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QQQH vs. IAK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQH vs. IAK

Last updated Aug 5, 2026
Documentation

QQQH (NEOS Nasdaq-100 Hedged Equity Income ETF) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - QQQH is a Nasdaq-100 fund actively managed by Neos, while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. QQQH is actively managed, while IAK is passively managed. Over the past 5 years, QQQH returned 7.57%/yr vs 15.76%/yr for IAK. Their 0.22 correlation means their historical movements had little consistent relationship. QQQH charges 0.68%/yr vs 0.38%/yr for IAK.

Performance

QQQH vs. IAK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) and iShares U.S. Insurance ETF (IAK). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QQQH achieves a 6.32% return, which is significantly lower than IAK's 10.25% return.

QQQH

1D
1.44%
1M
0.44%
6M
6.29%
YTD
6.32%
1Y
13.37%
3Y*
18.06%
5Y*
7.57%
10Y*
—
ALL TIME*
9.98%

IAK

1D
0.13%
1M
0.10%
6M
12.79%
YTD
10.25%
1Y
18.62%
3Y*
19.72%
5Y*
15.76%
10Y*
13.19%
ALL TIME*
7.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IAK

iShares U.S. Insurance ETF
$17.61M$21.24M$12.77M

QQQH

NEOS Nasdaq-100 Hedged Equity Income ETF
$1.75M$1.56M$1.79M

QQQH vs. IAK - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
QQQH
NEOS Nasdaq-100 Hedged Equity Income ETF		6.32%14.17%25.98%30.96%-28.35%9.76%18.62%0.47%
IAK
iShares U.S. Insurance ETF		10.25%9.50%28.25%11.28%11.33%26.84%-2.86%-0.08%

Correlation

The correlation between QQQH and IAK is -0.19, 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.

-0.19

Correlation (3Y)
Balances recent behavior with more history.

0.05

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.20

Correlation (All Time)
Calculated using the full available price history since Dec 20, 2019

0.22

The correlation between QQQH and IAK shifts across timeframes, from -0.19 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

QQQH vs. IAK - Sectors Allocation Comparison

Sectors
QQQH
IAK

Technology

57.9%

-

Communication Services

11.8%

-

Consumer Cyclical

9.8%

-

Consumer Defensive

6.4%

-

Industrials

4.0%

-

Healthcare

3.6%
0.7%

Utilities

1.2%

-

Basic Materials

1.0%

-

Energy

0.5%

-

Financial Services

0.2%
99.3%

Real Estate

0.1%

-

Technology

QQQH
57.9%
IAK

-

Communication Services

QQQH
11.8%
IAK

-

Consumer Cyclical

QQQH
9.8%
IAK

-

Consumer Defensive

QQQH
6.4%
IAK

-

Industrials

QQQH
4.0%
IAK

-

Healthcare

QQQH
3.6%
IAK
0.7%

Utilities

QQQH
1.2%
IAK

-

Basic Materials

QQQH
1.0%
IAK

-

Energy

QQQH
0.5%
IAK

-

Financial Services

QQQH
0.2%
IAK
99.3%

Real Estate

QQQH
0.1%
IAK

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

NEOS Nasdaq-100 Hedged Equity Income ETF

iShares U.S. Insurance ETF

Often compared with QQQH:
QQQH vs. QQQIQQQH vs. IWMQQQH vs. JEPQQQQH vs. GPIQQQQH vs. SPYQQQH vs. IWMIQQQH vs. GPIX
Often compared with IAK:
IAK vs. KIEIAK vs. KBWPIAK vs. IHEIAK vs. DIVBIAK vs. INFLIAK vs. ^SP500TRIAK vs. VYM

