PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
GXG vs. IAK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.4

Performance

GXG vs. IAK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI Colombia ETF (GXG) and iShares U.S. Insurance ETF (IAK). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
-3.07%
12.65%
GXG
IAK

Key characteristics

Sharpe Ratio

GXG:

0.47

IAK:

2.04

Sortino Ratio

GXG:

0.77

IAK:

2.72

Omega Ratio

GXG:

1.09

IAK:

1.37

Calmar Ratio

GXG:

0.14

IAK:

3.09

Martin Ratio

GXG:

0.85

IAK:

10.91

Ulcer Index

GXG:

10.02%

IAK:

2.80%

Daily Std Dev

GXG:

18.32%

IAK:

14.99%

Max Drawdown

GXG:

-78.88%

IAK:

-77.38%

Current Drawdown

GXG:

-59.88%

IAK:

-7.28%

Returns By Period

In the year-to-date period, GXG achieves a 4.49% return, which is significantly lower than IAK's 29.17% return. Over the past 10 years, GXG has underperformed IAK with an annualized return of -4.09%, while IAK has yielded a comparatively higher 11.84% annualized return.


GXG

YTD

4.49%

1M

0.25%

6M

-3.07%

1Y

8.52%

5Y*

-4.92%

10Y*

-4.09%

IAK

YTD

29.17%

1M

-5.83%

6M

12.65%

1Y

30.55%

5Y*

14.70%

10Y*

11.84%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


GXG vs. IAK - Expense Ratio Comparison

GXG has a 0.62% expense ratio, which is higher than IAK's 0.43% expense ratio.


GXG
Global X MSCI Colombia ETF
Expense ratio chart for GXG: current value at 0.62% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.62%
Expense ratio chart for IAK: current value at 0.43% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.43%

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.


Sharpe ratio
The chart of Sharpe ratio for GXG, currently valued at 0.47, compared to the broader market0.002.004.000.472.04
The chart of Sortino ratio for GXG, currently valued at 0.77, compared to the broader market-2.000.002.004.006.008.0010.000.772.72
The chart of Omega ratio for GXG, currently valued at 1.09, compared to the broader market0.501.001.502.002.503.001.091.37
The chart of Calmar ratio for GXG, currently valued at 0.14, compared to the broader market0.005.0010.0015.000.143.09
The chart of Martin ratio for GXG, currently valued at 0.85, compared to the broader market0.0020.0040.0060.0080.00100.000.8510.91
GXG
IAK

The current GXG Sharpe Ratio is 0.47, which is lower than the IAK Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of GXG and IAK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
0.47
2.04
GXG
IAK

Dividends

GXG vs. IAK - Dividend Comparison

GXG's dividend yield for the trailing twelve months is around 6.66%, more than IAK's 1.48% yield.


TTM20232022202120202019201820172016201520142013
GXG
Global X MSCI Colombia ETF
6.66%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
1.48%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.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-59.88%
-7.28%
GXG
IAK

Volatility

GXG vs. IAK - Volatility Comparison

The current volatility for Global X MSCI Colombia ETF (GXG) is 4.47%, while iShares U.S. Insurance ETF (IAK) has a volatility of 4.92%. 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.


3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
4.47%
4.92%
GXG
IAK
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab