Tearsheet

iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI)

Market Price (7/10/2026): $188.17

iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI)

Market Price (7/10/2026): $188.17

Key Takeaways

IAI has returned +5.7% YTD vs +10.5% for SPY; +11.6% over the past 12 months (SPY +21.5%). details →
Priced in gold, IAI has returned +3.1% over the past 3 years, vs +117.6% in dollars. details →
Over the past month, IAI has seen net outflows of −$37M (−2.6% of assets). details →
IAI is trading at an all-time high. details →
IAI's top 10 holdings represent 76% of the fund vs 37% for SPY — a more concentrated portfolio. details →

Last updated: 7/9/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with IAI

Risk Tolerance:

ConservativeModerateAggressive

Moderate — 55% equity / 25% bonds / 20% alternatives

10Y Return (ann.)

+14.9%

Volatility

13.5%

Sharpe

0.89

YTD

+3.8%

Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

	ETF	%	1D	1W	1M	YTD
Equity	IAI	25.0%	1.3%	4.1%	4.8%	5.7%
Bond	BND	50.0%	0.2%	-0.3%	0.4%	0.3%
Gold	GLD	10.0%	1.0%	2.0%	-4.8%	-4.6%
Commodity	DBC	2.5%	-0.8%	4.3%	-6.4%	23.3%
Real Estate	VNQ	5.0%	0.3%	0.3%	2.6%	11.9%
Bitcoin	BTCUSD	0.0%	0.3%	4.1%	-1.0%	-28.6%
Cash	GOVT	7.5%	0.1%	-0.2%	0.1%	-0.4%
Conservative Portfolio		100.0%	0.5%	1.2%	0.9%	2.3%

	ETF	%	1D	1W	1M	YTD
Equity	IAI	55.0%	1.3%	4.1%	4.8%	5.7%
Bond	BND	25.0%	0.2%	-0.3%	0.4%	0.3%
Gold	GLD	7.0%	1.0%	2.0%	-4.8%	-4.6%
Commodity	DBC	4.0%	-0.8%	4.3%	-6.4%	23.3%
Real Estate	VNQ	5.0%	0.3%	0.3%	2.6%	11.9%
Bitcoin	BTCUSD	2.0%	0.3%	4.1%	-1.0%	-28.6%
Cash	GOVT	2.0%	0.1%	-0.2%	0.1%	-0.4%
Moderate Portfolio		100.0%	0.8%	2.6%	2.3%	3.8%

	ETF	%	1D	1W	1M	YTD
Equity	IAI	80.0%	1.3%	4.1%	4.8%	5.7%
Bond	BND	5.0%	0.2%	-0.3%	0.4%	0.3%
Gold	GLD	3.0%	1.0%	2.0%	-4.8%	-4.6%
Commodity	DBC	2.2%	-0.8%	4.3%	-6.4%	23.3%
Real Estate	VNQ	4.5%	0.3%	0.3%	2.6%	11.9%
Bitcoin	BTCUSD	5.2%	0.3%	4.1%	-1.0%	-28.6%
Cash	GOVT	0.0%	0.1%	-0.2%	0.1%	-0.4%
Aggressive Portfolio		100.0%	1.1%	3.7%	3.7%	4.0%

	ETF	%	Return	Volatility	Sharpe
Equity	IAI	25.0%	20.3%	21.0%	0.86
Bond	BND	50.0%	1.5%	5.1%	-0.23
Gold	GLD	10.0%	11.7%	15.0%	0.62
Commodity	DBC	2.5%	6.1%	17.0%	0.27
Real Estate	VNQ	5.0%	5.2%	17.5%	0.23
Bitcoin	BTCUSD	0.0%	57.9%	76.0%	0.91
Cash	GOVT	7.5%	0.4%	4.9%	-0.46
Conservative Portfolio		100.0%	7.8%	7.8%	0.65

	ETF	%	Return	Volatility	Sharpe
Equity	IAI	55.0%	20.3%	21.0%	0.86
Bond	BND	25.0%	1.5%	5.1%	-0.23
Gold	GLD	7.0%	11.7%	15.0%	0.62
Commodity	DBC	4.0%	6.1%	17.0%	0.27
Real Estate	VNQ	5.0%	5.2%	17.5%	0.23
Bitcoin	BTCUSD	2.0%	57.9%	76.0%	0.91
Cash	GOVT	2.0%	0.4%	4.9%	-0.46
Moderate Portfolio		100.0%	14.9%	13.5%	0.89

	ETF	%	Return	Volatility	Sharpe
Equity	IAI	80.0%	20.3%	21.0%	0.86
Bond	BND	5.0%	1.5%	5.1%	-0.23
Gold	GLD	3.0%	11.7%	15.0%	0.62
Commodity	DBC	2.2%	6.1%	17.0%	0.27
Real Estate	VNQ	4.5%	5.2%	17.5%	0.23
Bitcoin	BTCUSD	5.2%	57.9%	76.0%	0.91
Cash	GOVT	0.0%	0.4%	4.9%	-0.46
Aggressive Portfolio		100.0%	21.5%	19.2%	0.97

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	IAI	25.0%	-20.9%	-37.6%	-18.8%
Bond	BND	50.0%	-14.2%	-2.2%	1.3%
Gold	GLD	10.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.5%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	0.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	7.5%	-12.4%	4.4%	1.6%
Conservative Portfolio		100.0%	-15.0%	-13.5%	-4.4%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	IAI	55.0%	-20.9%	-37.6%	-18.8%
Bond	BND	25.0%	-14.2%	-2.2%	1.3%
Gold	GLD	7.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	4.0%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	2.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	2.0%	-12.4%	4.4%	1.6%
Moderate Portfolio		100.0%	-17.6%	-25.3%	-11.6%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	IAI	80.0%	-20.9%	-37.6%	-18.8%
Bond	BND	5.0%	-14.2%	-2.2%	1.3%
Gold	GLD	3.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.2%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	4.5%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	5.2%	-56.0%	-33.5%	-37.4%
Cash	GOVT	0.0%	-12.4%	4.4%	1.6%
Aggressive Portfolio		100.0%	-21.5%	-34.6%	-17.7%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

