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Launched · SEC filings

iShares U.S. Regional Banks ETF

IATNYSE ArcaiSharesD

$60.24−0.67 (−1.10%)

At close: Nov 3, 2026, 4:00 PM ET

D36/ 100

Rank 8 of 9 in Banks

D36/100Rank 8 of 9inBanks
Intraday session: down, 78 prints from 60.91 to 60.24. Range 60.10 to 61.02. Use the arrow keys to read each point.60.4060.6060.8010 AM12 PM2 PM4 PM
Expense ratio
0.37%
Fund size
$634M
1Y total return
+26.4%
Yield · Last 12 months
2.69%
Holdings
33
Avg volume · 30D
232K sh
52W range
low $48.15high $66.16
Launched
Filings
SEC EDGAR

The ETF.net IAT Grade

D

Score 36 out of 100

Category
Banks⁠
Rank
8 of 9
Six-pillar profile for IAT. Scores out of 100: Cost 31, Risk 35, Mission 48, Tradability 54, Holdings 12, Durability 68. Strongest: Durability (68). Weakest: Holdings (12). Leans toward Durability.

Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D31 out of 100
    Rank 7 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C48 out of 100
    Rank 1 of 2

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D35 out of 100
    Rank 8 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C54 out of 100
    Rank 5 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F12 out of 100
    Rank 9 of 9

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B68 out of 100
    Rank 4 of 9

Our read on IAT

ETF.net Research

In short

DRegional banking, undiluted: about 30 U.S. lenders, no insurers or brokers padding the basket, from an iShares fund that has been on the tape since 2006.

Stated mandate

The Fund seeks to track an index of U.S. equity securities from the regional banking sector. It uses representative sampling to pursue index-like investment characteristics rather than necessarily holding every constituent.

Why people hold it

  • Narrow by design: roughly 30 U.S. regional bank stocks, not a broad-financials grab bag.
  • Launched in 2006, so it has traded through multiple bank-stress cycles rather than arriving after one.
  • Pays quarterly and tracks a published benchmark, the Dow Jones U.S. Select Regional Banks Index, so the mandate is easy to check.ishares.com

Worth knowing

  • The 0.37% fee sits a notch above the going rate in bank ETFs; peers KBE, KBWB and KRE each list 0.35%.
  • One sector, one country, about 30 names. Rate swings and credit scares land here with nothing else in the basket to absorb them.
  • It samples the index rather than holding every constituent, so results can drift from the benchmark.ishares.com

IAT Holdings

Holdings pillarF12 out of 100Rank 9 of 9 in Banks
Asset class
Stocks
Holdings
33
Top-10 weight
69%
Largest holding
USB15.0%

Sectors

  • Regional Banks57.7%
  • Diversified Banks42.3%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1USBUs Bancorp14.95%1,594,477$94.8M366
2PNCPnc Financial Services Group14.67%408,118$93M335
3TFCTruist Financial9.62%1,249,663$61M302
4FITBFifth Third Bancorp5.22%614,276$33.1M303
5RFRegions Financial4.40%976,595$27.9M315
6HBANHuntington Bancshares Inc4.40%1,766,158$27.9M284
7MTBM&T Bank4.29%123,269$27.2M294
8CFGCitizens Financial Group Inc4.26%423,661$27M307
9FCNCAFirst Citizens Bancshares Class A3.76%10,132$23.8M167
10KEYKeycorp3.47%1,040,946$22M285
11EWBCEast West Bancorp3.24%156,808$20.5M193
12PNFPPinnacle Financial Partners2.76%171,985$17.5M170
13FHNFirst Horizon2.00%545,092$12.7M152
14WTFCWintrust Financial1.87%77,647$11.8M166
15SSBSouthstate Bank Corp1.85%111,625$11.7M153

Showing 1–15 of 33 holdings

IAT Performance

Launched May 1, 2006

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

IAT$12,643
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. IAT $12,643. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for IAT. Periods over one year show the average yearly return.
PeriodIAT
Year to date+12.5%
1 month+5.8%
3 months−3.5%
1 year+26.4%
3 yearsper year+25.8%
5 yearsper year+2.0%
10 yearsper year+8.4%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for IAT
YearReturn barIAT
2026 YTD+12.5%
2025+13.1%
2024+24.4%
2023−8.5%
2022−20.6%
2021+38.9%
2020−7.6%

IAT in the news

IAT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
2.69%Last 12 months
Payout per share
$1.64Last 12 months
Last payment
$0.42 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 24, 2017 $0.12; Jun 27, 2017 $0.18; Sep 26, 2017 $0.21; Dec 19, 2017 $0.26; Mar 22, 2018 $0.15; Jun 26, 2018 $0.22; Sep 26, 2018 $0.26; Dec 17, 2018 $0.36; Mar 20, 2019 $0.21; Jun 17, 2019 $0.29; Sep 24, 2019 $0.35; Dec 16, 2019 $0.41; Mar 25, 2020 $0.27; Jun 15, 2020 $0.28; Sep 23, 2020 $0.37; Dec 14, 2020 $0.38; Mar 25, 2021 $0.18; Jun 10, 2021 $0.25; Sep 24, 2021 $0.33; Dec 13, 2021 $0.40; Mar 24, 2022 $0.25; Jun 9, 2022 $0.34; Sep 26, 2022 $0.43; Dec 13, 2022 $0.46; Mar 23, 2023 $0.20; Jun 7, 2023 $0.31; Sep 26, 2023 $0.50; Dec 20, 2023 $0.48; Mar 21, 2024 $0.30; Jun 11, 2024 $0.34; Sep 25, 2024 $0.44; Dec 17, 2024 $0.40; Mar 18, 2025 $0.26; Jun 16, 2025 $0.38; Sep 16, 2025 $0.40; Dec 16, 2025 $0.58; Mar 17, 2026 $0.26; Jun 15, 2026 $0.38; Sep 15, 2026 $0.42. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 15, 2026Sep 18, 2026$0.42
Jun 15, 2026Jun 18, 2026$0.38
Mar 17, 2026Mar 20, 2026$0.26
Dec 16, 2025Dec 19, 2025$0.58
Sep 16, 2025Sep 19, 2025$0.40
Jun 16, 2025Jun 20, 2025$0.38
Mar 18, 2025Mar 21, 2025$0.26
Dec 17, 2024Dec 20, 2024$0.40
Sep 25, 2024Sep 30, 2024$0.44
Jun 11, 2024Jun 17, 2024$0.34
Mar 21, 2024Mar 27, 2024$0.30
Dec 20, 2023Dec 27, 2023$0.48

See all 83 payments⁠

$10,000 in IAT 10 years ago paid $3,552 in dividends.⁠

IAT Risk

Risk pillarD35 out of 100Rank 8 of 9 in Banks
How much the fund’s monthly returns vary, scaled to a year.
24.0%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.95
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−55.5%
Trough May 2023
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.23
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

IAT Cost

Compare IAT and PBEU

Overpaying vs PBEU, cheapest in Banks

$4,787

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IAT 0.37%

    $7,513

  • PBEU 0.13% Cheapest

    $2,726

$10,000
30 years

Cost over time

  • IAT 0.37%
  • PBEU 0.13%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530IAT $7,513PBEU $2,726

Year by year

YearIATPBEUOverpaying
10$670$238$432
20$2,590$930$1,660
30$7,513$2,726$4,787

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