ETF comparison

KBE vs KBWB

Both Financials.

State Street SPDR S&P Bank ETF · Invesco KBW Bank ETF

Holdings overlap

Weighted by ISIN/CUSIP
19.2 %

19 positions appear in both funds. Buying equal dollars of KBE and KBWB would leave roughly 19.2% of each dollar exposed to the same underlying securities.

KBE only 80.6% Shared 19.2% KBWB only 81.2%
In KBE only
83 positions
Shared
19 positions
In KBWB only
5 positions

Side by side

KBE

State Street SPDR S&P Bank ETF

State Street · Financials

73 composite / 100
Expense ratio
0.35%
Net assets
$1.48B
TTM yield
2.11%
Top-10 conc.
11.0%
KBWB

Invesco KBW Bank ETF

Invesco · Financials

69 composite / 100
Expense ratio
0.35%
Net assets
$6.51B
TTM yield
1.89%
Top-10 conc.
60.8%

Sub-score comparison

65
Cost
65
81
Tax efficiency
82
64
Liquidity
92
99
Concentration
27
Tracking quality
KBE sub-score KBWB

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

Expense ratios are effectively identical (0.35% vs 0.35%).

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

Top shared holdings

19 shared in total
# Holding In KBE In KBWB Overlap
1 Zions Bancorp NA 1.04% 1.15% 1.04%
2 Citigroup Inc 1.03% 4.08% 1.03%
3 Wells Fargo & Co 1.03% 7.28% 1.03%
4 Fifth Third Bancorp 1.02% 5.97% 1.02%
5 Citizens Financial Group Inc 1.02% 3.52% 1.02%
6 JPMorgan Chase & Co 1.02% 7.36% 1.02%
7 KeyCorp 1.01% 3.08% 1.01%
8 Western Alliance Bancorp 1.01% 1.20% 1.01%
9 M&T Bank Corp 1.01% 4.38% 1.01%
10 Bank of New York Mellon Corp/The 1.01% 4.08% 1.01%
11 PNC Financial Services Group Inc/The 1.01% 4.27% 1.01%
12 East West Bancorp Inc 1.00% 2.05% 1.00%

Only in KBE

83 total
  • Flagstar Bank NA 1.06%
  • First BanCorp/Puerto Rico 1.05%
  • United Bankshares Inc/WV 1.04%
  • Apollo Global Management Inc 1.04%
  • Beacon Financial Corp 1.04%
  • Banc of California Inc 1.04%
  • WSFS Financial Corp 1.04%
  • Triumph Financial Inc 1.04%
  • Cathay General Bancorp 1.04%
  • Bank OZK 1.04%

Only in KBWB

5 total
  • Goldman Sachs Group, Inc. (The) 7.98%
  • Morgan Stanley 7.53%
  • State Street Corp. 4.15%
  • Capital One Financial Corp. 3.43%
  • Invesco Government & Agency Portfolio 0.13%

Open KBE 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 methodology and 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.