Learn More →

Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance

Learn More →

Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Valuation & Yield

	Forward [4,5]	Now	Historical (CYE & TTM)
	7/31/27	7/10/26	2025	2024	2023	2022	2021
Share Price CYE		$188.72	$178.61	$141.98	$105.66	$91.67	$102.84
Dividend/Share TTM		$1.57	$1.70	$1.51	$1.95	$2.06	$1.45
Valuation [1]
P/S	4.59	3.07	3.14	2.99	3.03	2.67	3.48
P/E		21.71	22.63	22.08	25.50	19.70	16.62
P/E (Non-GAAP) [2]	18.36	20.68	22.05	23.20	21.08	18.09	21.10
P/FCF		49.44	554.37	43.74	—	37.74	15.40
Yields TTM
Earnings Yield	5.45%	4.61%	4.42%	4.53%	3.92%	5.08%	6.02%
Dividend Yield	0.83%	0.83%	0.95%	1.07%	1.85%	2.24%	1.41%
Total Yield (TY)	6.28%	5.44%	5.37%	5.59%	5.77%	7.32%	7.42%
Risk Premium [3]
Risk Free Rate (Rf)	4.56%	4.56%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	1.72%	0.88%	1.19%	1.01%	1.89%	3.44%	5.90%
Growth Rates [6]
Sales Growth	8.7%	4.7%	20.0%	30.1%	3.8%	0.3%
Earnings Growth [7]	11.6%	6.2%	18.4%	51.7%	-3.2%	-37.1%

[1] P/E uses the aggregate method over profitable constituents; P/FCF aggregates net free cash flow across all constituents (negative-FCF names reduce it); P/S uses all constituents. Ratios reflect current ETF holdings at current weights. P/FCF has no Forward column (no analyst FCF estimate).
[2] P/E (Non-GAAP) uses analyst consensus net income (adjusted basis) for all periods. The standard P/E row above uses GAAP net income.
[3] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.
Show more

Highlights

YIELD

IAI's earnings yield is 4.61%, based on its 21.7x trailing P/E. With a 0.83% dividend yield, IAI is yielding 5.44% in total.

RISK

Compared to US Treasuries at 4.56%, IAI's total yield implies a modest 0.88% risk premium. Modest risk premiums suggest valuations are on the full side.

FORWARD EXPECTATIONS

Based on analyst estimates, IAI's forward total yield is 6.28%, implying a 1.72% risk premium assuming stable Treasury rates.

Top 20 Holdings for IAI

Total Weights
Top 5: 55.6% | Top 10: 75.8% | Top 20: 94.6%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		99.72%	100.00%	100.00%	4.6	18.4	+8.7%	+11.6%
Top 20		94.60%	55.20%	93.84%	4.9	18.7	+8.6%	+11.3%
GS	Goldman Sachs	19.76%	11.46%	24.22%	4.8	15.6	+5.1%	+10.3%
MS	Morgan Stanley	16.82%	10.27%	19.13%	4.3	17.8	+5.7%	-0.9%
SCHW	Charles Schwab	8.61%	3.70%	9.93%	6.2	15.8	+10.8%	+5.4%
HOOD	Robinhood Markets	5.69%	0.78%	2.27%	17.9	50.1	+24.6%	+35.6%
MCO	Moodys	4.74%	1.33%	2.99%	10.0	26.9	+7.6%	+11.4%
SPGI	S&P Global	4.49%	1.69%	3.63%	7.5	21.1	+7.3%	+12.0%
ICE	Intercontinental Exchange	4.13%	2.17%	4.61%	6.8	15.4	+5.1%	+4.8%
MSCI	MSCI	3.99%	0.90%	2.59%	12.1	26.8	+8.8%	+14.9%
CME	CME	3.91%	0.94%	4.22%	11.9	19.4	+4.7%	+3.9%
IBKR	Interactive Brokers	3.70%	2.83%	1.97%	5.6	34.5	+13.1%	+15.9%
NDAQ	Nasdaq	3.44%	1.77%	2.88%	8.2	24.6	+8.5%	+9.0%
COIN	Coinbase Global	3.34%	1.61%	1.39%	6.0	44.0	+24.6%	+966.2%
RJF	Raymond James Financial	2.56%	3.45%	3.62%	2.0	11.7	+9.4%	+19.2%
CBOE	Cboe Global Markets	2.37%	1.25%	2.27%	9.8	20.3	+4.1%	+2.9%
LPLA	LPL Financial	2.14%	4.83%	1.68%	1.1	12.0	+13.5%	+27.2%
EVR	Evercore	1.21%	1.28%	1.49%	2.6	13.7	+15.0%	+20.8%
TW	Tradeweb Markets	1.08%	0.35%	0.99%	8.2	23.5	+11.3%	+15.3%
SF	Stifel Financial	1.02%	1.51%	1.66%	1.9	15.8	+9.0%	+11.9%
FDS	FactSet Research Systems	0.83%	0.68%	1.18%	3.4	12.0	+5.8%	+10.2%
JEF	Jefferies Financial	0.78%	2.38%	1.11%	1.2	10.8	+10.0%	+33.0%

[1] Total and Top 20 rows are weighted aggregates across constituents.
[2] Forward P/S and P/E ratios use consensus sales and earnings for the 12 months ending 7/31/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 7/31/27.
[3] Forward Sales and Non-GAAP Earnings Growth are calculated as next fiscal year (FY2) consensus growth over current fiscal year (FY1) consensus. They are not derived from the forward P/S and P/E multiples shown.

