PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IAK vs. RCAT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAK vs. RCAT

Last updated Jun 13, 2026

IAK (iShares U.S. Insurance ETF) is Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index, while RCAT (Red Cat Holdings, Inc.) is a stock. Over the past 5 years, IAK returned 13.37%/yr vs 26.88%/yr for RCAT. At a 0.08 correlation, their price movements are largely independent.

Performance

IAK vs. RCAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Insurance ETF (IAK) and Red Cat Holdings, Inc. (RCAT). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IAK achieves a 1.11% return, which is significantly lower than RCAT's 40.98% 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%

RCAT

1D
-6.91%
1M
18.94%
YTD
40.98%
6M
39.05%
1Y
27.77%
3Y*
131.59%
5Y*
26.88%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IAK vs. RCAT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IAK
iShares U.S. Insurance ETF		1.11%9.50%28.25%11.28%11.33%26.84%-2.86%25.94%-11.48%6.19%
RCAT
Red Cat Holdings, Inc.		40.98%-38.29%1,360.23%-6.38%-54.81%-30.67%172.73%73,233.33%-94.74%-28.57%

Correlation

The correlation between IAK and RCAT is 0.01, 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

0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.06

Correlation (5Y)
Calculated over the trailing 5-year period

0.10

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2017

0.08

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Insurance ETF

Red Cat Holdings, Inc.

Often compared with IAK:
IAK vs. KIEIAK vs. KBWPIAK vs. IHEIAK vs. DIVBIAK vs. INFLIAK vs. VYMIAK vs. VTI
Often compared with RCAT:
RCAT vs. ONDSRCAT vs. AVAVRCAT vs. UMACRCAT vs. RGTIRCAT vs. DPRORCAT vs. UAVSRCAT vs. KROS

Return for Risk

IAK vs. RCAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAK
IAK Risk / Return Rank: 1515
Overall Rank
IAK Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
IAK Sortino Ratio Rank: 1313
Sortino Ratio Rank
IAK Omega Ratio Rank: 1313
Omega Ratio Rank
IAK Calmar Ratio Rank: 1717
Calmar Ratio Rank
IAK Martin Ratio Rank: 1616
Martin Ratio Rank
RCAT
RCAT Risk / Return Rank: 5656
Overall Rank
RCAT Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
RCAT Sortino Ratio Rank: 6363
Sortino Ratio Rank
RCAT Omega Ratio Rank: 5858
Omega Ratio Rank
RCAT Calmar Ratio Rank: 5454
Calmar Ratio Rank
RCAT Martin Ratio Rank: 5353
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IAK vs. RCAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Insurance ETF (IAK) and Red Cat Holdings, Inc. (RCAT). 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.

IAKRCATDifference
Sharpe ratioReturn per unit of total volatility
0.29
0.23

+0.06

Sortino ratioReturn per unit of downside risk
0.50
1.28

-0.78

Omega ratioGain probability vs. loss probability

1.06

1.14

-0.08

Calmar ratioReturn relative to maximum drawdown

0.57

0.46

+0.11

Martin ratioReturn relative to average drawdown

1.27

0.92

+0.35

IAK vs. RCAT - Sharpe Ratio Comparison

The current IAK Sharpe Ratio is 0.29, which is comparable to the RCAT Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of IAK and RCAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

IAK vs. RCAT - Drawdown Comparison

The maximum IAK drawdown since its inception was -77.38%, smaller than the maximum RCAT drawdown of -99.21%. Use the drawdown chart below to compare losses from any high point for IAK and RCAT.

Loading charts...

Drawdown Indicators

IAKRCATDifference

Max Drawdown

Largest peak-to-trough decline

-77.38%

-99.21%

+21.83%

Max Drawdown (1Y)

Largest decline over 1 year

-7.62%

-60.08%

+52.46%

Max Drawdown (3Y)

Largest decline over 3 years

-11.58%

-67.16%

+55.58%

Max Drawdown (5Y)

Largest decline over 5 years

-14.76%

-92.25%

+77.49%

Max Drawdown (10Y)

Largest decline over 10 years

-44.95%

—

—

Current Drawdown

Current decline from peak

-0.23%

-35.60%

+35.37%

Average Drawdown

Average peak-to-trough decline

-16.11%

-65.98%

+49.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.41%

30.17%

-26.76%

Volatility

IAK vs. RCAT - Volatility Comparison

The current volatility for iShares U.S. Insurance ETF (IAK) is 5.49%, while Red Cat Holdings, Inc. (RCAT) has a volatility of 40.71%. This indicates that IAK experiences smaller price fluctuations and is considered to be less risky than RCAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IAKRCATDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.49%

40.71%

-35.22%

Volatility (6M)

Calculated over the trailing 6-month period

10.75%

85.22%

-74.47%

Volatility (1Y)

Calculated over the trailing 1-year period

15.10%

120.36%

-105.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.14%

115.04%

-96.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.92%

29,209.75%

-29,188.83%

Dividends

IAK vs. RCAT - Dividend Comparison

IAK's dividend yield for the trailing twelve months is around 2.60%, while RCAT has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
RCAT
Red Cat Holdings, 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 RCAT have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RCAT has higher volatility (40.71%) compared to IAK (5.49%). In terms of maximum drawdown, IAK dropped -77.38% vs RCAT's -99.21%.

IAK currently has the higher Sharpe Ratio (0.29 vs 0.23), 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.

Portfolio Optimizer

Find the right allocation for IAK and RCAT

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer