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XPND vs. IAK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XPND vs. IAK

Last updated Aug 4, 2026
Documentation

XPND (First Trust Expanded Technology ETF) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - XPND is a Technology Equities fund actively managed by First Trust, while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. XPND is actively managed, while IAK is passively managed. Over the past 5 years, XPND returned 12.22%/yr vs 15.99%/yr for IAK. Their 0.27 correlation means their historical movements had little consistent relationship. XPND charges 0.65%/yr vs 0.38%/yr for IAK.

Performance

XPND vs. IAK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Expanded Technology ETF (XPND) and iShares U.S. Insurance ETF (IAK). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XPND achieves a 6.06% return, which is significantly lower than IAK's 10.11% return.

XPND

1D
1.23%
1M
-3.81%
6M
7.94%
YTD
6.06%
1Y
15.04%
3Y*
22.06%
5Y*
12.22%
10Y*
—
ALL TIME*
13.68%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IAK

iShares U.S. Insurance ETF
$15.27M$20.59M$12.29M

XPND

First Trust Expanded Technology ETF
$71.00K$148.72K$150.95K

XPND vs. IAK - Yearly Performance Comparison

2026 (YTD)20252024202320222021
XPND
First Trust Expanded Technology ETF		6.06%18.82%29.61%46.13%-29.66%15.05%
IAK
iShares U.S. Insurance ETF		10.11%9.50%28.25%11.28%11.33%7.26%

Correlation

The correlation between XPND and IAK is -0.20, 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.

-0.20

Correlation (3Y)
Balances recent behavior with more history.

0.09

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.28

Correlation (All Time)
Calculated using the full available price history since Jun 15, 2021

0.27

The correlation between XPND and IAK shifts across timeframes, from -0.20 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.

XPND vs. IAK - Sectors Allocation Comparison

Sectors
XPND
IAK

Technology

77.5%

-

Communication Services

13.3%

-

Financial Services

9.2%
99.3%

Basic Materials

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

0.7%

Industrials

-

-

Real Estate

-

-

Utilities

-

-

Technology

XPND
77.5%
IAK

-

Communication Services

XPND
13.3%
IAK

-

Financial Services

XPND
9.2%
IAK
99.3%

Basic Materials

XPND

-

IAK

-

Consumer Cyclical

XPND

-

IAK

-

Consumer Defensive

XPND

-

IAK

-

Energy

XPND

-

IAK

-

Healthcare

XPND

-

IAK
0.7%

Industrials

XPND

-

IAK

-

Real Estate

XPND

-

IAK

-

Utilities

XPND

-

IAK

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Expanded Technology ETF

iShares U.S. Insurance ETF

Often compared with XPND:
XPND vs. FFNDXPND vs. SPRXXPND vs. IETCXPND vs. XLKXPND vs. GFOFXPND vs. FNGSXPND vs. MTUM
Often compared with IAK:
IAK vs. KIEIAK vs. KBWPIAK vs. IHEIAK vs. DIVBIAK vs. INFLIAK vs. ^SP500TRIAK vs. VYM

Return for Risk

XPND vs. IAK — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
XPND
XPND Risk / Return Rank: 2727
Overall Rank
XPND Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
XPND Sortino Ratio Rank: 2828
Sortino Ratio Rank
XPND Omega Ratio Rank: 2727
Omega Ratio Rank
XPND Calmar Ratio Rank: 2727
Calmar Ratio Rank
XPND Martin Ratio Rank: 2727
Martin Ratio Rank
IAK
IAK Risk / Return Rank: 5454
Overall Rank
IAK Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
IAK Sortino Ratio Rank: 4949
Sortino Ratio Rank
IAK Omega Ratio Rank: 4747
Omega Ratio Rank
IAK Calmar Ratio Rank: 7272
Calmar Ratio Rank
IAK Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XPND vs. IAK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Expanded Technology ETF (XPND) 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.

XPNDIAKDifference
Sharpe ratioReturn per unit of total volatility
0.70
1.24

-0.54

Sortino ratioReturn per unit of downside risk
1.07
1.81

-0.74

Omega ratioGain probability vs. loss probability

1.13

1.22

-0.09

Calmar ratioReturn relative to maximum drawdown

0.87

2.59

-1.72

Martin ratioReturn relative to average drawdown

2.29

6.29

-4.01

XPND vs. IAK - Sharpe Ratio Comparison

The current XPND Sharpe Ratio is 0.70, which is lower than the IAK Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of XPND and IAK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XPND vs. IAK - Drawdown Comparison

The maximum XPND drawdown since its inception was -38.00%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for XPND and IAK.

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Drawdown Indicators

XPNDIAKDifference

Max Drawdown

Largest peak-to-trough decline

-38.00%

-77.38%

+39.38%

Max Drawdown (1Y)

Largest decline over 1 year

-17.38%

-7.62%

-9.76%

Max Drawdown (3Y)

Largest decline over 3 years

-23.37%

-11.58%

-11.79%

Max Drawdown (5Y)

Largest decline over 5 years

-38.00%

-14.76%

-23.24%

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.95%

—

Current Drawdown

Current decline from peak

-9.58%

-3.20%

-6.38%

Average Drawdown

Average peak-to-trough decline

-9.95%

-16.01%

+6.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.59%

3.13%

+3.46%

Volatility

XPND vs. IAK - Volatility Comparison

First Trust Expanded Technology ETF (XPND) has a higher volatility of 7.43% compared to iShares U.S. Insurance ETF (IAK) at 6.56%. This indicates that XPND'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

XPNDIAKDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.43%

6.56%

+0.87%

Volatility (6M)

Calculated over the trailing 6-month period

18.20%

12.42%

+5.78%

Volatility (1Y)

Calculated over the trailing 1-year period

21.61%

15.99%

+5.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.43%

18.13%

+6.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.20%

20.92%

+3.28%

XPND vs. IAK - Expense Ratio Comparison

XPND has a 0.65% expense ratio, which is higher than IAK's 0.38% expense ratio.

Dividends

XPND vs. IAK - Dividend Comparison

XPND's dividend yield for the trailing twelve months is around 0.08%, less than IAK's 2.42% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XPND
First Trust Expanded Technology ETF		0.08%0.08%0.12%0.18%0.34%0.02%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XPND and IAK have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XPND has higher volatility (7.43%) compared to IAK (6.56%). In terms of maximum drawdown, XPND dropped -38.00% vs IAK's -77.38%.

On 5-year performance, IAK leads with 15.99% vs 12.22% for XPND. 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 5-year period, IAK has performed better with a 15.99% return vs 12.22%. 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 0.65% for XPND.

IAK has the higher dividend yield at 2.42%, compared with 0.08% for XPND.

XPND is categorized as Technology Equities, while IAK is Financials Equities. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.65% for XPND and 0.38% for IAK.

IAK currently has the higher Sharpe Ratio (1.24 vs 0.70), 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.

Portfolio Optimizer

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