Performance for IAI Top Holdings

Ticker	Holding	Weight	Mkt Price 7/9	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
IAI	iShares U.S. Broker-Dealers & Securities Exchanges ETF	100.00%	188.72	1.3%	4.7%	5.7%	11.6%	117.6%	102.4%	499.1%
GS	Goldman Sachs	19.76%	1,055.97	2.6%	2.3%	21.3%	54.6%	258.0%	220.6%	752.4%
MS	Morgan Stanley	16.82%	222.13	1.9%	5.7%	26.5%	60.7%	193.1%	188.9%	1,013.8%
SCHW	Charles Schwab	8.61%	101.91	0.2%	14.8%	2.7%	11.8%	83.8%	54.8%	350.3%
HOOD	Robinhood Markets	5.69%	115.11	1.4%	37.4%	1.8%	21.8%	926.9%
MCO	Moodys	4.74%	487.02	0.4%	8.2%	-4.2%	-2.2%	45.9%	35.6%	448.9%
SPGI	S&P Global	4.49%	432.96	0.5%	1.9%	-16.8%	-17.4%	11.3%	8.9%	330.6%
ICE	Intercontinental Exchange	4.13%	135.11	-1.5%	-4.2%	-16.0%	-24.9%	24.0%	21.2%	197.5%
MSCI	MSCI	3.99%	603.35	-0.1%	-0.7%	6.0%	5.2%	30.3%	13.8%	748.6%
CME	CME	3.91%	239.71	-1.4%	-6.3%	-9.7%	-9.7%	50.3%	41.1%	254.8%
IBKR	Interactive Brokers	3.70%	95.28	2.0%	10.4%	48.5%	65.5%	352.8%	499.8%	1,035.2%
NDAQ	Nasdaq	3.44%	87.52	3.7%	0.4%	-9.3%	-1.3%	85.8%	59.9%	363.2%
COIN	Coinbase Global	3.34%	158.44	-0.6%	1.9%	-29.9%	-57.6%	95.1%	-37.6%
RJF	Raymond James Financial	2.56%	168.72	2.0%	11.9%	6.2%	7.8%	69.3%	106.0%	485.3%
CBOE	Cboe Global Markets	2.37%	267.85	1.1%	-7.8%	7.2%	16.6%	103.9%	141.0%	349.3%
LPLA	LPL Financial	2.14%	311.47	3.5%	8.0%	-12.6%	-17.9%	42.7%	131.3%	1,403.6%
EVR	Evercore	1.21%	339.75	2.6%	-4.9%	0.4%	17.0%	193.6%	175.3%	804.2%
TW	Tradeweb Markets	1.08%	97.12	-2.7%	-2.6%	-9.5%	-28.6%	49.5%	13.9%
SF	Stifel Financial	1.02%	75.74	3.3%	6.1%	-8.4%	6.5%	101.1%	90.5%	522.2%
FDS	FactSet Research Systems	0.83%	241.90	-2.4%	-1.7%	-15.8%	-45.1%	-36.6%	-25.7%	66.4%
JEF	Jefferies Financial	0.78%	52.46	2.7%	-11.1%	-14.1%	-1.3%	73.0%	101.4%	341.3%

Guidance Updates for IAI Top Holdings

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
IAI Return	40%	-11%	15%	34%	26%	4%	154%
Peers Return	41%	-13%	14%	27%	34%	4%	148%
S&P 500 Return	27%	-19%	24%	23%	16%	9%	99%
Monthly Win Rates [3]
IAI Win Rate	75%	33%	50%	75%	67%	57%
Peers Win Rate	60%	48%	55%	57%	65%	51%
S&P 500 Win Rate	75%	42%	67%	75%	67%	43%
Max Drawdowns [4]
IAI Max Drawdown	-9%	-28%	-18%	-7%	-23%	-17%
Peers Max Drawdown	-13%	-33%	-23%	-13%	-22%	-24%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: GS, MS, SCHW, ICE, CME.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/9/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
IAI	0.19	1.05	0.52
Equity Top Results (3Y)
NUSC	2.47	2.47	2.47
IALT	2.09	2.09	2.09
SPMO	1.67	1.65	0.98
VLUE	2.90	1.45	0.74
SMH	2.40	1.41	0.98

Results as of 6302026.

Event	IAI	S&P 500
2025 US Tariff Shock
% Loss	-23.1%	-18.8%
% Gain to Breakeven	30.0%	23.1%
Time to Breakeven	71 days	79 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-13.2%	-9.5%
% Gain to Breakeven	15.2%	10.5%
Time to Breakeven	34 days	24 days
2023 SVB Regional Banking Crisis
% Loss	-17.4%	-6.7%
% Gain to Breakeven	21.0%	7.1%
Time to Breakeven	223 days	31 days
2022 Inflation Shock & Fed Tightening
% Loss	-26.1%	-24.5%
% Gain to Breakeven	35.3%	32.4%
Time to Breakeven	553 days	427 days
2020 COVID-19 Crash
% Loss	-40.1%	-33.7%
% Gain to Breakeven	66.8%	50.9%
Time to Breakeven	239 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-16.0%	-19.2%
% Gain to Breakeven	19.0%	23.8%
Time to Breakeven	109 days	105 days

Compare to GS, MS, SCHW, ICE, CME

In The Past

iShares U.S. Broker-Dealers & Securities Exchanges ETF's stock fell -23.1% during the 2025 US Tariff Shock. Such a loss loss requires a 30.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	IAI	S&P 500
2025 US Tariff Shock
% Loss	-23.1%	-18.8%
% Gain to Breakeven	30.0%	23.1%
Time to Breakeven	71 days	79 days
2022 Inflation Shock & Fed Tightening
% Loss	-26.1%	-24.5%
% Gain to Breakeven	35.3%	32.4%
Time to Breakeven	553 days	427 days
2020 COVID-19 Crash
% Loss	-40.1%	-33.7%
% Gain to Breakeven	66.8%	50.9%
Time to Breakeven	239 days	140 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-23.1%	-12.2%
% Gain to Breakeven	30.1%	13.9%
Time to Breakeven	272 days	62 days
2011 US Debt Ceiling Crisis & European Contagion
% Loss	-29.2%	-17.9%
% Gain to Breakeven	41.3%	21.8%
Time to Breakeven	477 days	123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
% Loss	-20.3%	-15.4%
% Gain to Breakeven	25.5%	18.2%
Time to Breakeven	181 days	125 days
2008-2009 Global Financial Crisis
% Loss	-72.7%	-53.4%
% Gain to Breakeven	266.9%	114.4%
Time to Breakeven	2912 days	1085 days

Compare to GS, MS, SCHW, ICE, CME

In The Past

iShares U.S. Broker-Dealers & Securities Exchanges ETF's stock fell -23.1% during the 2025 US Tariff Shock. Such a loss loss requires a 30.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

IAI Dip Buy History

IAI had 22 events since 5/5/2006 where the dip threshold of -5.0% within 60 days was triggered

21% median peak return within 1 year of dip event
254 days is the median time to peak return after a dip event
-14% median max drawdown within 1 year of dip event

