RCAT vs. IAK
RCAT (Red Cat Holdings, Inc.) is a stock, while IAK (iShares U.S. Insurance ETF) is Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. Over the past 5 years, RCAT returned 16.53%/yr vs 16.56%/yr for IAK. Their 0.08 correlation means their historical movements had little consistent relationship.
Performance
RCAT vs. IAK - Performance Comparison
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Returns By Period
In the year-to-date period, RCAT achieves a -14.63% return, which is significantly lower than IAK's 13.01% return.
RCAT
- 1D
- -9.13%
- 1M
- -34.40%
- 6M
- -58.67%
- YTD
- -14.63%
- 1Y
- -17.84%
- 3Y*
- 87.93%
- 5Y*
- 16.53%
- 10Y*
- —
- ALL TIME*
- 7.07%
IAK
- 1D
- -0.64%
- 1M
- 6.61%
- 6M
- 16.90%
- YTD
- 13.01%
- 1Y
- 21.22%
- 3Y*
- 20.81%
- 5Y*
- 16.56%
- 10Y*
- 13.65%
- ALL TIME*
- 7.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.16M | $20.82M | $11.61M | |
| $57.71M | $77.86M | $142.66M |
RCAT vs. IAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RCAT Red Cat Holdings, Inc. | -14.63% | -38.29% | 1,360.23% | -6.38% | -54.81% | -30.67% | 172.73% | -73.81% |
IAK iShares U.S. Insurance ETF | 13.01% | 9.50% | 28.25% | 11.28% | 11.33% | 26.84% | -2.86% | 2.34% |
Correlation
The correlation between RCAT and IAK is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2019 | 0.08 |
The correlation between RCAT and IAK shifts across timeframes, from -0.05 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RCAT vs. IAK — Risk / Return Rank
RCAT
IAK
RCAT vs. IAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Red Cat Holdings, Inc. (RCAT) 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.
| RCAT | IAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.24 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.80 | -3.09 |
| Martin ratioReturn relative to average drawdown | -0.55 | 6.83 | -7.38 |
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Drawdowns
RCAT vs. IAK - Drawdown Comparison
The maximum RCAT drawdown since its inception was -92.25%, which is greater than IAK's maximum drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for RCAT and IAK.
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Drawdown Indicators
| RCAT | IAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.25% | -77.38% | -14.87% |
Max Drawdown (1Y)Largest decline over 1 year | -61.00% | -7.62% | -53.38% |
Max Drawdown (3Y)Largest decline over 3 years | -67.16% | -11.58% | -55.58% |
Max Drawdown (5Y)Largest decline over 5 years | -84.72% | -14.76% | -69.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.95% | — |
Current DrawdownCurrent decline from peak | -61.00% | -0.64% | -60.36% |
Average DrawdownAverage peak-to-trough decline | -62.07% | -16.02% | -46.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.57% | 3.12% | +29.45% |
Volatility
RCAT vs. IAK - Volatility Comparison
Red Cat Holdings, Inc. (RCAT) has a higher volatility of 23.33% compared to iShares U.S. Insurance ETF (IAK) at 6.88%. This indicates that RCAT's price experiences larger fluctuations and is considered to be riskier 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
| RCAT | IAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.33% | 6.88% | +16.45% |
Volatility (6M)Calculated over the trailing 6-month period | 79.38% | 12.20% | +67.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 114.37% | 15.87% | +98.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.88% | 18.11% | +88.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 164.37% | 20.91% | +143.46% |
Dividends
RCAT vs. IAK - Dividend Comparison
RCAT has not paid dividends to shareholders, while IAK's dividend yield for the trailing twelve months is around 2.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 2.36% | 1.69% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% |
RCAT Red Cat Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RCAT and IAK have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCAT has higher volatility (23.33%) compared to IAK (6.88%). In terms of maximum drawdown, RCAT dropped -92.25% vs IAK's -77.38%.
IAK currently has the higher Sharpe Ratio (1.34 vs -0.16), 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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