IAK vs. AMUU

Last updated Jun 4, 2026

IAK (iShares U.S. Insurance ETF) and AMUU (Direxion Daily AMD Bull 2X Shares) are both exchange-traded funds - IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index, while AMUU is a Leveraged Equities fund actively managed by Direxion. IAK is passively managed, while AMUU is actively managed. Over the past year, IAK returned -4.16% vs 1186.28% for AMUU. At a correlation of -0.12, they often move in opposite directions. IAK charges 0.43%/yr vs 0.97%/yr for AMUU.

Performance

IAK vs. AMUU - Performance Comparison

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

Returns By Period

In the year-to-date period, IAK achieves a -4.56% return, which is significantly lower than AMUU's 393.28% return.

IAK

• 1D: -0.88%
• 1M: -2.27%
• YTD: -4.56%
• 6M: -1.81%
• 1Y: -4.16%
• 3Y*: 16.73%
• 5Y*: 11.50%
• 10Y*: 11.66%

AMUU

• 1D: 7.59%
• 1M: 134.67%
• YTD: 393.28%
• 6M: 368.74%
• 1Y: 1,186.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IAK vs. AMUU - Yearly Performance Comparison

	2026 (YTD)	2025
IAK iShares U.S. Insurance ETF	-4.56%	8.37%
AMUU Direxion Daily AMD Bull 2X Shares	393.28%	145.24%

Correlation

The correlation between IAK and AMUU is -0.23, 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	-0.23
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	-0.12

The correlation between IAK and AMUU shifts across timeframes, from -0.23 (1 year) to -0.12 (all time), reflecting how their relationship changes across market environments.

IAK vs. AMUU - Sectors Allocation Comparison

Sectors	IAK	AMUU
Financial Services	99.5%	-
Healthcare	0.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	100.0%
Utilities	-	-

Return for Risk

IAK vs. AMUU — Risk / Return Rank

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

IAK

IAK Risk / Return Rank: 5
IAK Sharpe Ratio Rank: 6
IAK Sortino Ratio Rank: 6
IAK Omega Ratio Rank: 5
IAK Calmar Ratio Rank: 4
IAK Martin Ratio Rank: 3

AMUU

AMUU Risk / Return Rank: 96
AMUU Sharpe Ratio Rank: 99
AMUU Sortino Ratio Rank: 93
AMUU Omega Ratio Rank: 92
AMUU Calmar Ratio Rank: 99
AMUU Martin Ratio Rank: 97

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. AMUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Insurance ETF (IAK) and Direxion Daily AMD Bull 2X Shares (AMUU). 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.

	IAK	AMUU	Difference
Sharpe ratio: Return per unit of total volatility	-0.28	9.25	-9.54
Sortino ratio: Return per unit of downside risk	-0.29	4.79	-5.08
Omega ratio: Gain probability vs. loss probability	0.97	1.63	-0.67
Calmar ratio: Return relative to maximum drawdown	-0.55	21.30	-21.85
Martin ratio: Return relative to average drawdown	-1.14	41.74	-42.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IAK vs. AMUU - Sharpe Ratio Comparison

The current IAK Sharpe Ratio is -0.28, which is lower than the AMUU Sharpe Ratio of 9.25. The chart below compares the historical Sharpe Ratios of IAK and AMUU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IAK	AMUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.28	9.25	-9.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	4.45	-4.19

Drawdowns

IAK vs. AMUU - Drawdown Comparison

The maximum IAK drawdown since its inception was -77.38%, which is greater than AMUU's maximum drawdown of -56.47%. Use the drawdown chart below to compare losses from any high point for IAK and AMUU.

Drawdown Indicators

	IAK	AMUU	Difference
Max Drawdown Largest peak-to-trough decline	-77.38%	-56.47%	-20.91%
Max Drawdown (1Y) Largest decline over 1 year	-7.62%	-56.31%	+48.69%
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	-5.82%	0.00%	-5.82%
Average Drawdown Average peak-to-trough decline	-16.13%	-22.84%	+6.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.96%	28.68%	-24.72%

Volatility

IAK vs. AMUU - Volatility Comparison

The current volatility for iShares U.S. Insurance ETF (IAK) is 3.82%, while Direxion Daily AMD Bull 2X Shares (AMUU) has a volatility of 45.72%. This indicates that IAK experiences smaller price fluctuations and is considered to be less risky than AMUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAK	AMUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	45.72%	-41.90%
Volatility (6M) Calculated over the trailing 6-month period	9.98%	94.24%	-84.26%
Volatility (1Y) Calculated over the trailing 1-year period	14.77%	129.66%	-114.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.07%	131.28%	-113.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.89%	131.28%	-110.39%

IAK vs. AMUU - Expense Ratio Comparison

IAK has a 0.43% expense ratio, which is lower than AMUU's 0.97% expense ratio.

Dividends

IAK vs. AMUU - Dividend Comparison

IAK's dividend yield for the trailing twelve months is around 2.76%, less than AMUU's 2.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMUU Direxion Daily AMD Bull 2X Shares	2.83%	13.58%	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	2.76%	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 AMUU in my portfolio?

IAK and AMUU have a correlation of -0.23, 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 AMUU?

AMUU has higher volatility (45.72%) compared to IAK (3.82%). In terms of maximum drawdown, IAK dropped -77.38% vs AMUU's -56.47%.

Which ETF is better, IAK or AMUU?

On 1-year performance, AMUU leads with 1186.28% vs -4.16% for IAK. On fees, IAK is cheaper at 0.43% per year. On volatility, IAK has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IAK or AMUU?

Over the 1-year period, AMUU has performed better with a 1186.28% return vs -4.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IAK or AMUU?

IAK is cheaper with a 0.43% expense ratio, compared with 0.97% for AMUU.

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

AMUU has the higher dividend yield at 2.83%, compared with 2.76% for IAK.

What is the main difference between IAK and AMUU?

IAK is categorized as Financials Equities, while AMUU is Leveraged Equities. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.43% for IAK and 0.97% for AMUU.

Which has better risk-adjusted returns?

AMUU currently has the higher Sharpe Ratio (9.25 vs -0.28), 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.