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IAI vs. XLFI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAI vs. XLFI

Last updated Jul 14, 2026
Documentation

IAI (iShares U.S. Broker-Dealers & Securities Exchanges ETF) and XLFI (State Street Financial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - IAI is a Financials Equities fund tracking the Dow Jones U.S. Select Investment Services Index, while XLFI is a Derivative Income fund actively managed by State Street. IAI is passively managed, while XLFI is actively managed. A 0.75 correlation means they provide meaningful diversification when combined. IAI charges 0.38%/yr vs 0.35%/yr for XLFI.

Performance

IAI vs. XLFI - 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 State Street Financial Select Sector SPDR Premium Income ETF (XLFI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IAI achieves a 5.93% return, which is significantly higher than XLFI's 1.85% return.

IAI

1D
0.11%
1M
2.67%
6M
1.34%
YTD
5.93%
1Y
11.50%
3Y*
28.34%
5Y*
15.12%
10Y*
19.17%

XLFI

1D
0.45%
1M
3.48%
6M
0.88%
YTD
1.85%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IAI vs. XLFI - Yearly Performance Comparison

2026 (YTD)2025
IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF		5.93%2.96%
XLFI
State Street Financial Select Sector SPDR Premium Income ETF		1.85%5.40%

Correlation

The correlation between IAI and XLFI is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jul 30, 2025

0.75

IAI vs. XLFI - Sectors Allocation Comparison

Sectors
IAI
XLFI

Financial Services

99.9%
99.9%

Technology

0.1%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Utilities

-

-

Financial Services

IAI
99.9%
XLFI
99.9%

Technology

IAI
0.1%
XLFI

-

Basic Materials

IAI

-

XLFI

-

Communication Services

IAI

-

XLFI

-

Consumer Cyclical

IAI

-

XLFI

-

Consumer Defensive

IAI

-

XLFI

-

Energy

IAI

-

XLFI

-

Healthcare

IAI

-

XLFI

-

Industrials

IAI

-

XLFI

-

Real Estate

IAI

-

XLFI

-

Utilities

IAI

-

XLFI

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Broker-Dealers & Securities Exchanges ETF

State Street Financial Select Sector SPDR Premium Income ETF

Often compared with IAI:
IAI vs. KCEIAI vs. XLFIAI vs. SPYIAI vs. QQQIAI vs. KIEIAI vs. FASIAI vs. SOXX
Often compared with XLFI:
XLFI vs. EUFNXLFI vs. PBPXLFI vs. XLFXLFI vs. XLUXLFI vs. CHPYXLFI vs. FYEEXLFI vs. IVVW

Return for Risk

IAI vs. XLFI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAI
IAI Risk / Return Rank: 2020
Overall Rank
IAI Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
IAI Sortino Ratio Rank: 2020
Sortino Ratio Rank
IAI Omega Ratio Rank: 1919
Omega Ratio Rank
IAI Calmar Ratio Rank: 2020
Calmar Ratio Rank
IAI Martin Ratio Rank: 2121
Martin Ratio Rank
XLFI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IAI vs. XLFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). 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.

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.

IAIXLFIDifference
Sharpe ratioReturn per unit of total volatility
0.58

—

—

Sortino ratioReturn per unit of downside risk
0.92

—

—

Omega ratioGain probability vs. loss probability

1.11

—

—

Calmar ratioReturn relative to maximum drawdown

0.70

—

—

Martin ratioReturn relative to average drawdown

1.96

—

—

IAI vs. XLFI - Sharpe Ratio Comparison

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Drawdowns

IAI vs. XLFI - Drawdown Comparison

The maximum IAI drawdown since its inception was -75.46%, which is greater than XLFI's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for IAI and XLFI.

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Drawdown Indicators

IAIXLFIDifference

Max Drawdown

Largest peak-to-trough decline

-75.46%

-11.89%

-63.57%

Max Drawdown (1Y)

Largest decline over 1 year

-16.52%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-23.14%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-28.84%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-40.38%

—

—

Current Drawdown

Current decline from peak

-0.32%

0.00%

-0.32%

Average Drawdown

Average peak-to-trough decline

-22.56%

-3.17%

-19.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.88%

—

—

Volatility

IAI vs. XLFI - Volatility Comparison

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Volatility by Period

IAIXLFIDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.63%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

15.77%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

19.86%

12.02%

+7.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.48%

12.02%

+9.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.71%

12.02%

+10.69%

IAI vs. XLFI - Expense Ratio Comparison

IAI has a 0.38% expense ratio, which is higher than XLFI's 0.35% expense ratio.

Dividends

IAI vs. XLFI - Dividend Comparison

IAI's dividend yield for the trailing twelve months is around 1.09%, less than XLFI's 11.44% yield.

PositionTTM20252024202320222021202020192018201720162015
IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF		1.09%0.95%1.05%1.80%2.14%1.31%1.55%1.52%1.58%1.37%1.49%1.31%
XLFI
State Street Financial Select Sector SPDR Premium Income ETF		11.44%5.57%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IAI and XLFI have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XLFI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XLFI is cheaper with a 0.35% expense ratio, compared with 0.38% for IAI.

XLFI has the higher dividend yield at 11.44%, compared with 1.09% for IAI.

IAI is categorized as Financials Equities, while XLFI is Derivative Income. They also come from different issuers: iShares and State Street. Their fees differ too: 0.38% for IAI and 0.35% for XLFI.

Portfolio Optimizer

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