PRAE vs. IAK
PRAE (PlanRock Alternative Growth ETF) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - PRAE is a Diversified Portfolio fund actively managed by PlanRock, while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. PRAE is actively managed, while IAK is passively managed. Over the past year, PRAE returned 26.90% vs 19.67% for IAK. Their 0.16 correlation means their historical movements had little consistent relationship. PRAE charges 1.43%/yr vs 0.38%/yr for IAK.
Performance
PRAE vs. IAK - Performance Comparison
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Returns By Period
In the year-to-date period, PRAE achieves a 9.22% return, which is significantly lower than IAK's 10.11% return.
PRAE
- 1D
- 0.11%
- 1M
- 1.81%
- 6M
- 3.55%
- YTD
- 9.22%
- 1Y
- 26.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.09%
IAK
- 1D
- 0.03%
- 1M
- -0.03%
- 6M
- 12.56%
- YTD
- 10.11%
- 1Y
- 19.67%
- 3Y*
- 19.67%
- 5Y*
- 15.99%
- 10Y*
- 13.18%
- ALL TIME*
- 7.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.27M | $20.59M | $12.29M | |
| $53.94K | $44.85K | $42.03K |
PRAE vs. IAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PRAE PlanRock Alternative Growth ETF | 9.22% | 13.70% | 8.54% | 0.07% |
IAK iShares U.S. Insurance ETF | 10.11% | 9.50% | 28.25% | 1.42% |
Correlation
The correlation between PRAE and IAK is -0.10, 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. | -0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2023 | 0.16 |
The correlation between PRAE and IAK shifts across timeframes, from -0.10 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PRAE vs. IAK — Risk / Return Rank
PRAE
IAK
PRAE vs. IAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PlanRock Alternative Growth ETF (PRAE) 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.
| PRAE | IAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.22 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.59 | +0.17 |
| Martin ratioReturn relative to average drawdown | 8.66 | 6.29 | +2.36 |
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Drawdowns
PRAE vs. IAK - Drawdown Comparison
The maximum PRAE drawdown since its inception was -17.67%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for PRAE and IAK.
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Drawdown Indicators
| PRAE | IAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.67% | -77.38% | +59.71% |
Max Drawdown (1Y)Largest decline over 1 year | -9.77% | -7.62% | -2.15% |
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 | -3.01% | -3.20% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -4.08% | -16.01% | +11.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 3.13% | -0.02% |
Volatility
PRAE vs. IAK - Volatility Comparison
The current volatility for PlanRock Alternative Growth ETF (PRAE) is 2.82%, while iShares U.S. Insurance ETF (IAK) has a volatility of 6.56%. This indicates that PRAE 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
| PRAE | IAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 6.56% | -3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 12.05% | 12.42% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.96% | 15.99% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.94% | 18.13% | -3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.94% | 20.92% | -5.98% |
PRAE vs. IAK - Expense Ratio Comparison
PRAE has a 1.43% expense ratio, which is higher than IAK's 0.38% expense ratio.
Dividends
PRAE vs. IAK - Dividend Comparison
PRAE's dividend yield for the trailing twelve months is around 0.49%, less than IAK's 2.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 2.42% | 1.69% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% |
PRAE PlanRock Alternative Growth ETF | 0.49% | 0.18% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PRAE and IAK have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAK has higher volatility (6.56%) compared to PRAE (2.82%). In terms of maximum drawdown, PRAE dropped -17.67% vs IAK's -77.38%.
On 1-year performance, PRAE leads with 26.90% vs 19.67% for IAK. On fees, IAK is cheaper at 0.38% per year. On volatility, PRAE has been the lower-risk option at 2.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PRAE has performed better with a 26.90% return vs 19.67%. 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 1.43% for PRAE.
IAK has the higher dividend yield at 2.42%, compared with 0.49% for PRAE.
PRAE is categorized as Diversified Portfolio, while IAK is Financials Equities. They also come from different issuers: PlanRock and iShares. Their fees differ too: 1.43% for PRAE and 0.38% for IAK.
PRAE currently has the higher Sharpe Ratio (1.70 vs 1.24), 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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