FXOvsIAKETF Comparison
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First Trust Financials AlphaDEX Fund ETF (FXO) and iShares U.S. Insurance ETF (IAK) belong to the same industry segment: US Financials. Both ETFs have the same top 3 sector exposures: and Financials. FXO is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.38% for IAK. FXO is up 0.3% year-to-date (YTD) with -$1.03B in YTD flows. IAK performs worse with -1.59% YTD performance, and -$112M in YTD flows. Run a side-by-side ETF comparison of FXO and IAK below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FXO vs IAK performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FXO IAK | +7.82%+2.94% | +0.13%+1.87% | +0.30%-1.59% | +22.98%+3.34% | +70.02%+60.68% | +55.58%+85.96% |
| Flows | FXO IAK | -$40M-$20M | -$1.00B-$72M | -$1.03B-$112M | -$1.22B-$361M | -$376M-$281M | -$172M+$81M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FXO IAK | +16.94%+14.75% | +16.18%+15.20% | +20.11%+16.39% | +22.40%+18.16% |
| Max drawdown | FXO IAK | -11.66%-7.37% | -11.66%-8.22% | -21.21%-11.52% | -29.07%-14.68% |
| Max drawdown duration | FXO IAK | 74d53d | 74d206d | 260d254d | 798d203d |
Trading data
FXO | IAK | |
Last sale 4/24/2026 at 1:30 PM | $59.48 | $131.84 |
| Previous close 04/23/2026 | $60.00 | $133.43 |
| Consolidated volume 04/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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FXO | IAK | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/24/2026 at 1:30 PM
Live
Closed
FXO | IAK | |
|---|---|---|
| Last price | $59.48 | $131.84 |
| 1D performance | -0.87% | -1.19% |
| AuM | $1.09 B | $369.23 M |
| E/R | 0.6% | 0.38% |
Characteristics
FXO | IAK | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | iShares |
| Benchmark | StrataQuant Financials Index | Dow Jones U.S. Select Insurance Index |
| N° of holdings | 101 | 54 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | May 1, 2006 |
| ESG | No | No |
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Exposure
Countries
FXO
USA
84.11%
Bermuda
8.89%
Other
7%
IAK
USA
80.02%
Switzerland
13.67%
Other
6.32%
Sectors
FXO
Financials
95.88%
Other
4.12%
IAK
Financials
99.2%
Other
0.8%
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Diversification
FXO
Total weight of top 15 holdings out of 15
25.78%
IAK
Total weight of top 15 holdings out of 15
79.12%
Top 15 holdings
Data as of March 31, 2026
FXO
RENAISSANCERE
1.88%
BANK OF NEW YORK MELLON
1.86%
VIRTU FINANCIL/D
1.81%
BANK OZK
1.79%
ARCH CAPITAL GROUP
1.78%
CITIGROUP
1.76%
ALLSTATE
1.75%
FIRST AMERICAN FINANCIAL
1.72%
SEI INVESTMENTS
1.70%
AXIS CAPITAL HOLDINGS
1.66%
INVESCO
1.65%
BRIGHTHOUSE FINANCIAL
1.64%
MGIC INVESTMENT
1.60%
ASSURED GUARANTY
1.60%
AMERICAN INTERNATIONAL GROUP
1.58%
IAK
CHUBB LTD
13.67%
PROGRESSIVE
13.40%
TRAVELERS COS INC/THE
7.27%
ALLSTATE
6.22%
METLIFE
4.55%
AFLAC
4.52%
HARTFORD FINANCIAL SERVICES GRUP
4.51%
AMERICAN INTERNATIONAL GROUP
4.34%
ARCH CAPITAL GROUP
4.10%
PRUDENTIAL FINL
4.07%
CINCINNATI FINANCIAL
2.94%
MARKET CORPORATION
2.89%
WR BERKLEY
2.36%
LOEWS
2.16%
PRINCIPAL FINL
2.13%
Frequently asked questions about FXO and IAK
How have the FXO and IAK ETFs performed in 2026?
As of April 23, 2026, FXO is up 0.3% year-to-date (YTD), while IAK has lost -1.59%. That puts FXO better performer ahead so far this year.
Which ETF is attracting more investor money: FXO or IAK?
Year-to-date, the FXO ETF saw -$1.03B in flows, compared to -$112M for IAK.
Which ETF is more volatile: FXO or IAK?
Over the past year, FXO had a volatility of 16.18%, while IAK experienced 15.2%.
Which ETF is bigger: FXO or IAK?
As of April 23, 2026, FXO holds $1.09 B in assets under management (AUM), while IAK manages $369.23 M.
What sectors do the FXO and IAK ETFs invest in?
FXO leans toward sectors like Financials. Meanwhile, IAK focuses on Financials.
What are the top holdings of the FXO ETF and IAK ETF?
FXO top holdings include RENAISSANCERE, BANK OF NEW YORK MELLON and VIRTU FINANCIL/D. IAK holds in its top three: CHUBB LTD, PROGRESSIVE and TRAVELERS COS INC/THE.
Which ETF is more diversified: FXO or IAK?
FXO holds 103 securities with 25.78% of its assets in the top 15. IAK has 58 securities and a top 15 weight of 79.12%.
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