IAK vs. MSTR
IAK (iShares U.S. Insurance ETF) is Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index, while MSTR (Strategy Inc) is a stock. Over the past 10 years, IAK returned 12.67%/yr vs 20.92%/yr for MSTR. At a 0.35 correlation, their price movements are largely independent.
Performance
IAK vs. MSTR - Performance Comparison
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Returns By Period
In the year-to-date period, IAK achieves a 1.11% return, which is significantly higher than MSTR's -18.41% return. Over the past 10 years, IAK has underperformed MSTR with an annualized return of 12.67%, while MSTR has yielded a comparatively higher 20.92% annualized return.
IAK
- 1D
- 0.68%
- 1M
- 4.20%
- YTD
- 1.11%
- 6M
- 0.88%
- 1Y
- 4.33%
- 3Y*
- 18.27%
- 5Y*
- 13.37%
- 10Y*
- 12.67%
MSTR
- 1D
- 3.18%
- 1M
- -30.37%
- YTD
- -18.41%
- 6M
- -29.74%
- 1Y
- -67.36%
- 3Y*
- 63.46%
- 5Y*
- 19.14%
- 10Y*
- 20.92%
IAK vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 1.11% | 9.50% | 28.25% | 11.28% | 11.33% | 26.84% | -2.86% | 25.94% | -11.48% | 14.18% |
MSTR Strategy Inc | -18.41% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 172.42% | 11.65% | -2.70% | -33.49% |
Correlation
The correlation between IAK and MSTR is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 5, 2006 | 0.35 |
The correlation between IAK and MSTR shifts across timeframes, from -0.03 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IAK vs. MSTR — Risk / Return Rank
IAK
MSTR
IAK vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Insurance ETF (IAK) and Strategy Inc (MSTR). 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 | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.82 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | -0.88 | +1.45 |
| Martin ratioReturn relative to average drawdown | 1.27 | -1.27 | +2.54 |
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Drawdowns
IAK vs. MSTR - Drawdown Comparison
The maximum IAK drawdown since its inception was -77.38%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for IAK and MSTR.
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Drawdown Indicators
| IAK | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.38% | -99.86% | +22.48% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -76.53% | +68.91% |
Max Drawdown (3Y)Largest decline over 3 years | -11.58% | -77.42% | +65.84% |
Max Drawdown (5Y)Largest decline over 5 years | -14.76% | -84.11% | +69.35% |
Max Drawdown (10Y)Largest decline over 10 years | -44.95% | -89.27% | +44.32% |
Current DrawdownCurrent decline from peak | -0.23% | -73.84% | +73.61% |
Average DrawdownAverage peak-to-trough decline | -16.11% | -86.45% | +70.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 53.01% | -49.60% |
Volatility
IAK vs. MSTR - Volatility Comparison
The current volatility for iShares U.S. Insurance ETF (IAK) is 5.49%, while Strategy Inc (MSTR) has a volatility of 21.60%. This indicates that IAK experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAK | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 21.60% | -16.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.75% | 57.34% | -46.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.10% | 71.15% | -56.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.14% | 90.79% | -72.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 73.80% | -52.88% |
Dividends
IAK vs. MSTR - Dividend Comparison
IAK's dividend yield for the trailing twelve months is around 2.60%, while MSTR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 2.60% | 1.69% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% |
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IAK and MSTR have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (21.60%) compared to IAK (5.49%). In terms of maximum drawdown, IAK dropped -77.38% vs MSTR's -99.86%.
IAK currently has the higher Sharpe Ratio (0.29 vs -0.95), 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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