DAK vs. ITOT

Last updated Aug 1, 2026

DAK (Dakota Active Equity ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both Large Cap Blend Equities funds. DAK is actively managed, while ITOT is passively managed. Over the past year, DAK returned 20.52% vs 21.81% for ITOT. Their 0.95 correlation means they have historically moved very closely together. DAK charges 0.43%/yr vs 0.03%/yr for ITOT.

Performance

DAK vs. ITOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dakota Active Equity ETF (DAK) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DAK having a 10.36% return and ITOT slightly higher at 10.57%.

DAK

• 1D: 0.74%
• 1M: 0.91%
• 6M: 9.09%
• YTD: 10.36%
• 1Y: 20.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.77%

ITOT

• 1D: 0.59%
• 1M: -0.09%
• 6M: 8.89%
• YTD: 10.57%
• 1Y: 21.81%
• 3Y*: 18.94%
• 5Y*: 11.75%
• 10Y*: 14.60%
• ALL TIME*: 10.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DAK Dakota Active Equity ETF	$1.23K	$2.63K	$4.01K
ITOT iShares Core S&P Total U.S. Stock Market ETF	$209.16M	$238.83M	$306.83M

DAK vs. ITOT - Yearly Performance Comparison

	2026 (YTD)	2025
DAK Dakota Active Equity ETF	10.36%	6.75%
ITOT iShares Core S&P Total U.S. Stock Market ETF	10.57%	7.74%

Correlation

The correlation between DAK and ITOT is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.95

The correlation between DAK and ITOT has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.

Return for Risk

DAK vs. ITOT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DAK

DAK Risk / Return Rank: 72
DAK Sharpe Ratio Rank: 73
DAK Sortino Ratio Rank: 72
DAK Omega Ratio Rank: 70
DAK Calmar Ratio Rank: 68
DAK Martin Ratio Rank: 78

ITOT

ITOT Risk / Return Rank: 67
ITOT Sharpe Ratio Rank: 67
ITOT Sortino Ratio Rank: 64
ITOT Omega Ratio Rank: 64
ITOT Calmar Ratio Rank: 65
ITOT Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DAK vs. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dakota Active Equity ETF (DAK) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DAK	ITOT	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.51	+0.16
Sortino ratio: Return per unit of downside risk	2.37	2.10	+0.26
Omega ratio: Gain probability vs. loss probability	1.30	1.27	+0.03
Calmar ratio: Return relative to maximum drawdown	2.42	2.23	+0.19
Martin ratio: Return relative to average drawdown	10.16	9.56	+0.60

DAK vs. ITOT - Sharpe Ratio Comparison

The current DAK Sharpe Ratio is 1.68, which is comparable to the ITOT Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of DAK and ITOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DAK vs. ITOT - Drawdown Comparison

The maximum DAK drawdown since its inception was -7.87%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for DAK and ITOT.

Drawdown Indicators

	DAK	ITOT	Difference
Max Drawdown Largest peak-to-trough decline	-7.87%	-55.20%	+47.33%
Max Drawdown (1Y) Largest decline over 1 year	-7.87%	-8.90%	+1.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.44%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.00%	—
Current Drawdown Current decline from peak	-0.55%	-1.34%	+0.79%
Average Drawdown Average peak-to-trough decline	-1.18%	-6.93%	+5.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	2.07%	-0.20%

Volatility

DAK vs. ITOT - Volatility Comparison

The current volatility for Dakota Active Equity ETF (DAK) is 2.91%, while iShares Core S&P Total U.S. Stock Market ETF (ITOT) has a volatility of 3.52%. This indicates that DAK experiences smaller price fluctuations and is considered to be less risky than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAK	ITOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	3.52%	-0.61%
Volatility (6M) Calculated over the trailing 6-month period	9.11%	10.27%	-1.16%
Volatility (1Y) Calculated over the trailing 1-year period	11.39%	13.14%	-1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.39%	17.47%	-6.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.39%	18.27%	-6.88%

DAK vs. ITOT - Expense Ratio Comparison

DAK has a 0.43% expense ratio, which is higher than ITOT's 0.03% expense ratio.

Dividends

DAK vs. ITOT - Dividend Comparison

DAK's dividend yield for the trailing twelve months is around 0.75%, less than ITOT's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DAK Dakota Active Equity ETF	0.75%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ITOT iShares Core S&P Total U.S. Stock Market ETF	1.01%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%

Frequently Asked Questions

Can I hold both DAK and ITOT in my portfolio?

With a correlation of 0.95, DAK and ITOT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DAK or ITOT?

ITOT has higher volatility (3.52%) compared to DAK (2.91%). In terms of maximum drawdown, DAK dropped -7.87% vs ITOT's -55.20%.

Which ETF is better, DAK or ITOT?

On 1-year performance, ITOT leads with 21.81% vs 20.52% for DAK. On fees, ITOT is cheaper at 0.03% per year. On volatility, DAK has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DAK or ITOT?

Over the 1-year period, ITOT has performed better with a 21.81% return vs 20.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DAK or ITOT?

ITOT is cheaper with a 0.03% expense ratio, compared with 0.43% for DAK.

Which ETF pays a higher dividend yield, DAK or ITOT?

ITOT has the higher dividend yield at 1.01%, compared with 0.75% for DAK.

What is the main difference between DAK and ITOT?

They also come from different issuers: Dakota Wealth and iShares. Their fees differ too: 0.43% for DAK and 0.03% for ITOT.

Which has better risk-adjusted returns?

DAK currently has the higher Sharpe Ratio (1.68 vs 1.51), 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.