60 Day Dip			IAI Subsequent Performance
Date	IAI	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			12%	21%	-14%	254
3062026	-6%	-1%	12%	13%	-6%	122
3062025	-6%	-5%	14%	34%	-15%	315
10122023	-6%	-4%	51%	49%	-6%	365
3102023	-9%	-3%	27%	27%	-5%	364
1182022	-6%	1%	-4%	8%	-22%	22
2282020	-6%	-4%	49%	49%	-32%	362
10022019	-6%	-3%	5%	20%	-28%	141
8102018	-5%	4%	-0%	5%	-18%	347
5122017	-6%	2%	37%	41%	-3%	304
6272016	-10%	-3%	58%	59%	0%	247
1132016	-8%	-7%	43%	44%	-8%	359
8212015	-8%	-7%	3%	9%	-17%	105
4072014	-6%	1%	19%	22%	-3%	344
5082012	-5%	2%	33%	32%	-11%	311
5062011	-5%	2%	-22%	1%	-34%	4
6012010	-8%	-5%	11%	23%	-9%	262
12102009	-7%	4%	6%	11%	-13%	126
12272007	-6%	-4%	-63%	1%	-72%	4
7262007	-6%	-0%	-35%	9%	-44%	75
5162007	-5%	4%	-22%	6%	-37%	30
3052007	-6%	-2%	-18%	14%	-18%	102
8012006	-12%	-4%	13%	30%	-1%	318

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 7/9/2026

IAI had 16 events since 5/5/2006 where the dip threshold of -10% within 90 days was triggered

21% median peak return within 1 year of dip event
314 days is the median time to peak return after a dip event
-11% median max drawdown within 1 year of dip event

90 Day Dip			IAI Subsequent Performance
Date	IAI	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			13%	21%	-11%	314
4032025	-10%	-9%	30%	43%	-9%	287
5162023	-10%	9%	39%	40%	-1%	365
3232023	-11%	0%	31%	33%	-3%	364
3012022	-11%	-5%	3%	7%	-18%	351
3092020	-11%	-9%	68%	68%	-24%	365
10112018	-11%	-0%	6%	13%	-12%	342
1152016	-11%	-4%	42%	46%	-7%	357
9222015	-10%	-8%	10%	12%	-15%	73
6012012	-11%	-2%	48%	54%	-2%	363
6062011	-11%	-0%	-21%	3%	-28%	25
6302010	-10%	-6%	13%	33%	-2%	233
5202010	-11%	-6%	12%	24%	-9%	274
1292010	-11%	1%	15%	18%	-10%	350
1172008	-10%	-8%	-58%	13%	-67%	15
10192007	-10%	-1%	-52%	7%	-60%	12
8142007	-12%	-0%	-30%	17%	-40%	56

[1] Dip event defined as first instance dip threshold is triggered within a 90-day time period.
[2] Analysis for period from 1/1/2005 to 7/9/2026

IAI had 9 events since 5/5/2006 where the dip threshold of -20% within 180 days was triggered

25% median peak return within 1 year of dip event
231 days is the median time to peak return after a dip event
-4.2% median max drawdown within 1 year of dip event

180 Day Dip			IAI Subsequent Performance
Date	IAI	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			6%	25%	-4%	231
9232022	-20%	-21%	6%	21%	-2%	145
5112022	-20%	-11%	4%	25%	-4%	280
3122020	-20%	-14%	101%	101%	-13%	365
4082016	-20%	-2%	45%	53%	-4%	327
2082016	-21%	-12%	56%	56%	-3%	365
8082011	-20%	-5%	0%	24%	-11%	231
7022010	-23%	-5%	17%	35%	-1%	231
5212008	-21%	-5%	-38%	1%	-64%	8
1172008	-21%	-9%	-58%	13%	-67%	15

[1] Dip event defined as first instance dip threshold is triggered within a 180-day time period.
[2] Analysis for period from 1/1/2005 to 7/9/2026

Get Notified
Alerts when dip buy opportunities arise.

