USD vs. IAK
USD (ProShares Ultra Semiconductors) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%), while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. Both are passively managed. Over the past 10 years, USD returned 53.94%/yr vs 13.18%/yr for IAK. Their 0.43 correlation means their historical movements had little consistent relationship. USD charges 0.95%/yr vs 0.38%/yr for IAK.
Performance
USD vs. IAK - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, USD achieves a 55.27% return, which is significantly higher than IAK's 10.11% return. Over the past 10 years, USD has outperformed IAK with an annualized return of 53.94%, while IAK has yielded a comparatively lower 13.18% annualized return.
USD
- 1D
- 3.34%
- 1M
- -7.07%
- 6M
- 41.04%
- YTD
- 55.27%
- 1Y
- 98.72%
- 3Y*
- 95.45%
- 5Y*
- 54.39%
- 10Y*
- 53.94%
- ALL TIME*
- 28.27%
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 | |
| $71.31M | $70.59M | $96.20M |
USD vs. IAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 55.27% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
IAK iShares U.S. Insurance ETF | 10.11% | 9.50% | 28.25% | 11.28% | 11.33% | 26.84% | -2.86% | 25.94% | -11.48% | 14.18% |
Correlation
The correlation between USD and IAK is -0.34, 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. | -0.34 |
Correlation (3Y) Balances recent behavior with more history. | -0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | 0.43 |
The correlation between USD and IAK shifts across timeframes, from -0.34 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
USD vs. IAK - Sectors Allocation Comparison
Sectors
USD
IAK
Technology
-
Financial Services
Energy
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Healthcare
-
Industrials
-
-
Real Estate
-
-
Utilities
-
-
Technology
USD
IAK
-
Financial Services
USD
IAK
Energy
USD
IAK
-
Basic Materials
USD
-
IAK
-
Communication Services
USD
-
IAK
-
Consumer Cyclical
USD
-
IAK
-
Consumer Defensive
USD
-
IAK
-
Healthcare
USD
-
IAK
Industrials
USD
-
IAK
-
Real Estate
USD
-
IAK
-
Utilities
USD
-
IAK
-
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
USD vs. IAK — Risk / Return Rank
USD
IAK
USD vs. IAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) 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.
| USD | IAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 2.59 | -0.07 |
| Martin ratioReturn relative to average drawdown | 7.21 | 6.29 | +0.92 |
Loading charts...
Drawdowns
USD vs. IAK - Drawdown Comparison
The maximum USD drawdown since its inception was -88.63%, which is greater than IAK's maximum drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for USD and IAK.
Loading charts...
Drawdown Indicators
| USD | IAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -77.38% | -11.25% |
Max Drawdown (1Y)Largest decline over 1 year | -39.33% | -7.62% | -31.71% |
Max Drawdown (3Y)Largest decline over 3 years | -64.46% | -11.58% | -52.88% |
Max Drawdown (5Y)Largest decline over 5 years | -77.85% | -14.76% | -63.09% |
Max Drawdown (10Y)Largest decline over 10 years | -77.85% | -44.95% | -32.90% |
Current DrawdownCurrent decline from peak | -28.27% | -3.20% | -25.07% |
Average DrawdownAverage peak-to-trough decline | -32.23% | -16.01% | -16.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.74% | 3.13% | +10.61% |
Volatility
USD vs. IAK - Volatility Comparison
ProShares Ultra Semiconductors (USD) has a higher volatility of 27.45% compared to iShares U.S. Insurance ETF (IAK) at 6.56%. This indicates that USD'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.
Loading charts...
Volatility by Period
| USD | IAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.45% | 6.56% | +20.89% |
Volatility (6M)Calculated over the trailing 6-month period | 61.08% | 12.42% | +48.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.76% | 15.99% | +57.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.77% | 18.13% | +60.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.41% | 20.92% | +49.49% |
USD vs. IAK - Expense Ratio Comparison
USD has a 0.95% expense ratio, which is higher than IAK's 0.38% expense ratio.
Dividends
USD vs. IAK - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.37%, 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% |
USD ProShares Ultra Semiconductors | 0.37% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
USD and IAK have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (27.45%) compared to IAK (6.56%). In terms of maximum drawdown, USD dropped -88.63% vs IAK's -77.38%.
On 10-year performance, USD leads with 53.94% vs 13.18% 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 10-year period, USD has performed better with a 53.94% return vs 13.18%. 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 0.95% for USD.
IAK has the higher dividend yield at 2.42%, compared with 0.37% for USD.
USD is categorized as Leveraged Equities, while IAK is Financials Equities. USD tracks Dow Jones U.S. Semiconductors Index (200%), while IAK tracks Dow Jones U.S. Select Insurance Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for USD and 0.38% for IAK.
USD currently has the higher Sharpe Ratio (1.35 vs 1.24), 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.
Find the right allocation for USD and IAK
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer