Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Fund Details
Upturn AI Summary
iShares U.S. Broker-Dealers & Securities Exchanges ETF(IAI)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for IAI
10/13/2026: IAI (1-star) is currently NOT-A-BUY. Pass it for now.
The iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) provides targeted, pure-play exposure to the infrastructure of U.S. capital markets, specifically broker-dealers and stock exchanges. Its primary strength lies in its ability to capture upside from trading volume and capital market activity, supported by the strong issuer quality of iShares. It is most effective as a tactical instrument for investors who wish to overweight the financial sector based on cyclical market optimism. Key risks include high sector concentration and significant sensitivity to market volatility, which can lead to pronounced drawdowns. It is generally best suited for growth-oriented or momentum-focused investors who monitor market activity levels closely.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The sector often experiences rapid growth during periods of market optimism and high transaction volumes. |
| Momentum investor | Strong fit while signal remains positive | IAI captures the momentum of investment banks and exchanges when market volatility drives trading activity. |
| Value investor | Mixed fit | While some holdings are established and profitable, the sector's valuation can be high during market peaks. |
| Dividend/Income investor | Mixed fit | Many firms in this sector pay dividends, but income is often secondary to capital appreciation. |
| Low-risk investor | Weak fit | The sector's sensitivity to market cycles and economic data leads to volatility that may exceed conservative risk tolerances. |
Investor Profile
Ideal Investor Profile
The ideal investor is a sophisticated market participant looking for tactical, sector-specific exposure to capital markets activity.
Suitability
IAI is best suited for tactical investors seeking to capitalize on market cycles, rather than passive long-term holders of broad market indices.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | Financial markets can be highly sensitive to economic shifts and sudden changes in risk appetite. |
| Market risk | High | The ETF's holdings depend heavily on the general health of global and domestic financial markets. |
| Concentration | High | As a sub-sector fund, it lacks the diversification of broader market indices. |
| Tracking/expense | Low | The fund is efficiently managed with a relatively low expense ratio for a niche product. |
| Liquidity | Low | Underlying securities are generally highly liquid, reducing the risk of significant execution slippage. |
| Business/sector quality | Medium | The sector is subject to intense regulatory oversight and evolving competition from fintech. |
Risk Analysis
Volatility
IAI displays higher beta than broader indices, reflecting its high sensitivity to market cycles.
Market Risk
The primary risk is a decline in transaction-based business models, which suffer during periods of low market confidence.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Industry | Investment Banking & Brokerage | 65 | This represents the core of the portfolio, focusing on firms that facilitate capital market transactions and securities trading. |
| Industry | Financial Exchanges | 25 | These holdings provide exposure to the infrastructure of financial markets, which often benefit from higher trading volumes. |
| Industry | Asset Management & Custody | 8 | Companies in this segment benefit from growing assets under management and recurring advisory fee revenue. |
| Cash/collateral | Cash and Cash Equivalents | 2 | A small cash buffer is maintained to manage daily fund flows and operational liquidity. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type ETF | Historic Profit 56.39% | Avg. Invested days 72 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/13/2026 |
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.