Notify Me →

Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
MAGS	Roundhill Magnificent Seven ETF	-5.9%	66.76	7092026	70.94	5142026	56
AKRE	Akre Focus ETF	-16.9%	54.78	7092026	65.92	1112026	179
VSS	Vanguard FTSE All-World EX-US Small-Cap Index Fund	-5.2%	153.33	7092026	161.79	5112026	59
SCHC	Schwab International Small-Cap Equity ETF	-6.9%	47.99	7092026	51.54	3012026	130
IEMG	iShares Core MSCI Emerging Markets ETF	-5.8%	81.02	7092026	86.00	6222026	17
EEM	iShares MSCI Emerging Markets ETF	-6.2%	66.78	7092026	71.21	6222026	17
FNDE	Schwab Fundamental Emerging Markets Equity ETF	-5.1%	40.17	7092026	42.35	6022026	37
EWY	iShares MSCI South Korea ETF	-15.7%	184.75	7092026	219.20	6212026	18
EWZ	iShares MSCI Brazil ETF	-16.2%	34.96	7092026	41.73	4142026	86
FXI	iShares China Large-Cap ETF	-18.1%	33.41	7092026	40.78	1292026	161
ILF	iShares Latin America 40 ETF	-11.2%	33.82	7092026	38.10	4142026	86
KWEB	KraneShares CSI China Internet ETF	-29.7%	26.48	7092026	37.66	1122026	178
SCHY	Schwab International Dividend Equity ETF	-5.0%	32.03	7092026	33.73	3012026	130
MTUM	iShares MSCI USA Momentum Factor ETF	-7.0%	321.20	7092026	345.22	6222026	17
SPMO	Invesco S&P 500 Momentum ETF	-5.3%	153.08	7092026	161.66	6222026	17
URA	Global X Uranium ETF	-31.5%	42.35	7092026	61.81	1282026	162
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-12.0%	36.63	7092026	41.63	5132026	57
ROBO	ROBO Global Robotics & Automation Index ETF	-8.6%	82.59	7092026	90.34	6022026	37
LIT	Global X Lithium & Battery Tech ETF	-20.5%	72.82	7092026	91.62	5112026	59
ICLN	iShares Global Clean Energy ETF	-18.6%	19.33	7092026	23.75	6022026	37
ARKQ	ARK Autonomous Technology & Robotics ETF	-13.3%	124.70	7092026	143.82	5282026	42
ARKX	ARK Space & Defense Innovation ETF	-14.4%	32.31	7092026	37.74	5282026	42
NASA	Tema Space Innovators ETF	-36.3%	26.69	7092026	41.89	5272026	43
AGIX	KraneShares Artificial Intelligence ETF	-7.5%	45.69	7092026	49.40	6012026	38
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-10.7%	62.84	7092026	70.39	5112026	59
RAAX	VanEck Real Assets ETF	-7.3%	39.58	7092026	42.70	5112026	59
VGT	Vanguard Information Technology ETF	-6.3%	117.71	7092026	125.62	6022026	37
XLK	State Street Technology Select Sector SPDR ETF	-6.5%	185.35	7092026	198.21	6022026	37
XLE	State Street Energy Select Sector SPDR ETF	-12.4%	54.82	7092026	62.56	3292026	102
XLC	State Street Communication Services Select Sector SPDR ETF	-7.7%	110.51	7092026	119.70	2012026	158
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-6.0%	116.85	7092026	124.27	1122026	178
XLP	State Street Consumer Staples Select Sector SPDR ETF	-7.0%	83.20	7092026	89.51	3012026	130
XLB	State Street Materials Select Sector SPDR ETF	-5.8%	50.26	7092026	53.38	2112026	148
IYM	iShares U.S. Basic Materials ETF	-6.4%	177.01	7092026	189.08	3022026	129
FXN	First Trust Energy AlphaDEX Fund	-10.9%	20.65	7092026	23.18	3292026	102
SMH	VanEck Semiconductor ETF	-9.1%	607.73	7092026	668.91	6222026	17
SOXX	iShares Semiconductor ETF	-11.2%	581.70	7092026	655.01	6222026	17
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-15.3%	159.46	7092026	188.18	3292026	102
IGV	iShares Expanded Tech-Software Sector ETF	-12.8%	93.88	7092026	107.70	6012026	38
MISL	First Trust Indxx Aerospace & Defense ETF	-12.2%	44.78	7092026	50.98	1192026	171
RING	iShares MSCI Global Gold Miners ETF	-34.5%	65.15	7092026	99.42	3012026	130
SOXQ	Invesco PHLX Semiconductor ETF	-11.4%	101.97	7092026	115.11	6222026	17
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	-6.0%	21.52	7092026	22.90	2162026	143
IGOV	iShares International Treasury Bond ETF	-5.2%	40.75	7092026	42.99	3012026	130
TLT	iShares 20+ Year Treasury Bond ETF	-5.6%	84.49	7092026	89.48	3012026	130
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-5.1%	25.71	7092026	27.09	3012026	130
EDV	Vanguard World Funds Extended Duration ETF	-7.8%	62.18	7092026	67.42	3012026	130
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	-13.2%	16.42	7092026	18.91	5122026	58
DBC	Invesco DB Commodity Index Tracking Fund	-13.0%	27.58	7092026	31.69	5122026	58
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-14.0%	31.42	7092026	36.53	5192026	51
GSG	iShares GSCI Commodity	-5.8%	30.01	7092026	31.85	3182026	113
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	-11.3%	22.99	7092026	25.91	5122026	58
FTGC	First Trust Global Tactical Commodity Strategy Fund	-8.1%	28.05	7092026	30.53	5122026	58
HGER	Harbor Commodity All-Weather Strategy ETF	-7.9%	30.83	7092026	33.47	5122026	58
GLD	SPDR Gold Trust	-23.7%	378.18	7092026	495.90	1292026	161
IAU	iShares Gold Trust	-23.7%	77.51	7092026	101.57	1292026	161
GLDM	SPDR Gold MiniShares Trust	-23.6%	81.54	7092026	106.77	1292026	161
SGOL	ETFS Physical Swiss Gold Shares	-13.1%	44.66	7092026	51.41	1292026	161
BAR	Direxion Daily Gold Bull 3X Shares	-16.6%	44.34	7092026	53.16	1292026	161
SLV	iShares Silver Trust	-48.7%	54.14	7092026	105.60	1282026	162
SIVR	ETFS Physical Silver Shares Trust ETF	-24.8%	83.39	7092026	110.87	1282026	162
PPLT	ETFS Physical Platinum Shares	-42.0%	14.62	7092026	25.23	1252026	165
CPER	United States Copper Index Fund ETV	-13.9%	33.33	7092026	38.71	1292026	161
PALL	ETFS Physical Palladium Shares	-38.9%	22.70	7092026	37.18	1282026	162
USO	United States Oil Fund LP	-28.7%	109.01	7092026	152.96	5192026	51
UNG	United States Natural Gas Fund LP	-35.9%	10.83	7092026	16.90	2012026	158
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	7092026	60.13	5042026	66
IBIT	iShares Bitcoin Trust ETF	-35.4%	35.81	7092026	55.44	1142026	176
FBTC	Fidelity Wise Origin Bitcoin Fund	-35.4%	54.96	7092026	85.12	1142026	176
GBTC	Grayscale Bitcoin Trust ETF	-19.0%	61.84	7092026	76.31	1142026	176
ETHA	iShares Ethereum Trust ETF	-48.5%	13.19	7092026	25.59	1142026	176

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-07-08

Asset allocation rotation · Past week

Equity ETFs drew the largest net inflows (+$5.8B), followed by Bond (+$4.9B), with every major asset class in net inflows.
Within the mix, money rotated into Industry Subsector (+$6.6B) and out of US Nasdaq Growth (−$6.0B).
Relative to fund size, RAAX drew the largest inflow (+19.1% of AUM) and ASHR the largest outflow (−16.3%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$5.17B	+11.2%
2	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$2.14B	+0.2%
3	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	+$1.47B	+1.8%
4	DRAM	Roundhill Memory ETF	Other	+$1.24B	+5.4%
5	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	+$1.24B	+1.7%
6	EFV	iShares MSCI EAFE Value ETF	Equity International Developed Broad	+$1.06B	+4.1%
7	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$914M	+0.6%
8	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$914M	+0.9%
9	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	+$748M	+2.1%
10	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$730M	+1.7%

