IAK vs. KBWP
Compare and contrast key facts about iShares U.S. Insurance ETF (IAK) and Invesco KBW Property & Casualty Insurance ETF (KBWP).
IAK and KBWP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAK is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Insurance Index. It was launched on May 5, 2006. KBWP is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Property & Casualty (TR). It was launched on Dec 2, 2010. Both IAK and KBWP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IAK or KBWP.
Correlation
The correlation between IAK and KBWP is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IAK vs. KBWP - Performance Comparison
Key characteristics
IAK:
0.80
KBWP:
0.71
IAK:
1.18
KBWP:
1.05
IAK:
1.16
KBWP:
1.15
IAK:
1.37
KBWP:
1.16
IAK:
3.73
KBWP:
2.93
IAK:
4.24%
KBWP:
4.89%
IAK:
19.79%
KBWP:
20.08%
IAK:
-77.38%
KBWP:
-39.77%
IAK:
-6.48%
KBWP:
-6.12%
Returns By Period
In the year-to-date period, IAK achieves a 2.97% return, which is significantly higher than KBWP's 1.69% return. Both investments have delivered pretty close results over the past 10 years, with IAK having a 12.25% annualized return and KBWP not far ahead at 12.84%.
IAK
2.97%
-5.11%
2.43%
17.03%
23.29%
12.25%
KBWP
1.69%
-4.48%
2.81%
15.62%
20.40%
12.84%
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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.
Risk-Adjusted Performance
IAK vs. KBWP — Risk-Adjusted Performance Rank
IAK
KBWP
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.
Dividends
IAK vs. KBWP - Dividend Comparison
IAK's dividend yield for the trailing twelve months is around 1.74%, less than KBWP's 1.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 1.74% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% | 1.57% |
KBWP Invesco KBW Property & Casualty Insurance ETF | 1.77% | 1.64% | 1.68% | 1.99% | 3.02% | 1.93% | 1.99% | 2.11% | 1.90% | 2.14% | 1.35% | 2.73% |
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.
Volatility
IAK vs. KBWP - Volatility Comparison
iShares U.S. Insurance ETF (IAK) has a higher volatility of 12.17% compared to Invesco KBW Property & Casualty Insurance ETF (KBWP) at 11.44%. This indicates that IAK's price experiences larger fluctuations and is considered to be riskier than KBWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.