- ISIN
- US4642887784
- CUSIP
- 464288778
- Issuer
- iShares
- Inception Date
- May 5, 2006
- Region
- North America (U.S.)
- Category
- Financials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Dow Jones U.S. Select Regional Banks Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Value
- Assets Under Management
- $624M
Share Price Chart
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Performance
IAT Performance Chart
iShares U.S. Regional Banks ETF (IAT) is up 10.2% since the beginning of the year. IAT is currently trading at $60 per share. Investors who bought $1,000 worth of IAT shares 5 years ago would now be looking at an investment worth $1,233.
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Returns By Period
iShares U.S. Regional Banks ETF (IAT) has returned 10.17% so far this year and 31.68% over the past 12 months. Over the last ten years, IAT has returned 9.56% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares U.S. Regional Banks ETF
- 1D
- 1.04%
- 1M
- 5.50%
- YTD
- 10.17%
- 6M
- 7.40%
- 1Y
- 31.68%
- 3Y*
- 26.82%
- 5Y*
- 4.27%
- 10Y*
- 9.56%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IAT Monthly Returns History
Based on dividend-adjusted daily data since May 5, 2006, IAT's average daily return is +0.04%, while the average monthly return is +0.57%. At this rate, an investment would double in approximately 10.2 years.
Historically, 58% of months were positive and 42% were negative. The best month was Feb 2021 with a return of +18.3%, while the worst month was Jan 2009 at -32.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, IAT closed higher 51% of trading days. The best single day was Apr 9, 2009 with a return of +16.2%, while the worst single day was May 7, 2010 at -15.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.19% | -3.16% | -3.69% | 9.01% | -2.06% | 5.17% | 10.17% | ||||||
| 2025 | 5.52% | -3.67% | -8.40% | -5.96% | 6.66% | 6.83% | 1.21% | 7.90% | -2.19% | -5.63% | 4.66% | 7.41% | 13.05% |
| 2024 | -1.98% | -1.51% | 8.19% | -5.74% | 2.47% | -0.20% | 16.18% | 1.12% | -1.48% | 4.31% | 13.85% | -10.13% | 24.36% |
| 2023 | 10.05% | -3.01% | -29.21% | -1.56% | -8.86% | 6.36% | 15.63% | -8.97% | -4.30% | -5.21% | 15.98% | 14.56% | -8.53% |
| 2022 | 1.64% | 2.07% | -7.66% | -10.08% | 4.72% | -10.62% | 7.16% | -1.97% | -6.95% | 5.38% | 2.96% | -7.16% | -20.61% |
| 2021 | 1.52% | 18.25% | 4.47% | 5.19% | 3.69% | -6.54% | -3.11% | 4.90% | 4.15% | 5.50% | -4.12% | 1.46% | 38.89% |
Benchmark Metrics
iShares U.S. Regional Banks ETF has an annualized alpha of -4.23%, beta of 1.25, and R2 of 0.55 versus S&P 500 Index. Calculated based on daily prices since May 05, 2006.
- This ETF participated in 114.19% of S&P 500 Index downside but only 90.35% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -4.23% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -4.23%
- Beta
- 1.25
- R²
- 0.55
- Upside Capture
- 90.35%
- Downside Capture
- 114.19%
Expense Ratio
IAT has an expense ratio of 0.42%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IAT ranks 39 for risk / return — below 39% 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. Regional Banks ETF (IAT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IAT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.78 | -0.97 |
| Martin ratioReturn relative to average drawdown | 4.63 | 12.44 | -7.81 |
Dividends
Dividend History
iShares U.S. Regional Banks ETF provided a 2.69% dividend yield over the last twelve months, with an annual payout of $1.62 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.62 | $1.62 | $1.49 | $1.49 | $1.49 | $1.16 | $1.30 | $1.27 | $0.99 | $0.77 | $0.69 | $0.62 |
Dividend yield | 2.69% | 2.94% | 2.95% | 3.56% | 3.12% | 1.88% | 2.87% | 2.49% | 2.48% | 1.55% | 1.52% | 1.78% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares U.S. Regional Banks 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 | $0.26 | $0.00 | $0.00 | $0.38 | $0.64 | ||||||
| 2025 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.58 | $1.62 |
| 2024 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.40 | $1.49 |
| 2023 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.48 | $1.49 |
| 2022 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.46 | $1.49 |
| 2021 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.40 | $1.16 |
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. Regional Banks 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. Regional Banks ETF was 77.22%, occurring on Mar 6, 2009. Recovery took 1950 trading sessions.
The current iShares U.S. Regional Banks ETF drawdown is 3.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -77.22%Mar 2009 | 2y 14d | 7y 9mo | 9y 9moFeb 2007 - Dec 2016 |
2023 bear market2023 | -55.55%May 2023 | 1y 3mo | 2y 9mo | 4y 18dJan 2022 - Feb 2026 |
COVID crash2020 | -52.06%Mar 2020 | 2y 12d | 9mo 25d | 2y 10moMar 2018 - Jan 2021 |
2026 correction2026 | -17.49%Mar 2026 | 1mo 2d | — | 4mo 14dFeb 2026 - now |
2021 correction2021 | -13.87%Jul 2021 | 2mo 2d | 2mo 18d | 4mo 20dMay 2021 - Oct 2021 |
Drawdown Indicators
| IAT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.22% | -56.78% | -20.44% |
Max Drawdown (1Y)Largest decline over 1 year | -17.49% | -9.10% | -8.39% |
Max Drawdown (3Y)Largest decline over 3 years | -29.29% | -18.90% | -10.39% |
Max Drawdown (5Y)Largest decline over 5 years | -55.55% | -25.43% | -30.12% |
Max Drawdown (10Y)Largest decline over 10 years | -55.55% | -33.92% | -21.63% |
Current DrawdownCurrent decline from peak | -3.29% | -1.80% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -26.92% | -10.71% | -16.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.87% | 2.03% | +4.84% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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