FNCL vs IAI: holdings overlap, shared companies and scores
As of October 28, 2026, FNCL and IAI overlap 16.5% 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 October 28, 2026
Where FNCL and IAI trade against their own history
FNCL trades at 15.6 times earnings, against its own median of 14.7, and is more expensive than 59% of its own last 9 years.
IAI trades at 18.3 times earnings, against its own median of 17.1, and is more expensive than 53% of its own last 9 years.
What do FNCL and IAI each hold?
What's inside FNCL: Tech 2%.
48% of FNCL is its ten largest holdings.
75% of IAI is its ten largest holdings.
How much do FNCL and IAI overlap? 16.5% by weight
As of October 28, 2026, FNCL and IAI overlap 16.5% by weight.
17% of FNCL is already inside IAI.
100% of IAI is already inside FNCL.
FNCL holds 376 companies and IAI holds 37; 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? 5.0 and 5.6 out of 10
As of October 28, 2026, ETF Copilot scores FNCL 5.0 out of 10 and IAI 5.6 out of 10.
They differ most on Quality: FNCL 5.9 and IAI 8.9.
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 | 4.1 | 3.9 |
| Value | 3.8 | 4.5 |
| Risk | 5.1 | 2.6 |
| Quality | 5.9 | 8.9 |
| Return | 6.0 | 7.8 |
FNCL is the cheaper of the two at 0.08% a year
As of October 28, 2026, FNCL charges 0.08% a year, yields 1.63% and holds $2.3B in assets across 376 positions.
As of October 28, 2026, IAI charges 0.37% a year, yields 1.19% and holds $1.3B in assets across 37 positions.
| Measure | FNCL | IAI |
|---|---|---|
| Expense ratio | 0.08% | 0.37% |
| Dividend yield | 1.63% | 1.19% |
| Assets under management | $2.3B | $1.3B |
| Holdings | 376 | 37 |
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.
Compare with similar funds
Cite this
ETF Copilot, “FNCL vs IAI holdings overlap and scores”, as of October 28, 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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