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FNCLvsIAIETF Comparison

ETF 1

FNCL

Fidelity MSCI Financials Index ETF

This fund is part of

US Financials

-0.68%

Full FNCL fund page

VS

ETF 2

IAI

iShares U.S. Broker-Dealers & Securities Exchanges ETF

This fund is part of

US Financials

-0.68%

Full IAI fund page

Fidelity MSCI Financials Index ETF (FNCL) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) belong to the same industry segment: US Financials. FNCL's top 3 sector exposures are Financials, Information Technology and Real Estate. In contrast, IAI's top sector exposures are Financials, FNCL is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.38% for IAI. FNCL is down -4.17% year-to-date (YTD) with -$108M in YTD flows. IAI performs better with -1.18% YTD performance, and -$62M 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.

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FNCL vs IAI performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FNCL IAI	+5.90%+7.76%	-1.79%-4.61%	-4.17%-1.18%	+13.28%+29.09%	+69.09%+98.07%	+60.22%+97.58%
Flows	FNCL IAI	-$110M-$146M	-$135M-$175M	-$108M-$62M	-$91M+$69M	+$48M+$209M	-$14M+$511M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FNCL IAI	+17.96%+25.62%	+15.21%+19.46%	+17.12%+20.16%	+19.40%+21.46%
Max drawdown	FNCL IAI	-11.77%-14.47%	-14.71%-16.50%	-17.30%-23.13%	-25.71%-28.75%
Max drawdown duration	FNCL IAI	74d88d	107d99d	129d120d	770d850d

Trading data

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	FNCL	IAI
Last sale 4/27/2026 at 1:30 PM	$74.08	$177.64
Previous close 04/24/2026	$73.58	$176.55
Consolidated volume 04/24/2026
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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	FNCL	IAI
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	FNCL	IAI
Last price	$74.08	$177.64
1D performance	+0.68%	+0.62%
AuM	$2.20 B	$1.52 B
E/R	0.08%	0.38%

Characteristics

	FNCL	IAI
Management strategy	Passive	Passive
Provider	Fidelity	iShares
Benchmark	MSCI USA IMI Financials 25/50 Index	Dow Jones U.S. Select Investment Services Index
N° of holdings	345	31
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 21, 2013	May 1, 2006
ESG	No	No

More FNCL data on Trackinsight

More IAI data on Trackinsight

Exposure

Countries

FNCL

USA

95.48%

Other

4.52%

IAI

USA

99.98%

Other

0.02%

Sectors

FNCL

Financials

82.05%

Information Techn.

14.45%

Other

3.49%

IAI

Financials

98.33%

Other

1.67%

Diversification

FNCL

Total weight of top 15 holdings out of 15

56.08%

IAI

Total weight of top 15 holdings out of 15

89.1%

Top 15 holdings

Data as of March 31, 2026

FNCL

JPMORGAN CHASE

10.02%

BERKSHIRE HATHWAY

8.25%

VISA INCORPORATION

6.51%

MASTERCARD

5.35%

BK OF AMERICA CO

4.17%

WELLS FARGO

3.13%

THE GOLDMAN SACHS GROUP

3.12%

CITIGROUP

2.54%

MORGAN STANLEY

2.45%

AMERICAN EXPRESS

2.08%

CHARLES SCHWAB

2.01%

US09290D1019

1.80%

S&P GLOBAL INC

1.61%

CHUBB LTD

1.53%

PROGRESSIVE

1.50%

IAI

THE GOLDMAN SACHS GROUP

18.31%

MORGAN STANLEY

14.29%

CHARLES SCHWAB

11.32%

INTERCONTINENTAL EXCHANGE INC

4.52%

S&P GLOBAL INC

4.48%

MOODYS

4.42%

CME GROUP

4.40%

MSCI

4.12%

ROBINHOOD MARKETS

3.98%

COINBASE GLOBAL

3.97%

NASDAQ INC

3.97%

INTERACTIVE BROKERS GROUP

3.11%

CBOE GLOBAL MARKETS INC

3.06%

RAYMOND JAMES

2.64%

LPL FINANCIAL HOLDINGS

2.51%

Frequently asked questions about FNCL and IAI

How have the FNCL and IAI ETFs performed in 2026?

As of April 23, 2026, FNCL is down -4.17% year-to-date (YTD), while IAI has lost -1.18%. That puts IAI better performer ahead so far this year.

Which ETF is attracting more investor money: FNCL or IAI?

Year-to-date, the FNCL ETF saw -$108M in flows, compared to -$62M for IAI.

Which ETF is more volatile: FNCL or IAI?

Over the past year, FNCL had a volatility of 15.21%, while IAI experienced 19.46%.

Which ETF is bigger: FNCL or IAI?

As of April 23, 2026, FNCL holds $2.20 B in assets under management (AUM), while IAI manages $1.52 B.

What sectors do the FNCL and IAI ETFs invest in?

FNCL leans toward sectors like Financials and Information Technology. Meanwhile, IAI focuses on Financials.

What are the top holdings of the FNCL ETF and IAI ETF?

FNCL top holdings include JPMORGAN CHASE, BERKSHIRE HATHWAY and VISA INCORPORATION. IAI holds in its top three: THE GOLDMAN SACHS GROUP, MORGAN STANLEY and CHARLES SCHWAB.

FNCLvsIAIETF Comparison

Fidelity MSCI Financials Index ETF

iShares U.S. Broker-Dealers & Securities Exchanges ETF

FNCL vs IAI performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FNCL and IAI ETFs performed in 2026?

As of April 23, 2026, FNCL is down -4.17% year-to-date (YTD), while IAI has lost -1.18%. That puts IAI better performer ahead so far this year.

Which ETF is attracting more investor money: FNCL or IAI?

Year-to-date, the FNCL ETF saw -$108M in flows, compared to -$62M for IAI.

Which ETF is more volatile: FNCL or IAI?

Over the past year, FNCL had a volatility of 15.21%, while IAI experienced 19.46%.

Which ETF is bigger: FNCL or IAI?

As of April 23, 2026, FNCL holds $2.20 B in assets under management (AUM), while IAI manages $1.52 B.

What sectors do the FNCL and IAI ETFs invest in?

FNCL leans toward sectors like Financials and Information Technology. Meanwhile, IAI focuses on Financials.

What are the top holdings of the FNCL ETF and IAI ETF?

FNCL top holdings include JPMORGAN CHASE, BERKSHIRE HATHWAY and VISA INCORPORATION. IAI holds in its top three: THE GOLDMAN SACHS GROUP, MORGAN STANLEY and CHARLES SCHWAB.

Which ETF is more diversified: FNCL or IAI?

FNCL holds 383 securities with 56.08% of its assets in the top 15. IAI has 35 securities and a top 15 weight of 89.1%.

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