IAK vs. AMDL

Last updated Jun 24, 2026

IAK (iShares U.S. Insurance ETF) and AMDL (GraniteShares 2x Long AMD Daily ETF) are both exchange-traded funds - IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index, while AMDL is a Leveraged Equities fund actively managed by GraniteShares. IAK is passively managed, while AMDL is actively managed. Over the past year, IAK returned 6.36% vs 835.61% for AMDL. At a correlation of -0.06, they often move in opposite directions. IAK charges 0.38%/yr vs 1.15%/yr for AMDL.

Performance

IAK vs. AMDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Insurance ETF (IAK) and GraniteShares 2x Long AMD Daily ETF (AMDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IAK achieves a 3.62% return, which is significantly lower than AMDL's 330.80% return.

IAK

• 1D: 2.19%
• 1M: 3.60%
• YTD: 3.62%
• 6M: 2.70%
• 1Y: 6.36%
• 3Y*: 19.69%
• 5Y*: 14.57%
• 10Y*: 13.20%

AMDL

• 1D: -11.53%
• 1M: 15.74%
• YTD: 330.80%
• 6M: 327.23%
• 1Y: 835.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IAK vs. AMDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IAK iShares U.S. Insurance ETF	3.62%	9.50%	11.92%
AMDL GraniteShares 2x Long AMD Daily ETF	330.80%	103.00%	-69.97%

Correlation

The correlation between IAK and AMDL is -0.28, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.28
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024	-0.06

Over the past year, the inverse relationship between IAK and AMDL has strengthened: their correlation has moved from -0.06 to -0.28, meaning they now move in opposite directions more often than their long-term average.

IAK vs. AMDL - Sectors Allocation Comparison

Sectors	IAK	AMDL
Financial Services	99.4%	-
Healthcare	0.6%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	66.6%
Utilities	-	-

Return for Risk

IAK vs. AMDL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IAK

IAK Risk / Return Rank: 16
IAK Sharpe Ratio Rank: 15
IAK Sortino Ratio Rank: 14
IAK Omega Ratio Rank: 14
IAK Calmar Ratio Rank: 19
IAK Martin Ratio Rank: 18

AMDL

AMDL Risk / Return Rank: 94
AMDL Sharpe Ratio Rank: 99
AMDL Sortino Ratio Rank: 91
AMDL Omega Ratio Rank: 89
AMDL Calmar Ratio Rank: 98
AMDL Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IAK vs. AMDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Insurance ETF (IAK) and GraniteShares 2x Long AMD Daily ETF (AMDL). 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.

	IAK	AMDL	Difference
Sharpe ratio: Return per unit of total volatility	0.42	6.28	-5.86
Sortino ratio: Return per unit of downside risk	0.69	4.08	-3.39
Omega ratio: Gain probability vs. loss probability	1.08	1.53	-0.45
Calmar ratio: Return relative to maximum drawdown	0.84	15.04	-14.20
Martin ratio: Return relative to average drawdown	1.87	29.24	-27.37

IAK vs. AMDL - Sharpe Ratio Comparison

The current IAK Sharpe Ratio is 0.42, which is lower than the AMDL Sharpe Ratio of 6.28. The chart below compares the historical Sharpe Ratios of IAK and AMDL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IAK vs. AMDL - Drawdown Comparison

The maximum IAK drawdown since its inception was -77.38%, smaller than the maximum AMDL drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for IAK and AMDL.

Drawdown Indicators

	IAK	AMDL	Difference
Max Drawdown Largest peak-to-trough decline	-77.38%	-88.63%	+11.25%
Max Drawdown (1Y) Largest decline over 1 year	-7.62%	-56.13%	+48.51%
Max Drawdown (3Y) Largest decline over 3 years	-11.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.95%	—	—
Current Drawdown Current decline from peak	0.00%	-13.00%	+13.00%
Average Drawdown Average peak-to-trough decline	-16.09%	-47.74%	+31.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	28.81%	-25.40%

Volatility

IAK vs. AMDL - Volatility Comparison

The current volatility for iShares U.S. Insurance ETF (IAK) is 5.62%, while GraniteShares 2x Long AMD Daily ETF (AMDL) has a volatility of 48.98%. This indicates that IAK experiences smaller price fluctuations and is considered to be less risky than AMDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAK	AMDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	48.98%	-43.36%
Volatility (6M) Calculated over the trailing 6-month period	10.66%	102.19%	-91.53%
Volatility (1Y) Calculated over the trailing 1-year period	15.18%	134.44%	-119.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.06%	118.50%	-100.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.87%	118.50%	-97.63%

IAK vs. AMDL - Expense Ratio Comparison

IAK has a 0.38% expense ratio, which is lower than AMDL's 1.15% expense ratio.

Dividends

IAK vs. AMDL - Dividend Comparison

IAK's dividend yield for the trailing twelve months is around 2.58%, while AMDL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMDL GraniteShares 2x Long AMD Daily ETF	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	2.58%	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

Can I hold both IAK and AMDL in my portfolio?

IAK and AMDL have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IAK or AMDL?

AMDL has higher volatility (48.98%) compared to IAK (5.62%). In terms of maximum drawdown, IAK dropped -77.38% vs AMDL's -88.63%.

Which ETF is better, IAK or AMDL?

On 1-year performance, AMDL leads with 835.61% vs 6.36% for IAK. On fees, IAK is cheaper at 0.38% per year. On volatility, IAK has been the lower-risk option at 5.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IAK or AMDL?

Over the 1-year period, AMDL has performed better with a 835.61% return vs 6.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IAK or AMDL?

IAK is cheaper with a 0.38% expense ratio, compared with 1.15% for AMDL.

Which ETF pays a higher dividend yield, IAK or AMDL?

IAK has the higher dividend yield at 2.58%, compared with 0.00% for AMDL.

What is the main difference between IAK and AMDL?

IAK is categorized as Financials Equities, while AMDL is Leveraged Equities. They also come from different issuers: iShares and GraniteShares. Their fees differ too: 0.38% for IAK and 1.15% for AMDL.

Which has better risk-adjusted returns?

AMDL currently has the higher Sharpe Ratio (6.28 vs 0.42), 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.