GXG vs. IAK
Compare and contrast key facts about Global X MSCI Colombia ETF (GXG) and iShares U.S. Insurance ETF (IAK).
GXG and IAK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GXG is a passively managed fund by Global X that tracks the performance of the MSCI All Colombia Select 25/50. It was launched on Feb 5, 2009. IAK is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Insurance Index. It was launched on May 5, 2006. Both GXG and IAK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GXG or IAK.
Performance
GXG vs. IAK - Performance Comparison
Returns By Period
In the year-to-date period, GXG achieves a 4.22% return, which is significantly lower than IAK's 36.01% return. Over the past 10 years, GXG has underperformed IAK with an annualized return of -5.93%, while IAK has yielded a comparatively higher 12.62% annualized return.
GXG
4.22%
-0.80%
-10.67%
17.65%
-3.28%
-5.93%
IAK
36.01%
2.97%
18.70%
38.87%
16.09%
12.62%
Key characteristics
| GXG | IAK | |
|---|---|---|
| Sharpe Ratio | 1.07 | 2.72 |
| Sortino Ratio | 1.57 | 3.58 |
| Omega Ratio | 1.19 | 1.49 |
| Calmar Ratio | 0.30 | 5.92 |
| Martin Ratio | 2.13 | 17.27 |
| Ulcer Index | 9.28% | 2.29% |
| Daily Std Dev | 18.58% | 14.57% |
| Max Drawdown | -78.88% | -77.38% |
| Current Drawdown | -59.98% | 0.00% |
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GXG vs. IAK - Expense Ratio Comparison
GXG has a 0.62% expense ratio, which is higher than IAK's 0.43% expense ratio.
Correlation
The correlation between GXG and IAK is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
GXG vs. IAK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Colombia ETF (GXG) 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.
Dividends
GXG vs. IAK - Dividend Comparison
GXG's dividend yield for the trailing twelve months is around 6.68%, more than IAK's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXG Global X MSCI Colombia ETF | 6.68% | 7.00% | 12.55% | 2.32% | 3.23% | 3.04% | 3.03% | 1.83% | 1.48% | 1.58% | 3.20% | 4.10% |
IAK iShares U.S. Insurance ETF | 1.18% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% | 1.57% | 1.14% |
Drawdowns
GXG vs. IAK - Drawdown Comparison
The maximum GXG drawdown since its inception was -78.88%, roughly equal to the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for GXG and IAK. For additional features, visit the drawdowns tool.
Volatility
GXG vs. IAK - Volatility Comparison
The current volatility for Global X MSCI Colombia ETF (GXG) is 4.56%, while iShares U.S. Insurance ETF (IAK) has a volatility of 6.09%. This indicates that GXG experiences smaller price fluctuations and is considered to be less risky than IAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.