IAK
iShares U.S. Insurance ETF
The iShares U.S. Insurance ETF seeks to track the investment results of an index composed of U.S. equities in the insurance sector.
US
EQUITY
Passive
MANAGEMENT STYLE
775.6 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Fund sponsor | Barclays Global Fund Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 01, 2006 |
| Assets (mns) | $776 |
| Expense ratio | 40 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PROGRESSIVE CORP | 16.2 % |
| CHUBB LIMITED | 11.7 % |
| TRAVELERS COS INC/THE | 6.4 % |
| AFLAC INC | 6.1 % |
| METLIFE INC | 4.7 % |
| PRUDENTIAL FINANCIAL INC | 4.7 % |
| ALLSTATE CORP | 4.5 % |
| AMERICAN INTERNATIONAL GROUP | 4.4 % |
| HARTFORD FINANCIAL SVCS GRP | 4.1 % |
| ARCH CAPITAL GROUP LTD | 3.9 % |
Constituent Breakdown
| Number of holdings | 52 |
| Herfindahl-Hirschman Index | 641 |
| Wgt avg mkt cap (mns) | $65,326 |
| Large cap (>$10bn) | 89.3% |
| Mid cap ($2-10bn) | 9.3% |
| Small cap (<$2bn) | 1.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 82.7 % |
 |
SWITZERLAND | 11.7 % |
 |
BERMUDA | 5.3 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 27.3% | 36.0% | 19.9% | 16.9% | 15.0% | 12.2% | 7.3% | Volatility | 14.5% | 14.0% | 16.1% | 18.3% | 25.2% | 20.7% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.58 | 33% |
| MSCI EAFE | 0.62 | 39% |
| MSCI Emg Mkts | 0.30 | 9% |
Liquidity Measures
| Avg. volume (000) | 55 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.12% |
| ADV of underlying (mns) | $4,302 |
Technical Indicators
| Recent close | $134.89 |
| 30d moving avg. | $129.57 |
| Annualized volatility | 17.6% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 1.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IAK |
Expenses vs. IAK |
ALTAR Score™ vs. IAK |
|---|---|---|---|---|
| KBWP | Invesco KBW Property & Casualty Insurance ETF | 50.9% | -5 bp | -0.2% |
| KIE | SPDR S&P Insurance ETF | 48.8% | -5 bp | +0.2% |
| RSPF | Invesco S&P 500 Equal Weight Financials ETF | 21.6% | 0 bp | +0.3% |
| FXO | First Trust Financials AlphaDEX Fund | 20.7% | +22 bp | +1.5% |
| USCF | Themes US Cash Flow Champions ETF | 15.1% | -11 bp | +2.0% |
| IYF | iShares U.S. Financials ETF | 15.1% | 0 bp | -0.4% |
| DVLU | First Trust Dorsey Wright Momentum & Value ETF | 14.7% | +20 bp | +2.8% |
| SPVM | Invesco S&P 500 Value with Momentum ETF | 14.4% | -1 bp | +2.0% |
| LYLD | Cambria Large Cap Shareholder Yield ETF | 13.4% | +19 bp | +3.3% |
| EQRR | ProShares Equities for Rising Rates ETF | 12.7% | -5 bp | +2.0% |
Risk and Returns: IAK vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
IAK
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
IAK
5.8%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. IAK's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places IAK in the 56th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IAKSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| IAK (40 bp) Percentile rank | 63 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IAK | 40.0 | 12.2 | 52.2 |
| Peer Avg. | 28.8 | 6.6 | 35.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .