MFUT vs. IAK
MFUT (Cambria Chesapeake Pure Trend ETF) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - MFUT is a Systematic Trend fund actively managed by Cambria, while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. MFUT is actively managed, while IAK is passively managed. Over the past year, MFUT returned 32.56% vs 19.63% for IAK. Their -0.02 correlation means they have often moved in opposite directions in the past. MFUT charges 1.18%/yr vs 0.38%/yr for IAK.
Performance
MFUT vs. IAK - Performance Comparison
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Returns By Period
In the year-to-date period, MFUT achieves a 17.76% return, which is significantly higher than IAK's 10.07% return.
MFUT
- 1D
- 0.31%
- 1M
- 5.39%
- 6M
- 9.31%
- YTD
- 17.76%
- 1Y
- 32.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.69%
IAK
- 1D
- -0.31%
- 1M
- -0.06%
- 6M
- 12.67%
- YTD
- 10.07%
- 1Y
- 19.63%
- 3Y*
- 19.72%
- 5Y*
- 15.95%
- 10Y*
- 13.45%
- ALL TIME*
- 7.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.76M | $20.90M | $11.89M | |
| $88.88K | $72.41K | $209.22K |
MFUT vs. IAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MFUT Cambria Chesapeake Pure Trend ETF | 17.76% | -1.83% | -16.64% |
IAK iShares U.S. Insurance ETF | 10.07% | 9.50% | 12.00% |
Correlation
The correlation between MFUT and IAK is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.18 |
Correlation (All Time) Calculated using the full available price history since May 29, 2024 | -0.02 |
The correlation between MFUT and IAK shifts across timeframes, from -0.18 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MFUT vs. IAK — Risk / Return Rank
MFUT
IAK
MFUT vs. IAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Chesapeake Pure Trend ETF (MFUT) and iShares U.S. Insurance ETF (IAK). 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.
| MFUT | IAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.21 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 2.45 | +0.71 |
| Martin ratioReturn relative to average drawdown | 8.45 | 5.96 | +2.49 |
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Drawdowns
MFUT vs. IAK - Drawdown Comparison
The maximum MFUT drawdown since its inception was -29.28%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for MFUT and IAK.
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Drawdown Indicators
| MFUT | IAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.28% | -77.38% | +48.10% |
Max Drawdown (1Y)Largest decline over 1 year | -9.89% | -7.62% | -2.27% |
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 | -4.31% | -3.23% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -15.78% | -16.01% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 3.13% | +0.57% |
Volatility
MFUT vs. IAK - Volatility Comparison
The current volatility for Cambria Chesapeake Pure Trend ETF (MFUT) is 4.07%, while iShares U.S. Insurance ETF (IAK) has a volatility of 7.03%. This indicates that MFUT experiences smaller price fluctuations and is considered to be less risky than IAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFUT | IAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 7.03% | -2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 13.11% | 12.43% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.72% | 16.00% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.68% | 18.13% | -4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.68% | 20.92% | -7.24% |
MFUT vs. IAK - Expense Ratio Comparison
MFUT has a 1.18% expense ratio, which is higher than IAK's 0.38% expense ratio.
Dividends
MFUT vs. IAK - Dividend Comparison
MFUT has not paid dividends to shareholders, while IAK's dividend yield for the trailing twelve months is around 2.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 2.43% | 1.69% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% |
MFUT Cambria Chesapeake Pure Trend ETF | 0.00% | 0.00% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MFUT and IAK have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAK has higher volatility (7.03%) compared to MFUT (4.07%). In terms of maximum drawdown, MFUT dropped -29.28% vs IAK's -77.38%.
On 1-year performance, MFUT leads with 32.56% vs 19.63% for IAK. On fees, IAK is cheaper at 0.38% per year. On volatility, MFUT has been the lower-risk option at 4.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MFUT has performed better with a 32.56% return vs 19.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAK is cheaper with a 0.38% expense ratio, compared with 1.18% for MFUT.
IAK has the higher dividend yield at 2.43%, compared with 0.00% for MFUT.
MFUT is categorized as Systematic Trend, while IAK is Financials Equities. They also come from different issuers: Cambria and iShares. Their fees differ too: 1.18% for MFUT and 0.38% for IAK.
MFUT currently has the higher Sharpe Ratio (1.99 vs 1.17), 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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