FNCL vs IAI: holdings overlap, shared companies and scores
As of September 11, 2026, FNCL and IAI overlap 17.3% by weight. Fidelity MSCI Financials Index ETF (FNCL): U.S. financials stocks. iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI): U.S. broker-dealers and exchanges.
Updated September 11, 2026
How much do FNCL and IAI overlap?
As of September 11, 2026, FNCL and IAI overlap 17.3% by weight.
17% of FNCL is already inside IAI.
100% of IAI is already inside FNCL.
FNCL holds 377 companies and IAI holds 38; 34 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score FNCL and IAI?
As of September 11, 2026, ETF Copilot scores FNCL 4.6 out of 10 and IAI 4.4 out of 10.
They differ most on Risk: FNCL 4.4 and IAI 1.4.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | FNCL | IAI |
|---|---|---|
| Growth | 0.8 | 1.9 |
| Valuation | 4.5 | 3.0 |
| Risk | 4.4 | 1.4 |
| Quality | 7.8 | 7.1 |
| Return | 6.3 | 8.3 |
FNCL is the cheaper of the two at 0.08% a year
As of September 11, 2026, FNCL charges 0.08% a year, yields 1.64% and holds $2.4B in assets across 377 positions.
As of September 11, 2026, IAI charges 0.37% a year, yields 1.42% and holds $1.4B in assets across 38 positions.
| Measure | FNCL | IAI |
|---|---|---|
| Expense ratio | 0.08% | 0.37% |
| Dividend yield | 1.64% | 1.42% |
| Assets under management | $2.4B | $1.4B |
| Holdings | 377 | 38 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Where FNCL and IAI trade against their own history
FNCL trades at 15.7 times earnings, against its own median of 14.1, and is more expensive than 65% of its own 114 monthly readings since 2017.
IAI trades at 20.1 times earnings, against its own median of 17.1, and is more expensive than 58% of its own 114 monthly readings since 2017.
What moved FNCL and IAI this week
FNCL fell 2.4% in the week to September 11, 2026. The holdings that moved it most were JPMorgan Chase (−1.6%), Visa (−2.2%) and Mastercard (−2.8%); Berkshire Hathaway (+0.5%) pushed the other way.
IAI fell 3.8% in the week to September 11, 2026. The holdings that moved it most were Robinhood Markets (−9.7%), S&P Global (−8.8%) and Coinbase Global (−9.1%); Stonex (+1.2%) pushed the other way.
What do FNCL and IAI each hold?
What's inside FNCL: Tech 2%.
49% of FNCL is its ten largest holdings.
75% of IAI is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “FNCL vs IAI holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/fncl-vs-iai
- Fidelity MSCI Financials Index ETF (FNCL)
- iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI)
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