Return for Risk

QQQH vs. IAK — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
QQQH
QQQH Risk / Return Rank: 4545
Overall Rank
QQQH Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
QQQH Sortino Ratio Rank: 4040
Sortino Ratio Rank
QQQH Omega Ratio Rank: 4040
Omega Ratio Rank
QQQH Calmar Ratio Rank: 4848
Calmar Ratio Rank
QQQH Martin Ratio Rank: 5454
Martin Ratio Rank
IAK
IAK Risk / Return Rank: 4747
Overall Rank
IAK Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
IAK Sortino Ratio Rank: 4242
Sortino Ratio Rank
IAK Omega Ratio Rank: 4040
Omega Ratio Rank
IAK Calmar Ratio Rank: 6363
Calmar Ratio Rank
IAK Martin Ratio Rank: 4747
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQQH vs. IAK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) 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.

QQQHIAKDifference
Sharpe ratioReturn per unit of total volatility
1.17
1.17

0.00

Sortino ratioReturn per unit of downside risk
1.65
1.73

-0.07

Omega ratioGain probability vs. loss probability

1.22

1.21

0.00

Calmar ratioReturn relative to maximum drawdown

1.93

2.45

-0.52

Martin ratioReturn relative to average drawdown

7.08

5.95

+1.13

QQQH vs. IAK - Sharpe Ratio Comparison

The current QQQH Sharpe Ratio is 1.17, which is comparable to the IAK Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of QQQH and IAK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

QQQH vs. IAK - Drawdown Comparison

The maximum QQQH drawdown since its inception was -31.24%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for QQQH and IAK.

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Drawdown Indicators

QQQHIAKDifference

Max Drawdown

Largest peak-to-trough decline

-31.24%

-77.38%

+46.14%

Max Drawdown (1Y)

Largest decline over 1 year

-6.96%

-7.62%

+0.66%

Max Drawdown (3Y)

Largest decline over 3 years

-15.18%

-11.58%

-3.60%

Max Drawdown (5Y)

Largest decline over 5 years

-31.24%

-14.76%

-16.48%

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.95%

—

Current Drawdown

Current decline from peak

-1.49%

-3.07%

+1.58%

Average Drawdown

Average peak-to-trough decline

-8.11%

-16.01%

+7.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

3.14%

-1.25%

Volatility

QQQH vs. IAK - Volatility Comparison

The current volatility for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) is 4.21%, while iShares U.S. Insurance ETF (IAK) has a volatility of 6.55%. This indicates that QQQH 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

QQQHIAKDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.21%

6.55%

-2.34%

Volatility (6M)

Calculated over the trailing 6-month period

9.39%

12.42%

-3.03%

Volatility (1Y)

Calculated over the trailing 1-year period

11.50%

15.96%

-4.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.47%

18.13%

-4.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.47%

20.91%

-7.44%

QQQH vs. IAK - Expense Ratio Comparison

QQQH has a 0.68% expense ratio, which is higher than IAK's 0.38% expense ratio.

Dividends

QQQH vs. IAK - Dividend Comparison

QQQH's dividend yield for the trailing twelve months is around 8.97%, more than IAK's 2.42% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
QQQH
NEOS Nasdaq-100 Hedged Equity Income ETF		8.97%8.86%7.53%7.18%9.05%7.77%7.48%0.65%0.00%0.00%0.00%0.00%

Frequently Asked Questions

QQQH and IAK have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IAK has higher volatility (6.55%) compared to QQQH (4.21%). In terms of maximum drawdown, QQQH dropped -31.24% vs IAK's -77.38%.

On 5-year performance, IAK leads with 15.76% vs 7.57% for QQQH. On fees, IAK is cheaper at 0.38% per year. On volatility, QQQH has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IAK has performed better with a 15.76% return vs 7.57%. 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 0.68% for QQQH.

QQQH has the higher dividend yield at 8.97%, compared with 2.42% for IAK.

QQQH is categorized as Nasdaq-100, while IAK is Financials Equities. They also come from different issuers: Neos and iShares. Their fees differ too: 0.68% for QQQH and 0.38% for IAK.

IAK currently has the higher Sharpe Ratio (1.17 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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