TEKY vs. IAK
TEKY (Lazard Next Gen Technologies ETF) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - TEKY is a Technology Equities fund actively managed by Lazard, while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. TEKY is actively managed, while IAK is passively managed. Over the past year, TEKY returned 27.60% vs 19.67% for IAK. Their -0.14 correlation means they have often moved in opposite directions in the past. TEKY charges 0.50%/yr vs 0.38%/yr for IAK.
Performance
TEKY vs. IAK - Performance Comparison
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Returns By Period
In the year-to-date period, TEKY achieves a 16.57% return, which is significantly higher than IAK's 10.11% return.
TEKY
- 1D
- 2.49%
- 1M
- -3.12%
- 6M
- 17.33%
- YTD
- 16.57%
- 1Y
- 27.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 52.83%
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 | |
| $5.02K | $14.04K | $21.08K |
TEKY vs. IAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TEKY Lazard Next Gen Technologies ETF | 16.57% | 50.31% |
IAK iShares U.S. Insurance ETF | 10.11% | 9.87% |
Correlation
The correlation between TEKY and IAK is -0.29, 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. | -0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025 | -0.14 |
The correlation between TEKY and IAK shifts across timeframes, from -0.29 (1 year) to -0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TEKY vs. IAK — Risk / Return Rank
TEKY
IAK
TEKY vs. IAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Next Gen Technologies ETF (TEKY) 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.
| TEKY | IAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.59 | -1.30 |
| Martin ratioReturn relative to average drawdown | 3.31 | 6.29 | -2.98 |
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Drawdowns
TEKY vs. IAK - Drawdown Comparison
The maximum TEKY drawdown since its inception was -21.43%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for TEKY and IAK.
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Drawdown Indicators
| TEKY | IAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.43% | -77.38% | +55.95% |
Max Drawdown (1Y)Largest decline over 1 year | -21.43% | -7.62% | -13.81% |
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 | -8.36% | -3.20% | -5.16% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -16.01% | +10.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.35% | 3.13% | +5.22% |
Volatility
TEKY vs. IAK - Volatility Comparison
Lazard Next Gen Technologies ETF (TEKY) has a higher volatility of 11.47% compared to iShares U.S. Insurance ETF (IAK) at 6.56%. This indicates that TEKY'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
| TEKY | IAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.47% | 6.56% | +4.91% |
Volatility (6M)Calculated over the trailing 6-month period | 23.92% | 12.42% | +11.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.97% | 15.99% | +11.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.97% | 18.13% | +9.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.97% | 20.92% | +7.05% |
TEKY vs. IAK - Expense Ratio Comparison
TEKY has a 0.50% expense ratio, which is higher than IAK's 0.38% expense ratio.
Dividends
TEKY vs. IAK - Dividend Comparison
TEKY's dividend yield for the trailing twelve months is around 0.17%, 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% |
TEKY Lazard Next Gen Technologies ETF | 0.17% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TEKY and IAK have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEKY has higher volatility (11.47%) compared to IAK (6.56%). In terms of maximum drawdown, TEKY dropped -21.43% vs IAK's -77.38%.
On 1-year performance, TEKY leads with 27.60% vs 19.67% for IAK. On fees, IAK is cheaper at 0.38% per year. On volatility, IAK has been the lower-risk option at 6.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TEKY has performed better with a 27.60% 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 0.50% for TEKY.
IAK has the higher dividend yield at 2.42%, compared with 0.17% for TEKY.
TEKY is categorized as Technology Equities, while IAK is Financials Equities. They also come from different issuers: Lazard and iShares. Their fees differ too: 0.50% for TEKY and 0.38% for IAK.
IAK currently has the higher Sharpe Ratio (1.24 vs 0.99), 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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