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IATvsFXOETF Comparison

ETF 1

IAT

iShares U.S. Regional Banks ETF

This fund is part of

US Financials

-0.42%

Full IAT fund page

ETF 2

FXO

First Trust Financials AlphaDEX Fund ETF

This fund is part of

US Financials

-0.42%

Full FXO fund page

iShares U.S. Regional Banks ETF (IAT) and First Trust Financials AlphaDEX Fund ETF (FXO) belong to the same industry segment: US Financials. Both ETFs have the same top 3 sector exposures: and Financials. IAT is less expensive with a Total Expense Ratio (TER) of 0.38%, versus 0.6% for FXO. IAT is down -2.17% year-to-date (YTD) with +$7M in YTD flows. FXO performs worse with -5.21% YTD performance, and -$954M in YTD flows. Run a side-by-side ETF comparison of IAT and FXO 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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IAT vs FXO performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 03/10/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	IAT FXO	-13.18%-7.02%	-2.60%-5.65%	-2.17%-5.21%	+21.95%+13.49%	+45.70%+59.22%	+8.69%+52.47%
Flows	IAT FXO	+$9M-$926M	+$15M-$960M	+$7M-$954M	-$247M-$1.22B	-$163M-$1.15B	+$108M+$159M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	IAT FXO	+23.60%+15.59%	+27.35%+21.33%	+29.71%+21.03%	+29.14%+22.46%
Max drawdown	IAT FXO	-14.11%-8.03%	-16.69%-15.19%	-29.31%-21.21%	-55.51%-29.07%
Max drawdown duration	IAT FXO	30d30d	46d45d	379d260d	1478d798d

Trading data

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	IAT	FXO
Last sale 3/11/2026 at 1:30 PM	$53.33	$56.63
Previous close 03/10/2026	$53.96	$57.19
Consolidated volume 03/10/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of February 27, 2026

1-year trailing difference

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	IAT	FXO
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 3/11/2026 at 1:30 PM

Live

Closed

	IAT	FXO
Last price	$53.33	$56.63
1D performance	-1.17%	-0.98%
AuM	$577.19 M	$1.12 B
E/R	0.38%	0.6%

Characteristics

	IAT	FXO
Management strategy	Passive	Passive
Provider	iShares	First Trust
Benchmark	Dow Jones U.S. Select Regional Banks Index	StrataQuant Financials Index
N° of holdings	31	101
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	May 1, 2006	May 8, 2007
ESG	No	No

More IAT data on Trackinsight

More FXO data on Trackinsight

Exposure

Countries

IAT

USA

98.43%

Other

1.57%

FXO

USA

84.72%

Bermuda

8.5%

Other

6.78%

Sectors

IAT

Financials

95.74%

Other

4.26%

FXO

Financials

95.92%

Other

4.08%

Diversification

IAT

Total weight of top 15 holdings out of 15

79.74%

FXO

Total weight of top 15 holdings out of 15

25.11%

Top 15 holdings

Data as of January 31, 2026

IAT

PNC FINL SVC

14.33%

14.26%

TRUIST FINANCIAL CORP

10.69%

M&T BANK

5.54%

CITIZENS FINANCIAL GROUP

4.54%

FIFTH THIRD BANCORP

4.50%

HUNTINGTON BANCSHARES

4.23%

REGIONS FINANCL

4.16%

FIRST CITIZENS BANCSHARES

3.41%

KEYCORP

3.35%

EAST WEST BANCORP

2.62%

US72348N1090

2.37%

FIRST HORIZON CORP

2.00%

COMERICA

1.98%

WEBSTER FINANCIAL CORPORATION

1.76%

FXO

SEI INVESTMENTS

1.77%

NU HOLDINGS

1.75%

INVESCO

1.72%

BANK OZK

1.71%

T ROWE PRICE

1.71%

BANK OF NEW YORK MELLON

1.71%

FIRST AMERICAN FINANCIAL

1.70%

NEW RESIDENTIAL INVT CORP

1.66%

RENAISSANCERE

1.66%

ARCH CAPITAL GROUP

1.66%

CITIGROUP

1.64%

BRIGHTHOUSE FINANCIAL

1.64%

KEMPER

1.61%

AXIS CAPITAL HOLDINGS

1.59%

ALLSTATE

1.58%

Frequently asked questions about IAT and FXO

How have the IAT and FXO ETFs performed in 2026?

As of March 10, 2026, IAT is down -2.17% year-to-date (YTD), while FXO has lost -5.21%. That puts IAT better performer ahead so far this year.

Which ETF is attracting more investor money: IAT or FXO?

Year-to-date, the IAT ETF saw +$7M in flows, compared to -$954M for FXO.

Which ETF is more volatile: IAT or FXO?

Over the past year, IAT had a volatility of 27.35%, while FXO experienced 21.33%.

Which ETF is bigger: IAT or FXO?

As of March 10, 2026, IAT holds $577.19 M in assets under management (AUM), while FXO manages $1.12 B.

What sectors do the IAT and FXO ETFs invest in?

IAT leans toward sectors like Financials. Meanwhile, FXO focuses on Financials.

What are the top holdings of the IAT ETF and FXO ETF?

IAT top holdings include PNC FINL SVC, US and TRUIST FINANCIAL CORP. FXO holds in its top three: SEI INVESTMENTS, NU HOLDINGS and INVESCO.

Which ETF is more diversified: IAT or FXO?

IAT holds 33 securities with 79.74% of its assets in the top 15. FXO has 103 securities and a top 15 weight of 25.11%.

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IATvsFXOETF Comparison

iShares U.S. Regional Banks ETF

First Trust Financials AlphaDEX Fund ETF

IAT vs FXO 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 IAT and FXO ETFs performed in 2026?

As of March 10, 2026, IAT is down -2.17% year-to-date (YTD), while FXO has lost -5.21%. That puts IAT better performer ahead so far this year.

Which ETF is attracting more investor money: IAT or FXO?

Year-to-date, the IAT ETF saw +$7M in flows, compared to -$954M for FXO.

Which ETF is more volatile: IAT or FXO?

Over the past year, IAT had a volatility of 27.35%, while FXO experienced 21.33%.

Which ETF is bigger: IAT or FXO?

As of March 10, 2026, IAT holds $577.19 M in assets under management (AUM), while FXO manages $1.12 B.

What sectors do the IAT and FXO ETFs invest in?

IAT leans toward sectors like Financials. Meanwhile, FXO focuses on Financials.

What are the top holdings of the IAT ETF and FXO ETF?

IAT top holdings include PNC FINL SVC, US and TRUIST FINANCIAL CORP. FXO holds in its top three: SEI INVESTMENTS, NU HOLDINGS and INVESCO.

Which ETF is more diversified: IAT or FXO?

IAT holds 33 securities with 79.74% of its assets in the top 15. FXO has 103 securities and a top 15 weight of 25.11%.

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