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

Performance

IAK vs. KBWP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Insurance ETF (IAK) and Invesco KBW Property & Casualty Insurance ETF (KBWP). The values are adjusted to include any dividend payments, if applicable.

400.00%450.00%500.00%550.00%JuneJulyAugustSeptemberOctoberNovember
482.56%
572.03%
IAK
KBWP

Returns By Period

The year-to-date returns for both investments are quite close, with IAK having a 37.16% return and KBWP slightly higher at 38.66%. Over the past 10 years, IAK has underperformed KBWP with an annualized return of 12.76%, while KBWP has yielded a comparatively higher 13.94% annualized return.


IAK

YTD

37.16%

1M

4.13%

6M

18.79%

1Y

40.05%

5Y (annualized)

16.27%

10Y (annualized)

12.76%

KBWP

YTD

38.66%

1M

5.68%

6M

18.46%

1Y

39.08%

5Y (annualized)

14.58%

10Y (annualized)

13.94%

Key characteristics


IAKKBWP
Sharpe Ratio2.752.49
Sortino Ratio3.613.24
Omega Ratio1.501.45
Calmar Ratio5.995.91
Martin Ratio17.4616.02
Ulcer Index2.29%2.44%
Daily Std Dev14.59%15.71%
Max Drawdown-77.38%-39.77%
Current Drawdown0.00%0.00%

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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%

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.

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.


Sharpe ratio
The chart of Sharpe ratio for IAK, currently valued at 2.75, compared to the broader market0.002.004.002.752.49
The chart of Sortino ratio for IAK, currently valued at 3.61, compared to the broader market-2.000.002.004.006.008.0010.0012.003.613.24
The chart of Omega ratio for IAK, currently valued at 1.50, compared to the broader market0.501.001.502.002.503.001.501.45
The chart of Calmar ratio for IAK, currently valued at 5.99, compared to the broader market0.005.0010.0015.005.995.91
The chart of Martin ratio for IAK, currently valued at 17.46, compared to the broader market0.0020.0040.0060.0080.00100.00120.0017.4616.02
IAK
KBWP

The current IAK Sharpe Ratio is 2.75, which is comparable to the KBWP Sharpe Ratio of 2.49. 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
2.75
2.49
IAK
KBWP

Dividends

IAK vs. KBWP - Dividend Comparison

IAK's dividend yield for the trailing twelve months is around 1.17%, less than KBWP's 1.26% yield.


TTM20232022202120202019201820172016201520142013
IAK
iShares U.S. Insurance ETF
1.17%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
1.26%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%JuneJulyAugustSeptemberOctoberNovember00
IAK
KBWP

Volatility

IAK vs. KBWP - Volatility Comparison

iShares U.S. Insurance ETF (IAK) and Invesco KBW Property & Casualty Insurance ETF (KBWP) have volatilities of 6.13% and 6.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
6.13%
6.29%
IAK
KBWP