- ISIN
- US4642887941
- CUSIP
- 464288794
- Issuer
- iShares
- Inception Date
- May 1, 2006
- Region
- North America (U.S.)
- Category
- Financials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- DJ US Select / Investment Services
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $1B
Share Price Chart
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Performance
IAI Performance Chart
iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) is up 0.2% since the beginning of the year. IAI is currently trading at $179 per share. Investors who bought $1,000 worth of IAI shares 5 years ago would now be looking at an investment worth $1,878.
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Returns By Period
iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) has returned 0.24% so far this year and 16.52% over the past 12 months. Looking at the last ten years, IAI has achieved an annualized return of 18.46%, outperforming the S&P 500 Index benchmark, which averaged 13.66% per year.
iShares U.S. Broker-Dealers & Securities Exchanges ETF
- 1D
- -1.71%
- 1M
- 1.75%
- YTD
- 0.24%
- 6M
- 1.73%
- 1Y
- 16.52%
- 3Y*
- 27.84%
- 5Y*
- 13.43%
- 10Y*
- 18.46%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
IAI Monthly Returns History
Based on dividend-adjusted daily data since May 5, 2006, IAI's average daily return is +0.05%, while the average monthly return is +0.86%. At this rate, an investment would double in approximately 6.7 years.
Historically, 60% of months were positive and 40% 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% | 7.50% | 3.56% | -2.05% | 0.24% | ||||||
| 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 -1.49%, 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 participated in 123.59% of S&P 500 Index downside but only 122.08% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.49%
- Beta
- 1.26
- R²
- 0.74
- Upside Capture
- 122.08%
- Downside Capture
- 123.59%
Expense Ratio
IAI has an expense ratio of 0.41%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IAI ranks 23 for risk / return — below 23% 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 S&P 500 Index.
| IAI | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 2.24 | -1.37 |
Sortino ratioReturn per unit of downside risk | 1.27 | 3.07 | -1.80 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.41 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 2.93 | -1.92 |
Martin ratioReturn relative to average drawdown | 2.88 | 13.52 | -10.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
iShares U.S. Broker-Dealers & Securities Exchanges ETF provided a 1.08% 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 | 1.08% | 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 | $0.00 | $0.00 | $0.00 | $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 5.57%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -75.46%Nov 2008 | 1y 5mo | 8y 20d | 9y 5moJun 2007 - Dec 2016 |
COVID crash2020 | -40.38%Mar 2020 | 1mo 1d | 8mo 5d | 9mo 6dFeb 2020 - Nov 2020 |
Bear market2022 | -28.84%Jun 2022 | 7mo 16d | 1y 8mo | 2y 4moNov 2021 - Mar 2024 |
Rate-hike selloffLate 2018 | -24.00%Dec 2018 | 9mo 16d | 11mo 6d | 1y 8moMar 2018 - Nov 2019 |
2025 selloff2025 | -23.14%Apr 2025 | 1mo 18d | 2mo 11d | 3mo 29dFeb 2025 - Jun 2025 |
Drawdown Indicators
| IAI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.46% | -56.78% | -18.68% |
Max Drawdown (1Y)Largest decline over 1 year | -16.52% | -9.10% | -7.42% |
Max Drawdown (3Y)Largest decline over 3 years | -23.14% | -18.90% | -4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -28.84% | -25.43% | -3.41% |
Max Drawdown (10Y)Largest decline over 10 years | -40.38% | -33.92% | -6.46% |
Current DrawdownCurrent decline from peak | -5.57% | -0.74% | -4.83% |
Average DrawdownAverage peak-to-trough decline | -22.66% | -10.72% | -11.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 1.97% | +3.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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