TFNSvsIAIETF Comparison
VS
ETF 2
IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF
This fund is part of
US Financials
-0.26%
T. Rowe Price Financials ETF (TFNS) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) belong to the same industry segment: US Financials. TFNS's top 3 sector exposures are Finance, Business Services and Technology. In contrast, IAI's top sector exposures are Finance, Technology and Business Services. TFNS is more expensive with a Total Expense Ratio (TER) of 0.44%, versus 0.37% for IAI. TFNS is up 6.61% year-to-date (YTD) with +$6M in YTD flows. IAI performs worse with 6.45% YTD performance, and -$290M in YTD flows. Run a side-by-side ETF comparison of TFNS 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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TFNS vs IAI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TFNS IAI | -1.34%+0.74% | +9.17%+6.37% | +6.61%+6.45% | +11.69%+9.45% | n/a+109.37% | n/a+91.52% |
| Flows | TFNS IAI | +$2M+$19M | +$5M-$76M | +$6M-$290M | +$8M-$185M | -+$275M | --$85M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TFNS IAI | +13.29%+21.29% | +14.98%+20.70% | n/a+20.53% | n/a+21.63% |
| Max drawdown | TFNS IAI | -2.55%-6.72% | -13.97%-16.50% | n/a-23.13% | n/a-28.75% |
| Max drawdown duration | TFNS IAI | 17d16d | 176d168d | n/a120d | n/a850d |
Trading data
TFNS | IAI | |
Last sale 9/10/2026 at 1:30 PM | $29.20 | $189.77 |
| Previous close 09/10/2026 | $29.31 | $191.63 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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TFNS
is actively managed and doesn’t replicate an indexTFNS | 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 9/10/2026 at 1:30 PM
Live
Closed
TFNS | IAI | |
|---|---|---|
| Last price | $29.20 | $189.77 |
| 1D performance | -0.37% | -0.97% |
| AuM | $19.77 M | $1.39 B |
| E/R | 0.44% | 0.37% |
Characteristics
TFNS | IAI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | iShares |
| Benchmark | - | Dow Jones U.S. Select Investment Services Index |
| N° of holdings | 83 | 36 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 11, 2025 | May 1, 2006 |
| ESG | No | No |
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Exposure
Countries
TFNS
USA
90.56%
Other
9.44%
IAI
USA
100.03%
Other
-0.03%
Sectors
TFNS
Finance
94.54%
Other
5.46%
IAI
Finance
85.81%
Technology
9.5%
Other
4.69%
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Diversification
TFNS
Total weight of top 15 holdings out of 15
59.8%
IAI
Total weight of top 15 holdings out of 15
89.61%
Top 15 holdings
Data as of July 31, 2026
TFNS
Berkshire Hathaway, Inc.
9.52%
Visa, Inc.
6.81%
Mastercard, Inc.
6.19%
JPMorgan Chase & Co.
4.43%
Wells Fargo & Co.
4.31%
Bank of America Corp.
4.22%
The Goldman Sachs Group, Inc.
3.68%
The Charles Schwab Corp.
3.50%
Citigroup, Inc.
3.17%
Capital One Financial Corp.
2.86%
Morgan Stanley
2.68%
Chubb Ltd.
2.50%
BlackRock, Inc.
2.29%
Marsh & McLennan Cos., Inc.
2.06%
U.S. Bancorp
1.57%
IAI
The Goldman Sachs Group, Inc.
19.59%
Morgan Stanley
16.22%
The Charles Schwab Corp.
9.15%
Intercontinental Exchange, Inc.
4.79%
Moody's Corp.
4.60%
CME Group, Inc.
4.36%
Robinhood Markets, Inc.
4.31%
S&P Global, Inc.
4.19%
Nasdaq, Inc.
3.82%
MSCI, Inc.
3.76%
Interactive Brokers Group, Inc.
3.62%
Coinbase Global, Inc.
3.27%
Cboe Global Markets, Inc.
2.78%
Raymond James Financial, Inc.
2.72%
LPL Financial Holdings, Inc.
2.43%
Frequently asked questions about TFNS and IAI
How have the TFNS and IAI ETFs performed in 2026?
As of September 9, 2026, TFNS is up 6.61% year-to-date (YTD), while IAI has returned 6.45%. That puts TFNS better performer ahead so far this year.
Which ETF is attracting more investor money: TFNS or IAI?
Year-to-date, the TFNS ETF saw +$6M in flows, compared to -$290M for IAI.
Which ETF is more volatile: TFNS or IAI?
Over the past year, TFNS had a volatility of 14.98%, while IAI experienced 20.7%.
Which ETF is bigger: TFNS or IAI?
As of September 9, 2026, TFNS holds $19.77 M in assets under management (AUM), while IAI manages $1.39 B.
What sectors do the TFNS and IAI ETFs invest in?
TFNS leans toward sectors like Finance. Meanwhile, IAI focuses on Finance and Technology.
What are the top holdings of the TFNS ETF and IAI ETF?
TFNS top holdings include Berkshire Hathaway, Inc., Visa, Inc. and Mastercard, Inc.. IAI holds in its top three: The Goldman Sachs Group, Inc., Morgan Stanley and The Charles Schwab Corp..
Which ETF is more diversified: TFNS or IAI?
TFNS holds 83 securities with 59.8% of its assets in the top 15. IAI has 36 securities and a top 15 weight of 89.61%.
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Latest news about TFNS & IAI
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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