IAK — iShares U.S. Insurance ETF
Financial Ranked #155 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 (IAK) is a Financial category fund issued by iShares with $420 million in assets under management. It holds a B grade, ranking second among nine peers in its category and 155th out of 458 tracked ETFs overall. The fund charges an expense ratio of 0.37%, which sits slightly above the category median of 0.35%. Its dividend yield of 2.43% exceeds the category median of 1.73%, offering a higher income profile. The top ten holdings comprise 65.9% of assets, with The Progressive Corporation representing the largest single position at 13.6%.
IAK has demonstrated strong long-term momentum, with a three-year return of 67.31% and a one-year gain of 17.47% that significantly outpaces the category median of 8.65%. Short-term performance shows divergence, as the fund rose 6.67% over the last month but declined 2.20% in the most recent day. The price currently sits at 80.2% of its 52-week range, indicating it is near the upper end of its recent trading band. The fund’s rating was upgraded from C to B on October 19, 2026, reflecting this improved standing. Historical data is available for only 3.0 years, limiting the depth of the long-term record.
The ETF exhibits a beta of 0.38, suggesting it moves less than the broader market, and carries a moderate annualized volatility of 16.04%. A Sharpe ratio of 0.78 indicates reasonable risk-adjusted returns relative to the volatility experienced. The maximum drawdown of -11.58% reflects the peak-to-trough decline recorded during the available history. Liquidity is supported by an average daily volume of 111,490 shares, providing adequate trading activity. These metrics collectively describe a fund that has historically offered lower market sensitivity and moderate price fluctuations.
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 — IYF 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 |
|---|---|---|---|---|
| IYF | iShares U.S. Financials 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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — 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 2.43%. 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: Average daily volume is 111K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $420M 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 | -2.20% |
| 1-Week | +0.82% |
| 1-Month | +6.67% |
| 3-Month | -1.12% |
| 6-Month | +12.12% |
| YTD | +11.16% |
| 1-Year | +17.47% |
| 3-Year | +67.31% |
How IAK Compares to Other Financial ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #152 | B |
XLF | State Street Financial Select Sector SPDR ETF | +8.30% | 0.08% | $51.0B |
| #155 | B |
IAK | iShares U.S. Insurance ETF | +17.47% | 0.37% | $420M |
| #161 | B |
KBWB | Invesco KBW Bank ETF | +19.17% | 0.35% | $6.20B |
| #167 | C |
KRE | State Street SPDR S&P Regional Banking ETF | +22.74% | 0.35% | $3.73B |
| #187 | C |
VFH | Vanguard Financials Index Fund ETF Shares | +8.32% | 0.09% | $13.8B |
| #206 | C |
KBE | State Street SPDR S&P Bank ETF | +18.21% | 0.35% | $1.47B |
| #215 | C |
FNCL | Fidelity MSCI Financials Index ETF | +8.35% | 0.084% | $2.24B |
| #219 | C |
IYF | iShares U.S. Financials ETF | +8.65% | 0.37% | $3.75B |
| #345 | C |
IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | +5.26% | 0.37% | $1.32B |