Which returned more over the last year, IAI or IYF?

In the year to Oct 28, 2026, with distributions reinvested, IAI returned +2.3% and IYF +7.8%.

Which is cheaper, IAI or IYF?

Neither: IAI and IYF both charge 0.37% a year. Fees come from each fund's prospectus.

How much do IAI and IYF overlap with the S&P 500?

By their latest filed holdings, 88% of IAI and 89% of IYF by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

IAI vs IYF: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IAI returned +2.3% to IYF's +7.8%; 22% of their weight is in the same names.

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Net assets: $1.3bn on Oct 27, 2026 for iShares U.S. Broker-Dealers & Securities Exchanges ETF, and $3.7bn on Oct 28, 2026 for iShares U.S. Financials ETF.

IAI on its own →IYF on its own →

At a glance

+2.3%

IAI total return, 1 year

+7.8%

IYF total return, 1 year

0.37%

IAI expense ratio

0.37%

IYF expense ratio

Pair scorecard

Both cost 0.37% a year; their one-year returns differ by 5.5 points; IYF is 2.8 times larger.

Points (pts) are percentage points.

IAI vs IYF: Differences, Returns & Fees
Measure	IAI	IYF
Return
Measure	IAI	IYF
Total return, 1 year	+2.3%	+7.8%
Drawdown
Measure	IAI	IYF
Below its high	9.5%, high on Sep 3, 2026	5.6%, high on Sep 3, 2026
Benchmark
Measure	IAI	IYF
What it tracks	Dow Jones U.S. Select Investment Services Index	Russell 1000 Financials 40 Act 15/22
Cost and size
Measure	IAI	IYF
Expense ratio	0.37%	0.37%
Net assets, as of Oct 26, 2026	$1.3bn	$3.7bn
Holdings
Measure	IAI	IYF
Holdings in common	22%
Top ten holdings, share of the fund	74.5%	48.3%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

May 12, 2006 to Oct 23, 2026 · 1,067 weekly returns

IAI IYF

Return

Total return edge IAI +392.9% +253.1%

Annualized edge IAI +8.1% +6.3%

Price return edge IAI +263.7% +145.0%

Risk

Volatility edge IYF (slight) 26.4% 25.2%

Max drawdown edge IAI (slight) −73.6% −79.1%

Risk-adjusted

Sharpe edge IAI 0.36 0.30

Sortino edge IAI 0.52 0.43

Calmar edge IAI 0.11 0.08

Reading

IAI returned more: +392.9% to +253.1%. IYF swung slightly less: 25.2% to 26.4%. IAI fell slightly less at its worst: −73.6% to −79.1%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: IAI vs IYF: Differences, Returns & Fees
Measure	IAI	IYF	Edge	How it is measured
Return
Total return	+392.9%	+253.1%	IAI	Price change plus distributions, reinvested.
Annualized	+8.1%	+6.3%	IAI	Total return as a yearly rate.
Price return	+263.7%	+145.0%	IAI	Price change alone, distributions left out.
Risk
Volatility	26.4%	25.2%	IYF (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	18.3%	17.5%	IYF (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−73.6%	−79.1%	IAI (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.36	0.30	IAI	Return above Treasury bills per unit of volatility.
Sortino	0.52	0.43	IAI	Return above Treasury bills per unit of downside deviation.
Calmar	0.11	0.08	IAI	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,067 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

22%

By the books each fund has filed, IAI and IYF hold 22% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

