Is IAI a good investment?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) is a financial sector ETF. As of September 11, 2026, ETF Copilot scores IAI 4.4 out of 10 — highest on Return (8.3), lowest on Risk (1.4). It trades at 20.1 times earnings, against its own median of 17.1. Its ten largest holdings are 75% of the fund.

Updated September 11, 2026

How is IAI rated? ETF Copilot scores iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) 4.4 out of 10

As of September 11, 2026, ETF Copilot scores iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) 4.4 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 4.4 / 10
Growth: 1.9 / 10
Valuation: 3.0 / 10
Risk: 1.4 / 10
Quality: 7.1 / 10
Return: 8.3 / 10

What is IAI's expense ratio? 0.37% a year

As of September 11, 2026, IAI charges 0.37% a year, yields 1.42% and holds $1.4B in assets across 38 positions.

iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) — cost, income and size
Measure	IAI
Expense ratio	0.37%
Dividend yield	1.42%
Assets under management	$1.4B
Holdings	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.

What stands out in IAI's data

U.S. broker-dealers and exchanges — the trading sector in one fund.

Has outpaced the typical financials fund over the last three years — a strong run for a narrow slice of the market.

Returned 28% annualized over three years, ahead of the 22% category median. Top holdings concentration sits at 75.2%.

A satellite sleeve for portfolios that want direct exposure to the trading ecosystem.

Why did IAI move this week? It fell 3.8% in the week to September 11, 2026 — Robinhood Markets and S&P Global drove it

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.

Is IAI expensive right now? It trades at 20.1 times earnings, against its own median of 17.1

As of September 11, 2026, IAI is more expensive than 58% of its own 114 monthly readings since 2017 — 66 of those months were cheaper than today.

Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.

What's inside IAI?

What's inside IAI: Size (Large 85%, Mid 13%, Small 2%); Geography (International 0%, US 100%).

What are IAI's top holdings? The ten largest are 75% of the fund

Goldman Sachs, Morgan Stanley, The Charles Schwab, Robinhood Markets, Intercontinental Exchange, Moodys, CME, S&P Global, Nasdaq and Interactive Brokers are IAI's largest holdings, in that order.

More concentrated than 98% of Financials ETFs.

Half of IAI's weight sits in its 4 largest positions, and once those weights are taken into account it behaves like 11 equally weighted holdings.

Cite this

ETF Copilot, “iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/iai