IAIvsTFNSETF Comparison
ETF 1
IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF
This fund is part of
US Financials
+0.96%
VS
iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) and T. Rowe Price Financials ETF (TFNS) belong to the same industry segment: US Financials. Both ETFs have the same top 3 sector exposures: and Financials. IAI is less expensive with a Total Expense Ratio (TER) of 0.38%, versus 0.44% for TFNS. IAI is up 0.87% year-to-date (YTD) with -$214M in YTD flows. TFNS performs worse with -3.36% YTD performance, and +$1M in YTD flows. Run a side-by-side ETF comparison of IAI and TFNS 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 TFNS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IAI TFNS | +1.28%+1.11% | +7.32%+4.56% | +0.87%-3.36% | +16.65%+9.02% | +105.68%n/a | +92.33%n/a |
| Flows | IAI TFNS | -$125M- | -$322M+$1M | -$214M+$1M | -$32M+$12M | +$196M- | +$28M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IAI TFNS | +19.44%+14.80% | +19.54%+14.96% | +20.06%n/a | +21.50%n/a |
| Max drawdown | IAI TFNS | -5.74%-4.21% | -16.50%-13.97% | -23.13%n/a | -28.75%n/a |
| Max drawdown duration | IAI TFNS | 29d29d | 145d153d | 120dn/a | 850dn/a |
Trading data
IAI | TFNS | |
Last sale 6/10/2026 at 1:30 PM | $178.83 | $26.71 |
| Previous close 06/09/2026 | $180.17 | $26.81 |
| Consolidated volume 06/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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TFNS
is actively managed and doesn’t replicate an indexIAI | TFNS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/10/2026 at 1:30 PM
Live
Closed
IAI | TFNS | |
|---|---|---|
| Last price | $178.83 | $26.71 |
| 1D performance | -0.74% | -0.37% |
| AuM | $1.40 B | $13.27 M |
| E/R | 0.38% | 0.44% |
Characteristics
IAI | TFNS | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | T. Rowe Price |
| Benchmark | Dow Jones U.S. Select Investment Services Index | - |
| N° of holdings | 31 | 65 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 1, 2006 | June 11, 2025 |
| ESG | No | No |
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Exposure
Countries
IAI
USA
99.95%
Other
0.05%
TFNS
USA
89.11%
Other
10.89%
Sectors
IAI
Financials
98.23%
Other
1.77%
TFNS
Financials
79.45%
Information Techn.
14.89%
Other
5.66%
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Diversification
IAI
Total weight of top 15 holdings out of 15
88.96%
TFNS
Total weight of top 15 holdings out of 15
62.05%
Top 15 holdings
Data as of April 30, 2026
IAI
THE GOLDMAN SACHS GROUP
18.61%
MORGAN STANLEY
15.41%
CHARLES SCHWAB
10.28%
MOODYS
4.36%
INTERCONTINENTAL EXCHANGE INC
4.23%
S&P GLOBAL INC
4.23%
MSCI
4.21%
NASDAQ INC
4.00%
CME GROUP
3.99%
COINBASE GLOBAL
3.98%
ROBINHOOD MARKETS
3.90%
INTERACTIVE BROKERS GROUP
3.43%
CBOE GLOBAL MARKETS INC
3.04%
RAYMOND JAMES
2.70%
LPL FINANCIAL HOLDINGS
2.59%
TFNS
BERKSHIRE HATHWAY
9.79%
VISA INCORPORATION
6.53%
MASTERCARD
5.88%
BK OF AMERICA CO
5.04%
JPMORGAN CHASE
4.97%
THE GOLDMAN SACHS GROUP
4.06%
CITIGROUP
3.80%
WELLS FARGO
3.72%
CHARLES SCHWAB
3.53%
MORGAN STANLEY
3.21%
CAPITAL ONE FINANCIAL
2.97%
CHUBB LTD
2.63%
MARSH AND MCLENNAN
2.09%
US
2.08%
US09290D1019
1.75%
Frequently asked questions about IAI and TFNS
How have the IAI and TFNS ETFs performed in 2026?
As of June 9, 2026, IAI is up 0.87% year-to-date (YTD), while TFNS has lost -3.36%. That puts IAI better performer ahead so far this year.
Which ETF is attracting more investor money: IAI or TFNS?
Year-to-date, the IAI ETF saw -$214M in flows, compared to +$1M for TFNS.
Which ETF is more volatile: IAI or TFNS?
Over the past year, IAI had a volatility of 19.54%, while TFNS experienced 14.96%.
Which ETF is bigger: IAI or TFNS?
As of June 9, 2026, IAI holds $1.40 B in assets under management (AUM), while TFNS manages $13.27 M.
What sectors do the IAI and TFNS ETFs invest in?
IAI leans toward sectors like Financials. Meanwhile, TFNS focuses on Financials and Information Technology.
What are the top holdings of the IAI ETF and TFNS ETF?
IAI top holdings include THE GOLDMAN SACHS GROUP, MORGAN STANLEY and CHARLES SCHWAB. TFNS holds in its top three: BERKSHIRE HATHWAY, VISA INCORPORATION and MASTERCARD.
Which ETF is more diversified: IAI or TFNS?
IAI holds 35 securities with 88.96% of its assets in the top 15. TFNS has 66 securities and a top 15 weight of 62.05%.
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Latest news about IAI & TFNS
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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