FNCLvsIAIETF Comparison
VS
ETF 2
IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF
This fund is part of
US Financials
+0.28%
Fidelity MSCI Financials Index ETF (FNCL) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) belong to the same industry segment: US Financials. Both ETFs have the same top 3 sector exposures: Finance, Technology and Business Services. FNCL is less expensive with a Total Expense Ratio (TER) of 0.084%, versus 0.37% for IAI. FNCL is up 3.46% year-to-date (YTD) with -$168M in YTD flows. IAI performs worse with 0.61% YTD performance, and -$307M in YTD flows. Run a side-by-side ETF comparison of FNCL and IAI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
FNCL vs IAI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FNCL IAI | +3.15%+0.20% | -2.95%-5.13% | +3.46%+0.61% | +7.47%+2.22% | +86.37%+113.85% | +50.70%+69.99% |
| Flows | FNCL IAI | -$58M-$44M | -$26M+$3M | -$168M-$307M | -$197M-$325M | +$62M+$259M | -$190M-$162M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FNCL IAI | +12.89%+18.67% | +14.72%+20.81% | +16.76%+20.46% | +19.01%+21.57% |
| Max drawdown | FNCL IAI | -8.79%-12.10% | -14.71%-16.50% | -17.30%-23.13% | -25.71%-28.75% |
| Max drawdown duration | FNCL IAI | 55d55d | 177d168d | 129d120d | 770d850d |
Trading data
FNCL | IAI | |
Last sale 10/29/2026 at 1:30 PM | $80.49 | $180.30 |
| Previous close 10/28/2026 | $79.35 | $178.80 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
FNCL | IAI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/29/2026 at 1:30 PM
Live
Closed
FNCL | IAI | |
|---|---|---|
| Last price | $80.49 | $180.30 |
| 1D performance | +1.44% | +0.84% |
| AuM | $2.30 B | $1.30 B |
| E/R | 0.084% | 0.37% |
Advertisement
Exposure
Countries
FNCL
USA
96.39%
Other
3.61%
IAI
USA
99.98%
Other
0.02%
Sectors
FNCL
Finance
95.65%
Other
4.35%
IAI
Finance
85.76%
Technology
9.53%
Other
4.71%
Advertisement
Diversification
FNCL
Total weight of top 15 holdings out of 15
58.9%
IAI
Total weight of top 15 holdings out of 15
89.8%
Top 15 holdings
Data as of August 31, 2026
FNCL
JPMorgan Chase & Co.
10.87%
Berkshire Hathaway, Inc.
8.15%
Visa, Inc.
7.25%
Mastercard, Inc.
5.53%
Bank of America Corp.
4.63%
The Goldman Sachs Group, Inc.
3.48%
Wells Fargo & Co.
3.00%
Morgan Stanley
2.90%
Citigroup, Inc.
2.59%
The Charles Schwab Corp.
2.08%
American Express Co.
2.01%
BlackRock, Inc.
1.97%
S&P Global, Inc.
1.53%
The Progressive Corp.
1.46%
Capital One Financial Corp.
1.45%
IAI
The Goldman Sachs Group, Inc.
18.78%
Morgan Stanley
15.95%
The Charles Schwab Corp.
9.27%
Robinhood Markets, Inc.
5.02%
Intercontinental Exchange, Inc.
4.74%
Moody's Corp.
4.64%
CME Group, Inc.
4.48%
S&P Global, Inc.
4.23%
Nasdaq, Inc.
3.81%
Interactive Brokers Group, Inc.
3.74%
Coinbase Global, Inc.
3.61%
MSCI, Inc.
3.59%
Cboe Global Markets, Inc.
2.71%
Raymond James Financial, Inc.
2.67%
LPL Financial Holdings, Inc.
2.56%
Frequently asked questions about FNCL and IAI
How have the FNCL and IAI ETFs performed in 2026?
As of October 28, 2026, FNCL is up 3.46% year-to-date (YTD), while IAI has returned 0.61%. That puts FNCL better performer ahead so far this year.
Which ETF is attracting more investor money: FNCL or IAI?
Year-to-date, the FNCL ETF saw -$168M in flows, compared to -$307M for IAI.
Which ETF is more volatile: FNCL or IAI?
Over the past year, FNCL had a volatility of 14.72%, while IAI experienced 20.81%.
Which ETF is bigger: FNCL or IAI?
As of October 28, 2026, FNCL holds $2.30 B in assets under management (AUM), while IAI manages $1.30 B.
What sectors do the FNCL and IAI ETFs invest in?
FNCL leans toward sectors like Finance. Meanwhile, IAI focuses on Finance and Technology.
What are the top holdings of the FNCL ETF and IAI ETF?
FNCL top holdings include JPMorgan Chase & Co., Berkshire Hathaway, Inc. and Visa, Inc.. IAI holds in its top three: The Goldman Sachs Group, Inc., Morgan Stanley and The Charles Schwab Corp..
Which ETF is more diversified: FNCL or IAI?
FNCL holds 307 securities with 58.9% of its assets in the top 15. IAI has 36 securities and a top 15 weight of 89.8%.
Advertisement
Latest news about FNCL & IAI
These Industry ETFs Could Be Vulnerable to AI Disruption
March 6, 2026
IAI
The US labor market continues to hold up
December 13, 2022
IAI
Advertisement
Advertisement
