(IAI) U.S. Broker-Dealers - Overview

ETF Category: Financial | Exchange: NYSE ARCA (USA) | Market Cap: 1.395m USD | Total Return: 18.4% in 12m

Investment Banking, Stock Exchanges, Asset Management, Brokerage Services
Total Rating 36
Safety 51
Buy Signal -0.12
Financial
Category Rotation: +0.2
TER: 0.40%
AUM: 1.39B
Avg Turnover: 10.8M
Risk 3d forecast
Volatility17.7%
VaR 5th Pctl3.27%
VaR vs Median2.28%
Reward TTM
Sharpe Ratio0.79
Rel. Str. IBD48.5
Rel. Str. Peer Group67.6
Character TTM
Beta1.116
Beta Downside1.115
Hurst Exponent0.451
Drawdowns 3y
Max DD23.14%
CAGR/Max DD1.27
CAGR/Mean DD8.01

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: IAI U.S. Broker-Dealers

The iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) tracks the investment services sector of the U.S. equity market. The fund allocates at least 80% of its assets to its underlying index, with the remaining 20% available for derivatives and cash equivalents to meet its investment objective.

The sector primarily encompasses companies facilitating capital market activities, such as clearing houses, stock exchanges, and institutional brokerages. These businesses often benefit from high trading volumes and volatility, as their revenue models are frequently tied to transaction fees and assets under management rather than traditional interest rate spreads.

Investors looking for deeper fundamental metrics on these financial firms should explore the data available on ValueRay.

As a non-diversified fund, IAI maintains concentrated positions in a specific subset of the financial industry. This focus provides targeted exposure to the infrastructure of the U.S. financial markets but carries higher idiosyncratic risk compared to broad-market financial ETFs.

Headlines to Watch Out For
  • Elevated trading volumes across equity and derivative markets boost transaction-based revenue
  • Higher interest rates increase net interest income from margin lending and cash
  • Capital market volatility drives demand for institutional hedging and advisory services
  • Regulatory shifts in market structure impact exchange fees and order flow payments
  • Investment banking revenue fluctuates with corporate debt issuance and IPO activity levels
What is the price of IAI shares?

As of May 23, 2026, the stock is trading at USD 179.73 with a total of 66,636 shares traded.
Over the past week, the price has changed by +1.25%, over one month by +0.40%, over three months by +8.05% and over the past year by +18.35%.

Is IAI a buy, sell or hold?

U.S. Broker-Dealers has no consensus analysts rating.