
This iShares exchange-traded fund aims to mirror the financial performance of an index consisting of U.S.-based stocks within the regional banking industry.
Is IAT's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Looking for broad exposure to the Financials - Regional Banks segment of the equity market? You should consider the iShares U.S. Regional Banks ETF (IAT), a passively managed exchange traded fund launched on May 1, 2006.

iShares U.S. Regional Banks ETF is more affordable with a lower expense ratio and offers a higher dividend yield than its counterpart. First Trust Nasdaq Bank ETF provides exposure to massive institutions like JPMorgan Chase & Co., while iShares U.S. Regional Banks ETF targets smaller regional lenders.

Bank earnings season is here, with major U.S. financial institutions like JPMorgan Chase NYSE: JPM and Goldman Sachs NYSE: GS offering mixed results for Q3 2026. JPMorgan posted an unusual miss to adjusted earnings per share (EPS), even while net revenue rose more than 8% year over year (YOY).

iShares U.S. Financials ETF provides broader sector exposure and has historically shown lower maximum drawdowns than iShares U.S. Regional Banks ETF. While both funds carry identical 0.37% expense ratios, iShares U.S. Regional Banks ETF offers a significantly higher dividend yield of 2.9%.

Invesco KBW Bank ETF offers a slightly lower expense ratio and significantly higher assets under management than iShares U.S. Regional Banks ETF. iShares U.S. Regional Banks ETF focuses exclusively on regional institutions, while Invesco KBW Bank ETF includes money center banks and thrifts.