#	Ticker	Name	Type	Net flow	% of AUM
1	RAAX	VanEck Real Assets ETF	Equity Asset Allocation	+$207M	+19.1%
2	FTA	First Trust Large Cap Value AlphaDEX Fund	Other	+$242M	+17.9%
3	FEX	First Trust Large Cap Core AlphaDEX Fund	Other	+$273M	+17.1%
4	PSC	Principal U.S. Small-Cap Multi-Factor ETF	Other	+$424M	+16.8%
5	FTC	First Trust Large Cap Growth AlphaDEX Fund	Other	+$227M	+16.5%
6	FYX	First Trust Small Cap Core AlphaDEX Fund	Other	+$219M	+16.1%
7	FNX	First Trust Mid Cap Core AlphaDEX Fund	Other	+$222M	+15.9%
8	FYC	First Trust Small Cap Growth AlphaDEX Fund	Other	+$184M	+14.2%
9	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$5.17B	+11.2%
10	DFGP	Dimensional - Global Core Plus Fixed Income ETF	Other	+$305M	+10.4%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	-$6.38B	-1.3%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$1.94B	-0.2%
3	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$1.65B	-0.2%
4	DIA	State Street SPDR Dow Jones Industrial Average ETF Trust	Equity US Large Concentrated	-$900M	-2.0%
5	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$637M	-3.7%
6	RSP	Invesco S&P 500 Equal Weight ETF	Equity Factor Smart Beta	-$401M	-0.4%
7	XLV	State Street Health Care Select Sector SPDR ETF	Equity Broad Sector	-$374M	-0.9%
8	EFA	iShares MSCI EAFE ETF	Equity International Developed Broad	-$312M	-0.4%
9	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	-$311M	-5.9%
10	AIA	iShares Asia 50 ETF	Other	-$252M	-5.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	Equity Emerging Markets	-$232M	-16.3%
2	JSMD	Janus Henderson Small/Mid Cap Growth Alpha ETF	Other	-$135M	-12.4%
3	DTCR	Global X - Data Center & Digital Infrastructure ETF	Other	-$194M	-8.7%
4	KBE	State Street SPDR S&P Bank ETF	Other	-$120M	-7.6%
5	QLTA	iShares Aaa - A Rated Corporate Bond ETF	Other	-$92M	-6.5%
6	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	-$311M	-5.9%
7	ITB	iShares U.S. Home Construction ETF	Other	-$163M	-5.9%
8	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$73M	-5.9%
9	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$250M	-5.5%
10	AIA	iShares Asia 50 ETF	Other	-$252M	-5.3%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$59.1B), followed by Bond (+$28.7B), while Commodity (−$4.5B) and Crypto (−$3.0B) saw the largest outflows.
Within the mix, money rotated into Industry Subsector (+$13.0B) and out of Gold (−$4.5B).
Relative to fund size, SNXX drew the largest inflow (+56.4% of AUM) and FXN the largest outflow (−68.0%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$47.56B	+5.5%
2	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$11.52B	+7.7%
3	DRAM	Roundhill Memory ETF	Other	+$8.45B	+37.2%
4	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$7.16B	+16.3%
5	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	+$6.56B	+20.5%
6	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$5.02B	+1.0%
7	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	+$3.87B	+5.4%
8	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$3.74B	+23.7%
9	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$3.71B	+3.8%
10	VTI	Vanguard Total Stock Market ETF	Equity US Total Market	+$3.62B	+0.5%

#	Ticker	Name	Type	Net flow	% of AUM
1	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$2.16B	+56.4%
2	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$1.18B	+54.5% ⚠
3	FXL	First Trust Technology AlphaDEX Fund	Other	+$929M	+53.4%
4	USO	United States Oil Fund LP	Commodity Energy	+$946M	+48.8%
5	DRAM	Roundhill Memory ETF	Other	+$8.45B	+37.2%
6	XHB	State Street SPDR S&P Homebuilders ETF	Other	+$531M	+31.7%
7	QTEC	First Trust NASDAQ-100-Technology Sector Index Fund	Other	+$1.09B	+28.0%
8	IHE	iShares U.S. Pharmaceuticals ETF	Other	+$256M	+25.3%
9	IYZ	iShares U.S. Telecommunications ETF	Other	+$277M	+23.9%
10	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$3.74B	+23.7%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$54.78B	-5.6%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$4.73B	-0.6%
3	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.37B	-36.9%
4	GLD	SPDR Gold Shares	Commodity Gold	-$2.27B	-1.7%
5	IBIT	iShares Bitcoin Trust ETF	Crypto	-$2.06B	-4.4%
6	IAU	iShares Gold Trust	Commodity Gold	-$2.03B	-3.3%
7	VO	Vanguard Mid-Cap ETF	Equity US Mid Cap Core	-$1.07B	-1.0%
8	NASA	Tema Space Innovators ETF	Equity Thematic	-$867M	-48.9%
9	IQMM	ProShares - GENIUS Money Market ETF	Other	-$814M	-3.9%
10	FXN	First Trust Energy AlphaDEX Fund	Equity Broad Sector	-$783M	-68.0%

#	Ticker	Name	Type	Net flow	% of AUM
1	FXN	First Trust Energy AlphaDEX Fund	Equity Broad Sector	-$783M	-68.0%
2	NASA	Tema Space Innovators ETF	Equity Thematic	-$867M	-48.9%
3	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.37B	-36.9%
4	EEMA	iShares MSCI Emerging Markets Asia ETF	Other	-$429M	-34.6%
5	ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	Equity Emerging Markets	-$470M	-27.9%
6	RPV	Invesco S&P 500 Pure Value ETF	Other	-$318M	-18.2%
7	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$725M	-15.4%
8	KWEB	KraneShares CSI China Internet ETF	Equity Emerging Markets	-$770M	-14.8%
9	LIT	Global X - Lithium & Battery Tech ETF	Equity Thematic	-$222M	-12.3%
10	BLOK	Amplify Blockchain Technology ETF	Other	-$144M	-11.9%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$221.9B), followed by Bond (+$73.3B), while Commodity (−$9.3B) and Crypto (−$5.8B) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$96.0B) and out of Gold (−$8.3B).
Relative to fund size, DRAM drew the largest inflow (+209.2% of AUM) and FXN the largest outflow (−59.2%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$63.56B	+7.7%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$27.15B	+3.5%
3	DRAM	Roundhill Memory ETF	Other	+$21.64B	+209.2%
4	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$16.3B	+11.4%
5	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$16.11B	+3.4%
6	VTI	Vanguard Total Stock Market ETF	Equity US Total Market	+$14.01B	+2.2%
7	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$13.03B	+14.0%
8	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$11.53B	+12.7%
9	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$11.32B	+32.1%
10	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$9.44B	+6.1%

