Related: Financial ETFs Among Hated Plays of Past Week

IYG allocates nearly 54% of its weight to bank stocks with diversified financial services names accounting for 32.2% of the fund’s weight. The ETF’s top 10 holdings include JPMorgan Chase & Co. (NYSE: JPM), Bank of America’s Corp. (NYSE: BAC), Wells Fargo Co. (NYSE: WFC) and Citigroup Inc. (NYSE: C).

Fundamental factors, including the aforementioned rising interest rates, have been supportive of bank stocks and ETFs this year. Additionally, the financial services sector, the second-largest sector weight in the S&P 500, has had the regulatory wind at its back this year as the Trump Administration has sought to roll back parts of the Dodd-Frank legislation. Still, the sector is disappointing investors.

For more information on the banking sector, visit our financial category.