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ETFs

iShares U.S. Insurance ETF

IAK
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 01 2006
Expense Ratio
0.39%
Type
US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$2,066,272
AUM
$348,116,701
Associated Index
Dow Jones US Select Insurance Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CB
Chubb Limited
12.91%
PGR
Progressive Corp.
12.37%
AIG
American International Group Inc
6.46%
AFL
Aflac Inc.
6.10%
MET
Metlife Inc
6.01%
ACGL
Arch Capital Group Ltd
4.60%
ALL
Allstate Corp (The)
4.59%
TRV
Travelers Companies Inc.
4.53%
PRU
Prudential Financial Inc.
4.44%
HIG
Hartford Financial Services Group Inc.
3.60%
Invest with IAK

What is IAK?

The iShares Dow Jones U.S. Insurance Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the Dow Jones U.S. Select Insurance Index.

ETFs related toIAK

ETFs correlated to IAK include KIE, IYF, FAS

IAK
BlackRock Institutional Trust Company N.A. - iShares U.S. Insurance ETF
KIE
SPDR Series Trust - SPDR S&P Insurance ETF
IYF
BlackRock Institutional Trust Company N.A. - iShares U.S. Financials ETF
FAS
Direxion Shares ETF Trust - Direxion Daily Financial Bull 3x Shares
XLF
SSgA Active Trust - Financial Select Sector SPDR
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
PWV
Invesco Capital Management LLC - Invesco Large Cap Value ETF
VYM
Vanguard Group, Inc. - Vanguard High Dividend Yield Indx ETF
VTV
Vanguard Group, Inc. - Vanguard Value ETF
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toIAK

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Risk Rating

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Risk Rating

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Create your own algorithmic trading strategy with IAK using Composer

FAQ

IAK is a US Equities ETF. The iShares Dow Jones U.S. Insurance Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the Dow Jones U.S. Select Insurance Index.

IAK tracks the Dow Jones US Select Insurance Index.

No, IAK is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IAK is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IAK is 0.0454%. This is the percent change in the value of IAK over the most recent 1-month period. The 3-month return on IAK is 0.0968%. This is the percent change in the value of IAK over the most recent 3-month period.

The standard deviation of IAK for the past year is 0.1931%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IAK include XLI, XLY, and XLV.

ETFs correlated to IAK include KIE, IYF, and FAS.

ETFs that are inversely correlated to IAK include FAZ, BNKD, and DOG.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.