IAK vs. BDORY
IAK (iShares U.S. Insurance ETF) is Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index, while BDORY (Banco Do Brasil SA) is a stock. Over the past 10 years, IAK returned 13.24%/yr vs 11.81%/yr for BDORY. At a 0.27 correlation, their price movements are largely independent.
Performance
IAK vs. BDORY - Performance Comparison
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Returns By Period
In the year-to-date period, IAK achieves a 3.98% return, which is significantly higher than BDORY's -0.67% return. Over the past 10 years, IAK has outperformed BDORY with an annualized return of 13.24%, while BDORY has yielded a comparatively lower 11.81% annualized return.
IAK
- 1D
- 0.35%
- 1M
- 3.96%
- YTD
- 3.98%
- 6M
- 3.01%
- 1Y
- 7.11%
- 3Y*
- 19.83%
- 5Y*
- 14.32%
- 10Y*
- 13.24%
BDORY
- 1D
- -0.51%
- 1M
- -7.23%
- YTD
- -0.67%
- 6M
- -1.54%
- 1Y
- 0.11%
- 3Y*
- -3.55%
- 5Y*
- 11.39%
- 10Y*
- 11.81%
IAK vs. BDORY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 3.98% | 9.50% | 28.25% | 11.28% | 11.33% | 26.84% | -2.86% | 25.94% | -11.48% | 14.18% |
BDORY Banco Do Brasil SA | -0.67% | 9.32% | -26.48% | 91.16% | 41.22% | -25.60% | -40.48% | 14.40% | 27.54% | 19.70% |
Correlation
The correlation between IAK and BDORY is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2009 | 0.27 |
Over the past year, the correlation between IAK and BDORY has dropped to 0.07 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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Return for Risk
IAK vs. BDORY — Risk / Return Rank
IAK
BDORY
IAK vs. BDORY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Insurance ETF (IAK) and Banco Do Brasil SA (BDORY). 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 | BDORY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.03 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 0.00 | +0.93 |
| Martin ratioReturn relative to average drawdown | 2.09 | 0.01 | +2.08 |
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Drawdowns
IAK vs. BDORY - Drawdown Comparison
The maximum IAK drawdown since its inception was -77.38%, roughly equal to the maximum BDORY drawdown of -80.46%. Use the drawdown chart below to compare losses from any high point for IAK and BDORY.
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Drawdown Indicators
| IAK | BDORY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.38% | -80.46% | +3.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -30.65% | +23.03% |
Max Drawdown (3Y)Largest decline over 3 years | -11.58% | -35.45% | +23.87% |
Max Drawdown (5Y)Largest decline over 5 years | -14.76% | -35.45% | +20.69% |
Max Drawdown (10Y)Largest decline over 10 years | -44.95% | -69.22% | +24.27% |
Current DrawdownCurrent decline from peak | 0.00% | -28.05% | +28.05% |
Average DrawdownAverage peak-to-trough decline | -16.09% | -32.68% | +16.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 12.88% | -9.47% |
Volatility
IAK vs. BDORY - Volatility Comparison
The current volatility for iShares U.S. Insurance ETF (IAK) is 5.61%, while Banco Do Brasil SA (BDORY) has a volatility of 6.85%. This indicates that IAK experiences smaller price fluctuations and is considered to be less risky than BDORY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAK | BDORY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.61% | 6.85% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 29.84% | -19.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.13% | 40.35% | -25.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.05% | 38.40% | -20.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.87% | 45.55% | -24.68% |
Dividends
IAK vs. BDORY - Dividend Comparison
IAK's dividend yield for the trailing twelve months is around 2.57%, less than BDORY's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDORY Banco Do Brasil SA | 2.71% | 5.77% | 12.68% | 7.80% | 10.56% | 7.88% | 3.56% | 4.74% | 2.65% | 3.03% | 5.53% | 11.80% |
IAK iShares U.S. Insurance ETF | 2.57% | 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
IAK and BDORY have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDORY has higher volatility (6.85%) compared to IAK (5.61%). In terms of maximum drawdown, IAK dropped -77.38% vs BDORY's -80.46%.
IAK currently has the higher Sharpe Ratio (0.47 vs 0.00), 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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