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ETFs

iShares U.S. Broker-Dealers & Securities Exchanges ETF

IAI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 01 2006
Expense Ratio
0.40%
Type
US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$1,371,384
AUM
$384,155,652
Associated Index
Dow Jones US Select Investment Services Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SPGI
S&P Global Inc
14.59%
GS
Goldman Sachs Group, Inc.
13.04%
MS
Morgan Stanley
12.82%
CME
CME Group Inc - Ordinary Shares - Class A
4.55%
SCHW
Charles Schwab Corp.
4.50%
ICE
Intercontinental Exchange Inc
4.46%
MCO
Moody`s Corp.
4.37%
MSCI
MSCI Inc
4.35%
RJF
Raymond James Financial, Inc.
3.92%
LPLA
LPL Financial Holdings Inc
3.79%
Invest with IAI

What is IAI?

The iShares U.S. Broker-Dealers & Securities Exchanges ETF seeks investment results that correspond generally to the price and yield performance before fees and expenses of the Dow Jones U.S. Select Investment Services Index.

ETFs related toIAI

ETFs correlated to IAI include IYF, VFH, FNCL

IAI
BlackRock Institutional Trust Company N.A. - iShares U.S. Broker-Dealers ETF
IYF
BlackRock Institutional Trust Company N.A. - iShares U.S. Financials ETF
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
IYG
BlackRock Institutional Trust Company N.A. - iShares U.S. Financial Services ETF
KCE
SPDR Series Trust - SPDR S&P Capital Markets ETF
FAS
Direxion Shares ETF Trust - Direxion Daily Financial Bull 3x Shares
XLF
SSgA Active Trust - Financial Select Sector SPDR
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund
BNKU
Bank of Montreal - MicroSectorsTM U.S. Big Banks Index 3X Leveraged ETNs
DON
WisdomTree Trust - WisdomTree U.S. MidCap Dividend Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toIAI

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Category

Community

Risk Rating

Aggressive

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with IAI using Composer

FAQ

IAI is a US Equities ETF. The iShares U.S. Broker-Dealers & Securities Exchanges ETF seeks investment results that correspond generally to the price and yield performance before fees and expenses of the Dow Jones U.S. Select Investment Services Index.

IAI tracks the Dow Jones US Select Investment Services Index.

No, IAI is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IAI is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IAI is -0.0018%. This is the percent change in the value of IAI over the most recent 1-month period. The 3-month return on IAI is 0.0542%. This is the percent change in the value of IAI over the most recent 3-month period.

The standard deviation of IAI for the past year is 0.208%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IAI include XLI, XLY, and XLV.

ETFs correlated to IAI include IYF, VFH, and FNCL.

ETFs that are inversely correlated to IAI include FAZ, BNKD, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.