HALO vs. IAK
HALO (Halozyme Therapeutics, Inc.) 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, HALO returned 23.46%/yr vs 13.45%/yr for IAK. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
HALO vs. IAK - Performance Comparison
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Returns By Period
In the year-to-date period, HALO achieves a 22.64% return, which is significantly higher than IAK's 10.07% return. Over the past 10 years, HALO has outperformed IAK with an annualized return of 23.46%, while IAK has yielded a comparatively lower 13.45% annualized return.
HALO
- 1D
- -0.91%
- 1M
- 3.89%
- 6M
- 15.10%
- YTD
- 22.64%
- 1Y
- 39.85%
- 3Y*
- 24.98%
- 5Y*
- 14.84%
- 10Y*
- 23.46%
- ALL TIME*
- 14.18%
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) |
|---|---|---|---|
| $138.55M | $141.48M | $136.14M | |
| $14.76M | $20.90M | $11.89M |
HALO vs. IAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HALO Halozyme Therapeutics, Inc. | 22.64% | 40.77% | 29.36% | -35.04% | 41.51% | -5.85% | 140.89% | 21.19% | -27.79% | 105.06% |
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 HALO and IAK is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 5, 2006 | 0.35 |
The correlation between HALO and IAK shifts across timeframes, from 0.18 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HALO vs. IAK — Risk / Return Rank
HALO
IAK
HALO vs. IAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Halozyme Therapeutics, Inc. (HALO) 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.
| HALO | IAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.45 | -0.88 |
| Martin ratioReturn relative to average drawdown | 2.90 | 5.96 | -3.06 |
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Drawdowns
HALO vs. IAK - Drawdown Comparison
The maximum HALO drawdown since its inception was -74.26%, roughly equal to the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for HALO and IAK.
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Drawdown Indicators
| HALO | IAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.26% | -77.38% | +3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -24.13% | -7.62% | -16.51% |
Max Drawdown (3Y)Largest decline over 3 years | -33.92% | -11.58% | -22.34% |
Max Drawdown (5Y)Largest decline over 5 years | -49.06% | -14.76% | -34.30% |
Max Drawdown (10Y)Largest decline over 10 years | -49.06% | -44.95% | -4.11% |
Current DrawdownCurrent decline from peak | -1.08% | -3.23% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -31.73% | -16.01% | -15.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.02% | 3.13% | +9.89% |
Volatility
HALO vs. IAK - Volatility Comparison
Halozyme Therapeutics, Inc. (HALO) has a higher volatility of 8.26% compared to iShares U.S. Insurance ETF (IAK) at 7.03%. This indicates that HALO'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
| HALO | IAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.26% | 7.03% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 23.95% | 12.43% | +11.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.79% | 16.00% | +14.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.45% | 18.13% | +21.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.44% | 20.92% | +21.52% |
Dividends
HALO vs. IAK - Dividend Comparison
HALO 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HALO Halozyme Therapeutics, Inc. | 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
HALO and IAK have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HALO has higher volatility (8.26%) compared to IAK (7.03%). In terms of maximum drawdown, HALO dropped -74.26% vs IAK's -77.38%.
HALO currently has the higher Sharpe Ratio (1.23 vs 1.17), 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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