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IAT vs. XLFI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAT vs. XLFI

Last updated Aug 4, 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. Over the past year, IAT returned 34.96% vs 12.57% for XLFI. Their 0.72 correlation means they have sometimes moved together and sometimes differently. 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 17.93% return, which is significantly higher than XLFI's 4.34% return.

IAT

1D
1.19%
1M
2.49%
6M
9.97%
YTD
17.93%
1Y
34.96%
3Y*
22.54%
5Y*
6.16%
10Y*
9.38%
ALL TIME*
3.84%

XLFI

1D
1.13%
1M
3.25%
6M
5.06%
YTD
4.34%
1Y
12.57%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
9.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IAT

iShares U.S. Regional Banks ETF
$7.95M$9.88M$9.64M

XLFI

State Street Financial Select Sector SPDR Premium Income ETF
$182.20K$220.07K$173.47K

IAT vs. XLFI - Yearly Performance Comparison

2026 (YTD)2025
IAT
iShares U.S. Regional Banks ETF		17.93%9.36%
XLFI
State Street Financial Select Sector SPDR Premium Income ETF		4.34%5.40%

Correlation

The correlation between IAT and XLFI is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.71

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

0.72

The correlation between IAT and XLFI has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.

IAT vs. XLFI - Sectors Allocation Comparison

Sectors
IAT
XLFI

Financial Services

100.0%
100.4%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

IAT
100.0%
XLFI
100.4%

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

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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. XLFXLFI vs. EUFNXLFI vs. PBPXLFI vs. KREXLFI vs. FXOXLFI vs. IVVWXLFI vs. IYF

Return for Risk

IAT vs. XLFI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IAT
IAT Risk / Return Rank: 5959
Overall Rank
IAT Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IAT Sortino Ratio Rank: 6262
Sortino Ratio Rank
IAT Omega Ratio Rank: 6565
Omega Ratio Rank
IAT Calmar Ratio Rank: 5454
Calmar Ratio Rank
IAT Martin Ratio Rank: 4545
Martin Ratio Rank
XLFI
XLFI Risk / Return Rank: 3535
Overall Rank
XLFI Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
XLFI Sortino Ratio Rank: 3636
Sortino Ratio Rank
XLFI Omega Ratio Rank: 3838
Omega Ratio Rank
XLFI Calmar Ratio Rank: 3030
Calmar Ratio Rank
XLFI Martin Ratio Rank: 3131
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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
1.61
1.07

+0.54

Sortino ratioReturn per unit of downside risk
2.17
1.45

+0.72

Omega ratioGain probability vs. loss probability

1.29

1.20

+0.09

Calmar ratioReturn relative to maximum drawdown

2.01

1.06

+0.95

Martin ratioReturn relative to average drawdown

5.18

2.98

+2.19

IAT vs. XLFI - Sharpe Ratio Comparison

The current IAT Sharpe Ratio is 1.61, which is higher than the XLFI Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of IAT and XLFI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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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%

-11.89%

-5.60%

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

-1.37%

0.00%

-1.37%

Average Drawdown

Average peak-to-trough decline

-26.77%

-3.01%

-23.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.77%

4.22%

+2.55%

Volatility

IAT vs. XLFI - Volatility Comparison

iShares U.S. Regional Banks ETF (IAT) has a higher volatility of 5.50% compared to State Street Financial Select Sector SPDR Premium Income ETF (XLFI) at 2.84%. This indicates that IAT's price experiences larger fluctuations and is considered to be riskier than XLFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IATXLFIDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.50%

2.84%

+2.66%

Volatility (6M)

Calculated over the trailing 6-month period

16.05%

9.14%

+6.91%

Volatility (1Y)

Calculated over the trailing 1-year period

21.84%

11.82%

+10.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.76%

11.88%

+16.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.68%

11.88%

+18.80%

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 2.51%, less than XLFI's 12.13% yield.

PositionTTM20252024202320222021202020192018201720162015
IAT
iShares U.S. Regional Banks ETF		2.51%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		12.13%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 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IAT has higher volatility (5.50%) compared to XLFI (2.84%). In terms of maximum drawdown, IAT dropped -77.22% vs XLFI's -11.89%.

On 1-year performance, IAT leads with 34.96% vs 12.57% for XLFI. On fees, XLFI is cheaper at 0.35% per year. On volatility, XLFI has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, IAT has performed better with a 34.96% return vs 12.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XLFI is cheaper with a 0.35% expense ratio, compared with 0.42% for IAT.

XLFI has the higher dividend yield at 12.13%, compared with 2.51% 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.

IAT currently has the higher Sharpe Ratio (1.61 vs 1.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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