IAK vs. TSMG
IAK (iShares U.S. Insurance ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both exchange-traded funds - IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index, while TSMG is a Leveraged Equities fund actively managed by Leverage Shares. IAK is passively managed, while TSMG is actively managed. Over the past year, IAK returned -4.16% vs 297.71% for TSMG. At a correlation of -0.11, they often move in opposite directions. IAK charges 0.43%/yr vs 0.75%/yr for TSMG.
Performance
IAK vs. TSMG - Performance Comparison
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Returns By Period
In the year-to-date period, IAK achieves a -4.56% return, which is significantly lower than TSMG's 86.06% return.
IAK
- 1D
- -0.88%
- 1M
- -2.27%
- YTD
- -4.56%
- 6M
- -1.81%
- 1Y
- -4.16%
- 3Y*
- 16.73%
- 5Y*
- 11.50%
- 10Y*
- 11.66%
TSMG
- 1D
- -4.26%
- 1M
- 15.77%
- YTD
- 86.06%
- 6M
- 95.35%
- 1Y
- 297.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAK vs. TSMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IAK iShares U.S. Insurance ETF | -4.56% | 10.63% |
TSMG Leverage Shares 2X Long TSM Daily ETF | 86.06% | 76.34% |
Correlation
The correlation between IAK and TSMG is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025 | -0.11 |
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Return for Risk
IAK vs. TSMG — Risk / Return Rank
IAK
TSMG
IAK vs. TSMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Insurance ETF (IAK) and Leverage Shares 2X Long TSM Daily ETF (TSMG). 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.
| IAK | TSMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.47 | ||
| Sortino ratioReturn per unit of downside risk | -4.07 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.46 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 8.50 | -9.05 |
| Martin ratioReturn relative to average drawdown | -1.14 | 27.74 | -28.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IAK | TSMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.28 | 4.18 | -4.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 1.69 | -1.43 |
Drawdowns
IAK vs. TSMG - Drawdown Comparison
The maximum IAK drawdown since its inception was -77.38%, which is greater than TSMG's maximum drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for IAK and TSMG.
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Drawdown Indicators
| IAK | TSMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.38% | -63.67% | -13.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -35.29% | +27.67% |
Max Drawdown (3Y)Largest decline over 3 years | -11.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.95% | — | — |
Current DrawdownCurrent decline from peak | -5.82% | -4.26% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -16.13% | -16.98% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 10.79% | -6.83% |
Volatility
IAK vs. TSMG - Volatility Comparison
The current volatility for iShares U.S. Insurance ETF (IAK) is 3.82%, while Leverage Shares 2X Long TSM Daily ETF (TSMG) has a volatility of 23.14%. This indicates that IAK experiences smaller price fluctuations and is considered to be less risky than TSMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAK | TSMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 23.14% | -19.32% |
Volatility (6M)Calculated over the trailing 6-month period | 9.98% | 55.07% | -45.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.77% | 71.74% | -56.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 81.06% | -62.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 81.06% | -60.17% |
IAK vs. TSMG - Expense Ratio Comparison
IAK has a 0.43% expense ratio, which is lower than TSMG's 0.75% expense ratio.
Dividends
IAK vs. TSMG - Dividend Comparison
IAK's dividend yield for the trailing twelve months is around 2.76%, less than TSMG's 6.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 2.76% | 1.69% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% |
TSMG Leverage Shares 2X Long TSM Daily ETF | 6.17% | 11.48% | 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 TSMG have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSMG has higher volatility (23.14%) compared to IAK (3.82%). In terms of maximum drawdown, IAK dropped -77.38% vs TSMG's -63.67%.
On 1-year performance, TSMG leads with 297.71% vs -4.16% for IAK. On fees, IAK is cheaper at 0.43% per year. On volatility, IAK has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TSMG has performed better with a 297.71% return vs -4.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAK is cheaper with a 0.43% expense ratio, compared with 0.75% for TSMG.
TSMG has the higher dividend yield at 6.17%, compared with 2.76% for IAK.
IAK is categorized as Financials Equities, while TSMG is Leveraged Equities. They also come from different issuers: iShares and Leverage Shares. Their fees differ too: 0.43% for IAK and 0.75% for TSMG.
TSMG currently has the higher Sharpe Ratio (4.18 vs -0.28), 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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