ETF comparison

FNCLvsKBWB

Both Financials.

Fidelity MSCI Financials Index ETF · Invesco KBW Bank ETF

Holdings overlap

Weighted by ISIN/CUSIP
32.8%

24 positions appear in both funds. Buying equal dollars of FNCL and KBWB would leave roughly32.8%of each dollar exposed to the same underlying securities.

FNCL only 67.2%Shared 32.8%KBWB only 67.2%
In FNCL only
360 positions
Shared
24 positions
In KBWB only
1 positions

Side by side

FNCL

Fidelity MSCI Financials Index ETF

Fidelity · Financials

78composite / 100
Expense ratio
0.084%
Net assets
$2.40B
TTM yield
1.56%
Top-10 conc.
47.6%
KBWB

Invesco KBW Bank ETF

Invesco · Financials

69composite / 100
Expense ratio
0.35%
Net assets
$6.77B
TTM yield
1.93%
Top-10 conc.
61.5%

Sub-score comparison

92
Cost
65
82
Tax efficiency
82
73
Liquidity
93
46
Concentration
26
Tracking quality
FNCLsub-scoreKBWB

Tracking quality isn't part of the composite — seewhat we don't scorefor why.

Cost difference

FNCL is 27 bps cheaper than KBWB. On a $100,000 position that's about $266/yr more in fees for KBWB.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open thecost calculator pre-filled with FNCL vs KBWB.

Top shared holdings

24 shared in total
#HoldingIn FNCLIn KBWBOverlap
1JPMorgan Chase & Co10.10%7.47%7.47%
2Bank of America Corp4.34%7.76%4.34%
3Goldman Sachs Group Inc/The3.28%8.94%3.28%
4Wells Fargo & Co3.06%7.13%3.06%
5Citigroup Inc2.71%4.28%2.71%
6Morgan Stanley2.68%9.36%2.68%
7Capital One Financial Corp1.44%3.60%1.44%
8Bank of New York Mellon Corp/The1.09%4.39%1.09%
9US Bancorp1.04%3.76%1.04%
10PNC Financial Services Group Inc/The1.03%3.90%1.03%
11Truist Financial Corp0.78%3.66%0.78%
12Fifth Third Bancorp0.54%3.78%0.54%

Only in FNCL

360 total
  • Berkshire Hathaway Inc7.72%
  • Visa Inc6.59%
  • Mastercard Inc5.04%
  • American Express Co2.11%
  • Blackrock Inc1.86%
  • Charles Schwab Corp/The1.83%
  • S&P Global Inc1.58%
  • Chubb Ltd1.45%
  • Progressive Corp/The1.40%
  • CME Group Inc1.23%

Only in KBWB

1 total
  • Invesco Government & Agency Portfolio0.15%

Open FNCL or KBWB at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodologyand funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see/methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.