IAK vs. KIE
Compare and contrast key facts about iShares U.S. Insurance ETF (IAK) and SPDR S&P Insurance ETF (KIE).
IAK and KIE 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. KIE is a passively managed fund by State Street that tracks the performance of the S&P Insurance Select Industry Index. It was launched on Nov 8, 2005. Both IAK and KIE 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 KIE.
Key characteristics
| IAK | KIE | |
|---|---|---|
| YTD Return | 33.73% | 32.61% |
| 1Y Return | 40.19% | 38.21% |
| 3Y Return (Ann) | 18.45% | 15.23% |
| 5Y Return (Ann) | 15.64% | 13.21% |
| 10Y Return (Ann) | 12.66% | 12.55% |
| Sharpe Ratio | 2.79 | 2.65 |
| Sortino Ratio | 3.64 | 3.49 |
| Omega Ratio | 1.50 | 1.46 |
| Calmar Ratio | 6.04 | 4.61 |
| Martin Ratio | 17.63 | 14.91 |
| Ulcer Index | 2.29% | 2.58% |
| Daily Std Dev | 14.48% | 14.50% |
| Max Drawdown | -77.38% | -75.30% |
| Current Drawdown | -0.73% | 0.00% |
Correlation
The correlation between IAK and KIE is 0.95, 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. KIE - Performance Comparison
The year-to-date returns for both stocks are quite close, with IAK having a 33.73% return and KIE slightly lower at 32.61%. Both investments have delivered pretty close results over the past 10 years, with IAK having a 12.66% annualized return and KIE not far behind at 12.55%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IAK vs. KIE - Expense Ratio Comparison
IAK has a 0.43% expense ratio, which is higher than KIE's 0.35% expense ratio.
Risk-Adjusted Performance
IAK vs. KIE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Insurance ETF (IAK) and SPDR S&P Insurance ETF (KIE). 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. KIE - Dividend Comparison
IAK's dividend yield for the trailing twelve months is around 1.20%, less than KIE's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
KIE SPDR S&P Insurance ETF | 1.28% | 1.45% | 1.90% | 1.95% | 1.85% | 1.76% | 1.83% | 1.56% | 1.55% | 1.65% | 1.81% | 1.38% |
Drawdowns
IAK vs. KIE - Drawdown Comparison
The maximum IAK drawdown since its inception was -77.38%, roughly equal to the maximum KIE drawdown of -75.30%. Use the drawdown chart below to compare losses from any high point for IAK and KIE. For additional features, visit the drawdowns tool.
Volatility
IAK vs. KIE - Volatility Comparison
iShares U.S. Insurance ETF (IAK) and SPDR S&P Insurance ETF (KIE) have volatilities of 6.06% and 6.09%, 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.