GLMD vs. IAK
GLMD (Galmed Pharmaceuticals Ltd.) 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, GLMD returned -50.77%/yr vs 13.45%/yr for IAK. Their 0.09 correlation means their historical movements had little consistent relationship.
Performance
GLMD vs. IAK - Performance Comparison
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Returns By Period
In the year-to-date period, GLMD achieves a -17.26% return, which is significantly lower than IAK's 10.07% return. Over the past 10 years, GLMD has underperformed IAK with an annualized return of -50.77%, while IAK has yielded a comparatively higher 13.45% annualized return.
GLMD
- 1D
- 3.67%
- 1M
- 8.87%
- 6M
- -12.54%
- YTD
- -17.26%
- 1Y
- -59.94%
- 3Y*
- -63.68%
- 5Y*
- -73.19%
- 10Y*
- -50.77%
- ALL TIME*
- -49.67%
IAK
- 1D
- -0.31%
- 1M
- -0.06%
- 6M
- 12.67%
- YTD
- 10.07%
- 1Y
- 19.63%
- 3Y*
- 19.72%
- 5Y*
- 15.95%
- 10Y*
- 13.45%
- ALL TIME*
- 7.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $238.83K | $503.27K | $408.11K | |
| $14.76M | $20.90M | $11.89M |
GLMD vs. IAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLMD Galmed Pharmaceuticals Ltd. | -17.26% | -76.47% | -41.58% | -93.93% | -72.53% | -41.48% | -46.19% | -15.37% | -25.36% | 160.68% |
IAK iShares U.S. Insurance ETF | 10.07% | 9.50% | 28.25% | 11.28% | 11.33% | 26.84% | -2.86% | 25.94% | -11.48% | 14.18% |
Correlation
The correlation between GLMD and IAK is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.01 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2014 | 0.09 |
The correlation between GLMD and IAK shifts across timeframes, from -0.04 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GLMD vs. IAK — Risk / Return Rank
GLMD
IAK
GLMD vs. IAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Galmed Pharmaceuticals Ltd. (GLMD) 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.
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.
| GLMD | IAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.21 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 2.45 | -3.32 |
| Martin ratioReturn relative to average drawdown | -1.25 | 5.96 | -7.21 |
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Drawdowns
GLMD vs. IAK - Drawdown Comparison
The maximum GLMD drawdown since its inception was -99.99%, which is greater than IAK's maximum drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for GLMD and IAK.
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Drawdown Indicators
| GLMD | IAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -77.38% | -22.61% |
Max Drawdown (1Y)Largest decline over 1 year | -71.21% | -7.62% | -63.59% |
Max Drawdown (3Y)Largest decline over 3 years | -96.89% | -11.58% | -85.31% |
Max Drawdown (5Y)Largest decline over 5 years | -99.92% | -14.76% | -85.16% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -44.95% | -55.04% |
Current DrawdownCurrent decline from peak | -99.98% | -3.23% | -96.75% |
Average DrawdownAverage peak-to-trough decline | -76.28% | -16.01% | -60.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.60% | 3.13% | +46.47% |
Volatility
GLMD vs. IAK - Volatility Comparison
Galmed Pharmaceuticals Ltd. (GLMD) has a higher volatility of 23.75% compared to iShares U.S. Insurance ETF (IAK) at 7.03%. This indicates that GLMD'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
| GLMD | IAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.75% | 7.03% | +16.72% |
Volatility (6M)Calculated over the trailing 6-month period | 76.21% | 12.43% | +63.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 91.92% | 16.00% | +75.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 166.97% | 18.13% | +148.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.32% | 20.92% | +117.40% |
Dividends
GLMD vs. IAK - Dividend Comparison
GLMD has not paid dividends to shareholders, while IAK's dividend yield for the trailing twelve months is around 2.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLMD Galmed Pharmaceuticals Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IAK iShares U.S. Insurance ETF | 2.43% | 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
GLMD and IAK have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLMD has higher volatility (23.75%) compared to IAK (7.03%). In terms of maximum drawdown, GLMD dropped -99.99% vs IAK's -77.38%.
IAK currently has the higher Sharpe Ratio (1.17 vs -0.68), 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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