PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IAT vs. TFNS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAT vs. TFNS

Last updated Jun 4, 2026

IAT (iShares U.S. Regional Banks ETF) and TFNS (T. Rowe Price Financials ETF) are both Financials Equities funds. IAT is passively managed, while TFNS is actively managed. A 0.78 correlation means they provide meaningful diversification when combined. IAT charges 0.42%/yr vs 0.44%/yr for TFNS.

Performance

IAT vs. TFNS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Regional Banks ETF (IAT) and T. Rowe Price Financials ETF (TFNS). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IAT achieves a 2.80% return, which is significantly higher than TFNS's -5.36% return.

IAT

1D
-1.71%
1M
-1.74%
YTD
2.80%
6M
7.09%
1Y
22.99%
3Y*
22.20%
5Y*
1.35%
10Y*
7.95%

TFNS

1D
-1.39%
1M
-1.27%
YTD
-5.36%
6M
-2.12%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IAT vs. TFNS - Yearly Performance Comparison

2026 (YTD)2025
IAT
iShares U.S. Regional Banks ETF		2.80%19.22%
TFNS
T. Rowe Price Financials ETF		-5.36%10.41%

Correlation

The correlation between IAT and TFNS is 0.78, 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 Jun 13, 2025

0.78

IAT vs. TFNS - Sectors Allocation Comparison

Sectors
IAT
TFNS

Financial Services

100.0%
97.1%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

0.9%

Real Estate

-

-

Technology

-

1.9%

Utilities

-

-

Financial Services

IAT
100.0%
TFNS
97.1%

Basic Materials

IAT

-

TFNS

-

Communication Services

IAT

-

TFNS

-

Consumer Cyclical

IAT

-

TFNS

-

Consumer Defensive

IAT

-

TFNS

-

Energy

IAT

-

TFNS

-

Healthcare

IAT

-

TFNS

-

Industrials

IAT

-

TFNS
0.9%

Real Estate

IAT

-

TFNS

-

Technology

IAT

-

TFNS
1.9%

Utilities

IAT

-

TFNS

-

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. Regional Banks ETF

T. Rowe Price Financials ETF

Often compared with IAT:
IAT vs. KREIAT vs. KCEIAT vs. MTBIAT vs. PKWIAT vs. XLFIAT vs. JPMIAT vs. SPY
Often compared with TFNS:
TFNS vs. PRISXTFNS vs. KBWBTFNS vs. VFHTFNS vs. FNCLTFNS vs. XLFTFNS vs. KBWDTFNS vs. FXO

Return for Risk

IAT vs. TFNS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAT
IAT Risk / Return Rank: 2727
Overall Rank
IAT Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
IAT Sortino Ratio Rank: 2828
Sortino Ratio Rank
IAT Omega Ratio Rank: 2929
Omega Ratio Rank
IAT Calmar Ratio Rank: 2727
Calmar Ratio Rank
IAT Martin Ratio Rank: 2525
Martin Ratio Rank
TFNS
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.

IAT vs. TFNS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Regional Banks ETF (IAT) and T. Rowe Price Financials ETF (TFNS). 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.

IATTFNSDifference
Sharpe ratioReturn per unit of total volatility
1.06

—

—

Sortino ratioReturn per unit of downside risk
1.52

—

—

Omega ratioGain probability vs. loss probability

1.20

—

—

Calmar ratioReturn relative to maximum drawdown

1.32

—

—

Martin ratioReturn relative to average drawdown

3.38

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IAT vs. TFNS - Sharpe Ratio Comparison

Loading charts...

Sharpe Ratios by Period

IATTFNSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.06

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.05

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.26

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.10

0.31

-0.21

Drawdowns

IAT vs. TFNS - Drawdown Comparison

The maximum IAT drawdown since its inception was -77.22%, which is greater than TFNS's maximum drawdown of -14.00%. Use the drawdown chart below to compare losses from any high point for IAT and TFNS.

Loading charts...

Drawdown Indicators

IATTFNSDifference

Max Drawdown

Largest peak-to-trough decline

-77.22%

-14.00%

-63.22%

Max Drawdown (1Y)

Largest decline over 1 year

-17.49%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-29.29%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-55.55%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-55.55%

—

—

Current Drawdown

Current decline from peak

-9.75%

-8.00%

-1.75%

Average Drawdown

Average peak-to-trough decline

-26.97%

-3.82%

-23.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.81%

—

—

Volatility

IAT vs. TFNS - Volatility Comparison

Loading charts...

Volatility by Period

IATTFNSDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.12%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

15.74%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

21.86%

15.04%

+6.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.03%

15.04%

+13.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.78%

15.04%

+15.74%

IAT vs. TFNS - Expense Ratio Comparison

IAT has a 0.42% expense ratio, which is lower than TFNS's 0.44% expense ratio.

Dividends

IAT vs. TFNS - Dividend Comparison

IAT's dividend yield for the trailing twelve months is around 2.88%, more than TFNS's 0.52% yield.

PositionTTM20252024202320222021202020192018201720162015
IAT
iShares U.S. Regional Banks ETF		2.88%2.94%2.95%3.56%3.12%1.88%2.87%2.49%2.48%1.55%1.52%1.78%
TFNS
T. Rowe Price Financials ETF		0.52%0.49%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IAT and TFNS have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IAT is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IAT is cheaper with a 0.42% expense ratio, compared with 0.44% for TFNS.

IAT has the higher dividend yield at 2.88%, compared with 0.52% for TFNS.

They also come from different issuers: iShares and T. Rowe Price. Their fees differ too: 0.42% for IAT and 0.44% for TFNS.

Portfolio Optimizer

Find the right allocation for IAT and TFNS

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer