 2010 | +22.3% | — |
| 2009 | +31.4% | — |
| 2008 | -31.3% | — |
| 2007 | -8.1% | — |
| 2006 | +13.3% | — |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 51.9% over that stretch · deepest drop along the way 51.9%, back to its old high 22.6 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 33.3% over that stretch · deepest drop along the way 33.3%, back to its old high 4.4 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 31.8% over that stretch · deepest drop along the way 34.7%, back to its old high 25 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.4200 | |
| 2025 | $0.5300 | +15.2% |
| 2024 | $0.4600 | -11.5% |
| 2023 | $0.5200 | +33.3% |
| 2022 | $0.3900 | +21.9% |
| 2021 | $0.3200 | -30.4% |
| 2020 | $0.4600 | -9.8% |
| 2019 | $0.5100 | +25.9% |
| 2018 | $0.4050 | -2.4% |
| 2017 | $0.4150 | -0.6% |
| 2016 | $0.4175 | +12.1% |
| 2015 | $0.3725 | +38.0% |
| 2014 | $0.2700 | +34.7% |
| 2013 | $0.2005 | +142.7% |
| 2012 | $0.0826 | +68.9% |
| 2011 | $0.0489 | +17.0% |
| 2010 | $0.0418 | +13.6% |
| 2009 | $0.0368 | -13.6% |
| 2008 | $0.0426 | +58.4% |
| 2007 | $0.0269 | +6.3% |
| 2006 | $0.0253 |
What's inside
As of Jul 31, 2026, the fund held 157 securities; the ten largest made up 49.94% of assets.
| Holding | Weight | |
|---|---|---|
| AMAZON.COM, INC. | 16.00% | |
| TESLA, INC. | 6.50% | |
| WALMART INC. | 4.19% | |
| COSTCO WHOLESALE CORPORATION | 4.17% | |
| THE HOME DEPOT, INC. | 4.02% | |
| NETFLIX, INC. | 3.69% | |
| MCDONALD'S CORPORATION | 3.18% | |
| THE TJX COMPANIES, INC. | 2.88% | |
| THE WALT DISNEY COMPANY | 2.83% | |
| BOOKING HOLDINGS INC. | 2.47% | |
| UBER TECHNOLOGIES, INC. | 2.28% | |
| STARBUCKS CORPORATION | 1.99% | |
| LOWE'S COMPANIES, INC. | 1.93% | |
| MARRIOTT INTERNATIONAL, INC. | 1.35% | |
| GENERAL MOTORS COMPANY | 1.33% |
By country
United States 93.66%Liberia 1.33%Luxembourg 1.31%Bermuda 1.03%Switzerland 0.94%By asset type
Stocks 99.82%By sector
Sectors of the companies held, for the 79.5% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors added a net $14.9M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -0.07%, -1.51%, +0.02%.
How it works
IYC tracks the Russell 1000 Consumer Discretionary 40 Act 15/22.5 Daily Capped Index from FTSE Russell. The index starts with the Russell 1000, which holds roughly the 1,000 largest U.S. companies. It keeps only those in consumer discretionary, meaning businesses that are most sensitive to the economic cycle. Russell defines the sector broadly: carmakers, apparel, retailers and online retailers, restaurants, hotels, travel and entertainment media. That's why the fund owns Walmart, Costco, Netflix and Disney, which other sector systems often place in consumer staples or communication services.
Each stock is weighted by its float-adjusted market value, meaning the value of its shares that are available to trade, with caps on the largest names. At each quarterly rebalance, no single company can be more than 15% of the index. Companies above 4.5% can't total more than 22.5% combined. The index is also checked daily, and it is recapped early if companies above 4.8% are projected to exceed 24% combined. Weights drift between reviews. As of July 31, 2026, Amazon was about 16% and Tesla 6.5%, and the top 10 made up about 50% of the fund's 157 holdings.
BlackRock uses representative sampling. This means the fund may skip some index stocks but aims for a portfolio with similar traits. At least 80% of its assets must be in index components. The fund may use futures, may hold cash (about 1.4%) and may lend out securities worth up to one-third of its assets. The prospectus reports portfolio turnover of 21%.
What it really costs
- IYC charges 0.37% a year, versus an average of 0.31% for the similar funds below (5th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $38 in the first year and $468 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| IYC | $38 | $119 | $208 | $468 |
In a retirement portfolio
It is a single-sector fund with deep past drawdowns and a large weight in Amazon and Tesla, so it fits better as a small add-on to a diversified core.
