FXOvsIATETF Comparison
VS
First Trust Financials AlphaDEX Fund ETF (FXO) and iShares U.S. Regional Banks ETF (IAT) belong to the same industry segment: US Financials. Both ETFs have the same top 3 sector exposures: and Financials. FXO is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.38% for IAT. FXO is up 0.3% year-to-date (YTD) with -$1.03B in YTD flows. IAT performs better with 4.84% YTD performance, and +$5M 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 04/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FXO IAT | +7.82%+8.10% | +0.13%+0.91% | +0.30%+4.84% | +22.98%+35.30% | +70.02%+84.01% | +55.58%+14.57% |
| Flows | FXO IAT | -$40M-$2M | -$1.00B+$8M | -$1.03B+$5M | -$1.22B-$158M | -$376M-$380M | -$172M-$1M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FXO IAT | +16.94%+24.38% | +16.18%+22.20% | +20.11%+27.54% | +22.40%+28.97% |
| Max drawdown | FXO IAT | -11.66%-17.47% | -11.66%-17.47% | -21.21%-29.31% | -29.07%-55.51% |
| Max drawdown duration | FXO IAT | 74d75d | 74d75d | 260d379d | 798d1478d |
Trading data
FXO | IAT | |
Last sale 4/24/2026 at 1:30 PM | $59.48 | $57.48 |
| Previous close 04/23/2026 | $60.00 | $58.68 |
| Consolidated volume 04/23/2026 | ||
| 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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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 4/24/2026 at 1:30 PM
Live
Closed
FXO | IAT | |
|---|---|---|
| Last price | $59.48 | $57.48 |
| 1D performance | -0.87% | -2.04% |
| AuM | $1.09 B | $612.63 M |
| E/R | 0.6% | 0.38% |
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 | 101 | 30 |
| 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
84.11%
Bermuda
8.89%
Other
7%
IAT
USA
98.17%
Other
1.83%
Sectors
FXO
Financials
95.88%
Other
4.12%
IAT
Financials
95.61%
Other
4.39%
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Diversification
FXO
Total weight of top 15 holdings out of 15
25.78%
IAT
Total weight of top 15 holdings out of 15
80.39%
Top 15 holdings
Data as of March 31, 2026
FXO
RENAISSANCERE
1.88%
BANK OF NEW YORK MELLON
1.86%
VIRTU FINANCIL/D
1.81%
BANK OZK
1.79%
ARCH CAPITAL GROUP
1.78%
CITIGROUP
1.76%
ALLSTATE
1.75%
FIRST AMERICAN FINANCIAL
1.72%
SEI INVESTMENTS
1.70%
AXIS CAPITAL HOLDINGS
1.66%
INVESCO
1.65%
BRIGHTHOUSE FINANCIAL
1.64%
MGIC INVESTMENT
1.60%
ASSURED GUARANTY
1.60%
AMERICAN INTERNATIONAL GROUP
1.58%
IAT
PNC FINL SVC
14.55%
US
14.00%
TRUIST FINANCIAL CORP
10.05%
FIFTH THIRD BANCORP
6.08%
CITIZENS FINANCIAL GROUP
4.54%
M&T BANK
4.51%
HUNTINGTON BANCSHARES
4.43%
REGIONS FINANCL
4.23%
KEYCORP
3.51%
FIRST CITIZENS BANCSHARES
3.42%
EAST WEST BANCORP
2.74%
US72348N1090
2.42%
WEBSTER FINANCIAL CORPORATION
2.09%
FIRST HORIZON CORP
2.06%
WINTRUST FINCL
1.74%
Frequently asked questions about FXO and IAT
How have the FXO and IAT ETFs performed in 2026?
As of April 23, 2026, FXO is up 0.3% year-to-date (YTD), while IAT has returned 4.84%. 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 -$1.03B in flows, compared to +$5M for IAT.
Which ETF is more volatile: FXO or IAT?
Over the past year, FXO had a volatility of 16.18%, while IAT experienced 22.2%.
Which ETF is bigger: FXO or IAT?
As of April 23, 2026, FXO holds $1.09 B in assets under management (AUM), while IAT manages $612.63 M.
What sectors do the FXO and IAT ETFs invest in?
FXO leans toward sectors like Financials. Meanwhile, IAT focuses on Financials.
What are the top holdings of the FXO ETF and IAT ETF?
FXO top holdings include RENAISSANCERE, BANK OF NEW YORK MELLON and VIRTU FINANCIL/D. IAT holds in its top three: PNC FINL SVC, US and TRUIST FINANCIAL CORP.
Which ETF is more diversified: FXO or IAT?
FXO holds 103 securities with 25.78% of its assets in the top 15. IAT has 32 securities and a top 15 weight of 80.39%.
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Latest news about FXO & IAT
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March 25, 2024
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January 3, 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
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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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