IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF
The iShares U.S. Broker-Dealers Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Select Investment Services Index.
US
EQUITY
Passive
MANAGEMENT STYLE
$ 1.5 B
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Inception date | May 01, 2006 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| GOLDMAN SACHS GROUP INC | 18.8 % |
| MORGAN STANLEY | 15.5 % |
| SCHWAB (CHARLES) CORP | 9.9 % |
| COINBASE GLOBAL, INC. CLASS A | 4.2 % |
| MOODY'S CORP | 4.2 % |
| INTERCONTINENTALEXCHANGE INC | 4.1 % |
| MSCI INC-A | 4.1 % |
| S&P GLOBAL, INC. | 4.1 % |
| ROBINHOOD MARKETS, INC. CLASS A | 4.1 % |
| CME GROUP INC | 3.9 % |
Constituent Breakdown
| Number of holdings | 34 |
| Herfindahl-Hirschman Index | 871 |
| Wgt avg mkt cap (mns) | $144,640 |
| Large cap (>$10bn) | 91.8% |
| Mid cap ($2-10bn) | 7.9% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 99.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 98.9 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -1.6% | 25.3% | 25.9% | 24.3% | 12.6% | 16.7% | -- | 6.4% |
| Dividend Yield | 0.4% | 1.5% | 1.5% | 1.8% | 1.8% | 1.9% | -- | 1.6% |
| Total Returns | -1.2% | 26.7% | 27.4% | 26.1% | 14.5% | 18.6% | -- | 8.0% | Ann. Volatility | 24.1% | 19.4% | 22.1% | 20.2% | 21.4% | 22.9% | -- | 28.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.14 | 54% |
| MSCI EAFE | 0.69 | 27% |
| MSCI Emg Mkts | 0.50 | 23% |
Liquidity Measures
| Avg. volume (000) | 77 |
| ADV traded (mns) | $14 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| 30d moving avg. (EMA) | $174.53 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 1.77/2.06 |
| Bollinger Bands (Upper/Lower) | $180.38/$173.87 |
| Short interest (% of AUM) | 0.3% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IAI |
Expenses vs. IAI |
ALTAR Score™ vs. IAI |
|---|---|---|---|---|
| KCE | State Street SPDR S&P Capital Markets ETF | 32.6% | -5 bp | +1.8% |
| IYF | iShares U.S. Financials ETF | 23.0% | 0 bp | +2.2% |
| IYG | iShares US Financial Services ETF | 21.7% | 0 bp | +1.5% |
| BJK | VanEck Gaming ETF | 20.8% | +25 bp | +1.8% |
| RSPF | Invesco S&P 500 Equal Weight Financials ETF | 19.8% | 0 bp | +3.0% |
| PFI | Invesco Dorsey Wright Financial Momentum ETF | 18.5% | +20 bp | +1.2% |
| XLF | Financial Select Sector SPDR | 18.4% | -32 bp | +2.1% |
| VFH | Vanguard Financials ETF | 17.6% | -31 bp | +2.6% |
| FNCL | Fidelity MSCI Financials Index ETF | 17.2% | -32 bp | +2.5% |
| KBWB | Invesco KBW Bank ETF | 16.8% | -5 bp | +3.1% |
Risk and Returns: IAI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 5/16/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
4.5%
ALTAR SCORE™
34th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,207 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.1%. IAI's ALTAR Score™ is approximately -0.4 standard
deviations above the category average. This places IAI in the 34th percentile
among funds in the category.
Sell-Side Consensus
$210.16
PRICE TARGET
+18.3%
UPSIDE