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 36.0% of each dollar exposed to the same underlying securities.
Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.
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. | 7.47% | 11.55% | 7.47% |
| 2 | Bank of America Corp. | 7.76% | 4.90% | 4.90% |
| 3 | Goldman Sachs Group, Inc. (The) | 8.94% | 3.93% | 3.93% |
| 4 | Wells Fargo & Co. | 7.13% | 3.33% | 3.33% |
| 5 | Morgan Stanley | 9.36% | 3.30% | 3.30% |
| 6 | Citigroup Inc. | 4.28% | 3.14% | 3.14% |
| 7 | Capital One Financial Corp. | 3.60% | 1.64% | 1.64% |
| 8 | Bank of New York Mellon Corp. (The) | 4.39% | 1.31% | 1.31% |
| 9 | PNC Financial Services Group, Inc. (The) | 3.90% | 1.30% | 1.30% |
| 10 | U.S. Bancorp | 3.76% | 1.23% | 1.23% |
| 11 | Truist Financial Corp. | 3.66% | 0.82% | 0.82% |
| 12 | Fifth Third Bancorp | 3.78% | 0.67% | 0.67% |
Only in KBWB
6 total- East West Bancorp, Inc. 2.02%
- Pinnacle Financial Partners, Inc. 1.77%
- First Horizon Corp. 1.40%
- Zions Bancorp., N.A. 1.11%
- Western Alliance Bancorporation 1.05%
- Invesco Government & Agency Portfolio 0.15%
Only in XLF
57 total- Berkshire Hathaway Inc 12.08%
- Visa Inc 7.50%
- Mastercard Inc 5.46%
- American Express Co 2.37%
- Charles Schwab Corp/The 1.99%
- Blackrock Inc 1.83%
- Progressive Corp/The 1.68%
- S&P Global Inc 1.63%
- Chubb Ltd 1.62%
- Blackstone Inc 1.15%
Related comparisons
More comparisons with KBWB
- KBWB vs FNCL · Fidelity MSCI Financials Index ETF 32.9%
- KBWB vs VFH · Vanguard Financials Index Fund ETF Shares 32.9%
- KBWB vs IXG · iShares Global Financials ETF 20.3%
- KBWB vs KBE · State Street SPDR S&P Bank ETF 19.5%
- KBWB vs KRE · State Street SPDR S&P Regional Banking ETF 12.7%
- KBWB vs VGT · Vanguard Information Technology Index Fund ETF Shares 0.0%
More comparisons with XLF
- XLF vs KBE · State Street SPDR S&P Bank ETF 11.4%
- XLF vs IAT · iShares U.S. Regional Banks ETF 6.0%
- XLF vs KRE · State Street SPDR S&P Regional Banking ETF 2.5%
- XLF vs VGT · Vanguard Information Technology Index Fund ETF Shares 0.0%
- XLF vs XLK · State Street Technology Select Sector SPDR ETF 0.0%
- XLF vs FNCL · Fidelity MSCI Financials Index ETF 86.1%
Percentages are holdings overlap with the named fund.
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.