A similar ETF is SPDR S&P Capital Markets (NYSEArca: KCE), which is up nearly 20% year to date. [Discount Brokers, Fund Firms Power Overlooked Financial ETF]
IAI holds about $114 million in assets under management, while KCE holds nearly $73 million.
IAI has nearly doubled in size over the last five months amid higher trading volume, according to Bloomberg.
“Anyone who invests in IAI can expect a wild ride,” Balchunas said. “This is why it should probably not be used as a core holding.”
iShares Dow Jones US Broker-Dealers Index Fund
