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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in iShares U.S. Broker-Dealers & Securities Exchanges ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) has returned -8.08% so far this year and 18.54% over the past 12 months. Looking at the last ten years, IAI has achieved an annualized return of 17.67%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.
iShares U.S. Broker-Dealers & Securities Exchanges ETF
- 1D
- 2.83%
- 1M
- -3.40%
- YTD
- -8.08%
- 6M
- -6.55%
- 1Y
- 18.54%
- 3Y*
- 23.20%
- 5Y*
- 13.70%
- 10Y*
- 17.67%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since May 5, 2006, IAI's average daily return is +0.05%, while the average monthly return is +0.83%. At this rate, your investment would double in approximately 7.0 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +18.0%, while the worst month was Oct 2008 at -20.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, IAI closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +15.1%, while the worst single day was Dec 1, 2008 at -15.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.82% | -7.44% | -3.40% | -8.08% | |||||||||
| 2025 | 8.56% | -2.35% | -7.98% | 0.54% | 9.71% | 9.70% | 3.84% | -0.83% | 1.80% | -1.01% | 0.39% | 2.30% | 25.80% |
| 2024 | -2.41% | 4.51% | 5.13% | -4.00% | 4.73% | 0.56% | 6.12% | 2.93% | 0.93% | 3.16% | 15.68% | -5.80% | 34.37% |
| 2023 | 6.30% | -0.96% | -9.02% | 0.27% | -5.11% | 4.67% | 7.80% | -3.38% | -3.09% | -4.10% | 13.00% | 10.47% | 15.27% |
| 2022 | -2.88% | -3.22% | -2.89% | -11.02% | 3.96% | -8.71% | 10.55% | -0.11% | -7.41% | 12.32% | 7.48% | -6.32% | -10.87% |
| 2021 | -0.31% | 13.11% | 3.02% | 5.58% | 4.62% | 0.52% | 1.13% | 6.21% | -4.38% | 9.11% | -5.86% | 3.26% | 40.48% |
Benchmark Metrics
iShares U.S. Broker-Dealers & Securities Exchanges ETF has an annualized alpha of -1.03%, beta of 1.26, and R² of 0.74 versus S&P 500 Index. Calculated based on daily prices since May 08, 2006.
- This ETF captured 123.79% of S&P 500 Index gains and 123.18% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- Alpha
- -1.03%
- Beta
- 1.26
- R²
- 0.74
- Upside Capture
- 123.79%
- Downside Capture
- 123.18%
Expense Ratio
IAI has an expense ratio of 0.41%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IAI ranks 40 for risk / return — below 40% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) and compare them to a chosen benchmark (S&P 500 Index).
| IAI | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 0.90 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.39 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.40 | -0.24 |
Martin ratioReturn relative to average drawdown | 3.55 | 6.61 | -3.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore IAI risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
iShares U.S. Broker-Dealers & Securities Exchanges ETF provided a 1.18% dividend yield over the last twelve months, with an annual payout of $1.93 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.93 | $1.70 | $1.51 | $1.95 | $2.06 | $1.45 | $1.23 | $1.04 | $0.89 | $0.86 | $0.73 | $0.54 |
Dividend yield | 1.18% | 0.95% | 1.05% | 1.80% | 2.14% | 1.31% | 1.55% | 1.52% | 1.58% | 1.37% | 1.49% | 1.31% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares U.S. Broker-Dealers & Securities Exchanges ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.69 | $0.69 | |||||||||
| 2025 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.45 | $1.70 |
| 2024 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.43 | $1.51 |
| 2023 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.58 | $0.00 | $0.00 | $0.44 | $1.95 |
| 2022 | $0.00 | $0.00 | $0.73 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.45 | $2.06 |
| 2021 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.52 | $1.45 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares U.S. Broker-Dealers & Securities Exchanges ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares U.S. Broker-Dealers & Securities Exchanges ETF was 75.46%, occurring on Nov 20, 2008. Recovery took 2026 trading sessions.
The current iShares U.S. Broker-Dealers & Securities Exchanges ETF drawdown is 13.40%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -75.46% | Jun 21, 2007 | 360 | Nov 20, 2008 | 2026 | Dec 8, 2016 | 2386 |
| -40.38% | Feb 21, 2020 | 22 | Mar 23, 2020 | 171 | Nov 23, 2020 | 193 |
| -28.84% | Nov 3, 2021 | 157 | Jun 17, 2022 | 428 | Mar 4, 2024 | 585 |
| -24% | Mar 13, 2018 | 199 | Dec 24, 2018 | 232 | Nov 25, 2019 | 431 |
| -23.14% | Feb 19, 2025 | 35 | Apr 8, 2025 | 49 | Jun 18, 2025 | 84 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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