IAIvsFNCLETF Comparison
ETF 1
IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF
This fund is part of
US Financials
-0.67%
VS
iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) and Fidelity MSCI Financials Index ETF (FNCL) belong to the same industry segment: US Financials. Both ETFs have the same top 3 sector exposures: and Financials. IAI is more expensive with a Total Expense Ratio (TER) of 0.38%, versus 0.08% for FNCL. IAI is down -1.18% year-to-date (YTD) with -$62M in YTD flows. FNCL performs worse with -4.17% YTD performance, and -$108M in YTD flows. Run a side-by-side ETF comparison of IAI and FNCL 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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IAI vs FNCL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IAI FNCL | +7.76%+5.90% | -4.61%-1.79% | -1.18%-4.17% | +29.09%+13.28% | +98.07%+69.09% | +97.58%+60.22% |
| Flows | IAI FNCL | -$146M-$110M | -$175M-$135M | -$62M-$108M | +$69M-$91M | +$209M+$48M | +$511M-$14M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IAI FNCL | +25.62%+17.96% | +19.46%+15.21% | +20.16%+17.12% | +21.46%+19.40% |
| Max drawdown | IAI FNCL | -14.47%-11.77% | -16.50%-14.71% | -23.13%-17.30% | -28.75%-25.71% |
| Max drawdown duration | IAI FNCL | 88d74d | 99d107d | 120d129d | 850d770d |
Trading data
IAI | FNCL | |
Last sale 4/24/2026 at 1:30 PM | $176.55 | $73.58 |
| Previous close 04/23/2026 | $176.29 | $74.01 |
| 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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IAI | FNCL | |
|---|---|---|
| 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
IAI | FNCL | |
|---|---|---|
| Last price | $176.55 | $73.58 |
| 1D performance | +0.15% | -0.58% |
| AuM | $1.52 B | $2.20 B |
| E/R | 0.38% | 0.08% |
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Exposure
Countries
IAI
USA
99.98%
Other
0.02%
FNCL
USA
95.48%
Other
4.52%
Sectors
IAI
Financials
98.33%
Other
1.67%
FNCL
Financials
82.05%
Information Techn.
14.45%
Other
3.49%
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Diversification
IAI
Total weight of top 15 holdings out of 15
89.1%
FNCL
Total weight of top 15 holdings out of 15
56.08%
Top 15 holdings
Data as of March 31, 2026
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%
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%
Frequently asked questions about IAI and FNCL
How have the IAI and FNCL ETFs performed in 2026?
As of April 24, 2026, IAI is down -1.18% year-to-date (YTD), while FNCL has lost -4.17%. That puts IAI better performer ahead so far this year.
Which ETF is attracting more investor money: IAI or FNCL?
Year-to-date, the IAI ETF saw -$62M in flows, compared to -$108M for FNCL.
Which ETF is more volatile: IAI or FNCL?
Over the past year, IAI had a volatility of 19.46%, while FNCL experienced 15.21%.
Which ETF is bigger: IAI or FNCL?
As of April 24, 2026, IAI holds $1.52 B in assets under management (AUM), while FNCL manages $2.20 B.
What sectors do the IAI and FNCL ETFs invest in?
IAI leans toward sectors like Financials. Meanwhile, FNCL focuses on Financials and Information Technology.
What are the top holdings of the IAI ETF and FNCL ETF?
IAI top holdings include THE GOLDMAN SACHS GROUP, MORGAN STANLEY and CHARLES SCHWAB. FNCL holds in its top three: JPMORGAN CHASE, BERKSHIRE HATHWAY and VISA INCORPORATION.
Which ETF is more diversified: IAI or FNCL?
IAI holds 35 securities with 89.1% of its assets in the top 15. FNCL has 383 securities and a top 15 weight of 56.08%.
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Latest news about IAI & FNCL
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
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