(IAI) U.S. Broker-Dealers - Overview
Etf: Brokerage, Exchange, Investment Services, Securities
Dividends
| Dividend Yield | 1.06% |
| Yield on Cost 5y | 2.14% |
| Yield CAGR 5y | 4.19% |
| Payout Consistency | 91.1% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 24.3% |
| Relative Tail Risk | 2.14% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.50 |
| Alpha | -1.19 |
| Character TTM | |
|---|---|
| Beta | 1.080 |
| Beta Downside | 1.145 |
| Drawdowns 3y | |
|---|---|
| Max DD | 23.14% |
| CAGR/Max DD | 0.94 |
Description: IAI U.S. Broker-Dealers January 15, 2026
The iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) tracks the SPDJI-defined investment services sector, allocating at least 80% of assets to the index’s constituent equities and permitting up to 20% in futures, options, swaps, cash, or cash equivalents. The fund is classified as non-diversified, meaning it may hold a concentrated portfolio of securities within the sector.
Key sector metrics to watch: (1) Broker-dealer net revenue grew ~5% YoY in Q4 2023, driven by higher trading volumes and fee-based services; (2) The sector’s price-to-earnings (P/E) multiple averages 12.8×, below the broader financials average of 14.3×, suggesting relative valuation discount; (3) Interest-rate outlook remains a primary driver-rising rates can boost net interest margins for banks but compress margins for securities exchanges that rely on transaction-based fees.
For a deeper, data-rich analysis of IAI’s risk-return profile, you might explore ValueRay’s toolkit to see how the ETF fits your quantitative criteria.
What is the price of IAI shares?
Over the past week, the price has changed by -3.49%, over one month by -3.87%, over three months by +1.62% and over the past year by +15.45%.
Is IAI a buy, sell or hold?
What are the forecasts/targets for the IAI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 208.9 | 17% |
IAI Fundamental Data Overview February 09, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 1.87b USD (1.87b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 1.87b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 1.87b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 9.89% (E(1.87b)/V(1.87b) * Re(9.89%) + (debt-free company))
Discount Rate = 9.89% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)