ETF comparison
KBWB vs XLF
Both Financials.
Invesco KBW Bank ETF · State Street Financial Select Sector SPDR ETF
Holdings overlap
19 positions appear in both funds. Buying equal dollars of KBWB and XLF would leave roughly 33.9% of each dollar exposed to the same underlying securities.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
XLF is 27 bps cheaper than KBWB. On a $100,000 position that's about $270/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 the cost calculator pre-filled with KBWB vs XLF.
Top shared holdings
19 shared in total| # | Holding | In KBWB | In XLF | Overlap |
|---|---|---|---|---|
| 1 | JPMorgan Chase & Co. | 7.36% | 11.24% | 7.36% |
| 2 | Bank of America Corp. | 7.13% | 4.59% | 4.59% |
| 3 | Goldman Sachs Group, Inc. (The) | 7.98% | 3.60% | 3.60% |
| 4 | Wells Fargo & Co. | 7.28% | 3.49% | 3.49% |
| 5 | Citigroup Inc. | 4.08% | 2.81% | 2.81% |
| 6 | Morgan Stanley | 7.53% | 2.81% | 2.81% |
| 7 | Capital One Financial Corp. | 3.43% | 1.62% | 1.62% |
| 8 | PNC Financial Services Group, Inc. (The) | 4.27% | 1.19% | 1.19% |
| 9 | Bank of New York Mellon Corp. (The) | 4.08% | 1.16% | 1.16% |
| 10 | U.S. Bancorp | 4.28% | 1.15% | 1.15% |
| 11 | Truist Financial Corp. | 4.07% | 0.82% | 0.82% |
| 12 | Fifth Third Bancorp | 5.97% | 0.59% | 0.59% |
Only in KBWB
5 total- East West Bancorp, Inc. 2.05%
- First Horizon Corp. 1.59%
- Western Alliance Bancorporation 1.20%
- Zions BanCorp., N.A. 1.15%
- Invesco Government & Agency Portfolio 0.13%
Only in XLF
58 total- Berkshire Hathaway Inc 12.46%
- Visa Inc 7.20%
- Mastercard Inc 5.77%
- American Express Co 2.30%
- Charles Schwab Corp/The 2.23%
- Blackrock Inc 1.97%
- S&P Global Inc 1.84%
- Chubb Ltd 1.68%
- Progressive Corp/The 1.65%
- CME Group Inc 1.51%
Open KBWB or XLF 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.