IAI — iShares U.S. Broker-Dealers & Securities Exchanges ETF
Financial Ranked #345 of 458 tracked ETFs · Issued by iShares
IAI Price Performance — Growth of $10,000
Value of a $10,000 investment in IAI over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
IAI Drawdown
The "underwater" chart: IAI's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in IAI?
See what a lump sum in IAI would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
Issued by iShares, the iShares U.S. Broker-Dealers & Securities Exchanges ETF is a $1.32 billion fund tracking the financial sector. It holds an overall rank of #345 of 458 tracked ETFs and sits at the bottom of its category, ranking 9 of 9 among peers. The fund carries an ETFValuer grade of C with a score of 52.8 out of 100. Its expense ratio of 0.37% exceeds the category median of 0.35%, while its dividend yield of 1.20% trails the median of 1.73%. Concentrated exposure is evident, with the top 10 holdings comprising 76.2% of assets and The Goldman Sachs Group, Inc. representing 20.6%.
The fund’s price of $177.26 places it at 48.3% of its 52-week range, reflecting a 3.0-year history of available data. Short-term performance shows divergence, with a 1-day decline of -1.32% contrasting against a 1-week gain of +0.80%. Over the longer term, the 1-year return of +5.26% falls short of the category median of +8.65%, though the 3-year return has reached +112.33%. The ETFValuer grade of C has remained unchanged across the last 35 tracked days, indicating stability in its rating assessment.
With a beta of 1.21, the fund exhibits greater sensitivity to market movements than the broader market. Annualized volatility stands at 20.69%, which is labeled as Moderate, while the maximum drawdown has reached -23.14%. The Sharpe ratio of 0.01 suggests minimal risk-adjusted returns relative to the risk taken. Liquidity is characterized by an average daily volume of 81,840 shares, indicating moderate trading activity.
AI-generated summary based on the data on this page.
IAI Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | THE GOLDMAN SACHS GROUP, INC. | 20.57% | $274M |
| 2 | MORGAN STANLEY | 17.27% | $230M |
| 3 | THE CHARLES SCHWAB CORPORATION | 8.61% | $115M |
| 4 | ROBINHOOD MARKETS, INC. | 5.31% | $71M |
| 5 | MOODY'S CORPORATION | 4.60% | $61M |
| 6 | S&P GLOBAL INC. | 4.37% | $58M |
| 7 | INTERCONTINENTAL EXCHANGE, INC. | 4.01% | $54M |
| 8 | MSCI INC. | 3.89% | $52M |
| 9 | CME GROUP INC. | 3.83% | $51M |
| 10 | INTERACTIVE BROKERS GROUP, INC. | 3.70% | $49M |
Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 76.2% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how IAI's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With IAI
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with IAI's top 10 — IYF overlaps most, holding 3 of the same companies as IAI's top 10 (46.5% of IAI's assets).
| ETF | Name | Shared Companies | IAI Weight | Examples |
|---|---|---|---|---|
| IYF | iShares U.S. Financials ETF | 3 | 46.5% | THE GOLDMAN SACHS GROUP, INC., MORGAN STANLEY, THE CHARLES SCHWAB CORPORATION |
| XLF | State Street Financial Select Sector SPDR ETF | 2 | 37.8% | THE GOLDMAN SACHS GROUP, INC., MORGAN STANLEY |
| VFH | Vanguard Financials Index Fund ETF Shares | 2 | 37.8% | THE GOLDMAN SACHS GROUP, INC., MORGAN STANLEY |
| KBWB | Invesco KBW Bank ETF | 2 | 37.8% | THE GOLDMAN SACHS GROUP, INC., MORGAN STANLEY |
| FNCL | Fidelity MSCI Financials Index ETF | 2 | 37.8% | THE GOLDMAN SACHS GROUP, INC., MORGAN STANLEY |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What IAI's Fees Cost You
IAI charges an expense ratio of 0.37% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
IAI Dividend Income Estimator
IAI currently yields 1.20%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
IAI Liquidity, Domicile & Tax Treatment
Liquidity: Average daily volume is 82K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $1.32B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: IAI is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
IAI Performance History
| Period | Return |
|---|---|
| 1-Day | -1.32% |
| 1-Week | +0.80% |
| 1-Month | -2.11% |
| 3-Month | -5.78% |
| 6-Month | +0.94% |
| YTD | -1.57% |
| 1-Year | +5.26% |
| 3-Year | +112.33% |
How IAI Compares to Other Financial ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #152 | B |
XLF | State Street Financial Select Sector SPDR ETF | +8.30% | 0.08% | $51.0B |
| #155 | B |
IAK | iShares U.S. Insurance ETF | +17.47% | 0.37% | $420M |
| #161 | B |
KBWB | Invesco KBW Bank ETF | +19.17% | 0.35% | $6.20B |
| #167 | C |
KRE | State Street SPDR S&P Regional Banking ETF | +22.74% | 0.35% | $3.73B |
| #187 | C |
VFH | Vanguard Financials Index Fund ETF Shares | +8.32% | 0.09% | $13.8B |
| #206 | C |
KBE | State Street SPDR S&P Bank ETF | +18.21% | 0.35% | $1.47B |
| #215 | C |
FNCL | Fidelity MSCI Financials Index ETF | +8.35% | 0.084% | $2.24B |
| #219 | C |
IYF | iShares U.S. Financials ETF | +8.65% | 0.37% | $3.75B |
| #345 | C |
IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | +5.26% | 0.37% | $1.32B |