FDIQ vs. IAK
FDIQ (Invesco Bloomberg Financial Data Providers ETF) and IAK (iShares U.S. Insurance ETF) are both Financials Equities funds - FDIQ tracks the Bloomberg Financial Data Providers Index while IAK tracks the Dow Jones U.S. Select Insurance Index. Both are passively managed. Over the past 10 years, FDIQ returned 7.60%/yr vs 11.66%/yr for IAK. A 0.68 correlation means they provide meaningful diversification when combined. FDIQ charges 0.35%/yr vs 0.43%/yr for IAK.
Performance
FDIQ vs. IAK - Performance Comparison
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Returns By Period
In the year-to-date period, FDIQ achieves a 9.72% return, which is significantly higher than IAK's -4.56% return. Over the past 10 years, FDIQ has underperformed IAK with an annualized return of 7.60%, while IAK has yielded a comparatively higher 11.66% annualized return.
FDIQ
- 1D
- -0.97%
- 1M
- -5.53%
- YTD
- 9.72%
- 6M
- 10.28%
- 1Y
- 22.98%
- 3Y*
- 18.27%
- 5Y*
- 3.82%
- 10Y*
- 7.60%
IAK
- 1D
- -0.88%
- 1M
- -2.27%
- YTD
- -4.56%
- 6M
- -1.81%
- 1Y
- -4.16%
- 3Y*
- 16.73%
- 5Y*
- 11.50%
- 10Y*
- 11.66%
FDIQ vs. IAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDIQ Invesco Bloomberg Financial Data Providers ETF | 9.72% | 6.32% | 12.76% | -0.84% | -7.23% | 36.05% | -8.95% | 23.57% | -18.31% | 1.81% |
IAK iShares U.S. Insurance ETF | -4.56% | 9.50% | 28.25% | 11.28% | 11.33% | 26.84% | -2.86% | 25.94% | -11.48% | 14.18% |
Correlation
The correlation between FDIQ and IAK is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2011 | 0.68 |
Over the past year, the correlation between FDIQ and IAK has dropped to 0.44 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
FDIQ vs. IAK — Risk / Return Rank
FDIQ
IAK
FDIQ vs. IAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Financial Data Providers ETF (FDIQ) 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.
| FDIQ | IAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.97 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | -0.55 | +2.62 |
| Martin ratioReturn relative to average drawdown | 5.26 | -1.14 | +6.40 |
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
| FDIQ | IAK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | -0.28 | +1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.64 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.56 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.26 | +0.11 |
Drawdowns
FDIQ vs. IAK - Drawdown Comparison
The maximum FDIQ drawdown since its inception was -52.86%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for FDIQ and IAK.
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Drawdown Indicators
| FDIQ | IAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.86% | -77.38% | +24.52% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -7.62% | -3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -28.09% | -11.58% | -16.51% |
Max Drawdown (5Y)Largest decline over 5 years | -42.99% | -14.76% | -28.23% |
Max Drawdown (10Y)Largest decline over 10 years | -52.86% | -44.95% | -7.91% |
Current DrawdownCurrent decline from peak | -8.53% | -5.82% | -2.71% |
Average DrawdownAverage peak-to-trough decline | -11.56% | -16.13% | +4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 3.96% | +0.42% |
Volatility
FDIQ vs. IAK - Volatility Comparison
Invesco Bloomberg Financial Data Providers ETF (FDIQ) has a higher volatility of 4.06% compared to iShares U.S. Insurance ETF (IAK) at 3.82%. This indicates that FDIQ'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
| FDIQ | IAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 3.82% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.93% | 9.98% | +3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.14% | 14.77% | +7.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.70% | 18.07% | +10.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.12% | 20.89% | +10.23% |
FDIQ vs. IAK - Expense Ratio Comparison
FDIQ has a 0.35% expense ratio, which is lower than IAK's 0.43% expense ratio.
Dividends
FDIQ vs. IAK - Dividend Comparison
FDIQ's dividend yield for the trailing twelve months is around 2.56%, less than IAK's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIQ Invesco Bloomberg Financial Data Providers ETF | 2.56% | 2.66% | 2.69% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% |
IAK iShares U.S. Insurance ETF | 2.76% | 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
FDIQ and IAK have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDIQ has higher volatility (4.06%) compared to IAK (3.82%). In terms of maximum drawdown, FDIQ dropped -52.86% vs IAK's -77.38%.
On 10-year performance, IAK leads with 11.66% vs 7.60% for FDIQ. On fees, FDIQ is cheaper at 0.35% per year. On volatility, IAK has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IAK has performed better with a 11.66% return vs 7.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDIQ is cheaper with a 0.35% expense ratio, compared with 0.43% for IAK.
IAK has the higher dividend yield at 2.76%, compared with 2.56% for FDIQ.
FDIQ tracks Bloomberg Financial Data Providers Index, while IAK tracks Dow Jones U.S. Select Insurance Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for FDIQ and 0.43% for IAK.
FDIQ currently has the higher Sharpe Ratio (1.04 vs -0.28), 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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