IAT vs. JPM
Compare and contrast key facts about iShares U.S. Regional Banks ETF (IAT) and JPMorgan Chase & Co. (JPM).
IAT is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Regional Banks Index. It was launched on May 5, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IAT or JPM.
Key characteristics
| IAT | JPM | |
|---|---|---|
| YTD Return | 0.03% | 12.69% |
| 1Y Return | 23.98% | 38.35% |
| 3Y Return (Ann) | -7.80% | 11.16% |
| 5Y Return (Ann) | 0.76% | 14.14% |
| 10Y Return (Ann) | 4.93% | 16.25% |
| Sharpe Ratio | 0.69 | 2.23 |
| Daily Std Dev | 30.71% | 17.14% |
| Max Drawdown | -77.23% | -74.02% |
| Current Drawdown | -35.24% | -4.89% |
Correlation
The correlation between IAT and JPM is 0.81, 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
IAT vs. JPM - Performance Comparison
In the year-to-date period, IAT achieves a 0.03% return, which is significantly lower than JPM's 12.69% return. Over the past 10 years, IAT has underperformed JPM with an annualized return of 4.93%, while JPM has yielded a comparatively higher 16.25% annualized return. 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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Risk-Adjusted Performance
IAT vs. JPM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Regional Banks ETF (IAT) and JPMorgan Chase & Co. (JPM). 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
IAT vs. JPM - Dividend Comparison
IAT's dividend yield for the trailing twelve months is around 3.84%, more than JPM's 2.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAT iShares U.S. Regional Banks ETF | 3.84% | 3.56% | 3.12% | 1.88% | 2.87% | 2.49% | 2.48% | 1.55% | 1.52% | 1.78% | 1.68% | 1.56% |
JPM JPMorgan Chase & Co. | 2.24% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% | 2.49% | 2.33% |
Drawdowns
IAT vs. JPM - Drawdown Comparison
The maximum IAT drawdown since its inception was -77.23%, roughly equal to the maximum JPM drawdown of -74.02%. Use the drawdown chart below to compare losses from any high point for IAT and JPM. For additional features, visit the drawdowns tool.
Volatility
IAT vs. JPM - Volatility Comparison
The current volatility for iShares U.S. Regional Banks ETF (IAT) is 7.61%, while JPMorgan Chase & Co. (JPM) has a volatility of 8.29%. This indicates that IAT experiences smaller price fluctuations and is considered to be less risky than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.