IAK — iShares U.S. Insurance ETF
Financial Ranked #292 of 458 tracked ETFs · Issued by iShares
IAK Price Performance — Growth of $10,000
Value of a $10,000 investment in IAK over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
IAK Drawdown
The "underwater" chart: IAK's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in IAK?
See what a lump sum in IAK would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The iShares U.S. Insurance ETF is a Financial category fund issued by iShares with $511 million in assets. It holds a C grade and ranks 6 of 9 within its category, placing it at #292 overall among 458 tracked ETFs. The fund’s 0.37% expense ratio sits slightly above the category median of 0.35%, while its 2.48% dividend yield significantly exceeds the peer median of 1.65%. Concentration is notable, with the top 10 holdings comprising 65.9% of assets and The Progressive Corporation representing the largest single position at 13.6%.
The ETF’s rating was downgraded from B to C on 2026-07-30, reflecting a shift in its assessment. Price history is available for only 3.0 years, limiting the depth of historical context. The fund is currently priced at $142.94, which is 66.0% of its 52-week range. Short-term performance shows weakness with a 1-month return of -2.50%, contrasting with a stronger 1-year return of +10.98% that matches the category median. Longer-term results remain positive, with a 3-year return of +61.70%.
With a beta of 0.32, the fund exhibits low sensitivity to broader market movements. Annualized volatility is 16.12%, labeled as Moderate, while the Sharpe ratio of 0.37 indicates modest risk-adjusted returns. The maximum drawdown of -11.58% suggests limited downside severity during recent periods. Liquidity is average, with a daily volume of 122,570 shares and a bid/ask spread of 1.93%.
AI-generated summary based on the data on this page.
IAK Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | THE PROGRESSIVE CORPORATION | 13.64% | $57M |
| 2 | Chubb Limited | 13.13% | $55M |
| 3 | The Travelers Companies, Inc. | 7.51% | $32M |
| 4 | THE ALLSTATE CORPORATION | 6.55% | $28M |
| 5 | AFLAC INCORPORATED | 4.54% | $19M |
| 6 | AMERICAN INTERNATIONAL GROUP, INC. | 4.28% | $18M |
| 7 | METLIFE, INC. | 4.24% | $18M |
| 8 | PRUDENTIAL FINANCIAL, INC. | 4.17% | $18M |
| 9 | THE HARTFORD INSURANCE GROUP, INC. | 4.06% | $17M |
| 10 | ARCH CAPITAL GROUP LTD. | 3.77% | $16M |
Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 65.9% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how IAK's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With IAK
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with IAK's top 10 — HDV overlaps most, holding 1 of the same companies as IAK's top 10 (13.6% of IAK's assets).
| ETF | Name | Shared Companies | IAK Weight | Examples |
|---|---|---|---|---|
| HDV | iShares Core High Dividend ETF | 1 | 13.6% | THE PROGRESSIVE CORPORATION |
| USMV | iShares MSCI USA Min Vol Factor ETF | 1 | 13.1% | Chubb Limited |
| RDVY | First Trust Rising Dividend Achievers ETF | 1 | 6.6% | THE ALLSTATE CORPORATION |
| IWS | iShares Russell Mid-Cap Value ETF | 1 | 6.6% | THE ALLSTATE CORPORATION |
| PSK | State Street SPDR ICE Preferred Securities ETF | 1 | 6.6% | THE ALLSTATE CORPORATION |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 4.80% (as of 2026-09-08) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 15.72 (as of 2026-09-08) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What IAK's Fees Cost You
IAK charges an expense ratio of 0.37% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
IAK Dividend Income Estimator
IAK currently yields 2.48%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
IAK Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 1.93% and average daily volume is 123K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $511M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: IAK is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
IAK Performance History
| Period | Return |
|---|---|
| 1-Day | -0.09% |
| 1-Week | -0.61% |
| 1-Month | -2.50% |
| 3-Month | +8.12% |
| 6-Month | +10.11% |
| YTD | +7.80% |
| 1-Year | +10.98% |
| 3-Year | +61.70% |
How IAK Compares to Other Financial ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #113 | B |
KBWB | Invesco KBW Bank ETF | +28.83% | 0.35% | $6.77B |
| #177 | C |
XLF | State Street Financial Select Sector SPDR ETF | +9.10% | 0.08% | $54.6B |
| #223 | C |
VFH | Vanguard Financials Index Fund ETF Shares | +8.94% | 0.09% | $14.8B |
| #243 | C |
IYF | iShares U.S. Financials ETF | +10.53% | 0.37% | $4.29B |
| #253 | C |
FNCL | Fidelity MSCI Financials Index ETF | +8.85% | 0.084% | $2.40B |
| #292 | C |
IAK | iShares U.S. Insurance ETF | +10.98% | 0.37% | $511M |
| #351 | C |
KRE | State Street SPDR S&P Regional Banking ETF | +14.83% | 0.35% | $4.01B |
| #353 | C |
IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | +11.57% | 0.37% | $1.41B |
| #360 | C |
KBE | State Street SPDR S&P Bank ETF | +13.31% | 0.35% | $1.62B |