KBWBvsIAIETF Comparison
VS
ETF 2
IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF
This fund is part of
US Financials
-0.25%
Invesco KBW Bank ETF (KBWB) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) belong to the same industry segment: US Financials. Both ETFs have the same top 3 sector exposures: and Financials. KBWB is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.38% for IAI. KBWB is up 2.74% year-to-date (YTD) with -$586M in YTD flows. IAI performs worse with -2.24% YTD performance, and -$71M in YTD flows. Run a side-by-side ETF comparison of KBWB and IAI 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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KBWB vs IAI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KBWB IAI | +12.65%+9.32% | +0.38%-5.12% | +2.74%-2.24% | +44.88%+25.81% | +128.91%+100.11% | +48.22%+92.68% |
| Flows | KBWB IAI | +$154M-$138M | -$649M-$267M | -$586M-$71M | +$355M+$60M | +$2.24B+$214M | +$2.02B+$502M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KBWB IAI | +25.11%+25.81% | +20.55%+19.51% | +24.36%+20.13% | +26.53%+21.47% |
| Max drawdown | KBWB IAI | -16.41%-14.07% | -16.41%-16.50% | -25.42%-23.13% | -49.65%-28.75% |
| Max drawdown duration | KBWB IAI | 79d86d | 79d104d | 141d120d | 1043d850d |
Trading data
KBWB | IAI | |
Last sale 4/30/2026 at 4:50 PM | $87.19 | $176.42 |
| Previous close 04/29/2026 | $86.03 | $174.63 |
| Consolidated volume 04/29/2026 | ||
| 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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KBWB | IAI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/30/2026 at 4:50 PM
Live
Closed
KBWB | IAI | |
|---|---|---|
| Last price | $87.19 | $176.42 |
| 1D performance | +1.35% | +1.03% |
| AuM | $5.42 B | $1.49 B |
| E/R | 0.35% | 0.38% |
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Exposure
Countries
KBWB
USA
100%
Other
-0%
IAI
USA
99.98%
Other
0.02%
Sectors
KBWB
Financials
98.29%
Other
1.71%
IAI
Financials
98.33%
Other
1.67%
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Diversification
KBWB
Total weight of top 15 holdings out of 15
80.08%
IAI
Total weight of top 15 holdings out of 15
89.1%
Top 15 holdings
Data as of March 31, 2026
KBWB
MORGAN STANLEY
8.13%
WELLS FARGO
8.10%
BK OF AMERICA CO
8.06%
JPMORGAN CHASE
8.05%
THE GOLDMAN SACHS GROUP
7.99%
CITIGROUP
4.17%
BANK OF NEW YORK MELLON
4.12%
PNC FINL SVC
4.07%
STATE STREET
4.07%
US
3.98%
M&T BANK
3.96%
TRUIST FINANCIAL CORP
3.86%
FIFTH THIRD BANCORP
3.85%
CAPITAL ONE FINANCIAL
3.85%
HUNTINGTON BANCSHARES
3.84%
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%
Frequently asked questions about KBWB and IAI
How have the KBWB and IAI ETFs performed in 2026?
As of April 29, 2026, KBWB is up 2.74% year-to-date (YTD), while IAI has lost -2.24%. That puts KBWB better performer ahead so far this year.
Which ETF is attracting more investor money: KBWB or IAI?
Year-to-date, the KBWB ETF saw -$586M in flows, compared to -$71M for IAI.
Which ETF is more volatile: KBWB or IAI?
Over the past year, KBWB had a volatility of 20.55%, while IAI experienced 19.51%.
Which ETF is bigger: KBWB or IAI?
As of April 29, 2026, KBWB holds $5.42 B in assets under management (AUM), while IAI manages $1.49 B.
What sectors do the KBWB and IAI ETFs invest in?
KBWB leans toward sectors like Financials. Meanwhile, IAI focuses on Financials.
What are the top holdings of the KBWB ETF and IAI ETF?
KBWB top holdings include MORGAN STANLEY, WELLS FARGO and BK OF AMERICA CO. IAI holds in its top three: THE GOLDMAN SACHS GROUP, MORGAN STANLEY and CHARLES SCHWAB.
Which ETF is more diversified: KBWB or IAI?
KBWB holds 24 securities with 80.08% of its assets in the top 15. IAI has 35 securities and a top 15 weight of 89.1%.
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Latest news about KBWB & IAI
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March 6, 2026
IAI
Financials Gain Momentum
March 25, 2024
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Regional Bank Stocks Bounce Back After a Tough Start to the Year
March 11, 2024
KBWB
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Regional Bank Stocks Rally as Fed Signals Rate Cuts for 2024 Amid Slowing Inflation
December 19, 2023
KBWB
Regional Bank Stocks Rally as Fed Signals Rate Cuts for 2024 Amid Slowing Inflation
December 19, 2023
KBWB
Financials and Real Estate ETFs Witness Strong Rebound
November 7, 2023
KBWB
Regional Bank Stocks Rebound
July 24, 2023
KBWB
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