#	Ticker	Name	Type	Net flow	% of AUM
1	DRAM	Roundhill Memory ETF	Other	+$21.64B	+209.2%
2	NASA	Tema Space Innovators ETF	Equity Thematic	+$2.0B	+155.4%
3	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	+$1.35B	+105.7%
4	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$1.49B	+62.5% ⚠
5	FXL	First Trust Technology AlphaDEX Fund	Other	+$920M	+58.1%
6	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$1.25B	+57.1% ⚠
7	TSPA	T. Rowe Price U.S. Equity Research ETF	Other	+$1.53B	+48.0%
8	USO	United States Oil Fund LP	Commodity Energy	+$898M	+47.4%
9	AVIV	Avantis International Large Cap Value ETF	Equity International Developed Broad	+$664M	+41.9%
10	KLMN		Other	+$917M	+41.2%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$12.26B	-1.3%
2	GLD	SPDR Gold Shares	Commodity Gold	-$7.16B	-4.8%
3	QUAL	iShares MSCI USA Quality Factor ETF	Equity Factor Smart Beta	-$6.55B	-13.4%
4	BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	Cash	-$4.78B	-10.3%
5	EFV	iShares MSCI EAFE Value ETF	Equity International Developed Broad	-$4.3B	-14.5%
6	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.03B	-32.1%
7	IBIT	iShares Bitcoin Trust ETF	Crypto	-$3.23B	-5.6%
8	DIA	State Street SPDR Dow Jones Industrial Average ETF Trust	Equity US Large Concentrated	-$2.71B	-6.2%
9	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.3B	-29.3%
10	IAGG	iShares Core International Aggregate Bond ETF	Bond International	-$2.26B	-17.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	FXN	First Trust Energy AlphaDEX Fund	Equity Broad Sector	-$697M	-59.2%
2	SH	ProShares - Short S&P500	Other	-$433M	-41.1%
3	EEMA	iShares MSCI Emerging Markets Asia ETF	Other	-$486M	-37.5%
4	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.03B	-32.1%
5	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.3B	-29.3%
6	AKRE	Akre Focus ETF	Equity US Large Growth	-$1.48B	-24.5%
7	IAI this	iShares U.S. Broker-Dealers & Securities Exchanges ETF	Equity Industry Subsector	-$301M	-21.1%
8	QLTA	iShares Aaa - A Rated Corporate Bond ETF	Other	-$317M	-20.7%
9	IDU	iShares U.S. Utilities ETF	Other	-$265M	-18.6%
10	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$1.06B	-18.4%

Largest ETF fund flows across ~2560 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Dip buy opportunities on IAI

Dip buy opportunities across sector ETFs

Quarterly SPY valuation update

Quarterly asset allocation considerations

Inform Me Once

Trefis High Quality Strategy

Asset Allocation Audit

Asset Rotation Strategies

Tax-Efficient Strategies

About IAI

Holdings Count: 35
Expense Ratio: 0.38%
Inception Date: 2006-05-01

iShares U.S. Broker-Dealers & Securities Exchanges ETF
The iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) is designed to replicate the financial performance of an underlying benchmark. This index is exclusively made up of shares from U.S.-based companies that operate within the investment services industry.
Asset Class: Equity | ETF Website

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
TRAX	First Tracks Biotherapeutics	1.1	56.0%	74.2%
LASR	nLight	4.0	27.3%	99.2%
BBIO	BridgeBio Pharma	17.6	15.1%	17.9%
TXG	10x Genomics	5.5	15.0%	164.3%
BTDR	Bitdeer Technologies	3.3	14.1%	27.8%
AEHR	Aehr Test Systems	2.3	12.3%	277.5%
NGNE	Neurogene	1.0	12.0%	108.0%
DMRA	Damora Therapeutics	1.1	11.8%	33.8%
ALGM	Allegro Microsystems	10.6	11.5%	117.5%
MXL	MaxLinear	8.4	11.3%	449.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
RXT	Rackspace Technology	1.1	-33.6%	350.1%
IONS	Ionis Pharmaceuticals	10.6	-23.9%	-18.8%
FBYD	Falcons Beyond Global	0.8	-13.4%	2.2%
GVA	Granite Construction	5.5	-12.5%	9.1%
AIAI	AIAI	0.8	-11.2%	-25.2%
STUB	Stubhub	4.1	-9.3%	-14.9%
OPTU	Optimum Communications	0.6	-8.9%	-25.5%
ALIT	Alight	9.7	-8.4%	-52.7%
PRME	Prime Medicine	0.7	-8.4%	21.9%
NTLA	Intellia Therapeutics	1.8	-8.3%	71.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
CRNX	Crinetics Pharmaceuticals	8.7	116.2%	79.6%
TRAX	First Tracks Biotherapeutics	1.1	74.3%	74.2%
TENX	Tenax Therapeutics	0.8	37.8%	50.3%
ALIT	Alight	9.7	34.2%	-52.7%
RPD	Rapid7	0.8	27.2%	-24.9%
NGNE	Neurogene	1.0	26.4%	108.0%
ENOV	Enovis	1.4	25.8%	-5.3%
BVS	Bioventus	0.8	24.1%	64.2%
EWTX	Edgewise Therapeutics	5.2	23.5%	94.8%
BAND	Bandwidth	2.5	23.0%	407.7%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
RXT	Rackspace Technology	1.1	-32.7%	350.1%
FCEL	FuelCell Energy	1.2	-27.9%	214.6%
SOLS	Solstice Advanced Materials	10.0	-24.3%	29.5%
VMET	Versamet Royalties	1.0	-22.8%	1.2%
MIDD	Middleby	6.3	-22.4%	-10.3%
AIAI	AIAI	0.8	-22.4%	-25.2%
FBYD	Falcons Beyond Global	0.8	-22.1%	2.2%
CNTN	Canton Strategic	0.5	-22.1%	-24.4%
VPG	Vishay Precision	1.5	-21.2%	194.8%
LPTH	LightPath Technologies	0.7	-21.1%	16.1%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RGNX	Regenxbio	0.8	155.3%	8.7%
CRNX	Crinetics Pharmaceuticals	8.7	149.8%	79.6%
BLZE	Backblaze	1.1	134.6%	282.6%
MBX	MBX Biosciences	3.1	126.6%	108.3%
DFTX	Definium Therapeutics, Inc.	5.3	110.5%	258.6%
TRAX	First Tracks Biotherapeutics	1.1	105.7%	74.2%
STTK	Shattuck Labs	0.8	80.3%	92.6%
ABSI	Absci	1.8	75.1%	228.7%
TENX	Tenax Therapeutics	0.8	73.8%	50.3%
SLDB	Solid Biosciences	1.2	73.8%	97.5%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
HTZ	Hertz Global	0.7	-57.3%	-57.8%
RDW	Redwire	2.0	-43.6%	37.8%
LUNR	Intuitive Machines	2.0	-43.2%	4.1%
NVTS	Navitas Semiconductor	3.3	-42.1%	98.6%
HYLN	Hyliion	0.8	-41.1%	131.0%
PCT	PureCycle Technologies	1.3	-37.9%	-13.2%
AAOI	Applied Optoelectronics	9.3	-37.9%	250.6%
BLDP	Ballard Power Systems	1.0	-37.4%	27.2%
AMPX	Amprius Technologies	1.6	-36.9%	50.6%
METCB	Ramaco Resources	0.5	-36.3%	-34.0%

