KBE
State Street SPDR S&P Bank ETF
The KBW Bank ETF, before expenses, seeks to closely match the returns and characteristics of the KBW Bank Index. The index is a float adjusted modified-market capitalization weighted index of geographically diverse companies representing national money center banks and regional banking institutions listed on U.S. stock markets.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 1.5 B
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Nov 08, 2005 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CENTRAL BANCOMPANY | 1.1 % |
| CUSTOMERS BANCORP INC | 1.0 % |
| GLACIER BANCORP INC | 1.0 % |
| CATHAY GENERAL BANCORP | 1.0 % |
| UNITED COMMUNITY BANKS/GA | 1.0 % |
| TEXAS CAPITAL BANCSHARES INC | 1.0 % |
| BANK OZK | 1.0 % |
| AXA EQUITABLE HOLDINGS, INC. | 1.0 % |
| EASTERN BANKSHARES, INC. | 1.0 % |
| COREBRIDGE FINANCIAL INC | 1.0 % |
Constituent Breakdown
| Number of holdings | 103 |
| Herfindahl-Hirschman Index | 92 |
| Wgt avg mkt cap (mns) | $24,785 |
| Large cap (>$10bn) | 20.8% |
| Mid cap ($2-10bn) | 67.7% |
| Small cap (<$2bn) | 6.3% |
| Developed mkts. | 95.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 91.2 % |
 |
PUERTO RICO | 2.7 % |
 |
BERMUDA | 0.9 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.2% | 6.4% | 9.3% | 19.7% | 3.6% | 6.6% | 0.6% | 1.0% |
| Dividend Yield | 1.8% | 2.5% | 2.7% | 3.1% | 2.9% | 2.7% | 2.4% | 2.5% |
| Total Returns | 5.9% | 8.9% | 12.1% | 22.8% | 6.5% | 9.3% | 3.0% | 3.5% | Ann. Volatility | 19.8% | 20.6% | 24.9% | 25.0% | 26.9% | 29.7% | 34.9% | 34.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.73 | 21% |
| MSCI EAFE | 0.53 | 17% |
| MSCI Emg Mkts | 0.17 | 5% |
Liquidity Measures
| Avg. volume (000) | 1,935 |
| ADV traded (mns) | $128 |
| Turnover | 8.3% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $65.37 |
| Relative strength (RSI) | 52 |
| MACD/Signal | 0.39/0.01 |
| Bollinger Bands (Upper/Lower) | $67.59/$61.70 |
| Short interest (% of AUM) | 64.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. KBE |
Expenses vs. KBE |
ALTAR Score™ vs. KBE |
|---|---|---|---|---|
| KRE | State Street SPDR S&P Regional Banking ETF | 65.2% | 0 bp | -0.5% |
| FTXO | First Trust Nasdaq Bank ETF | 37.7% | +25 bp | -0.7% |
| PSCF | Invesco S&P SmallCap Financials ETF | 33.1% | -6 bp | +0.5% |
| QABA | First Trust NASDAQ ABA Community Bank Index Fund | 31.4% | +28 bp | -1.2% |
| XSLV | Invesco S&P SmallCap Low Volatility ETF | 30.2% | -10 bp | -0.8% |
| IAT | iShares U.S. Regional Banks ETF | 24.5% | +2 bp | -0.1% |
| XSVM | Invesco S&P SmallCap Value with Momentum ETF | 22.3% | +1 bp | +0.4% |
| FXO | First Trust Financials AlphaDEX Fund | 20.7% | +25 bp | +0.8% |
| KBWB | Invesco KBW Bank ETF | 17.1% | 0 bp | -0.8% |
| XMVM | Invesco S&P MidCap Value with Momentum ETF | 17.0% | +2 bp | +1.5% |
Risk and Returns: KBE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
8.2%
ALTAR SCORE™
89th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,388 funds in the US Equity category with an average
ALTAR Score™ of 5.7% and a standard deviation
of 2.1%. KBE's ALTAR Score™ is approximately 1.2 standard
deviations above the category average. This places KBE in the 89th percentile
among funds in the category.
Sell-Side Consensus
$76.56
PRICE TARGET
+15.6%
UPSIDE