22% in common

Positions both hold · largest shared weight first IAI IYF

GOLDMAN SACHS GROUP 18.16% 3.67%

MORGAN STANLEY 15.27% 3.30%

CHARLES SCHWAB 8.56% 2.30%

S&P GLOBAL 5.18% 2.09%

CME GROUP CLASS A 5.16% 1.67%

INTERCONTINENTAL EXCHANGE INC 4.80% 1.38%

ROBINHOOD MARKETS CLASS A 3.96% 1.15%

MOODYS CORP 4.82% 1.12%

NASDAQ INC 4.42% 0.73%

MSCI 4.19% 0.67%

INTERACTIVE BROKERS GROUP INC CLAS 3.57% 0.57%

COINBASE GLOBAL CLASS A 3.44% 0.56%

Only in one fund ↓

Only in IAI

STONEX GROUP INC 0.58%

PIPER SANDLER COMPANIES 0.42%

BGC GROUP INC CLASS A 0.40%

MOELIS CLASS A 0.40%

PJT PARTNERS CLASS A 0.35%

MIAMI INTERNATIONAL HOLDINGS 0.28%

DONNELLEY FINANCIAL SOLUTIONS 0.13%

PERELLA WEINBERG PARTNERS CLASS A 0.09%

Only in IYF

BERKSHIRE HATHAWAY INC CLASS B 12.46%

JPMORGAN CHASE & CO 11.06%

BANK OF AMERICA 3.77%

WELLS FARGO 3.71%

CITIGROUP 3.24%

BLACKROCK 2.74%

PROGRESSIVE 2.08%

CHUBB 1.98%

Check overlap with more funds →

Side by side

IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF IYF iShares U.S. Financials ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks an index Tracks an index

Total return, 1 year +2.3% +7.8%

Its benchmark over the same days not measured +13.1% (IWB)

Gap to its benchmark not measured −5.3 pts vs IWB

Expense ratio 0.37% 0.37%

Already in the S&P 500 88.4% 88.8%

Holdings 36 144

Net assets, IAI as of Oct 27, 2026 and IYF as of Oct 28, 2026 $1.3bn $3.7bn

IAI and IYF on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-9CC648AB41

IAI and IYF are built for the same job. How do they differ in cost, holdings and results?

What each follows. IAI follows Dow Jones U.S. Select Investment Services Index and IYF follows Russell 1000 Financials 40 Act 15/22.
Holdings in common. 22% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 IAI returned +2.3% and IYF +7.8% with distributions reinvested, a gap of 5.5 points.

Data as of Oct 28, 2026.

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About each fund

IAI

IAI tracks an index. Over the year to Oct 28, 2026 it returned +2.3% with distributions reinvested. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 36 positions, with the top ten at 74.5%. It sat 9.5% below its high of Sep 3, 2026 on Oct 28, 2026.

IYF

IYF tracks an index. Over the year to Oct 28, 2026 it returned +7.8% with distributions reinvested, against +13.1% for its benchmark, the Russell 1000 Index. By its holdings published by its issuer for Oct 27, 2026, 89% of the fund by weight is stocks the S&P 500 also holds, across 144 positions, with the top ten at 48.3%. It sat 5.6% below its high of Sep 3, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IAI or IYF?: In the year to Oct 28, 2026, with distributions reinvested, IAI returned +2.3% and IYF +7.8%.
Which is cheaper, IAI or IYF?: Neither: IAI and IYF both charge 0.37% a year. Fees come from each fund's prospectus.
How much do IAI and IYF overlap with the S&P 500?: By their latest filed holdings, 88% of IAI and 89% of IYF by weight is stocks the S&P 500 already holds.

Other comparisons

IAI vs KRE IAI vs IYG IAI vs KBWB IAI vs KBE IYF vs KBE IYF vs IYG IYF vs KRE IYF vs KBWB

Where to next

IAI on its own →IYF on its own →Hold both: look the portfolio through →Rankings →IAI dividend history →IAI holdings →IYF dividend history →IYF holdings →Standards and sources →

Sources and dates

IAI and IYF filings on SEC EDGAR ↗

IAI prospectus with the expense ratio (SEC) ↗

iShares page for IAI ↗

IYF prospectus with the expense ratio (SEC) ↗

iShares page for IYF ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, IAI against IYF, data as of Oct 28, 2026. https://etfiq.com/compare/any/iai-vs-iyf

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.