NANC vs. IOO

Last updated Apr 1, 2026

Compare and contrast key facts about Subversive Unusual Whales Democratic ETF (NANC) and iShares Global 100 ETF (IOO).

NANC and IOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NANC is an actively managed fund by Subversive. It was launched on Feb 7, 2023. IOO is a passively managed fund by iShares that tracks the performance of the S&P Global 100 Index. It was launched on Dec 5, 2000.

Performance

NANC vs. IOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Subversive Unusual Whales Democratic ETF (NANC) and iShares Global 100 ETF (IOO). The values are adjusted to include any dividend payments, if applicable.

NANC vs. IOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NANC Subversive Unusual Whales Democratic ETF	-7.53%	18.54%	26.83%	20.79%
IOO iShares Global 100 ETF	-4.50%	27.02%	26.54%	17.98%

Returns By Period

In the year-to-date period, NANC achieves a -7.53% return, which is significantly lower than IOO's -4.50% return.

NANC

• 1D: 3.10%
• 1M: -5.64%
• YTD: -7.53%
• 6M: -5.59%
• 1Y: 17.53%
• 3Y*: 19.26%
• 5Y*: —
• 10Y*: —

IOO

• 1D: 3.46%
• 1M: -5.18%
• YTD: -4.50%
• 6M: 1.16%
• 1Y: 26.95%
• 3Y*: 21.47%
• 5Y*: 14.29%
• 10Y*: 15.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NANC vs. IOO - Expense Ratio Comparison

NANC has a 0.75% expense ratio, which is higher than IOO's 0.40% expense ratio.

NANC

Subversive Unusual Whales Democratic ETF

IOO

iShares Global 100 ETF

Return for Risk

NANC vs. IOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NANC

NANC Risk / Return Rank: 60
NANC Sharpe Ratio Rank: 56
NANC Sortino Ratio Rank: 59
NANC Omega Ratio Rank: 59
NANC Calmar Ratio Rank: 63
NANC Martin Ratio Rank: 63

IOO

IOO Risk / Return Rank: 83
IOO Sharpe Ratio Rank: 79
IOO Sortino Ratio Rank: 83
IOO Omega Ratio Rank: 82
IOO Calmar Ratio Rank: 82
IOO Martin Ratio Rank: 88

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.

NANC vs. IOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Subversive Unusual Whales Democratic ETF (NANC) and iShares Global 100 ETF (IOO). 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.

	NANC	IOO	Difference
Sharpe ratio Return per unit of total volatility	0.93	1.41	-0.48
Sortino ratio Return per unit of downside risk	1.43	2.09	-0.66
Omega ratio Gain probability vs. loss probability	1.20	1.31	-0.10
Calmar ratio Return relative to maximum drawdown	1.47	2.18	-0.71
Martin ratio Return relative to average drawdown	5.71	10.38	-4.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NANC vs. IOO - Sharpe Ratio Comparison

The current NANC Sharpe Ratio is 0.93, which is lower than the IOO Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of NANC and IOO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NANC	IOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	1.41	-0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	0.36	+0.71

Correlation

The correlation between NANC and IOO is 0.92, 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.

Dividends

NANC vs. IOO - Dividend Comparison

NANC's dividend yield for the trailing twelve months is around 0.23%, less than IOO's 0.96% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NANC Subversive Unusual Whales Democratic ETF	0.23%	0.21%	0.20%	0.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IOO iShares Global 100 ETF	0.96%	0.92%	1.08%	1.49%	2.00%	1.53%	1.49%	2.02%	2.54%	2.23%	2.75%	2.89%

Drawdowns

NANC vs. IOO - Drawdown Comparison

The maximum NANC drawdown since its inception was -20.94%, smaller than the maximum IOO drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for NANC and IOO.

Drawdown Indicators

	NANC	IOO	Difference
Max Drawdown Largest peak-to-trough decline	-20.94%	-55.85%	+34.91%
Max Drawdown (1Y) Largest decline over 1 year	-12.21%	-12.40%	+0.19%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.43%	—
Current Drawdown Current decline from peak	-9.49%	-6.82%	-2.67%
Average Drawdown Average peak-to-trough decline	-2.73%	-11.34%	+8.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	2.61%	+0.54%

Volatility

NANC vs. IOO - Volatility Comparison

The current volatility for Subversive Unusual Whales Democratic ETF (NANC) is 5.84%, while iShares Global 100 ETF (IOO) has a volatility of 6.26%. This indicates that NANC experiences smaller price fluctuations and is considered to be less risky than IOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NANC	IOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	6.26%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	10.69%	10.69%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	18.97%	19.22%	-0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.86%	16.97%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.86%	17.74%	-0.88%