FXOvsIATETF Comparison
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First Trust Financials AlphaDEX Fund ETF (FXO) and iShares U.S. Regional Banks ETF (IAT) belong to the same industry segment: US Financials. FXO's top 2 sector exposures are Finance and Technology. In contrast, IAT's top sector exposures are Finance and Non-Corporate. FXO is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.37% for IAT. FXO is up 9.27% year-to-date (YTD) with -$1.13B in YTD flows. IAT performs better with 10.05% YTD performance, and +$9M in YTD flows. Run a side-by-side ETF comparison of FXO and IAT 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 IAT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FXO IAT | +3.65%+1.59% | +1.29%-6.19% | +9.27%+10.05% | +16.62%+23.97% | +93.36%+111.20% | +51.45%+5.82% |
| Flows | FXO IAT | -$19M+$9M | -$41M+$3M | -$1.13B+$9M | -$1.24B-$33M | -$197M-$281M | -$421M-$504M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FXO IAT | +13.14%+17.00% | +14.40%+20.44% | +18.44%+25.39% | +21.80%+28.54% |
| Max drawdown | FXO IAT | -9.07%-13.57% | -11.66%-17.47% | -21.21%-29.31% | -29.07%-55.51% |
| Max drawdown duration | FXO IAT | 49d67d | 134d136d | 260d379d | 798d1478d |
Trading data
FXO | IAT | |
Last sale 10/23/2026 at 1:30 PM | $64.05 | $59.67 |
| Previous close 10/22/2026 | $64.78 | $59.60 |
| Consolidated volume 10/22/2026 | ||
| 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
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FXO | IAT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
FXO | IAT | |
|---|---|---|
| Last price | $64.05 | $59.67 |
| 1D performance | -1.13% | +0.12% |
| AuM | $1.07 B | $637.65 M |
| E/R | 0.6% | 0.37% |
Characteristics
FXO | IAT | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | iShares |
| Benchmark | StrataQuant Financials Index | Dow Jones U.S. Select Regional Banks Index |
| N° of holdings | 104 | 31 |
| 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
87.49%
Bermuda
7.9%
Other
4.61%
IAT
USA
98.05%
Other
1.95%
Sectors
FXO
Finance
95.6%
Other
4.4%
IAT
Finance
99.85%
Other
0.15%
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Diversification
FXO
Total weight of top 15 holdings out of 15
26.34%
IAT
Total weight of top 15 holdings out of 15
81.76%
Top 15 holdings
Data as of August 31, 2026
FXO
MarketAxess Holdings, Inc.
2.28%
FactSet Research Systems, Inc.
2.11%
Lincoln National Corp.
1.92%
The Travelers Cos., Inc.
1.75%
MGIC Investment Corp.
1.73%
The Allstate Corp.
1.72%
First American Financial Corp.
1.70%
Everest Group Ltd.
1.68%
Central Bancompany, Inc.
1.65%
RenaissanceRe Holdings Ltd.
1.65%
Interactive Brokers Group, Inc.
1.65%
The Hartford Insurance Group, Inc.
1.64%
Morningstar, Inc.
1.63%
American International Group, Inc.
1.62%
Arch Capital Group Ltd.
1.61%
IAT
The PNC Financial Services Group, Inc.
15.08%
U.S. Bancorp
14.98%
Truist Financial Corp.
9.68%
Fifth Third Bancorp
6.32%
Citizens Financial Group, Inc. (Rhode Island)
4.70%
M&T Bank Corp.
4.64%
Huntington Bancshares, Inc.
4.40%
Regions Financial Corp.
4.29%
First Citizens BancShares, Inc. (North Carolina)
3.39%
KeyCorp
3.35%
East West Bancorp, Inc.
2.92%
Pinnacle Financial Partners, Inc.
2.53%
First Horizon Corp. (Tennessee)
1.94%
Popular, Inc.
1.83%
SouthState Bank Corp.
1.72%
Frequently asked questions about FXO and IAT
How have the FXO and IAT ETFs performed in 2026?
As of October 22, 2026, FXO is up 9.27% year-to-date (YTD), while IAT has returned 10.05%. That puts IAT better performer ahead so far this year.
Which ETF is attracting more investor money: FXO or IAT?
Year-to-date, the FXO ETF saw -$1.13B in flows, compared to +$9M for IAT.
Which ETF is more volatile: FXO or IAT?
Over the past year, FXO had a volatility of 14.4%, while IAT experienced 20.44%.
Which ETF is bigger: FXO or IAT?
As of October 22, 2026, FXO holds $1.07 B in assets under management (AUM), while IAT manages $637.65 M.
What sectors do the FXO and IAT ETFs invest in?
FXO leans toward sectors like Finance. Meanwhile, IAT focuses on Finance.
What are the top holdings of the FXO ETF and IAT ETF?
FXO top holdings include MarketAxess Holdings, Inc., FactSet Research Systems, Inc. and Lincoln National Corp.. IAT holds in its top three: The PNC Financial Services Group, Inc., U.S. Bancorp and Truist Financial Corp..
Which ETF is more diversified: FXO or IAT?
FXO holds 104 securities with 26.34% of its assets in the top 15. IAT has 31 securities and a top 15 weight of 81.76%.
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Latest news about FXO & IAT
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March 25, 2024
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Regional Bank Stocks Fall After Downbeat Interest Income Forecasts
November 28, 2023
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Regional Bank Stocks Fall After Downbeat Interest Income Forecasts
November 28, 2023
IAT
Regional Banks Under Pressure
August 21, 2023
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Regional Bank ETFs Slide Again as Moody's Downgrades Credit Ratings
August 9, 2023
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