IYC could add growth tied to U.S. consumer spending. But because it owns one sector and leans on Amazon and Tesla, it carries more risk than a broad index fund. It lost 51.9% in the 2008 financial crisis and didn't recover until early 2011. It fell 33.3% in the 2020 COVID crash, recovering by August 2020. In 2022 it dropped 34.7% and took until July 2024 to regain its peak. Its worst calendar year was 2022, at -31.8%. Anyone who had to sell shares during a slump like that would lock in deep losses.
Income is small: the trailing yield was 0.53% as of October 27, 2026, paid quarterly. Its cost is above average for similar funds. In the SEC's standard $10,000 example, costs add up to $38 after one year and $468 after 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a small, targeted position in U.S. consumer spending, from Amazon and Tesla to Home Depot, McDonald's and Booking Holdings.
- Holders who can live with sharp swings, such as the 34.7% drop in 2022 that took until July 2024 to recover.
- Investors who like Russell's broad sector definition, which adds Walmart, Costco, Netflix and Disney to traditional retailers, automakers and hotel chains.
Look elsewhere if
- Cost-focused investors: FDIS, VCR and XLY charge 0.08% to 0.09% a year versus IYC's 0.37%, and share 61% to 67% of its holdings.
- Retirees seeking steady income: the trailing yield was just 0.53% as of October 27, 2026, paid quarterly.
- Anyone uneasy with concentration: Amazon was about 16% of the fund and the top 10 holdings about 50% as of July 31, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| IYC this fund | — | 0.37% | $1.19B | -4.2% | +17.0% |
| FDIS Fidelity MSCI Consumer Discretionary Index … | 67% | 0.084% | $1.68B | -2.3% | +16.4% |
| VCR Vanguard Consumer Discretionary ETF | 65% | 0.09% | $6.63B | -2.6% | +16.3% |
| XLY Consumer Discretionary Select Sector SPDR F… | 61% | 0.08% | $22.59B | -0.5% | -8.0% |
| RXI iShares Global Consumer Discretionary ETF | 58% | 0.41% | $251.7M | -7.8% | +13.3% |
| RTH VanEck Retail ETF | 40% | 0.35% | $248.4M | +7.1% | +18.6% |
| MILN Global X Millennial Consumer ETF | 32% | 0.5% | $95.3M | -12.5% | +15.2% |
| TMFE Motley Fool Capital Efficiency 100 Index ETF | 30% | 0.5% | $78.4M | +3.7% | +20.9% |
Questions investors ask
Is IYC good for retirement?
IYC fits better as a small, higher-risk add-on than as a core retirement holding. It owns a single sector, so it can fall hard. It lost 51.9% in the 2008 financial crisis. In 2022 it dropped 34.7% and took until July 2024 to recover. Its yield was only 0.53% as of October 27, 2026, so it provides little income. Past results don't predict future returns.
IYC vs FDIS: what's the difference?
The biggest difference is cost. The Fidelity MSCI Consumer Discretionary Index ETF (FDIS) charges 0.084% a year, versus 0.37% for IYC. About 67% of their holdings overlap. They also use different index providers: IYC tracks a capped Russell 1000 index, while FDIS follows an MSCI index. Returns have been close. As of October 27, 2026, IYC returned -4.2% over one year and 17% a year over three years, against -2.3% and 16.4% for FDIS.
Does IYC pay dividends?
Yes. IYC pays dividends quarterly, passing along the dividends its stocks pay after fund expenses. The income is modest. The trailing 12-month yield was 0.53% as of October 27, 2026, or about $0.53 per share. Consumer companies focused on growth often put profits back into the business instead of paying large dividends. Investors seeking income may want to compare IYC with funds built around dividends.
What are IYC's top holdings?
As of July 31, 2026, IYC's largest holdings were Amazon (about 16%), Tesla (6.5%), Walmart (4.2%), Costco (4.2%), Home Depot (4.0%), Netflix (3.7%), McDonald's (3.2%), TJX (2.9%), Disney (2.8%) and Booking Holdings (2.5%). Together the top 10 made up about 50% of the fund, which had 157 holdings in all. Walmart, Costco and Netflix are included because FTSE Russell's definition of consumer discretionary covers retail, online retail and entertainment media.
How has IYC performed compared with the stock market?
IYC has trailed the broad U.S. market over longer periods. As of December 31, 2025, its average annual returns were 7.76% over one year, 8.52% over five years and 11.89% over 10 years. The Russell 3000 Index returned 17.15%, 13.15% and 14.29% over the same periods. IYC can swing sharply: its best quarter gained 23.8% (ending June 30, 2020) and its worst lost 24.21% (ending June 30, 2022). Its year-to-date return through October 27, 2026, was -3.0%.