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.
Key characteristics
| GXG | IAK | |
|---|---|---|
| YTD Return | 17.06% | 16.27% |
| 1Y Return | 46.23% | 36.59% |
| 3Y Return (Ann) | 4.93% | 14.29% |
| 5Y Return (Ann) | -0.08% | 13.31% |
| 10Y Return (Ann) | -6.44% | 11.92% |
| Sharpe Ratio | 2.21 | 2.70 |
| Daily Std Dev | 21.53% | 13.55% |
| Max Drawdown | -78.88% | -77.38% |
| Current Drawdown | -55.05% | -1.18% |
Correlation
The correlation between GXG and IAK is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GXG vs. IAK - Performance Comparison
The year-to-date returns for both stocks are quite close, with GXG having a 17.06% return and IAK slightly lower at 16.27%. Over the past 10 years, GXG has underperformed IAK with an annualized return of -6.44%, while IAK has yielded a comparatively higher 11.92% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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 5.98%, more than IAK's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXG Global X MSCI Colombia ETF | 5.98% | 6.99% | 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 | 1.36% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% | 1.57% | 1.13% |
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
Global X MSCI Colombia ETF (GXG) has a higher volatility of 6.24% compared to iShares U.S. Insurance ETF (IAK) at 3.85%. This indicates that GXG'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.