RVNL vs. IAK
RVNL (GraniteShares 2x Long RIVN Daily ETF) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - RVNL is a Leveraged Equities fund actively managed by GraniteShares, while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. RVNL is actively managed, while IAK is passively managed. Over the past year, RVNL returned -18.13% vs 19.63% for IAK. Their -0.06 correlation means they have often moved in opposite directions in the past. RVNL charges 1.15%/yr vs 0.38%/yr for IAK.
Performance
RVNL vs. IAK - Performance Comparison
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Returns By Period
In the year-to-date period, RVNL achieves a -59.36% return, which is significantly lower than IAK's 10.07% return.
RVNL
- 1D
- -19.28%
- 1M
- -39.48%
- 6M
- -25.62%
- YTD
- -59.36%
- 1Y
- -18.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.97%
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 | |
| $2.76M | $4.10M | $2.75M |
RVNL vs. IAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RVNL GraniteShares 2x Long RIVN Daily ETF | -59.36% | 109.17% |
IAK iShares U.S. Insurance ETF | 10.07% | 9.38% |
Correlation
The correlation between RVNL 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 (All Time) Calculated using the full available price history since Apr 22, 2025 | -0.06 |
RVNL vs. IAK - Sectors Allocation Comparison
Sectors
RVNL
IAK
Consumer Cyclical
-
Basic Materials
-
-
Communication Services
-
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
Healthcare
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Consumer Cyclical
RVNL
IAK
-
Basic Materials
RVNL
-
IAK
-
Communication Services
RVNL
-
IAK
-
Consumer Defensive
RVNL
-
IAK
-
Energy
RVNL
-
IAK
-
Financial Services
RVNL
-
IAK
Healthcare
RVNL
-
IAK
Industrials
RVNL
-
IAK
-
Real Estate
RVNL
-
IAK
-
Technology
RVNL
-
IAK
-
Utilities
RVNL
-
IAK
-
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Return for Risk
RVNL vs. IAK — Risk / Return Rank
RVNL
IAK
RVNL vs. IAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long RIVN Daily ETF (RVNL) 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.
| RVNL | IAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.21 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 2.45 | -2.79 |
| Martin ratioReturn relative to average drawdown | -0.55 | 5.96 | -6.51 |
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Drawdowns
RVNL vs. IAK - Drawdown Comparison
The maximum RVNL drawdown since its inception was -72.92%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for RVNL and IAK.
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Drawdown Indicators
| RVNL | IAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.92% | -77.38% | +4.46% |
Max Drawdown (1Y)Largest decline over 1 year | -72.92% | -7.62% | -65.30% |
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 | -68.83% | -3.23% | -65.60% |
Average DrawdownAverage peak-to-trough decline | -42.42% | -16.01% | -26.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.41% | 3.13% | +42.28% |
Volatility
RVNL vs. IAK - Volatility Comparison
GraniteShares 2x Long RIVN Daily ETF (RVNL) has a higher volatility of 62.71% compared to iShares U.S. Insurance ETF (IAK) at 7.03%. This indicates that RVNL'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
| RVNL | IAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 62.71% | 7.03% | +55.68% |
Volatility (6M)Calculated over the trailing 6-month period | 107.27% | 12.43% | +94.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 141.47% | 16.00% | +125.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 131.75% | 18.13% | +113.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 131.75% | 20.92% | +110.83% |
RVNL vs. IAK - Expense Ratio Comparison
RVNL has a 1.15% expense ratio, which is higher than IAK's 0.38% expense ratio.
Dividends
RVNL vs. IAK - Dividend Comparison
RVNL has not paid dividends to shareholders, while IAK's dividend yield for the trailing twelve months is around 2.43%.
| 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% |
RVNL GraniteShares 2x Long RIVN Daily ETF | 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
RVNL 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.
RVNL has higher volatility (62.71%) compared to IAK (7.03%). In terms of maximum drawdown, RVNL dropped -72.92% vs IAK's -77.38%.
On 1-year performance, IAK leads with 19.63% vs -18.13% for RVNL. On fees, IAK is cheaper at 0.38% per year. On volatility, IAK has been the lower-risk option at 7.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IAK has performed better with a 19.63% return vs -18.13%. 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 1.15% for RVNL.
IAK has the higher dividend yield at 2.43%, compared with 0.00% for RVNL.
RVNL is categorized as Leveraged Equities, while IAK is Financials Equities. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.15% for RVNL and 0.38% for IAK.
IAK currently has the higher Sharpe Ratio (1.17 vs -0.17), 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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