IHAK vs. SPY
Compare and contrast key facts about iShares Cybersecurity & Tech ETF (IHAK) and SPDR S&P 500 ETF (SPY).
IHAK and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IHAK is a passively managed fund by iShares that tracks the performance of the NYSE FactSet Global Cyber Security Index. It was launched on Jun 11, 2019. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both IHAK and SPY 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: IHAK or SPY.
Key characteristics
| IHAK | SPY | |
|---|---|---|
| YTD Return | 12.15% | 26.83% |
| 1Y Return | 27.28% | 34.88% |
| 3Y Return (Ann) | 1.93% | 10.16% |
| 5Y Return (Ann) | 14.02% | 15.71% |
| Sharpe Ratio | 1.75 | 3.08 |
| Sortino Ratio | 2.33 | 4.10 |
| Omega Ratio | 1.30 | 1.58 |
| Calmar Ratio | 1.68 | 4.46 |
| Martin Ratio | 5.38 | 20.22 |
| Ulcer Index | 5.80% | 1.85% |
| Daily Std Dev | 17.81% | 12.18% |
| Max Drawdown | -34.42% | -55.19% |
| Current Drawdown | -0.59% | -0.26% |
Correlation
The correlation between IHAK and SPY is 0.73, 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
IHAK vs. SPY - Performance Comparison
In the year-to-date period, IHAK achieves a 12.15% return, which is significantly lower than SPY's 26.83% 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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IHAK vs. SPY - Expense Ratio Comparison
IHAK has a 0.47% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
IHAK vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Cybersecurity & Tech ETF (IHAK) and SPDR S&P 500 ETF (SPY). 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
IHAK vs. SPY - Dividend Comparison
IHAK's dividend yield for the trailing twelve months is around 0.09%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHAK iShares Cybersecurity & Tech ETF | 0.09% | 0.13% | 0.25% | 0.50% | 0.40% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
IHAK vs. SPY - Drawdown Comparison
The maximum IHAK drawdown since its inception was -34.42%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IHAK and SPY. For additional features, visit the drawdowns tool.
Volatility
IHAK vs. SPY - Volatility Comparison
iShares Cybersecurity & Tech ETF (IHAK) has a higher volatility of 4.98% compared to SPDR S&P 500 ETF (SPY) at 3.77%. This indicates that IHAK's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.