IAK vs. IGSB
IAK (iShares U.S. Insurance ETF) and IGSB (iShares Short-Term Corporate Bond ETF) are both exchange-traded funds - IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index, while IGSB is a Corporate Bonds fund tracking the ICE BofAML 1-5 Year US Corporate Index. Both are passively managed. Over the past 10 years, IAK returned 12.68%/yr vs 2.74%/yr for IGSB. At a correlation of -0.03, they often move in opposite directions. IAK charges 0.43%/yr vs 0.06%/yr for IGSB.
Performance
IAK vs. IGSB - Performance Comparison
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Returns By Period
In the year-to-date period, IAK achieves a 0.99% return, which is significantly higher than IGSB's 0.93% return. Over the past 10 years, IAK has outperformed IGSB with an annualized return of 12.68%, while IGSB has yielded a comparatively lower 2.74% annualized return.
IAK
- 1D
- -0.12%
- 1M
- 2.58%
- YTD
- 0.99%
- 6M
- -0.34%
- 1Y
- 5.04%
- 3Y*
- 18.02%
- 5Y*
- 13.43%
- 10Y*
- 12.68%
IGSB
- 1D
- 0.06%
- 1M
- 0.61%
- YTD
- 0.93%
- 6M
- 1.24%
- 1Y
- 4.76%
- 3Y*
- 5.77%
- 5Y*
- 2.49%
- 10Y*
- 2.74%
IAK vs. IGSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 0.99% | 9.50% | 28.25% | 11.28% | 11.33% | 26.84% | -2.86% | 25.94% | -11.48% | 14.18% |
IGSB iShares Short-Term Corporate Bond ETF | 0.93% | 6.96% | 4.97% | 6.40% | -5.63% | -0.56% | 5.37% | 7.11% | 1.25% | 1.27% |
Correlation
The correlation between IAK and IGSB is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2007 | -0.03 |
The correlation between IAK and IGSB shifts across timeframes, from -0.03 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IAK vs. IGSB — Risk / Return Rank
IAK
IGSB
IAK vs. IGSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Insurance ETF (IAK) and iShares Short-Term Corporate Bond ETF (IGSB). 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 | IGSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -3.33 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.51 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 3.28 | -2.61 |
| Martin ratioReturn relative to average drawdown | 1.48 | 13.21 | -11.73 |
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Drawdowns
IAK vs. IGSB - Drawdown Comparison
The maximum IAK drawdown since its inception was -77.38%, which is greater than IGSB's maximum drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for IAK and IGSB.
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Drawdown Indicators
| IAK | IGSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.38% | -13.38% | -64.00% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -1.46% | -6.16% |
Max Drawdown (3Y)Largest decline over 3 years | -11.58% | -1.46% | -10.12% |
Max Drawdown (5Y)Largest decline over 5 years | -14.76% | -9.46% | -5.30% |
Max Drawdown (10Y)Largest decline over 10 years | -44.95% | -13.38% | -31.57% |
Current DrawdownCurrent decline from peak | -0.34% | -0.11% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -16.11% | -0.85% | -15.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 0.36% | +3.05% |
Volatility
IAK vs. IGSB - Volatility Comparison
iShares U.S. Insurance ETF (IAK) has a higher volatility of 5.45% compared to iShares Short-Term Corporate Bond ETF (IGSB) at 0.66%. This indicates that IAK's price experiences larger fluctuations and is considered to be riskier than IGSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAK | IGSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 0.66% | +4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.48% | 1.46% | +9.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.04% | 1.92% | +13.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.14% | 2.94% | +15.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 3.47% | +17.45% |
IAK vs. IGSB - Expense Ratio Comparison
IAK has a 0.43% expense ratio, which is higher than IGSB's 0.06% expense ratio.
Dividends
IAK vs. IGSB - Dividend Comparison
IAK's dividend yield for the trailing twelve months is around 2.90%, less than IGSB's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 2.90% | 1.69% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% |
IGSB iShares Short-Term Corporate Bond ETF | 4.57% | 4.44% | 4.02% | 3.26% | 2.07% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% |
Frequently Asked Questions
IAK and IGSB have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAK has higher volatility (5.45%) compared to IGSB (0.66%). In terms of maximum drawdown, IAK dropped -77.38% vs IGSB's -13.38%.
On 10-year performance, IAK leads with 12.68% vs 2.74% for IGSB. On fees, IGSB is cheaper at 0.06% per year. On volatility, IGSB has been the lower-risk option at 0.66%. 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 12.68% return vs 2.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGSB is cheaper with a 0.06% expense ratio, compared with 0.43% for IAK.
IGSB has the higher dividend yield at 4.57%, compared with 2.90% for IAK.
IAK is categorized as Financials Equities, while IGSB is Corporate Bonds. IAK tracks Dow Jones U.S. Select Insurance Index, while IGSB tracks ICE BofAML 1-5 Year US Corporate Index. Their fees differ too: 0.43% for IAK and 0.06% for IGSB.
IGSB currently has the higher Sharpe Ratio (2.50 vs 0.34), 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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