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IAT vs. XLFI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAT vs. XLFI

Last updated Jul 14, 2026
Documentation

IAT (iShares U.S. Regional Banks ETF) and XLFI (State Street Financial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - IAT is a Financials Equities fund tracking the Dow Jones U.S. Select Regional Banks Index, while XLFI is a Derivative Income fund actively managed by State Street. IAT is passively managed, while XLFI is actively managed. A 0.72 correlation means they provide meaningful diversification when combined. IAT charges 0.42%/yr vs 0.35%/yr for XLFI.

Performance

IAT vs. XLFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Regional Banks ETF (IAT) 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, IAT achieves a 16.18% return, which is significantly higher than XLFI's 1.85% return.

IAT

1D
0.08%
1M
3.80%
6M
13.12%
YTD
16.18%
1Y
24.86%
3Y*
25.36%
5Y*
5.44%
10Y*
9.50%

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)

IAT vs. XLFI - Yearly Performance Comparison

2026 (YTD)2025
IAT
iShares U.S. Regional Banks ETF		16.18%9.36%
XLFI
State Street Financial Select Sector SPDR Premium Income ETF		1.85%5.40%

Correlation

The correlation between IAT and XLFI is 0.72, 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

0.72

IAT vs. XLFI - Sectors Allocation Comparison

Sectors
IAT
XLFI

Financial Services

100.0%
99.9%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

IAT
100.0%
XLFI
99.9%

Basic Materials

IAT

-

XLFI

-

Communication Services

IAT

-

XLFI

-

Consumer Cyclical

IAT

-

XLFI

-

Consumer Defensive

IAT

-

XLFI

-

Energy

IAT

-

XLFI

-

Healthcare

IAT

-

XLFI

-

Industrials

IAT

-

XLFI

-

Real Estate

IAT

-

XLFI

-

Technology

IAT

-

XLFI

-

Utilities

IAT

-

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. Regional Banks ETF

State Street Financial Select Sector SPDR Premium Income ETF

Often compared with IAT:
IAT vs. KREIAT vs. KCEIAT vs. MTBIAT vs. PKWIAT vs. XLFIAT vs. JPMIAT vs. SPY
Often compared with XLFI:
XLFI vs. EUFNXLFI vs. PBPXLFI vs. XLFXLFI vs. XLUXLFI vs. CHPYXLFI vs. FYEEXLFI vs. IVVW

Return for Risk

IAT vs. XLFI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAT
IAT Risk / Return Rank: 3636
Overall Rank
IAT Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
IAT Sortino Ratio Rank: 3737
Sortino Ratio Rank
IAT Omega Ratio Rank: 3939
Omega Ratio Rank
IAT Calmar Ratio Rank: 3535
Calmar Ratio Rank
IAT Martin Ratio Rank: 3131
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.

IAT vs. XLFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Regional Banks ETF (IAT) 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.

IATXLFIDifference
Sharpe ratioReturn per unit of total volatility
1.14

—

—

Sortino ratioReturn per unit of downside risk
1.61

—

—

Omega ratioGain probability vs. loss probability

1.21

—

—

Calmar ratioReturn relative to maximum drawdown

1.43

—

—

Martin ratioReturn relative to average drawdown

3.64

—

—

IAT vs. XLFI - Sharpe Ratio Comparison

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Drawdowns

IAT vs. XLFI - Drawdown Comparison

The maximum IAT drawdown since its inception was -77.22%, which is greater than XLFI's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for IAT and XLFI.

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Drawdown Indicators

IATXLFIDifference

Max Drawdown

Largest peak-to-trough decline

-77.22%

-11.89%

-65.33%

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

-0.20%

0.00%

-0.20%

Average Drawdown

Average peak-to-trough decline

-26.84%

-3.17%

-23.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.85%

—

—

Volatility

IAT vs. XLFI - Volatility Comparison

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Volatility by Period

IATXLFIDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.20%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

16.36%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

22.02%

12.02%

+10.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.89%

12.02%

+16.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.67%

12.02%

+18.65%

IAT vs. XLFI - Expense Ratio Comparison

IAT has a 0.42% expense ratio, which is higher than XLFI's 0.35% expense ratio.

Dividends

IAT vs. XLFI - Dividend Comparison

IAT's dividend yield for the trailing twelve months is around 2.55%, less than XLFI's 11.44% yield.

PositionTTM20252024202320222021202020192018201720162015
IAT
iShares U.S. Regional Banks ETF		2.55%2.94%2.95%3.56%3.12%1.88%2.87%2.49%2.48%1.55%1.52%1.78%
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

IAT and XLFI have a correlation of 0.72, 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 0.42% for IAT.

XLFI has the higher dividend yield at 11.44%, compared with 2.55% for IAT.

IAT is categorized as Financials Equities, while XLFI is Derivative Income. They also come from different issuers: iShares and State Street. Their fees differ too: 0.42% for IAT and 0.35% for XLFI.

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