ETF Evaluator:
iShares US Insurance ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Financial Over the Last Year
| 46.8% | Themes Global Systemically Imp Bks ETF (GSIB) |
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| 30.8% | First Trust NASDAQ® ABA Community Bk ETF (QABA) |
| 30.6% | iShares US Regional Banks ETF (IAT) |
| 29.8% | State Street® SPDR® S&PRgnllBkgETF (KRE) |
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Risk
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ETF Details
iShares US Insurance ETF Overview
iShares US Insurance ETF (IAK) is a passively managed Sector Equity Financial exchange-traded fund (ETF). iShares launched the ETF in 2006.
The investment seeks to track the investment results of the Dow Jones U.S. Select Insurance Index composed of U.S. equities in the insurance sector.
The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents as well as in securities not included in the underlying index, but which BFA believes will help the fund track the index. The fund is non-diversified.
About iShares US Insurance ETF (IAK)
There are 4 members of the management team with an average tenure of 4.48 years: Jennifer Hsui (2012), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P US TMI TR USD index with a weighting of 100% and DJ US Select Insurc TR USD index with a weighting of 100%. iShares US Insurance ETF has 61 securities in its portfolio. The top 10 holdings constitute 66.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares US Insurance ETF is part of the Equity global asset class and is within the Sector Equity ETF group. iShares US Insurance ETF has 12.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 87.0% There is 12.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares US Insurance ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $536 million in total assets, which is below the $2 billion average for the Financial category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IAK Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares US Insurance ETF expense ratio is below average compared to funds in the Financial category. iShares US Insurance ETF has an expense ratio of 0.37%, which is 76% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares US Insurance ETF has a portfolio turnover rate of 5%, which indicates that it holds its assets around / 0.2 years. By way of comparison, the average portfolio turnover is 27% for the Financial category.
Recently, in the month of July 2026, iShares US Insurance ETF returned 4.7%, which earned it a grade of C, as the Financial category had an average return of 4.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares US Insurance ETF has a trailing yield of 2.43%, which is below the 3.85% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares US Insurance ETF Grades
Year to date, the ETF has returned 10.1%, 5.3 percentage points better than the category, which translates into a grade of B. The fund has returned 18.5% over the past year (grade of B), 19.8% over the past three years (grade of B) and 15.9% per year over the past five years (grade of A) and 13.4% per year over the past 10 years (grade of B).
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IAK Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IAK Return (NAV) | 4.7% | 11.5% | 18.5% | 19.8% | 15.9% | 13.4% |
| IAK Return (Price) | 4.7% | 11.5% | 18.6% | 19.8% | 16.0% | 13.4% |
| NAV +/- Price Return | 0.016% | -0.066% | -0.062% | -0.046% | -0.017% | -0.001% |
| Financial Avg | 4.6% | 6.3% | 9.3% | 15.6% | 8.6% | 10.8% |
| IAK Grade (NAV) | C | A | B | B | A | B |
| +/- Category (NAV) | 0.1% | 5.2% | 9.2% | 4.2% | 7.3% | 2.5% |
| IAK Tax-Cost Ratio | na | na | 0.9% | 0.6% | 0.5% | 0.6% |
IAK Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IAK Return (NAV) | 10.1% | 9.5% | 28.2% | 11.2% | 11.4% | 26.7% | -2.9% | 25.5% | -11.1% | 14.1% | 18.4% |
| IAK Return (Price) | 10.1% | 9.5% | 28.3% | 11.3% | 11.4% | 26.8% | -2.9% | 26.0% | -11.5% | 14.2% | 18.2% |
| NAV +/- Price Ret | -0.005% | 0.000% | 0.003% | 0.006% | -0.007% | 0.005% | 0.006% | 1.8% | 3.6% | 0.5% | -1.0% |
| Financial Avg | 4.8% | 11.7% | 23.9% | 13.9% | -13.8% | 32.1% | -1.0% | 28.6% | -12.8% | 14.2% | 22.3% |
| IAK Grade (NAV) | B | C | B | D | A | F | C | D | B | C | D |
| +/- Category | 5.3% | -2.2% | 4.3% | -2.6% | 25.2% | -5.4% | -1.9% | -3.1% | 1.7% | -0.1% | -4.0% |
| Risk Measures | |
| Beta: | 0.33 |
| R-Squared: | 7% |
| Standard Deviation: | 15.5% |
| Category Risk Index: | 0.91 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.27 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 2.4% |
| Total Assets: | $ 537 Mil |
| Share Class Assets: | $ 537 Mil |
| Turnover: | 5.0% |
| Expense Ratio: | 0.37% |
| Index Fund: | Yes |
| Index Tracked: | S&P US TMI TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 13.9 years | |||
| Average Tenure: 4.5 years | |||
| Managers (Year): Hsui Jennifer (2012), Sietsema Peter (2025), Waldron Matt (2025), White Steven (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 61 |
| % in Top 10 Holdings: | 66.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 12.9% |
Portfolio Allocation |
|
| Domestic Stock: | 87.0% |
| Foreign Stock: | 12.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | au.ishares.com |
| Inception Date: | May 1, 2006 |
Expenses and Fees
| Expense Ratio (%): | 0.37% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 1.52% |
