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IAK vs. KBWP
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


IAKKBWP
YTD Return33.25%34.99%
1Y Return39.89%39.11%
3Y Return (Ann)18.34%17.59%
5Y Return (Ann)15.55%13.79%
10Y Return (Ann)12.63%13.81%
Sharpe Ratio2.852.58
Sortino Ratio3.713.33
Omega Ratio1.511.47
Calmar Ratio6.176.12
Martin Ratio18.0316.61
Ulcer Index2.29%2.44%
Daily Std Dev14.51%15.70%
Max Drawdown-77.38%-39.77%
Current Drawdown-1.09%0.00%

Correlation

-0.50.00.51.00.8

The correlation between IAK and KBWP is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

IAK vs. KBWP - Performance Comparison

In the year-to-date period, IAK achieves a 33.25% return, which is significantly lower than KBWP's 34.99% return. Over the past 10 years, IAK has underperformed KBWP with an annualized return of 12.63%, while KBWP has yielded a comparatively higher 13.81% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
15.00%
14.88%
IAK
KBWP

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IAK vs. KBWP - Expense Ratio Comparison

IAK has a 0.43% expense ratio, which is higher than KBWP's 0.35% expense ratio.


IAK
iShares U.S. Insurance ETF
Expense ratio chart for IAK: current value at 0.43% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.43%
Expense ratio chart for KBWP: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

IAK vs. KBWP - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Insurance ETF (IAK) and Invesco KBW Property & Casualty Insurance ETF (KBWP). 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
Sharpe ratio
The chart of Sharpe ratio for IAK, currently valued at 2.85, compared to the broader market-2.000.002.004.006.002.85
Sortino ratio
The chart of Sortino ratio for IAK, currently valued at 3.71, compared to the broader market0.005.0010.003.71
Omega ratio
The chart of Omega ratio for IAK, currently valued at 1.51, compared to the broader market1.001.502.002.503.001.51
Calmar ratio
The chart of Calmar ratio for IAK, currently valued at 6.17, compared to the broader market0.005.0010.0015.006.17
Martin ratio
The chart of Martin ratio for IAK, currently valued at 18.03, compared to the broader market0.0020.0040.0060.0080.00100.0018.03
KBWP
Sharpe ratio
The chart of Sharpe ratio for KBWP, currently valued at 2.58, compared to the broader market-2.000.002.004.006.002.58
Sortino ratio
The chart of Sortino ratio for KBWP, currently valued at 3.33, compared to the broader market0.005.0010.003.33
Omega ratio
The chart of Omega ratio for KBWP, currently valued at 1.47, compared to the broader market1.001.502.002.503.001.47
Calmar ratio
The chart of Calmar ratio for KBWP, currently valued at 6.12, compared to the broader market0.005.0010.0015.006.12
Martin ratio
The chart of Martin ratio for KBWP, currently valued at 16.61, compared to the broader market0.0020.0040.0060.0080.00100.0016.61

IAK vs. KBWP - Sharpe Ratio Comparison

The current IAK Sharpe Ratio is 2.85, which is comparable to the KBWP Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of IAK and KBWP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.85
2.58
IAK
KBWP

Dividends

IAK vs. KBWP - Dividend Comparison

IAK's dividend yield for the trailing twelve months is around 1.20%, less than KBWP's 1.29% yield.


TTM20232022202120202019201820172016201520142013
IAK
iShares U.S. Insurance ETF
1.20%1.44%1.69%2.26%2.07%1.84%2.33%1.62%1.68%1.62%1.57%1.14%
KBWP
Invesco KBW Property & Casualty Insurance ETF
1.29%1.68%1.99%3.02%1.93%1.99%2.11%1.90%2.14%1.35%2.73%1.72%

Drawdowns

IAK vs. KBWP - Drawdown Comparison

The maximum IAK drawdown since its inception was -77.38%, which is greater than KBWP's maximum drawdown of -39.77%. Use the drawdown chart below to compare losses from any high point for IAK and KBWP. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.09%
0
IAK
KBWP

Volatility

IAK vs. KBWP - Volatility Comparison

The current volatility for iShares U.S. Insurance ETF (IAK) is 6.06%, while Invesco KBW Property & Casualty Insurance ETF (KBWP) has a volatility of 6.54%. This indicates that IAK experiences smaller price fluctuations and is considered to be less risky than KBWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
6.06%
6.54%
IAK
KBWP