IAK vs. FLOT
IAK (iShares U.S. Insurance ETF) and FLOT (iShares Floating Rate Bond ETF) are both exchange-traded funds - IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index, while FLOT is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index. Both are passively managed. Over the past 10 years, IAK returned 12.15%/yr vs 3.03%/yr for FLOT. At a 0.10 correlation, their price movements are largely independent. IAK charges 0.43%/yr vs 0.15%/yr for FLOT.
Performance
IAK vs. FLOT - Performance Comparison
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Returns By Period
In the year-to-date period, IAK achieves a -1.85% return, which is significantly lower than FLOT's 1.87% return. Over the past 10 years, IAK has outperformed FLOT with an annualized return of 12.15%, while FLOT has yielded a comparatively lower 3.03% annualized return.
IAK
- 1D
- -1.50%
- 1M
- 1.08%
- YTD
- -1.85%
- 6M
- 2.23%
- 1Y
- -0.74%
- 3Y*
- 17.31%
- 5Y*
- 12.61%
- 10Y*
- 12.15%
FLOT
- 1D
- 0.00%
- 1M
- 0.41%
- YTD
- 1.87%
- 6M
- 2.15%
- 1Y
- 4.85%
- 3Y*
- 5.60%
- 5Y*
- 4.20%
- 10Y*
- 3.03%
IAK vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | -1.85% | 9.50% | 28.25% | 11.28% | 11.33% | 26.84% | -2.86% | 25.94% | -11.48% | 14.18% |
FLOT iShares Floating Rate Bond ETF | 1.87% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 1.48% | 1.65% |
Correlation
The correlation between IAK and FLOT is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2011 | 0.10 |
The correlation between IAK and FLOT shifts across timeframes, from 0.10 (all time) to 0.21 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IAK vs. FLOT — Risk / Return Rank
IAK
FLOT
IAK vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Insurance ETF (IAK) and iShares Floating Rate Bond ETF (FLOT). 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 | FLOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.59 | ||
| Sortino ratioReturn per unit of downside risk | -11.75 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 3.22 | -2.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 11.27 | -11.37 |
| Martin ratioReturn relative to average drawdown | -0.22 | 104.83 | -105.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IAK | FLOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 6.54 | -6.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 2.38 | -1.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.73 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.66 | -0.40 |
Drawdowns
IAK vs. FLOT - Drawdown Comparison
The maximum IAK drawdown since its inception was -77.38%, which is greater than FLOT's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for IAK and FLOT.
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Drawdown Indicators
| IAK | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.38% | -13.54% | -63.84% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -0.43% | -7.19% |
Max Drawdown (3Y)Largest decline over 3 years | -11.58% | -1.57% | -10.01% |
Max Drawdown (5Y)Largest decline over 5 years | -14.76% | -2.36% | -12.40% |
Max Drawdown (10Y)Largest decline over 10 years | -44.95% | -13.54% | -31.41% |
Current DrawdownCurrent decline from peak | -3.15% | -0.02% | -3.13% |
Average DrawdownAverage peak-to-trough decline | -16.13% | -0.21% | -15.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 0.05% | +3.62% |
Volatility
IAK vs. FLOT - Volatility Comparison
iShares U.S. Insurance ETF (IAK) has a higher volatility of 5.34% compared to iShares Floating Rate Bond ETF (FLOT) at 0.20%. This indicates that IAK's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAK | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 0.20% | +5.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 0.62% | +10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 0.75% | +14.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.14% | 1.77% | +16.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 4.15% | +16.77% |
IAK vs. FLOT - Expense Ratio Comparison
IAK has a 0.43% expense ratio, which is higher than FLOT's 0.15% expense ratio.
Dividends
IAK vs. FLOT - Dividend Comparison
IAK's dividend yield for the trailing twelve months is around 2.68%, less than FLOT's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 4.54% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
IAK iShares U.S. Insurance ETF | 2.68% | 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 FLOT have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAK has higher volatility (5.34%) compared to FLOT (0.20%). In terms of maximum drawdown, IAK dropped -77.38% vs FLOT's -13.54%.
On 10-year performance, IAK leads with 12.15% vs 3.03% for FLOT. On fees, FLOT is cheaper at 0.15% per year. On volatility, FLOT has been the lower-risk option at 0.20%. 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 12.15% return vs 3.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLOT is cheaper with a 0.15% expense ratio, compared with 0.43% for IAK.
FLOT has the higher dividend yield at 4.54%, compared with 2.68% for IAK.
IAK is categorized as Financials Equities, while FLOT is Ultrashort Bond. IAK tracks Dow Jones U.S. Select Insurance Index, while FLOT tracks Bloomberg US Floating Rate Note < 5 Years Index. Their fees differ too: 0.43% for IAK and 0.15% for FLOT.
FLOT currently has the higher Sharpe Ratio (6.54 vs -0.05), 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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