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IAI vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IAI and SPY is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 0.8

Performance

IAI vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

200.00%300.00%400.00%500.00%600.00%NovemberDecember2025FebruaryMarchApril
260.94%
490.09%
IAI
SPY

Key characteristics

Sharpe Ratio

IAI:

0.98

SPY:

0.54

Sortino Ratio

IAI:

1.47

SPY:

0.89

Omega Ratio

IAI:

1.21

SPY:

1.13

Calmar Ratio

IAI:

1.04

SPY:

0.58

Martin Ratio

IAI:

4.01

SPY:

2.39

Ulcer Index

IAI:

5.99%

SPY:

4.51%

Daily Std Dev

IAI:

24.46%

SPY:

20.07%

Max Drawdown

IAI:

-75.33%

SPY:

-55.19%

Current Drawdown

IAI:

-12.89%

SPY:

-10.54%

Returns By Period

In the year-to-date period, IAI achieves a -3.70% return, which is significantly higher than SPY's -6.44% return. Over the past 10 years, IAI has outperformed SPY with an annualized return of 14.46%, while SPY has yielded a comparatively lower 11.95% annualized return.


IAI

YTD

-3.70%

1M

-5.74%

6M

2.28%

1Y

24.00%

5Y*

22.23%

10Y*

14.46%

SPY

YTD

-6.44%

1M

-5.00%

6M

-5.02%

1Y

9.54%

5Y*

15.80%

10Y*

11.95%

*Annualized

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IAI vs. SPY - Expense Ratio Comparison

IAI has a 0.41% expense ratio, which is higher than SPY's 0.09% expense ratio.


Expense ratio chart for IAI: current value is 0.41%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
IAI: 0.41%
Expense ratio chart for SPY: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPY: 0.09%

Risk-Adjusted Performance

IAI vs. SPY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IAI
The Risk-Adjusted Performance Rank of IAI is 8282
Overall Rank
The Sharpe Ratio Rank of IAI is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of IAI is 8181
Sortino Ratio Rank
The Omega Ratio Rank of IAI is 8383
Omega Ratio Rank
The Calmar Ratio Rank of IAI is 8383
Calmar Ratio Rank
The Martin Ratio Rank of IAI is 8181
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6565
Overall Rank
The Sharpe Ratio Rank of SPY is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6464
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6565
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6969
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6767
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IAI vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The chart of Sharpe ratio for IAI, currently valued at 0.98, compared to the broader market-1.000.001.002.003.004.00
IAI: 0.98
SPY: 0.54
The chart of Sortino ratio for IAI, currently valued at 1.47, compared to the broader market-2.000.002.004.006.008.00
IAI: 1.47
SPY: 0.89
The chart of Omega ratio for IAI, currently valued at 1.21, compared to the broader market0.501.001.502.00
IAI: 1.21
SPY: 1.13
The chart of Calmar ratio for IAI, currently valued at 1.04, compared to the broader market0.002.004.006.008.0010.0012.00
IAI: 1.04
SPY: 0.58
The chart of Martin ratio for IAI, currently valued at 4.01, compared to the broader market0.0020.0040.0060.00
IAI: 4.01
SPY: 2.39

The current IAI Sharpe Ratio is 0.98, which is higher than the SPY Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of IAI and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.98
0.54
IAI
SPY

Dividends

IAI vs. SPY - Dividend Comparison

IAI's dividend yield for the trailing twelve months is around 1.17%, less than SPY's 1.31% yield.


TTM20242023202220212020201920182017201620152014
IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF
1.17%1.05%1.80%2.14%1.31%1.55%1.52%1.58%1.37%1.48%1.31%1.13%
SPY
SPDR S&P 500 ETF
1.31%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

IAI vs. SPY - Drawdown Comparison

The maximum IAI drawdown since its inception was -75.33%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IAI and SPY. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-12.89%
-10.54%
IAI
SPY

Volatility

IAI vs. SPY - Volatility Comparison

iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) has a higher volatility of 16.02% compared to SPDR S&P 500 ETF (SPY) at 15.13%. This indicates that IAI's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
16.02%
15.13%
IAI
SPY