iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) is a financial sector ETF. As of October 29, 2026, ETF Copilot scores IAI 5.6 out of 10 — highest on Quality (9.1), lowest on Risk (2.6). It trades at 18.2 times earnings, against its own median of 17.1. Its ten largest holdings are 75% of the fund.
What stands out in IAI's data
U.S. broker-dealers and exchanges — the trading sector in one fund.
Earns more on its capital than most financial-sector peers — a sign the trading business is generating real returns.
Return on equity of 26.7% sits above the category median of 17.5% and above its own 14.4% historical median. Top holdings concentration runs at 74.7%.
A satellite sleeve for portfolios that want direct exposure to the trading ecosystem.
How is IAI rated? ETF Copilot scores iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) 5.6 out of 10
As of October 29, 2026, ETF Copilot scores iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) 5.6 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.6 / 10
- Growth: 3.6 / 10
- Value: 4.5 / 10
- Risk: 2.6 / 10
- Quality: 9.1 / 10
- Return: 7.9 / 10
Is IAI expensive right now? It trades at 18.2 times earnings, against its own median of 17.1
As of October 29, 2026, IAI is more expensive than 53% of its own last 10 years.
Trailing 12 months, built from IAI's holdings. How we calculate this →
What's inside IAI?
What's inside IAI: Size (Large 88%, Mid 10%, Small 3%); 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, S&P Global, CME, Moodys, Intercontinental Exchange, Nasdaq, Msci and Robinhood Markets are IAI's largest holdings, in that order.
More concentrated than 98% of Financials ETFs.
Half of IAI's weight sits in its 5 largest positions, and once those weights are taken into account it behaves like 12 equally weighted holdings.
What is IAI's expense ratio? 0.37% a year
As of October 29, 2026, IAI charges 0.37% a year, yields 1.18% and holds $1.3B in assets across 37 positions.
| Measure | IAI |
|---|---|
| Expense ratio | 0.37% |
| Dividend yield | 1.18% |
| Assets under management | $1.3B |
| Holdings | 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.
Cite this
ETF Copilot, “iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) scores and holdings analysis”, as of October 29, 2026.
https://etf-copilot.com/etf/iai
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