BDORY vs. IAK
BDORY (Banco Do Brasil SA) is a stock, while IAK (iShares U.S. Insurance ETF) is Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. Over the past 10 years, BDORY returned 11.50%/yr vs 11.74%/yr for IAK. At a 0.28 correlation, their price movements are largely independent.
Performance
BDORY vs. IAK - Performance Comparison
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Returns By Period
In the year-to-date period, BDORY achieves a 1.14% return, which is significantly higher than IAK's -3.44% return. Both investments have delivered pretty close results over the past 10 years, with BDORY having a 11.50% annualized return and IAK not far ahead at 11.74%.
BDORY
- 1D
- -0.25%
- 1M
- -12.99%
- YTD
- 1.14%
- 6M
- -7.17%
- 1Y
- -0.21%
- 3Y*
- 2.34%
- 5Y*
- 10.79%
- 10Y*
- 11.50%
IAK
- 1D
- 1.17%
- 1M
- -1.45%
- YTD
- -3.44%
- 6M
- -0.51%
- 1Y
- -1.63%
- 3Y*
- 17.40%
- 5Y*
- 11.77%
- 10Y*
- 11.74%
BDORY vs. IAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDORY Banco Do Brasil SA | 1.14% | 9.32% | -26.48% | 91.16% | 41.22% | -25.60% | -40.48% | 14.40% | 27.54% | 19.70% |
IAK iShares U.S. Insurance ETF | -3.44% | 9.50% | 28.25% | 11.28% | 11.33% | 26.84% | -2.86% | 25.94% | -11.48% | 14.18% |
Correlation
The correlation between BDORY and IAK is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2009 | 0.28 |
Over the past year, the correlation between BDORY and IAK has dropped to 0.06 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
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Return for Risk
BDORY vs. IAK — Risk / Return Rank
BDORY
IAK
BDORY vs. IAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Do Brasil SA (BDORY) and iShares U.S. Insurance ETF (IAK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BDORY | IAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.99 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | -0.22 | +0.21 |
| Martin ratioReturn relative to average drawdown | -0.02 | -0.45 | +0.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BDORY | IAK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | -0.11 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.65 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.56 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.26 | -0.24 |
Drawdowns
BDORY vs. IAK - Drawdown Comparison
The maximum BDORY drawdown since its inception was -80.46%, roughly equal to the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for BDORY and IAK.
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Drawdown Indicators
| BDORY | IAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.46% | -77.38% | -3.08% |
Max Drawdown (1Y)Largest decline over 1 year | -26.73% | -7.62% | -19.11% |
Max Drawdown (3Y)Largest decline over 3 years | -35.45% | -11.58% | -23.87% |
Max Drawdown (5Y)Largest decline over 5 years | -35.45% | -14.76% | -20.69% |
Max Drawdown (10Y)Largest decline over 10 years | -69.22% | -44.95% | -24.27% |
Current DrawdownCurrent decline from peak | -26.73% | -4.72% | -22.01% |
Average DrawdownAverage peak-to-trough decline | -32.70% | -16.13% | -16.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.15% | 3.66% | +7.49% |
Volatility
BDORY vs. IAK - Volatility Comparison
Banco Do Brasil SA (BDORY) has a higher volatility of 9.11% compared to iShares U.S. Insurance ETF (IAK) at 4.00%. This indicates that BDORY's price experiences larger fluctuations and is considered to be riskier than IAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDORY | IAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 4.00% | +5.11% |
Volatility (6M)Calculated over the trailing 6-month period | 32.12% | 10.05% | +22.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.33% | 14.81% | +25.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.42% | 18.08% | +20.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.66% | 20.89% | +24.77% |
Dividends
BDORY vs. IAK - Dividend Comparison
BDORY's dividend yield for the trailing twelve months is around 2.68%, less than IAK's 2.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDORY Banco Do Brasil SA | 2.68% | 5.77% | 12.68% | 7.80% | 10.56% | 7.88% | 3.56% | 4.74% | 2.65% | 3.03% | 5.53% | 11.80% |
IAK iShares U.S. Insurance ETF | 2.72% | 1.69% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% |
Frequently Asked Questions
BDORY and IAK have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDORY has higher volatility (9.11%) compared to IAK (4.00%). In terms of maximum drawdown, BDORY dropped -80.46% vs IAK's -77.38%.
BDORY currently has the higher Sharpe Ratio (-0.01 vs -0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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