QVOY vs. IAK
QVOY (Q3 All-Season Active Rotation ETF) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - QVOY is a Diversified Portfolio fund actively managed by Q3, while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. QVOY is actively managed, while IAK is passively managed. Over the past 3 years, QVOY returned 9.09%/yr vs 19.72%/yr for IAK. Their 0.25 correlation means their historical movements had little consistent relationship. QVOY charges 1.30%/yr vs 0.38%/yr for IAK.
Performance
QVOY vs. IAK - Performance Comparison
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Returns By Period
In the year-to-date period, QVOY achieves a 8.43% return, which is significantly lower than IAK's 10.07% return.
QVOY
- 1D
- -0.52%
- 1M
- -1.91%
- 6M
- 4.51%
- YTD
- 8.43%
- 1Y
- 21.62%
- 3Y*
- 9.09%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.51%
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 | |
| $188.32K | $185.06K | $225.54K |
QVOY vs. IAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QVOY Q3 All-Season Active Rotation ETF | 8.43% | 16.45% | 1.55% | 17.19% | -0.99% |
IAK iShares U.S. Insurance ETF | 10.07% | 9.50% | 28.25% | 11.28% | -0.91% |
Correlation
The correlation between QVOY and IAK is -0.11, 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. | -0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2022 | 0.25 |
The correlation between QVOY and IAK shifts across timeframes, from -0.11 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QVOY vs. IAK — Risk / Return Rank
QVOY
IAK
QVOY vs. IAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Q3 All-Season Active Rotation ETF (QVOY) 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.
| QVOY | IAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.45 | -0.33 |
| Martin ratioReturn relative to average drawdown | 5.17 | 5.96 | -0.80 |
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Drawdowns
QVOY vs. IAK - Drawdown Comparison
The maximum QVOY drawdown since its inception was -17.05%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for QVOY and IAK.
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Drawdown Indicators
| QVOY | IAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.05% | -77.38% | +60.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -7.62% | -1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -17.05% | -11.58% | -5.47% |
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 | -8.37% | -3.23% | -5.14% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -16.01% | +12.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 3.13% | +0.72% |
Volatility
QVOY vs. IAK - Volatility Comparison
The current volatility for Q3 All-Season Active Rotation ETF (QVOY) is 4.27%, while iShares U.S. Insurance ETF (IAK) has a volatility of 7.03%. This indicates that QVOY 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
| QVOY | IAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 7.03% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 12.43% | +2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.03% | 16.00% | +2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.36% | 18.13% | -2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.36% | 20.92% | -5.56% |
QVOY vs. IAK - Expense Ratio Comparison
QVOY has a 1.30% expense ratio, which is higher than IAK's 0.38% expense ratio.
Dividends
QVOY vs. IAK - Dividend Comparison
QVOY's dividend yield for the trailing twelve months is around 8.58%, more than IAK's 2.43% yield.
| 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% |
QVOY Q3 All-Season Active Rotation ETF | 8.58% | 9.30% | 10.88% | 6.03% | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QVOY and IAK have a correlation of -0.11, 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 QVOY (4.27%). In terms of maximum drawdown, QVOY dropped -17.05% vs IAK's -77.38%.
On 3-year performance, IAK leads with 19.72% vs 9.09% for QVOY. On fees, IAK is cheaper at 0.38% per year. On volatility, QVOY has been the lower-risk option at 4.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IAK has performed better with a 19.72% return vs 9.09%. 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 1.30% for QVOY.
QVOY has the higher dividend yield at 8.58%, compared with 2.43% for IAK.
QVOY is categorized as Diversified Portfolio, while IAK is Financials Equities. They also come from different issuers: Q3 and iShares. Their fees differ too: 1.30% for QVOY and 0.38% for IAK.
IAK currently has the higher Sharpe Ratio (1.17 vs 1.10), 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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