Trust and Insurance ETFs

Trust and Insurance ETFs
  • Pininvest Analysis

While insurance has a record of reliable performance in the finance industry, the track record of the ETFs  in our theme reflects the catastrophe-prone year 2017

Market cap weighted iShares IAK/NYSEARCA is diversified in property and casualty (app. 46%), life (app. 31%) and multiline (app. 16%), with the top listed firms accounting for the majority of the fund’s assets

Modified equal weighted SPDR KIE/NYSEARCA includes all segments of the insurance industry : property and casualty (app. 40%), life & health (app. 25%), as well as multiline, reinsurance, and brokerage

Modified equal weighted PowerShares KBWP/NASDAQ is invested exclusively in property and casualty – which tend to be short-term and less risky than longer term contracts (such as life or long-term care) – and would benefit from short term rising interest rates

Along with 2 Financials ETFs, exposed to both the insurance and the real estate sectors – with weights of respectively 14% and 18% for iShares U.S. Financials ETF IYF/NYSEARCA and 23% and 17% for First Trust Financials AlphaDEX Fund FXO/NYSEARCA – the group performance is middling but volatility remains markedly low

More on the reinsurance business of Berkshire Hathaway BRK_B/NYSE

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Trust and Insurance ETFs • Updated:

Name Ticker Exchange Category SubCategory Currency Cur.Price AUM Perf. Vol. Risk Contrib. MDD
Berkshire Hathaway BRK_B NYSE - - USD 179.66 - -10.6% 30%   16% -30%
First Trust Financials AlphaDEX Fund FXO NYSEARCA Finance Broad Financials USD 21.52 1.8 B -26.5% 36%   16% -49%
Invesco KBW Property & Casualty Insurance KBWP NASDAQ Finance Insurance USD 52.52 94 M -12.7% 33%   17% -40%
iShares Dow Jones US Financial Sector Index Fund IYF NYSEARCA Finance Broad Financials USD 98.05 1.6 B -15.0% 34%   17% -43%
iShares U.S. Insurance ETF IAK NYSEARCA Finance Insurance USD 49.48 83 M -19.9% 34%   16% -45%
SPDR S&P Insurance ETF KIE NYSEARCA Finance Insurance USD 24.94 786 M -17.3% 35%   18% -45%