Peer Comparisons

Peers to compare with:

Profile

	IAI	GS	MS	SCHW	ICE	CME	Median
Name	iShares U..	Goldman Sa.	Morgan Sta.	Charles Sc.	Interconti.	CME
Asset Class	Equity	-	-	-	-	-	-
AUM ($ Bil)	1.4	-	-	-	-	-	1.4
Expense Ratio	0.38%	-	-	-	-	-	0.38%
10-D Avg Volume (Mil)	0.12	-	-	-	-	-	0.12
Latest Day Volume (Mil)	0.10	-	-	-	-	-	0.10
Holdings Count	35	-	-	-	-	-	35
Inception Date	5/1/2006	-	-	-	-	-	-

Fundamentals

	IAI	GS	MS	SCHW	ICE	CME	Median
Name	iShares U..	Goldman Sa.	Morgan Sta.	Charles Sc.	Interconti.	CME
Net Asset Value	184.36	-	-	-	-	-	-
Premium/Discount	2.4%	-	-	-	-	-	2.4%
Distribution Yield	1.1%	-	-	-	-	-	1.1%
Sales Yield	32.5%	-	-	-	-	-	32.5%
Earnings Yield	4.6%	-	-	-	-	-	4.6%

Valuation

	IAI	GS	MS	SCHW	ICE	CME	Median
Name	iShares U..	Goldman Sa.	Morgan Sta.	Charles Sc.	Interconti.	CME
P/S (TTM)	3.1x	-	-	-	-	-	3.1x
P/E (TTM)	21.8x	-	-	-	-	-	21.8x
P/FCF (TTM)	49.5x	-	-	-	-	-	49.5x
Forward P/E	18.4x	-	-	-	-	-	18.4x
Forward P/S	4.6x	-	-	-	-	-	4.6x

Risk

	IAI	GS	MS	SCHW	ICE	CME	Median
Name	iShares U..	Goldman Sa.	Morgan Sta.	Charles Sc.	Interconti.	CME
Volatility (1Y)	19.9%	-	-	-	-	-	19.9%
Volatility (3Y)	20.3%	-	-	-	-	-	20.3%
Volatility (5Y)	21.5%	-	-	-	-	-	21.5%
Beta (1Y)	1.07	-	-	-	-	-	1.07
Beta (3Y)	1.05	-	-	-	-	-	1.05
Beta (5Y)	1.01	-	-	-	-	-	1.01
Sharpe Ratio (1Y)	0.70	-	-	-	-	-	0.70
Sharpe Ratio (3Y)	1.35	-	-	-	-	-	1.35
Sharpe Ratio (5Y)	0.75	-	-	-	-	-	0.75
Max Drawdown (1Y)	-16.5%	-	-	-	-	-	-16.5%
Max Drawdown (3Y)	-23.1%	-	-	-	-	-	-23.1%
Max Drawdown (5Y)	-28.8%	-	-	-	-	-	-28.8%

Returns

	IAI	GS	MS	SCHW	ICE	CME	Median
Name	iShares U..	Goldman Sa.	Morgan Sta.	Charles Sc.	Interconti.	CME
1M Return	4.8%	-	-	-	-	-	4.8%
3M Return	9.4%	-	-	-	-	-	9.4%
6M Return	0.2%	-	-	-	-	-	0.2%
YTD Return	5.7%	-	-	-	-	-	5.7%
1Y Return	12.7%	-	-	-	-	-	12.7%
2Y Return	62.4%	-	-	-	-	-	62.4%
3Y Return	113.7%	-	-	-	-	-	113.7%

Short Interest

Short Interest: As Of Date	6152026
Short Interest: Shares Quantity	0.1 Mil
Short Interest: % Change Since 5312026	-61.3%
Average Daily Volume	0.1 Mil
Days-to-Cover Short Interest	1

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI)

Market Price (7/10/2026): $188.17

iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI)

Market Price (7/10/2026): $188.17

Key Takeaways

Price Chart

Asset Allocation with IAI

Valuation & Yield

Top 20 Holdings for IAI

Performance for IAI Top Holdings

Guidance Updates for IAI Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

IAI Dip Buy History

Current Dip Buy Opportunities Across ETFs

ETF Fund Flows

Asset allocation rotation · Past week

Asset allocation rotation · Past month

Asset allocation rotation · Past 3 months

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About IAI

Latest Trefis Analyses

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Profile

Fundamentals

Valuation

Risk

Returns

Short Interest

Returns Analyses

External Quote Links