IAK vs. FDIQ
IAK (iShares U.S. Insurance ETF) and FDIQ (Invesco Bloomberg Financial Data Providers ETF) are both Financials Equities funds - IAK tracks the Dow Jones U.S. Select Insurance Index while FDIQ tracks the Bloomberg Financial Data Providers Index. Both are passively managed. Over the past 10 years, IAK returned 11.74%/yr vs 7.58%/yr for FDIQ. A 0.68 correlation means they provide meaningful diversification when combined. IAK charges 0.43%/yr vs 0.35%/yr for FDIQ.
Performance
IAK vs. FDIQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IAK achieves a -3.44% return, which is significantly lower than FDIQ's 11.14% return. Over the past 10 years, IAK has outperformed FDIQ with an annualized return of 11.74%, while FDIQ has yielded a comparatively lower 7.58% annualized return.
IAK
- 1D
- 1.17%
- 1M
- -1.45%
- YTD
- -3.44%
- 6M
- -0.51%
- 1Y
- -1.63%
- 3Y*
- 17.40%
- 5Y*
- 11.77%
- 10Y*
- 11.74%
FDIQ
- 1D
- 1.29%
- 1M
- -4.11%
- YTD
- 11.14%
- 6M
- 11.52%
- 1Y
- 25.64%
- 3Y*
- 20.06%
- 5Y*
- 4.08%
- 10Y*
- 7.58%
IAK vs. FDIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | -3.44% | 9.50% | 28.25% | 11.28% | 11.33% | 26.84% | -2.86% | 25.94% | -11.48% | 14.18% |
FDIQ Invesco Bloomberg Financial Data Providers ETF | 11.14% | 6.32% | 12.76% | -0.84% | -7.23% | 36.05% | -8.95% | 23.57% | -18.31% | 1.81% |
Correlation
The correlation between IAK and FDIQ is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2011 | 0.68 |
Over the past year, the correlation between IAK and FDIQ has dropped to 0.44 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IAK vs. FDIQ — Risk / Return Rank
IAK
FDIQ
IAK vs. FDIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Insurance ETF (IAK) and Invesco Bloomberg Financial Data Providers ETF (FDIQ). 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 | FDIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.23 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 2.31 | -2.53 |
| Martin ratioReturn relative to average drawdown | -0.45 | 5.84 | -6.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IAK | FDIQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | 1.16 | -1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.14 | +0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.24 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.37 | -0.11 |
Drawdowns
IAK vs. FDIQ - Drawdown Comparison
The maximum IAK drawdown since its inception was -77.38%, which is greater than FDIQ's maximum drawdown of -52.86%. Use the drawdown chart below to compare losses from any high point for IAK and FDIQ.
Loading charts...
Drawdown Indicators
| IAK | FDIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.38% | -52.86% | -24.52% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -11.13% | +3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -11.58% | -28.09% | +16.51% |
Max Drawdown (5Y)Largest decline over 5 years | -14.76% | -42.99% | +28.23% |
Max Drawdown (10Y)Largest decline over 10 years | -44.95% | -52.86% | +7.91% |
Current DrawdownCurrent decline from peak | -4.72% | -7.34% | +2.62% |
Average DrawdownAverage peak-to-trough decline | -16.13% | -11.55% | -4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 4.40% | -0.74% |
Volatility
IAK vs. FDIQ - Volatility Comparison
The current volatility for iShares U.S. Insurance ETF (IAK) is 4.00%, while Invesco Bloomberg Financial Data Providers ETF (FDIQ) has a volatility of 4.35%. This indicates that IAK experiences smaller price fluctuations and is considered to be less risky than FDIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IAK | FDIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 4.35% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 13.96% | -3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.81% | 22.13% | -7.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.08% | 28.70% | -10.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 31.12% | -10.23% |
IAK vs. FDIQ - Expense Ratio Comparison
IAK has a 0.43% expense ratio, which is higher than FDIQ's 0.35% expense ratio.
Dividends
IAK vs. FDIQ - Dividend Comparison
IAK's dividend yield for the trailing twelve months is around 2.72%, more than FDIQ's 2.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIQ Invesco Bloomberg Financial Data Providers ETF | 2.52% | 2.66% | 2.69% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% |
IAK iShares U.S. Insurance ETF | 2.72% | 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 FDIQ have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDIQ has higher volatility (4.35%) compared to IAK (4.00%). In terms of maximum drawdown, IAK dropped -77.38% vs FDIQ's -52.86%.
On 10-year performance, IAK leads with 11.74% vs 7.58% for FDIQ. On fees, FDIQ is cheaper at 0.35% per year. On volatility, IAK has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IAK has performed better with a 11.74% return vs 7.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDIQ is cheaper with a 0.35% expense ratio, compared with 0.43% for IAK.
IAK has the higher dividend yield at 2.72%, compared with 2.52% for FDIQ.
IAK tracks Dow Jones U.S. Select Insurance Index, while FDIQ tracks Bloomberg Financial Data Providers Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.43% for IAK and 0.35% for FDIQ.
FDIQ currently has the higher Sharpe Ratio (1.16 vs -0.11), 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.
Find the right allocation for IAK and FDIQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer