IATvsFXOETF Comparison
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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 up 8.31% year-to-date (YTD) with -$6M in YTD flows. FXO performs worse with -0.86% YTD performance, and -$1.09B 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
Historic performance and flows
Data as of 06/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IAT FXO | +5.23%+0.05% | +10.45%+4.20% | +8.31%-0.86% | +27.73%+12.00% | +87.78%+66.79% | +14.93%+46.41% |
| Flows | IAT FXO | -$14M-$41M | -$21M-$141M | -$6M-$1.09B | -$138M-$1.26B | -$510M-$330M | -$62M-$389M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IAT FXO | +20.80%+15.04% | +21.86%+15.64% | +26.28%+19.10% | +29.02%+22.32% |
| Max drawdown | IAT FXO | -6.35%-4.31% | -17.47%-11.66% | -29.31%-21.21% | -55.51%-29.07% |
| Max drawdown duration | IAT FXO | 49d24d | 121d120d | 379d260d | 1478d798d |
Trading data
IAT | FXO | |
Last sale 6/10/2026 at 1:30 PM | $59.55 | $60.14 |
| Previous close 06/09/2026 | $59.41 | $60.04 |
| 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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IAT | FXO | |
|---|---|---|
| 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
IAT | FXO | |
|---|---|---|
| Last price | $59.55 | $60.14 |
| 1D performance | +0.24% | +0.17% |
| AuM | $621.05 M | $1.02 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 | 30 | 102 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 1, 2006 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
IAT
USA
98.19%
Other
1.81%
FXO
USA
85.99%
Bermuda
9.45%
Other
4.56%
Sectors
IAT
Financials
95.54%
Other
4.46%
FXO
Financials
96.05%
Other
3.95%
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Diversification
IAT
Total weight of top 15 holdings out of 15
80.57%
FXO
Total weight of top 15 holdings out of 15
23.94%
Top 15 holdings
Data as of April 30, 2026
IAT
PNC FINL SVC
14.34%
US
14.02%
TRUIST FINANCIAL CORP
10.35%
FIFTH THIRD BANCORP
6.11%
CITIZENS FINANCIAL GROUP
4.53%
M&T BANK
4.38%
HUNTINGTON BANCSHARES
4.37%
REGIONS FINANCL
4.25%
KEYCORP
3.56%
FIRST CITIZENS BANCSHARES
3.31%
EAST WEST BANCORP
2.99%
US72348N1090
2.56%
FIRST HORIZON CORP
2.08%
WEBSTER FINANCIAL CORPORATION
2.00%
WINTRUST FINCL
1.73%
FXO
FIRST AMERICAN FINANCIAL
1.73%
SEI INVESTMENTS
1.72%
T ROWE PRICE
1.65%
AGNC INVESTMENT CORP
1.63%
MGIC INVESTMENT
1.63%
US0357108390
1.60%
EVEREST REINSURANCE GROUP
1.57%
FACTSET RESEARCH SYSTEMS
1.56%
AFFILIATED MANAGERS GROUP
1.56%
BANK OZK
1.56%
CINCINNATI FINANCIAL
1.55%
RENAISSANCERE
1.55%
ALLSTATE
1.54%
HANOVER INSURANCE GROUP
1.54%
NEW RESIDENTIAL INVT CORP
1.54%
Frequently asked questions about IAT and FXO
How have the IAT and FXO ETFs performed in 2026?
As of June 9, 2026, IAT is up 8.31% year-to-date (YTD), while FXO has lost -0.86%. 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 -$6M in flows, compared to -$1.09B for FXO.
Which ETF is more volatile: IAT or FXO?
Over the past year, IAT had a volatility of 21.86%, while FXO experienced 15.64%.
Which ETF is bigger: IAT or FXO?
As of June 9, 2026, IAT holds $621.05 M in assets under management (AUM), while FXO manages $1.02 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: FIRST AMERICAN FINANCIAL, SEI INVESTMENTS and T ROWE PRICE.
Which ETF is more diversified: IAT or FXO?
IAT holds 32 securities with 80.57% of its assets in the top 15. FXO has 102 securities and a top 15 weight of 23.94%.
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Latest news about IAT & FXO
Financials Gain Momentum
March 25, 2024
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March 11, 2024
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Regional Bank Crisis: The NYCB Effect and Market Fallout
February 5, 2024
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The Top Three Moments That Moved ETF Markets in 2023
January 3, 2024
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Regional Bank Stocks Fall After Downbeat Interest Income Forecasts
November 28, 2023
IAT
Regional Bank Stocks Fall After Downbeat Interest Income Forecasts
November 28, 2023
IAT
Regional Banks Under Pressure
August 21, 2023
IAT
Regional Bank ETFs Slide Again as Moody's Downgrades Credit Ratings
August 9, 2023
IAT
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