IAK vs. IPO ETF Comparison
Comparison of iShares U.S. Insurance ETF (IAK) to Renaissance IPO ETF (IPO)
IAK
iShares U.S. Insurance ETF
IAK Description
The investment seeks to track the investment results of an index composed of U.S. equities in the insurance sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Insurance Index (the "underlying index"), which measures the performance of the insurance sector of the U.S. equity market. The underlying index may include large-, mid- or small-capitalization companies, and components primarily include financial and insurance companies. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$132.89
Average Daily Volume
68,067
52
IPO
Renaissance IPO ETF
IPO Description
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.Grade (RS Rating)
Last Trade
$44.31
Average Daily Volume
23,663
17
Performance
| Period | IAK | IPO |
|---|---|---|
| 30 Days | 0.76% | 1.07% |
| 60 Days | 3.14% | 4.26% |
| 90 Days | 9.09% | 9.86% |
| 12 Months | 39.56% | 36.10% |
0 Overlapping Holdings
| Symbol | Grade | Weight in IAK | Weight in IPO | Overlap |
|---|
IAK Overweight 52 Positions Relative to IPO
| Symbol | Grade | Weight | |
|---|---|---|---|
| PGR | B | 16.51% | |
| CB | C | 11.54% | |
| TRV | A | 6.35% | |
| AFL | C | 5.98% | |
| MET | A | 4.7% | |
| PRU | A | 4.68% | |
| AIG | B | 4.6% | |
| ALL | A | 4.48% | |
| HIG | C | 4.05% | |
| ACGL | C | 3.94% | |
| CINF | A | 2.76% | |
| MKL | A | 2.54% | |
| PFG | C | 2.2% | |
| WRB | A | 2.15% | |
| L | A | 1.8% | |
| FNF | C | 1.8% | |
| UNM | A | 1.39% | |
| AIZ | A | 1.28% | |
| ERIE | F | 1.27% | |
| KNSL | C | 1.2% | |
| GL | B | 1.18% | |
| PRI | A | 1.18% | |
| AFG | A | 1.16% | |
| ORI | A | 1.04% | |
| RLI | A | 0.84% | |
| FAF | C | 0.78% | |
| AXS | A | 0.76% | |
| SIGI | A | 0.72% | |
| THG | A | 0.68% | |
| LNC | A | 0.62% | |
| WTM | A | 0.58% | |
| AGO | A | 0.52% | |
| CNO | A | 0.49% | |
| KMPR | A | 0.48% | |
| BHF | A | 0.38% | |
| GNW | A | 0.35% | |
| OSCR | F | 0.32% | |
| PLMR | A | 0.31% | |
| MCY | A | 0.24% | |
| STC | A | 0.24% | |
| HMN | A | 0.21% | |
| SKWD | A | 0.2% | |
| TRUP | A | 0.2% | |
| LMND | A | 0.18% | |
| EIG | A | 0.16% | |
| SAFT | A | 0.16% | |
| AMSF | A | 0.14% | |
| CNA | C | 0.14% | |
| PRA | A | 0.1% | |
| AMBC | C | 0.07% | |
| UFCS | A | 0.06% | |
| JRVR | F | 0.04% |
IAK: Top Represented Industries & Keywords
IPO: Top Represented Industries & Keywords
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