TFNSvsIAIETF Comparison
VS
ETF 2
IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF
This fund is part of
US Financials
+0.1%
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 Financials, Information Technology and Industrials. In contrast, IAI's top sector exposures are Financials, TFNS is more expensive with a Total Expense Ratio (TER) of 0.44%, versus 0.38% for IAI. TFNS is down -0.69% year-to-date (YTD) with +$1M in YTD flows. IAI performs better with 4.6% YTD performance, and -$214M 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 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TFNS IAI | +3.77%+5.17% | +10.67%+14.71% | -0.69%+4.60% | +12.03%+20.36% | n/a+109.58% | n/a+100.43% |
| Flows | TFNS IAI | --$18M | +$1M-$306M | +$1M-$214M | +$12M-$40M | -+$292M | -+$28M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TFNS IAI | +14.54%+19.20% | +14.97%+19.61% | n/a+20.08% | n/a+21.52% |
| Max drawdown | TFNS IAI | -3.26%-4.45% | -13.97%-16.50% | n/a-23.13% | n/a-28.75% |
| Max drawdown duration | TFNS IAI | 51d9d | 157d151d | n/a120d | n/a850d |
Trading data
TFNS | IAI | |
Last sale 6/15/2026 at 1:30 PM | $27.36 | $187.93 |
| Previous close 06/15/2026 | $27.26 | $186.42 |
| Consolidated volume 06/15/2026 | ||
| 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 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 6/15/2026 at 1:30 PM
Live
Closed
TFNS | IAI | |
|---|---|---|
| Last price | $27.36 | $187.93 |
| 1D performance | +0.35% | +0.81% |
| AuM | $13.64 M | $1.44 B |
| E/R | 0.44% | 0.38% |
Characteristics
TFNS | IAI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | iShares |
| Benchmark | - | Dow Jones U.S. Select Investment Services Index |
| N° of holdings | 65 | 31 |
| 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
89.11%
Other
10.89%
IAI
USA
99.95%
Other
0.05%
Sectors
TFNS
Financials
79.45%
Information Techn.
14.89%
Other
5.66%
IAI
Financials
98.23%
Other
1.77%
Diversification
TFNS
Total weight of top 15 holdings out of 15
62.05%
IAI
Total weight of top 15 holdings out of 15
88.96%
Top 15 holdings
Data as of April 30, 2026
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%
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%
Frequently asked questions about TFNS and IAI
How have the TFNS and IAI ETFs performed in 2026?
As of June 12, 2026, TFNS is down -0.69% year-to-date (YTD), while IAI has returned 4.6%. That puts IAI better performer ahead so far this year.
Which ETF is attracting more investor money: TFNS or IAI?
Year-to-date, the TFNS ETF saw +$1M in flows, compared to -$214M for IAI.
Which ETF is more volatile: TFNS or IAI?
Over the past year, TFNS had a volatility of 14.97%, while IAI experienced 19.61%.
Which ETF is bigger: TFNS or IAI?
As of June 12, 2026, TFNS holds $13.64 M in assets under management (AUM), while IAI manages $1.44 B.
What sectors do the TFNS and IAI ETFs invest in?
TFNS leans toward sectors like Financials and Information Technology. Meanwhile, IAI focuses on Financials.
What are the top holdings of the TFNS ETF and IAI ETF?
TFNS top holdings include BERKSHIRE HATHWAY, VISA INCORPORATION and MASTERCARD. IAI holds in its top three: THE GOLDMAN SACHS GROUP, MORGAN STANLEY and CHARLES SCHWAB.
Which ETF is more diversified: TFNS or IAI?
TFNS holds 66 securities with 62.05% of its assets in the top 15. IAI has 35 securities and a top 15 weight of 88.96%.
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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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